The Credit Union National Association (CUNA) recently conducted a survey of 1,046 adults and found that one-half(50%) of U.S. smartphone owners make payments on their mobile. An age break down reveals—-
*Age 18-29 58%
*Age 30-44 60%
*Age 45-60 48%
60& older 24%
Ninety-two percent(92%) indicate ease of use as the greatest benefit. Mobile transactions over $50.00 were the most common. Seventy-eight percent(78%) cite SECURITY as a major concern.