Mobile Banking Updates - Apr 29

Infosys Survey Finds Mobile Banking Customers Love Ease and Convenience, Yet Reliability and Security Concerns Remain"An overwhelming majority (94 percent) of U.S. consumers say that banking on their mobile device is easy and more than three quarters (77 percent) feel it is convenient, but only 42 percent cite that it is reliable, according to a new study released today by Infosys, a global leader in consulting, outsourcing and technology."Chase earns top marks in Forrester’s new mobile banking benchmark"With the rising popularity of mobile banking...

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Mobile Banking Updates - Apr 26

Online Banking Vs. Mobile Banking"While PC-based online banking is not much older than a high school student, mobile banking is still in elementary school. With the proliferation of smartphones, however, online banking’s younger sibling is quickly catching up to the slightly more established option. Banking through your PC’s web browser offers a full menu of services. You can easily and conveniently schedule payments, transfer funds, add new payees, open new accounts, apply for loans, view current and past statements, and access information about...

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Mobile Banking Updates - Apr 25

Bank of America's David Godsman promises to support mobile payments"Bank of America's Online and Mobile Solutions Executive David Godsman has only been in the mobile banking business with Bank of America for under a year, but the company has already made huge strides in its mobile strategy under his leadership. The company touts 29 million active online banking users and over nine million who use mobile banking. Godsman recently spoke to FierceMobileContent about Bank of America's changing digital strategy and mobile security measures that help...

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Mobile Banking Security - Apr 24

Making Mobile Banking Safe"The financial industry and banking customers are facing the age-old security balancing act of gauging convenience versus risk as the new battleground for fighting fraud shifts from traditional desktop-based online banking to mobile banking. As financial institutions work to provide mobile banking apps to customers clamoring for them, these organizations are struggling with offering the right functionality without giving the farm away to criminals. But all of that work is done under the covers and in an inconsistent manner...

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Mobile Banking Updates - Apr 22

Five Myths of Mobile Banking"The buzz about mobile banking is at an all-time high so maybe it’s time to take the hype down a notch. Below, we have debunked some common myths about mobile banking so that financial institutions can focus on what really matters and provide a roadmap to meet customer needs and improve their bottom line. First Myth: We can wait. Shortly after their launch dates, first movers witnessed as many as 10% of retail customers adopting mobile banking. This implies that customers value, and will increasingly expect, mobile...

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Mobile Banking Updates - Apr 18

Mobile Banking & Payments by the Numbers"Statement rewards provider and BillShrink parent, Truaxis, published a nice summary of mobile banking and payments on its blog (reprinted with permission below). A few Industry Players metrics at the bottom of the infographic have recently been updated:* Starbucks said this week it has processed 42 million mobile payment, up from the 26 million (Venture Beat, 9 April 2012)* Square has now shipped 1 million readers, up from 500,000; and is now processing $11 million per day, up from $4 mil (Splatf, 5...

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Mobile Banking Updates - Apr 17

Business mobile banking launched"In March Bank Millennium launched phone banking for business accounts. It is available to all self-employed users of Biznes accounts with access to Millenet. An urgent transfer while on a train, termination of a deposit just before payment for a service, phone top-up while riding in a lift is run-of-the-mill in mobile banking, at the same time being services, which make life easier for small businesses. Operating business accounts by phone works the same as for private accounts - it only takes a change of context...

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Mobile Banking Updates - Apr 15

mFoundry Launches Mobile Banking Solution for Conestoga Bank"mFoundry, the most popular provider of mobile banking and payments solutions, today announced Conestoga Bank has successfully deployed its mBanking mobile banking solution. mFoundry's mobile banking solution is now used by nearly 10MM users across more than 650 financial institutions nationwide, including one-third of the top 50 banks in the U.S.Conestoga Bank is the latest financial institution to choose mFoundry's mobile banking and payments platform to serve the mobile financial services...

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Mobile Banking Updates - Apr 13

Clairmail launches mobile banking, payments solution Clairmail Plus"Clairmail has released its new mobile banking and payments solution Clairmail Plus, designed to help mid-tier regional banks, community banks and credit unions. Clairmail CEO Pete Daffern said that the firm has witnessed huge demand in the midmarket for a mobile solution that keeps costs and IT investment down while delivering real value to consumers and banks alike."Farmers State Bank Selects Jack Henry Banking to Provide Enterprise-Wide Automation"Jack Henry & Associates,...

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Mobile Banking Updates - Apr 12

Mobile Banking Users Cite Lack of Tech Support as Biggest Void"A recent survey of 1,527 mobile banking users found a gaping void in the typical mobile banking application — a lack of technical support, tutorials and advice. Asked about the one improvement they'd most like to see in their mobile banking application, 60% of these consumers said links/contact information for technical support."Fiserv White Paper Evaluates How Mobile Access is Reshaping Banking Across Channels"Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services...

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Mobile Banking Security - Apr 11

New security flaws detected in mobile devices"Findings of two recent examinations of mobile devices highlight how designers of smartphones and tablet PCs failed to fully account for security and privacy implications. 'Today's smartphones and tablet devices perform the same functions as a PC,' says Dan Hoffman, chief of mobile security at Juniper Networks. 'However, the vast majority of devices lack security software and mistakenly rely upon the operating system to keep people safe.'"Are your mobile banking apps safe?"How safe are your mobile banking...

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Mobile Banking Updates - Apr 5

Mobile Expert Video Series: The Sybase 365 Team"I have said it before, and I will say it again, I believe the Sybase 365 platform is one of Sybase's most interesting mobile platforms and one of their best kept secrets. It is huge in m-Commerce and in mobile banking. It is also widely used around the world for mobile commerce. In this interview, I talk about Sybase 365 with Sybase's Allen Lau and Gabe Thendean."Banking via mobile phone to become the norm"Talking and tweeting might be OK for mobile phones, but banking is another thing altogether.At...

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Mobile Banking Security - Apr 4

Hacker Intrusion Worries Slow Mobile Banking, Fed Official Says"U.S. consumer concerns that hackers may gain access to private financial information are slowing use of smartphones and mobile devices for personal banking, said Sandra Braunstein, director of the Federal Reserve’s consumer and community affairs division.'Consumers expressed concerns about hackers gaining access to their phones and exposing their personal financial information,' Braunstein said in remarks prepared for testimony today to the Senate Banking Committee in Washington."Experts...

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Tablet Mobile Banking - Apr 3

How To Create A Superior Tablet Banking App"Tablet use in the United States is expected to more than double over the coming year, from its current base of 16 million consumers, according to a Mobile Banking, Smartphone and Tablet Forecast: 2011-2016 report from Javelin Strategy and Research. The Pleasanton, Calif.-based firm also projects that by 2016, 40% of U.S. mobile consumers, or 87 million people, will own a tablet.Considering the enormity of these numbers, including a tablet-specific application in their mobile offerings should be a no-brainer...

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Mobile Banking Updates - Apr 2

6 Essential Mobile Banking Features For Community Banks"Financial institutions have many choices when implementing a mobile banking solution. The majority of community banks do not have the resources to develop a mobile application in-house so they will most likely implement a mobile platform from a software vendor.Community banks must offer robust and intuitive mobile banking apps to compete against large national banks and attract new customers, especially tech. savvy Gen Y consumers. Banks also benefit with the ability to sell more services...

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Mobile Banking Updates - Apr 1

UPLEX Global Launches Powerful Secondary Loan Market"Paul J. Giefing, CEO and Founder of UPLEX Global, today announced the release of a powerful, global, online secondary loan market to allow banks, credit unions, private investors and numerous other financial institutions to efficiently and affordably trade whole loans, loan portfolios and loan participations.'I’ve found that the old way of buying and selling loans and portfolios has simply become too expensive and time consuming, especially during these challenging economic times,' said Giefing....

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