Mobile Banking Updates - Jun 28

Star One Credit Union Partners with Tyfone to Deliver Best in Class Mobile Banking"Star One Credit Union, the ninth largest credit union in the U.S. with more than $6.0 billion in assets, today announced the availability of its Tyfone powered mobile services to its more than 89,000 members worldwide. Star One partnered with Tyfone to bring industry leading mobile banking services to its members, including Fiserv XP2 core integrated mobile banking, enhanced strong ID authentication mobile security and a seamless path to NFC contactless payment technology."Personetics...

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Mobile Banking Updats - Jun 27

Mobile Wallets: Big Opportunity, Big Hurdles"What's the role of banks in the new mobile payments model? Sitting in front of a room full of bankers at the Mobile Banking and Commerce Summit in San Francisco, some of the biggest players in the burgeoning mobile wallet space wasted no time Tuesday tackling that question. The query itself suggested that banks still don't know enough about the power of mobile wallets and the potential benefits of partnering with their developers."Tablets, Mobile Payments, Disruptors Among Hot Topics at Celent Banking...

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Mobile Banking Updates - Jun 26

Mobile Banking is Here to Stay"If there was one overarching theme that came out of Bank Systems & Technology's Virtual Event "How Mobile Is Transforming Banking's Competitive Landscape" on Thursday it's that mobile is indeed the future. While mobile banking adoption sits in the 10-15 percent or so range -- and even less for tablet banking -- the numbers are increasing every day, as technology continues to rapidly advance. It's not a stretch to say that within five years, most bank customers with access their account via a mobile device. We've...

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International Mobile Banking Updates - Jun 25

HTC to unveil mobile banking phone in Taiwan"Taiwan's HTC Corp. will announce a partnership in mobile payments with a local bank and card companies this week as it seeks to play a larger role in the promising mobile banking industry. The world's No. 5 smartphone vendor is scheduled to hold a joint news conference on June 19 with Cathay United Bank, EasyCard Corp. and MasterCard International to launch a co-branded card, according to a statement."Mobile money transfers: Zim drifts towards cashless economy"ZIMBABWE’s financial transacting public...

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Mobile Banking Updates - Jun 24

Bank of America fights to keep top spot in mobile banking"Bank of America Corp.’s Aditya Bhasin has 10 million reasons to celebrate the Charlotte-based company’s leading position in mobile banking. But industry analysts say the online- and mobile-banking exec also has a growing number of reasons to watch his back. That’s because an arms race is under way in mobile banking."Mobile Banking Spend on the Rise"Retail banks are planning to invest heavily in mobile due to increasing customer demand, according to a new report from Cambridge, Mass.-based...

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Mobile Banking Updates - Jun 21

Mobile, Tablet, Industry Disruptors Among Topics to be Featured at Celent Banking Insight & Innovation Day"The future of mobile and tablet banking, and disruptors in the financial services space will be among the major topics discussed at Celent's Banking Insight & Innovation Day next week in Charlotte, N.C. This will be the fifth year the Boston-based analyst form will host the event, which will feature Celent analysts as well as representatives from more than 30 banks. Celent will also be issuingits "Model Bank" awards at the event."PSECU...

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Mobile Banking Security - Jun 19

Mobile Banking: Predicting the Risks"Mobile security threats can be managed through testing and strategic risk-mitigation strategies, says Keith Gordon, who oversees authentication and security strategies for Bank of America's consumer online and mobile banking units. A mobile banking pioneer, Bank of America has come up with some innovative ways to anticipate mobile threats. This top-tier bank has seen its mobile-user base explode, increasing by nearly 3 million users in the last 12 months. It now has more than 10 million mobile users."60% of...

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International Mobile Banking Updates - Jun 17

Mobirl on massive mobile awareness campaign"With the telecommunication companies ramping up their services to ensure that our mobile devices stay connected, the private sector in Trinidad and Tobago is gradually introducing mobile applications and services to communicate with its customers and more importantly increase operational excellence for the business. Only two of our banks have mobile offerings today—First Citizens Bank and Scotiabank. First Citizens Bank’s mobile banking services allows its customers to access banking information on...

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Mobile Banking Updates - Jun 15

Tyfone Inks Mobile Banking Pact With Giant SSFCU"The wait is over. After a year of deliberation, and sorting through myriad ways to take its 875,000 members mobile, San Antonio-based Security Service Federal Credit Union has announced its selection of Portland, Ore.-based Tyfone as its mobile banking provider. A top 10 credit union – with more than $6 billion in assets – SSFCU had not provided its members with mobile banking but knew this was high on the list of what members wanted in additional services."CSI Launches PFM Solution for Internet...

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Mobile Wallet and Payments - Jun 13

Smartphones get new duty — as wallets"Picture walking up to the Dillard’s counter, two shirts in one hand, smartphone in the other. Phillip Vullo ATT Mobility Chief Executive Officer Ralph de la Vega said, 'We’re getting into a completely new line of business that we’re very excited about.' There’s no need to reach for your wallet, because all of the credit card information has been stored in your phone. One tap of the phone against a small mobile reader next to the cash register, and you’re out the door. Welcome to the new, more intelligent world...

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Mobile Banking Updates - Jun 10

2012 in Mobile Banking"The year is half over, and already banks and payment companies have made big advances in their use of mobile devices."Online and Mobile Banking are Gaining Adoption"ComScore, Inc, a company that measures the digital world, recently released its annual State of Online and Mobile Banking report for 2011. This report provides key online and mobile banking trends in the U.S. in 2011. More than 2,000 U.S. Internet users were surveyed and the research was supplemented by other data from a behavioral panel of over one million U.S....

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Mobile Banking Updates - Jun 8

With Mobile, Integration is Everything: Q&A With KeyBank's Dean Ilijasic"In the scramble to meet customer demand for mobile banking, deploying a mobile channel can easily become a siloed exercise. Not so for Cleveland-based KeyBank ($86 billion in total assets), where emphasis on the tight integration of all channels also drives mobile development. Bank Systems & Technology contributor Anne Rawland Gabriel spoke recently with Dean Ilijasic, senior vice president and director of consumer and small business innovation at Key, about the significance...

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International Mobile Banking Updates - Jun 7

Confidence in security of mobile banking"There's confidence security checks have to be passed through before money can move around through mobile banking. A number of New Zealand banks have launched a phone app, some of which don't require a login every time they're used. Massey University senior banking lecturer Dr Claire Matthews says while that might be the case, the apps vary in what information they provide."EIB launches banking iPhone app"Emirates Islamic Bank (EIB), a leading Islamic financial institution, has launched its mobile banking...

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Mobile Payments - Jun 6

BATTLE OF THE GIANTS Tech-industry power struggle could impact mobile pay development"A little-publicized but highly intense battle among the top technology companies could affect the continuing development of mobile banking and mobile payments, according to Accenture research. Its recent report, Competing in a High-Tech Industry ‘Superstack,’ claims that mobility, cloud computing, and consumer electronics companies are being heavily impacted by a new business model it dubs 'superstacks.'”Do mobile-based payment options really benefit you?"You...

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Mobile Banking Security - Jun 5

Mobile Banking: Trends, Threats and Fraud Prevention Techniques"As financial institutions expand their mobile banking services, fraudsters certainly will be close behind. This webinar will cover the expanding use of mobile banking and the fraud threats that are lurking, including:* The explosive growth of smartphone ownership and the resulting demand for improved mobile services* Trends in mobile banking services, and the inherent risks associated with smartphone usage* The threats that lurk as fraudsters escalate attacks against the mobile channel* Fraud...

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Mobile Banking Updates - Jun 3

The Untapped Market: Corporate Mobile Banking"Banks have been so focused on building the mobile retail solutions for consumers that they could be missing out on a huge opportunity in commercial mobile banking. As with most trends of new innovations and technologies it starts with the consumer, but it’s only a matter of time until mobile transcends into the corporate treasuries of both SMEs and large enterprises. In fact, a report by Aite Group, found there is a high demand for corporate mobile banking services amongst treasures. Of the 300 treasury...

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