Mobile Payments Innovation

Abstract: Mobile payment technology, or the ability to pay for goods and services via mobile phone, has experienced a rise in adoption and popularity in the past few years. Its rise stems from companies and consumers alike looking for new ways not only to make payments more accessible and convenient, but also to help decrease certain types of fraud.

Keywords: Credit fraud; Mobile payments; Europay MasterCard and Visa (EMV);

JEL Classification: E42;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Annual Report

Publication Date: 2014

Pages: 14-15