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Where Are Small Businesses in the Mobile Revolution?

Where Are Small Businesses in the Mobile Revolution?

Small businesses owners are becoming increasingly reliant on mobile banking and transactions. According to a recent Bank of America blog post, small business owners (SBOs) are "outpacing the general U.S. population in almost every category of mobile activity." About 63 percent of SBOs said they could not survive without their mobile phone, as indicated by a Forrester report. Bank of America also indicated that it has seen an increase in SBOs' use of phones and tablets to manage business bank accounts and use of the mobile notification security feature.

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