SAN FRANCISCO (KCBS) – People are getting more comfortable doing their banking on their mobile devices.
An annual Federal Reserve survey found that in 2014, 39-percent of adults with mobile phones used their devices for banking, compared to 33-percent in 2013.READ MORE: San Francisco's New Sobering Center Will Provide Drug Addicts A Place To Go For Help
Spreading the survey’s reach found that 22-percent of all mobile phone owners made at least one mobile payment in 2014, compared to 17-percent the year before.READ MORE: Study: Sediment, Tidal Marshes Are Key To Protecting Bay Area From Rising Sea Levels
39-percent of those surveyed used their phones to track purchases and expenses, and 33-percent scanned barcodes with their phones to find the lowest price.
Security remains a big issue for those not yet embracing mobile banking.MORE NEWS: COVID Safety: Warriors Officials Give Preview of Chase Center's Pandemic Protocols