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Fed Survey: POS Mobile Payments on the Rise

  • By Konstantine Kastens, AFP Public Policy Analyst
  • Published: 3/26/2014

Consumers using mobile phones to make purchases at the point-of-sale (POS) tripled in 2013, according to recent data from the Federal Reserve. Since the Fed began issuing annual reports on consumer mobile banking and payment service trends in 2011, the data has shown a modest, albeit ste ...

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