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Consumers and Mobile Financial Services

FedThe U.S. Federal Reserve has released the findings from an online survey, conducted in December 2011 and January 2012, examining the use of mobile technology to access financial services and make financial decisions.

One out of five American consumers used their mobile phone to access their bank account, credit card, or other financial account in the 12 months ending in January 2012 and an additional one out of five indicated they would likely use mobile banking at some point in the future.

The full "Consumers and Mobile Financial Services" report is located here.

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