Central Banking

Fed director cautious of ‘not fully known’ impacts of mobile banking

Person operating a mobile phone and laptop

Sandra Braunstein, director of the division of consumer and community affairs at the US Federal Reserve today spoke of the uncertainties that still surround the potential uses of mobile devices in financial services.

Testifying about mobile payments before the Committee on Banking, Housing, and Urban Affairs at the US Senate in Washington, DC, Braunstein said: "The evolution of new technologies that enable consumers to conduct financial transactions using mobile devices has the potential to

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