Shopping is another popular smartphone activity, sometimes done in concert with mobile banking. When faced with a wait, or a boring activity, some folks turn to retail therapy, via smartphone. Eighteen percent of those surveyed said they use their phones to shop online while they cross the street or stand in line. Another 13% of folks use their mobile banking apps while driving – not a recommended practice. Texting and driving is extremely dangerous, and mobile banking is no better. Better to pull the car over and park safely before checking that bank balance or paying a bill. Or wait until you get to your destination.
The survey, conducted online by Harris Poll for data company Feedzai, looked at both banking and shopping among Americans. The 2015 Consumer Banking and Shopping Behaviors: Sentiment on Personal Data also touched on people’s feelings about security and personal information that may be vulnerable to data breaches, as there have been several big ones over the last few years. In spite of those data breaches, people seem willing to continue sharing their personal data in exchange for the convenience of banking and shopping via their mobile phones.
Men and women share data with banks differently
Financial institutions sometimes ask consumers to grant them access to their online data in order to provide security measures. However, not all consumers are comfortable doing this. Men were slightly less cautious about sharing their personal information with financial institutions than women were in general. Thirty-four percent of men said they were willing to share their mobile data with a financial institution in exchange for protection, compared with 28% of women. Thirty-two percent of men had no qualms about sharing online activity, compared with 26% of women, and 26% of men were willing to share personal information with financial institutions on social networks, compared with 20% of women.
The study was conducted online in March 2015 and included responses from 2,024 adults ages 18 and up.
Read Also Related News
Starting this month, Discover is finally introducing the contactless feature for all their Discover it® cards and the Discover More® card (the old version of the Discover it® Cash Back) joining such major issuers like American Express,...
The way you pay for a purchase with your credit card may be very different in five years than it is now. That's because biometric cards - credit cards that scan your fingerprint to prevent fraud or theft - are forecast to flood the market...
Although more people are using mobile wallets and moving away from using cash or credit cards as their go-to payment method, consumers have still shied away from using virtual credit cards for the majority of their purchases. But companies...
You can pay your Macy’s card online using Macy’s online pay service. Just visit their official website and follow the prompt to create your online profile and add your Macy’s card to that profile. Also, consider CheckFree, a partnering payment service. You can also pay your Macy’s American Express...
At my local bank there was an advertisement that if one enrolls in Alaska airline credit card and spends $1000 in the first 3 months then a travel companion could fly free. Is this still in effect? Does it apply to international trips and 1st class? Does the flight need to be Alaska airlines/ Virgin airlines?
Currently, the Alaska Airlines credit card has the following offer: “Annual companion fare from $121 ($99, plus taxes and fees from $22) after you make $1,000 or more in purchases within the first 90 days of your account opening”. This benefit will qualify for a round-trip coach Companion Fare on Alaska...
I once had the US Airways credit card, then the airlines merged with American Airlines and my card transitioned into the AAdvantage MasterCard with a higher annual fee and without companion pass. I use the card one year and then closed it because I don’t fly with American Airline often. Now I am looking for a credit card without an annual fee. What are my options?
You may like one of the regular travel rewards credit cards offered by major banks. Travel rewards credit cards allow earning miles on all purchases. The cards also have one-time sign up bonuses which may be enough for a domestic flight. There are credit offers without annual fees, the other offers come with rather low...
I had the US Airways MasterCard back in 2013 but had to close it because I got divorced and had some troubles with keeping up with my credit cards fees. I’m back on track now and would like to apply for this card again but can’t seem to find it anywhere. Can you help?
The US Airways Premier World MasterCard is no longer offered. US Airways removed their credit card after merging with American Airlines. Today you can apply for one of the AAdvantage credit cards offered by Citi or for a regular travel rewards credit card. Both types of credit cards will allow you to earn miles and redeem...