Mobile Banking: American Express and Chase offer receipt management"The task of organizing receipts for business expenses can be overwhelming and time-consuming endeavor. American Express and Chase have found a way to make this task easier for small business owners who may need to organize receipts for bookkeeping or tax purposes, by allowing them to manage their receipts online and on-the-go."Banking Consultant Nuciforo: Google Is 'Biggest Threat' to Banking Industry"Google is threatening to disrupt the banking industry in a big way. Its products,...
Friday, 31 May 2013
Thursday, 30 May 2013
Mobile banking on USSD likely to get delayed"Full-scale mobile banking services over the Unstructured Supplementary Service Data (USSD) platform, a text message-based interactive backbone could hit a roadblock with both GSM and CDMA operators at loggerheads with the National Payments Corporation of India (NPCI) on the revenue-sharing model."Bank Muscat’s mBanking wins best mobile payment app in ME award"Bank Muscat, the flagship financial services provider in the Sultanate, has won the ‘Best Mobile Payment Application in the Middle East’ award...
Wednesday, 29 May 2013
Director of Cybersecurity Clay Calvert on Mobile Banking Apps"MetroStar Systems Director of Cybersecurity Clay Calvert was recently interviewed by Medill News about mobile banking security. They were interested in the risks involved with mobile banking technology and whether it should be viewed as secure. In an article by Matt Higgins released on May 16, 2013, Clay was provided his insight."Mashreq believes Smart Phones need Smart Banking with the launch of Snapp Mobile Banking"Mashreq plans to tap the rising demand for banking services by mobile...
Monday, 27 May 2013
Consumers Assume Mobile Banking Bill Pay Is Fast, But It Isn’t"In an effort to generate fee revenue, some banks and credit unions have begun offering expedited bill payment through their online bill pay platform. Auditing a sample of institutions that offered expedited bill payment revealed that none extend this feature to their mobile banking platform. Why not? Wouldn’t you think that when someone pays a bill with their mobile phone, they probably require, expect, or assume the payment to be expedited?"Reston firm turns to decades-old technology...
Thursday, 23 May 2013
The Next Wave of Mobile Banking"In the U.S market today, retail banks offer a standardized mobile banking application. They enable their customers to monitor expenses, transfer funds and pay bills. This provides the convenience and ease of banking for the “on the go” customer. In general, mobile banking is an expanding market and has changed the way customers manage their funds. However, it is arguable that the user experience of each of the retail banks applications is similar. The application allows the end user to view their account balance,...
Wednesday, 22 May 2013
Android's Mobile Dominance Fails to Simplify Bank App Development"Google's Android mobile operating system has grown its market share lead, according to new data from Gartner. Indeed, the research firm says the platform accounts for 74.4% of smartphone units sold worldwide during the first quarter of 2013. Furthermore, Gartner found there are almost 50% more Android smartphones in the market than a year ago."Chase Tops Keynote's Mobile Banking Ranking a Third Time"JPMorgan Chase has yet again won a ranking of mobile banking apps. In this one, Keynote's...
Tuesday, 21 May 2013
Mobile Expert Series Mark Crofton"Cognizant SMAC Analyst Kevin Benedict interviews SAP's Mark Crofton at SAPPHIRE NOW 2013 on the mobile solution and mobile banking market in Latin America."RBC, Bell Mobility add to payments rivalry"Canadian bank RBC and Bell Mobility, the country’s second largest mobile operator, are to launch a service that further heats up competition in the country’s payments market. RBC’s mobile banking customers will be able...
Sunday, 19 May 2013
EyeVerify Rolls Out Authentication Service for Mobile Banking"EyeVerify, a maker of identity management software for mobile banking, is rolling out its service to the financial industry. The Kansas City-based company said Monday that banks, payments providers and other businesses can use its EyePrint system to secure accounts, authenticate transactions and restrict access to systems. EyePrint renders the optical equivalent of a fingerprint by matching blood vessels in the whites of people's eyes to verify their identity automatically."Mobile Banking...
Thursday, 16 May 2013
Mobile Banking Revolution (Infographic)"It’s no secret that mobile banking has taken off in recent years and continues to grow by leaps and bounds. To help illustrate just how much mobile banking is growing FICO pulled together an infographic with some impressive mobile stats. For example, did you know that by 2017 an estimated 1 billion people will be using mobile banking? Read on to learn more about the mobile revolution."Mobile banking expected...
Wednesday, 15 May 2013
The Debate Around Responsive Design in Mobile Banking"Responsive web design — a method of designing and developing websites such that they display well on a range of devices — is a seductive concept, especially for banks that struggle to maintain mobile banking apps for iOS, Android, BlackBerry and Windows devices. The ideal is the company has one set of code, one product to manage and it's set, no matter what smartphones and tablets customers are using. The reality is not so simple, and a debate is going on in the industry around how useful responsive...
Tuesday, 14 May 2013
Mobile banking apps to be tried on Everest"Mountaineers Horacio Galanti and Horacio Cunietti have commenced a unique Himalayan expedition to summit Everest to mark the 60th anniversary of its first ascent. The expedition will also push the boundaries of mobile technology in extreme environments and help in the recovery of debris left behind on the world’s highest peak. While on their expedition, the duo are expected to subject Standard Chartered’s Breeze mobile banking apps to the rigors of some of the most challenging environments known by attempting...
Sunday, 12 May 2013
Study: mobile banking apps key to bank loyalty"Add mobile banking to ATMs as a major channel for cultivating bank customer loyalty. According to a study from Yodlee Interactive, a developer of financial mobile apps, one-third of those who use mobile banking name it as a reason why they stay with their bank."DeMarrais: FDIC tips for safe mobile banking"When's the last time you went into a bank? For many of us, trips to a local bank were once near the top of our weekly to-do list, but technology has changed that dramatically, allowing us to do most...
Thursday, 9 May 2013
Infographic: Mobile Banking Critical to Customer Loyalty"The findings of new study conducted online by Harris Interactive on behalf of Yodlee Interactive shows that banking convenience “dominates” all options amongst reasons to stay with banks. With the convenience of online and mobile banking, more customers are utilizing these services, while banks are responding by reducing the number of physical branches."Banking by Voice Gets Test From U.S....
Wednesday, 8 May 2013
Online and mobile banking: your rights when something goes wrong"Nationwide customers were left without access to some banking services twice last week due to IT failures. Online and mobile banking was unavailable for several hours and angry customers took to social media sites to vent their frustrations. But Nationwide isn't the only provider to have been plagued by technical faults. Last year thousands of RBS customers were completely cut off from their bank accounts for several days."Two million Kiwis now using online banking"More than two million...
Tuesday, 7 May 2013
Convenience No. 1 Factor In Customer Loyalty for Banks, Study Finds"Customers want convenience more than any other attribute from their banking experience, according to a new online survey by Harris Interactive for Yodlee Interactive, an online banking solutions provider. The survey of 2,219 banking customers found that 63% of those surveyed said they stay with their current because of convenience. Customer service and low fees ranked next behind convenience, with 48% and 42% of the vote, respectively. And 33% of the respondents who use mobile...
Sunday, 5 May 2013
Wells Fargo puts mobile banking at center of new marketing campaign"Wells Fargo has launched a multichannel marketing campaign that aims to educate consumers on the benefits of mobile banking. The Wells Fargo “Done” campaign includes television, online and mobile components and highlights multiple areas of the financial service’s mobile banking features, such as mobile deposit and transfers. The campaign is meant to show how mobile banking is a natural extension of what consumers already do on their mobile devices."Mobile banking spurs growth at...
Thursday, 2 May 2013
U.S. Bank Testing Mobile App Voice Commands"U.S. Bancorp has developed voice recognition software that will let customers handle banking tasks by speaking commands into their mobile device. 'I could ask, 'What is my balance?'' and listen to the answer, says Dominic Venturo, chief innovation officer for retail payments solutions at U.S. Bank. U.S. Bank developed the new voice app with Nuance, which sells mobile voice recognition software called "Nina." U.S. Bank's app understands spoken requests for information on annual percentage rates, cash...
Wednesday, 1 May 2013
Mobile Banking Outpaces Traditional Banking in Kenya"Kenya’s mobile networks last year collectively held more in deposits than the country’s largest bank. The telecoms regulator CCK reported the mobile networks held Sh226 billion ($2.70 billion) in deposits at the end of last year while the largest commercial bank held Sh223 billion ($2.66 billion). The report said the number of mobile money transfer subscribers grew to 21.1 million from 19.3 million in the previous period, a growth of 9.4 percent."Absa banking app sees impressive uptake"Absa‘s...
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