Mobile Payments: The Good, the Bad, and the Confusing

Video Read time:
Projects: Consumer Banking & Consumer Finance

Navigate to:

  • Table of Contents
Mobile Payments: The Good, the Bad, and the Confusing

This video is hosted by YouTube. In order to view it, you must consent to the use of “Marketing Cookies” by updating your preferences in the Cookie Settings link below. View on YouTube

This video is hosted by YouTube. In order to view it, you must consent to the use of “Marketing Cookies” by updating your preferences in the Cookie Settings link below. View on YouTube

Ever use your smartphone to pay for parking or split the dinner bill with a friend? More people are using their phones as a mobile wallet and most mobile transactions work just fine. But with technology constantly evolving the rules that should protect consumers simply haven’t caught up.

In this animated video, follow along as Miles and his friend Pearl spend the day together, banking and buying music and coffee, all with their phones. Are the risks of using mobile payments holding people back and what can be done about them?

Data Visualization February 10, 2016

Who Is Regulating Mobile Payments?

Quick View
Data Visualization February 10, 2016

Every day, Americans use their smartphones to transfer money, pay for goods and services, and make donations. These transactions are collectively referred to as mobile payments. This infographic provides an overview of the many federal agencies that oversee the mobile payments marketplace, including payment processors and products.

White Paper February 10, 2016

The Legal Framework of Mobile Payments

Quick View
White Paper February 10, 2016

As the popularity of mobile payments grows, it becomes increasingly important to understand the legal framework in which these transactions take place.

Issue Brief February 10, 2016

Mobile Payments

Regulatory gaps, ambiguities, and overlap
Quick View
Issue Brief February 10, 2016

Mobile payments enable consumers to make financial transactions using their smartphones via a website, by sending a text message, or through an app. This technology, in turn, relies on many other consumer products and services, including credit, debit, and prepaid cards; wireless carriers; and nonbank providers such as Apple, Samsung, Google Wallet, and PayPal.

RELATED
Topics
Family Finances
Projects
Consumer Banking Consumer Finance

ADDITIONAL RESOURCES

Article

February 4, 2025 Tiny City Apartments Could Provide New Source of Housing
In late afternoon shadows, people walk across a university campus lawn divided by criss-crossing sidewalks.

Article

February 4, 2025 New Report Proposes Ways to Sustain ‘Public Impact’ Research
The front façade of Philadelphia’s City Hall with skyscrapers in the background

Article

January 30, 2025 With Cities Facing Fiscal Challenges, a Few Try Tax Reform

MORE FROM PEW

佘国豪穿着潜水衣站在一条船上，身后是波光粼粼的蓝色海水和丘陵海岸，他在潜水前指向远处的水域。 香港公众对海洋生物多样性的认识可有助海洋保育工作
Effective Electronic Monitoring Systems Incorporate Stakeholder Input 利益攸关方的外联和沟通
How to Review Electronic Monitoring Data While Safeguarding Privacy 数据审查和隐私
4 Ways to Accelerate Broadband Expansion Nationwide