5 things to know about the mobile transformation of payments

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Mobile technology enables members to make faster and more convenient payments than ever before.Consumers can pay for monthly expenses—or even pay the babysitter—from a mobile device when and where it is most convenient for them.These transactions are processed securely and instantly, freeing up valuable time for people to focus on other important things.For younger generations, particularly millennials (those ages 18 to 35), mobile payments are becoming a bigger part of everyday life, including at the point-of-sale. With a simple scan of a smartphone or wearable device, the payment process is made quicker and easier for everyone involved.Older generations have also taken notice of this and are adopting mobile payments, albeit at a more leisurely pace.With technology playing an increasingly vital role in our daily lives, credit unions are transforming to serve their members in line with new expectations. continue reading »last_img

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