Smartphones set to change mobile banking for good"The way we do banking on our mobile phones is changing rapidly, very rapidly. While most cellphone banking in emerging markets like South Africa is still conducted via text messages, people are increasingly also using phone browsers for their banking. In fact, the latest survey results from tech research company World Wide Worx suggest that more than a third of South Africans now use their browsers for mobile banking. That said, only five percent of cellphone bankers exclusively use phone browsers...
Tuesday, 31 July 2012
International Mobile Banking Updates - Jul 31
Posted on 15:01 by Unknown
Posted in Boom, Brandon McGee, Digicel, Forrester, Malaysia, Mobile banking, RBI, South Africa, Westpac
|
No comments
Sunday, 29 July 2012
Mobile Banking Updates - Jul 29
Posted on 14:54 by Unknown
BofA, Wells Fargo rolling out new mobile banking services"Starting Thursday, Bank of America will allow customers to make deposits by submitting a photo of a check through their smart phones, the bank's online and mobile banking executive, Aditya Bhasin, said on Monday. The No. 2 U.S. bank is also rolling out a service allowing customers to send money to other individuals using their email address or mobile numbers, as well as expanding a coupon service that can be used by mobile customers. Wells Fargo launched its mobile check deposit service...
Thursday, 26 July 2012
Mobile Banking Updates - Jul 26
Posted on 19:55 by Unknown
4 Ways Smartphones Will Replace Brick-and-Mortar Banks"There's an app for just about everything these days, from blowing out your birthday candles to helping UC Berkeley measure earthquake severity. A lot of us have jumped on the smartphone bandwagon. Worldwide, 1.2 billion people regularly access the web from their smartphones. But it's not just mustachioed apps that are drawing us to our phones; we're conducting serious business on-the-go. More than half of U.S. smartphone users are accessing mobile banking features, according to a Digital Trends...
Wednesday, 25 July 2012
International Mobile Banking Updates - Jul 25
Posted on 17:53 by Unknown
South Africa: FNB Takes Banking to Facebook "South Africa's First National Bank announced on Thursday that its mobile banking customers will now be able to do their banking through social networking site Facebook. It is a first for South Africa, allowing the bank's customers to link their Facebook profiles to their cellphone banking profiles. Once linked, they can access the 'FNB Banking on Facebook' application, which will allow them to check their balances, purchase prepaid products including airtime, SMS and BlackBerry bundles, as well...
Tuesday, 24 July 2012
Mobile Banking Updates - Jul 24
Posted on 15:45 by Unknown
University Federal Credit Union crosses 25pc mobile banking adoption rate"Financial institution University Federal Credit Union has reached a 25 percent mobile banking adoption rate in nine months, showing how the industry is quickly gaining steam. University Federal Credit Union is using a three-pronged mobile banking strategy that includes an optimized site, applications and SMS. University Federal Credit Union is working with mFoundry."OCEANSIDE CHRISTOPHER, THE CATHOLIC CREDIT UNION LAUNCHES MOBILE BANKING IPAD SWEEPSTAKES"Oceanside Christopher,...
Monday, 23 July 2012
Mobile Banking Security - Jul 23
Posted on 18:34 by Unknown
How to Make Mobile Banking Safer"During long trips – or even short ones—it’s nice to keep up with your finances. Or to be able to log in to your bank account to pay a bill you forgot to take care of before leaving. Whatever the reason, if you think you’ll need to conduct mobile banking during your trip, be sure to get set up with your bank’s app before you leave home. That way you’ll be able to set up your account in a secure location – always be wary of shoulder surfers when you’re using a mobile device in public – and get familiar with the app."Why...
Posted in Brandon McGee, Mobile banking, mobile banking security, Mobile Malware, smishing
|
No comments
Sunday, 22 July 2012
Mobile Banking Updates - Jul 22
Posted on 16:28 by Unknown

Customers' Banking Satisfaction InfographicWhere Banking Meets Tech: Why Businesses Must Adapt, Or Else"If your business isn’t relevant, is it outdated, and virtually obsolete? There should be no grey area when it comes to relevance. In my recent review of Brett King’s book, “Branch Today, Gone Tomorrow,” I discuss how important it is for banks to stay relevant in order to survive."THE FUTURE OF BANKING—PART 2 Tech is key, both for mobile and reg...
Thursday, 19 July 2012
Mobile Banking Updates - Jul 19
Posted on 19:07 by Unknown

How to Make Mobile Banking FunNew E-Banking Trojans Target Android Users"The security firm Trusteer reports that new Web-based attacks are targeting Android smartphone users in a campaign to circumvent two-factor sign-on features used by many banks to protect account holders. Writing on the Trusteer blog on Tuesday, CTO Amit Klein of Trusteer said that researchers there have identified new attacks against mobile banking customers that use both the...
Posted in Brandon McGee, mFoundry, Mobile banking, mobile banking security, Mobile Malware, Trojans
|
No comments
Wednesday, 18 July 2012
Mobile Banking International Updates
Posted on 17:01 by Unknown
Mobility facilitates MEA distribution of banking services says IDC"While financial institutions seek to develop alternative channels as a means to drive business efficiency and a better customer experience, an increase in consumer mobility has presented an attractive opportunity. According to a recent study by market research and consulting company IDC, the current penetration rate of banking services in the Middle East and Africa (MEA) is estimated at less than 35 per cent."Standard Bank quietly releases mobile banking app"A year after FNB shook...
Posted in Africa, BOV, Brandon McGee, Fundamo, Lloyds TSB, Middle East, Mobile banking, mobile payments, Standard Bank, UK, Visa
|
No comments
Tuesday, 17 July 2012
Mobile Banking Updates - Jul 17
Posted on 18:53 by Unknown
FUTURE OF BANKING—PART 1: It hinges on ‘intelligent’ use of technology"How are industry professionals reducing the cost and time of product delivery using emerging technologies? Tech Topics moderated a panel of experts who provided sharp insights into the challenges facing banks and how they are responding. In part one of a two-part series, responses to regulatory pressures, the use of cloud computing, and mobile technology developments figure prominently in the industry’s future."A Banking Giant Makes a Mobile Payment Bet"Paying for something...
Monday, 16 July 2012
Mobile Banking Updates - Jul 16
Posted on 16:47 by Unknown
Mobile banking, once a gee whiz feature, is becoming ubiquitous"Mobile banking, which not long ago was the next new thing, is quickly becoming a must-have service for area banks and credit unions. Just in the past few months, a number of financial institutions with a presence in the Triangle have enabled their smartphone-wielding customers to transfer funds, look up their balances, pay bills and handle other banking chores while on the go."The Mobile Value Chain Challenge"When the first mobile banking services launched in the late 90’s, the technology...
Posted in Barclays, Brandon McGee, Citi Bank, Mobey Forum, Mobile banking, mobile payments, NatWest, RBS
|
No comments
Thursday, 12 July 2012
Mobile Banking Updates - Jul 12
Posted on 16:38 by Unknown
Making Up for Lost Ground in Mobile Banking"Nearly every day, the financial technology press publishes new, eye-popping statistics on the trends in mobile banking and finance. Here are some of the more telling stats that I have seen recently: * By 2015, Forrester predicts that one in five US adults will be using mobile banking. * Mobile customers are the new "sweet spot" segment for the banks. They are younger, they are more affluent, and buy more financial products."Why is USAA Building Financial Centers?"USAA has always been known as a forward-thinking...
Wednesday, 11 July 2012
International Mobile Banking Updates - Jul 11
Posted on 19:33 by Unknown
New Mobile App Tool Encourages Canadians To Make Small Sacrifices For Long-term Savings"ING DIRECT today announced a new addition to its existing mobile banking app for Apple® and Android™ devices. Called Small Sacrifices, this new tool helps Canadians visualize how foregoing everyday indulgences and redirecting that money through small incremental deposits can lead to big savings over the long term. In a new poll commissioned by ING DIRECT, 52% of Canadians surveyed said that if they could better visualize what foregoing their daily, weekly and...
Posted in BDO, Brandon McGee, Canada, Commonwealth Bank, Finland, Kenya, Mobile banking, mobile payments, Philippines
|
No comments
Tuesday, 10 July 2012
Mobile Banking Security - Jul 10
Posted on 17:23 by Unknown
Tackling Emerging Mobile Risks"The proliferation of mobile, particularly as it applies to mobile banking, has opened new revenue streams and enhanced customer and member experiences and convenience. But it also has opened new doors for fraud, and staying on top of those vulnerabilities is critical. So how are banking institutions addressing mobile security risks? Keith Gordon, who oversees authentication and security strategies for Bank of America's consumer online and mobile banking units, says most institutions are just now forging ahead in...
Sunday, 8 July 2012
Mobile Banking Updates - Jul 7
Posted on 15:19 by Unknown
High-Maintenance Gen Y Bank Customers"The prevailing preference of Gen Y consumers for digital channels and electronic everything has led to the assumption that this generation is among the easiest for a financial institution to serve. Just give them access to online banking and a decent mobile app and they will serve themselves, right? Not exactly. Gen Y consumers (ages 18-32) can be high maintenance when it comes to their financial management habits."The Mobile Banking Imperative"Consumers are increasingly using mobile devices as banking tools...
Thursday, 5 July 2012
Mobile Banking Updates - Jul 6
Posted on 21:06 by Unknown
Report: Customers leave FIs for conveniences like mobile banking"Eleven percent of consumers are likely to switch primary financial institutions in 2012 in a quest for greater convenience and service, according to a new report announced this week by Javelin Strategy & Research. Giant banks face even larger defections, with Citibank and Bank of America at risk of losing twice as many customers. This could mean huge potential losses for FIs; switchers manage $675 billion in deposits, and manage deposits that are 30 percent higher than customers...
Mobile Banking Security - Jul 5
Posted on 03:00 by Unknown
Mobile Banking: Emerging Threats, Vulnerabilities and Counter-Measures"The banking industry has never seen such a fundamental change as mobile banking. Globally, millions of consumers are already using a wide array of mobile devices to conduct banking - and millions more are expected to go mobile in the coming months. But with that growth come a whole new set of threats: mobile malware, third-party apps, unsecured Wi-Fi networks, risky consumer behavior. And it does not matter whether an institution uses a proprietary or third-party mobile banking...
Monday, 2 July 2012
International Mobile Banking Updates - Jul 2
Posted on 18:05 by Unknown
Mobile Banking: Is it a Banking Solution To The Unbanked in Africa?"Banking the unbanked especially in African countries has for along time been a major predicament. Due to the low level of technology, illiteracy, under development, and lack of proper awareness, the banking sector has been lagging unlike others such as IT and other sectors in the industry."Emerging economies embrace banking innovations"When it comes to reaching the unbanked in developing countries, there's room for all players. Worldwide, the unbanked population is estimated at...
Posted in ACI, Africa, Aite, Brandon McGee, China, CIBC, FNB, iWallet, Kiwibank, Mobile banking, PayPal, Sungard, text alerts
|
No comments
Sunday, 1 July 2012
Mobile Banking Updates - July 1
Posted on 17:55 by Unknown
Microsoft makes a move in mobile payments"Somewhat sadly, Microsoft has been an afterthought when it comes to the mobile payments battle--until now. With Windows 8, the Redmond, Calif., giant seems bent on taking on Google as an NFC digital wallet provider, a rare chance for it to play the underdog. The company's Windows 8 launch presentation was heavy with plugs for its planned NFC component and it showed off a wide array of features in a bid to offer 'the most complete wallet experience.' That's a big challenge."Mobile Banking vs. Online Banking"Tamara...
Posted in Brandon McGee, Cisco, Forrester, Microsoft, Mobile banking, NFC, tablet banking
|
No comments
Subscribe to:
Posts (Atom)