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February 07, 2012

Mozido Launches 'Genius Wallet' for Mobile Payments

Mozido logo 140x60pxMozido announced the launch of the 'Genius Wallet', a global mobile wallet platform for the unbanked and banked.

"Our Genius Wallet(SM) brings every mobile phone user, including the unbanked, into a secure, convenient, and efficient financial ecosystem," says Greg Corona, CEO, Mozido LLC "It offers opportunity and hope for a huge population worldwide, empowering them to enjoy a broad range of banking and financial services often for the first time, using their mobile phone."

In December, Mozido and MoneyGram struck a partnership to include MoneyGram remittance transfer services for approved Mozido mobile wallet applications.

Federal Reserve Reports Consumer Credit for December 2011

FedThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at an annual rate of 7.5% in the fourth quarter. Revolving credit increased at an annual rate of 4.5%, and nonrevolving credit increased 9.0%. In December, consumer credit increased at an annual rate of 9.25%."

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