credit card payments Archives

Consumers are using their mobile wallet more, but prefer plastic

02/03/202302/02/2023 John Montgallo

While shoppers may be increasingly using their phones to pay, their cards are still a preferred method. Consumers have been using mobile wallet transactions to an increasing extent, but even among those who have been using their phones to pay, many still prefer using a debit or credit card, according to the results of a recent JD Power report. The report was based on a survey of 3,588 retail bank customers across the United States. The mobile wallet survey was conducted between the first quarter of 2021 and the third…

Mobile commerce apps set to replace credit cards for payment options

01/10/201304/13/2014 L. Green

Those with smartphones will find less need to use plastic or cash to make payments as mobile commerce payments are expected to have a huge upswing in 2013. Financial companies set to gain in mobile commerce Thus far, mobile apps for payments have been a huge disappointment, but a group of mobile industry heavyweights believe financial services will successfully tap the market for paying with mobile apps, making cash and credit cards optional for smartphone owners. The big winners are thought to be established financial groups like Visa and banks,…