Fed: Consumers wary of mobile payment security

CreditCards.com By Juan Rodriguez Americans are embracing using cellphones to conduct financial business, says a March 2012 report from the Federal Reserve, "Consumers and Mobile Finance Services." One in five cellphone users accessed a financial account in 2011, and that could rise to one in three by 2013, the report says. The biggest drag on faster adoption: concerns about security. More than 40 percent of the 1,780 people the Fed surveyed said they were concerned about mobile payments' security. Read more: http://www.creditcards.com/credit-card-news/infographic-fed-survey-consumers-wary-mobile-payment-security-1701.php#ixzz1rpt9pSyL Compare credit cards here - CreditCards.com