Mobile banking on the rise in India"Mobile banking is becoming more and more prevalent in India thanks to its convenience. Month-on-month transactions carried out through mobile banking are surging both in volume and value terms. According to Reserve bank of India (RBI) data, a total of 3.7 crore mobile transactions took place between February and November 2012, jumping around 1.7 times in volumes over this 10-month period. These transactions saw nearly a three-fold increase in value over the same period."Research and Markets: Mobile Banking: Sizing...
Thursday, 31 January 2013
Wednesday, 30 January 2013
No Need for Mobile Banking Here, But Make Room for Horses"Here's a banking market with strong credits, successful businesses and little need for expensive technology. But leave room in the parking lot for horse and buggy. A group in Pennsylvania has asked for approval to establish Bank of Bird-in-Hand, which would be the first de novo bank in the U.S. in more than two years. Named for a nearby town, the bank is located "right smack in the center of the Plain community," says Craig Rodenberger, marketing director at Ephrata National Bank in Ephrata,...
Tuesday, 29 January 2013
Generations Bank Rolls Out Mobile Banking App that Includes PFM Tools"Generations Bank announced Thursday a mobile app for its iPhone and Android customers called mygenmobile. Among the app's features are bill-pay capabilities; a GPS-based locator for branches and ATMs; alerts and notifications as well as the ability to aggregate outside financial accounts and add tags, notes or photos to transactions. Generations Bank is based in Seneca Falls, N.Y. The mobile app is available to its internet banking customers."6 steps to safer online and mobile...
Sunday, 27 January 2013
ING Bank Slaski releases corporate mobile banking app"ING Bank Slaski has launched a mobile banking application for corporate customers - ING BusinessMobile for iOS and Android platforms is based on the Comarch Mobile Banking solution. The system is designed primarily for corporate customers as it offers convenient and quick transaction authorization. In addition to the four-eye principle, it allows to create secure transactions on the basis of pre-defined and templates orders."First Niagara launches mobile banking app"First Niagara Financial Group,...
Wednesday, 23 January 2013
U.S. Bank Launching “Go Mobile” App in Salt Lake and Portland Offering Cardless Purchases Using an iPhone"New U.S. Bank FlexPerks Visa customers in Salt Lake City, Utah, and Portland, Ore. will be the first U.S. Bank customers invited to try a new mobile payment service called U.S. Bank Go Mobile. The service allows customers to quickly and securely pay for everyday purchases with a wave of their iPhone 4 or iPhone 4S. U.S. Bank is introducing the service in Beta with new FlexPerks® Travel Rewards Visa Signature® account holders before introducing...
Tuesday, 22 January 2013
Mobile Banking to Reach 65% of the Country Off the Banking Map"Six months from now, people all over Peru will be able to begin paying their bodega bills or buying their neighbor’s cow by mobile phone. President Ollanta Humala enacted a law Wednesday authorizing the introduction of mobile banking, aimed at helping millions of Peruvians who have poor or no access to banks or ATMs to safely pay and be paid without the need of physical cash."Risk-wary clients refuse to rush into mobile-banking"Banks are pushing mobile business, but cautious customers...
Sunday, 20 January 2013
Latest Feature in Mobile Banking: Smartphone Cameras"Banking is top of mind for smart device owners who are increasingly using mobile to accomplish the daily to-do list. Among a list of tasks performance marketing company Performics provided US smartphone and tablet users in October, the No. 1 activity people said they expected to be able to do on their mobile device was banking. The expectation of mobile banking functionality was more common across...
Thursday, 17 January 2013
Research and Markets: Mobile Banking for U.S. Corporate Customers: Catching on Slowly"Mobile banking among consumers is a "done deal" with wide acceptance. However, Mercator Advisory Group's new report, Mobile Banking for U.S. Corporate Customers: Catching On Slowly, finds both banks and commercial enterprises a bit cautious about unleashing mobile banking for corporate transactions. Many corporate treasury personnel already have mobile devices (of myriad different kinds) and desire to mobilize their work lives as they have their personal lives....
Wednesday, 16 January 2013
Filling the Gap: Mobile Banking in the Developing World"In many parts of India and the Philippines, women hide the little money they save under mattresses or in various places throughout the house. That means it’s difficult if not impossible for them to say no when a relative or friend comes looking to “borrow” money. (Plus, the money is not secure or accruing interest). Because banks are often scarce and difficult to access for many people in Asia, a savings account isn’t an option for most, says Julie Peachey, program manager of the microsavings...
Tuesday, 15 January 2013
Beyond Mobile Banking: Building New Consumer Apps"Should banks and credit unions be building fun and engaging mobile apps that go beyond basic banking functions? Or should they just stick to what they know? And what kind of apps do consumers expect from retail financial institutions?"EVEN THE BEST MOBILE BANKING STRATEGY CAN BE A VICTIM OF POOR EXECUTION"My latest research on Building Next Generation Mobile Banking Solutions has been published for a few days now. I’ve already gotten phone calls from clients stating this research is not only timely,...
Sunday, 13 January 2013
Retail Banking Predictions & Trends For 2013"While The Financial Brand refrains from making any kind of annual forecast of trends in retail banking, there’s no shortage of experts weighing in with their predictions and resolutions for next year. What are some of the major themes that will dominate 2013? Here’s what they have to say."Mobile Banking: Bigger Than I Thought…"An early adopter of my bank’s mobile app, I have to admit that I really am not what you would consider a ‘power user’. While I enjoy the convenience of checking account balances...
Thursday, 10 January 2013
Vietnam prepares for mobile banking push"Vietnamese payment switch operator Smartlink has called in Singaporean vendor Tagit to help it build a mobile banking service. Tagit says that its Mobeix platform will be available to over 40 million card holders belonging to Smartlink's more than 50 member banks."Asian corporates slow to adopt mobile banking despite consumer success"The use of mobile phones to access account information has been gaining some level of popularity among retail consumers. Yet, despite the plausibility of scenarios drawn up...
Tuesday, 8 January 2013
WILL MOBILE BANKING OVERTAKE ATMS IN 2013?"More customers could deal with their bank via smartphone or tablet application than via the ATM network by the end of 2013, if the current adoption rate of mobile apps continues, according to one of St George Bank’s top technology executives. Speaking as the bank launched upgrades to its growing fleet of mobile apps, St George’s head of mobile, Travis Tyler, said once successful tap-and-go smartphone payment trials underway across the Westpac group are opened up to all customers, he believes mobile will...
Sunday, 6 January 2013
Wells Fargo, Ally Bank See the Camera as Key to Mobile Banking"A revolutionary as mobile banking has been, it's the camera that resides within smartphones that's lighting the fire underneath adoption drives at banks such as Wells Fargo (WFC) and Ally Bank. 'The camera is critical. If you look at the kinds of growth in mobile banking over the first couple of years, it was about the basics of mobile banking. But what's really exciting me and my team for the next couple of years is figuring out how to take advantage of the ability of the mobile device,'...
Thursday, 3 January 2013
Mobile Banking's Future to Include Voice Recognition, Wells Fargo's Ellis Says"Steve Ellis will never forget the day it dawned on him that people would want to bank on their phones. "I was walking in San Francisco, I was on my BlackBerry and I walked in front of a bus," recalls Ellis, who is executive vice president and group head of the Wells Fargo Wholesale Services Group, which includes the Enterprise Payments Strategy, Technology Services, and Treasury Management groups, along with commercial loan services, customer analytics, marketing and...
Wednesday, 2 January 2013
Intuit Survey: Mobile Banking Is Pathway to Profits"Think digital banking is only for Gen Y and younger? Think again, think older. Much older. That is the sharp message contained in a new report from Intuit on the ongoing digital banking revolution. The other key finding: mobile banking is a pathway to profitability. An ongoing temperature reading of digital banking habits, the Intuit report is filed quarterly by the Mountain View, Calif.-based financial software company. It is filed with factoids, such as this: 'people who bank online and via...
Tuesday, 1 January 2013
Tagit, Smartlink launch mobile banking service in Vietnam"Singapore-based mobile technology company Tagit in collaboration with Vietnamese payment switch operator Smartlink has introduced aggregated mobile banking service, which will benefit 51 banks in Vietnam and millions of mobile users. The partnership is expected to provide new growth opportunities for the mobile payments ecosystem. More than 40 million domestic bankcard holders and 120 million mobile users will be benefited when Smartlink jointly will implement mobile services with its member...
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