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April 11, 2011

Mobile Banking and Payments: Perspectives from Financial Institutions

Fiserv logo 60pxhFiserv sponsored a survey of top US banking executives to see where they stand regarding mobile.
Forrester surveyed 15 decision makers in October 2010 from top tier U.S. banks and credit unions to evaluate the current and future state of mobile banking and payments within their organizations. The results indicated that the majority of financial institutions have clear-cut mobile banking strategies. However, when it comes to mobile payments, most see themselves in the role of “fast follower” and are waiting for market changes and movement from “pace setters” before investing heavily.
The results are presented in this white paper.

First Data Releases March 2011 SpendTrend

First data logo 140pxFirst Data has released its First Data SpendTrend analysis for the full month of March 2011 compared to March 2010.
Overall year-over-year dollar volume growth increased 8.1% in March, compared to February’s 8.4% growth rate. Excluding sales at gasoline stations, dollar volume growth was 6.9% in March versus 7.7% in February. Gasoline prices in March were up 30% year-over-year, which limited consumer discretionary spending.
SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.


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