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A critical mass of U.S. and Canadian consumers are completely tied to their smartphones. More than half of adults own them and recent research indicates that the average smartphone user checks his or her phone more than 150 times a day. These powerful little computers in our pockets are quickly changing how we learn about products and services, bank, and pay for things.

Novantas fielded two mobile payment surveys on FindABetterBank.com since April 2013 and we’ve seen the market grow substantially between surveys. The Filene Research Institute and Novantas also explored the latest mobile payment trends in a report, Bank Shopper Snapshot Survey: Mobile Payments Tracker II.

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