Banking Malware Dominates New Mobile Security Threats: McAfee"Banking malware and "backdoor" Trojans, which steal data from a computer without the victim realizing it, were the most popular mobile threats unleashed during the second quarter, according to a report released this week by McAfee Labs. The company found more than 17,000 new strains of malware targeting Android devices during the three-month period — a 35% growth rate, higher than any the company has seen since 2010. All told, McAfee now counts 147 million types of malware in its database."Mobile...
Thursday, 29 August 2013
Wednesday, 28 August 2013
Mobile Banking Updates - Aug 28
Posted on 19:17 by Unknown
Payment innovations: Are you in?"Like most banks, Home Federal Savings Bank, a $1 billion-assets institution in Sioux Falls, S.D., is wary of nonbank competitors in payments. Says Natalie Sundvold, senior vice-president, service and support, “From my seat in a financial services company, the thought of an outsider coming into payments is frightening. It doesn’t feel good, especially because consumers may not understand how payment security works.” When evaluating payments players and planning their own strategy, banks would be wise to keep the...
Posted in Ameriana Bank, Brandon McGee, Microfinance, Mobile banking, mobile banking adoption, mobile payments, NFC, P2P, ROI
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Tuesday, 27 August 2013
International Mobile Banking Updates - Aug 27
Posted on 18:03 by Unknown
Consider Kenya’s Mobile Banking Model, CBN Told"In order for mobile banking services to achieve a higher success rate in Nigeria, the Central Bank of Nigeria (CBN) has been advised to consider the Kenyan model. A report, which gave this recommendation, pointed out that Kenya’s mobile banking model seems to have defeated the vast difficulties associated with the cashless transaction platforms, saying that if employed by the CBN, this form of money transfer would cause the cashless policy to reach an unprecedented percentage of the unbanked population."Mahindra...
Posted in Airtel, Banco de Venezuela, Brandon McGee, CIBC, ING Direct Australia, Kenya, Mahindra Comviva, Mobile banking, SinoPac, Standard Bank, UK
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Sunday, 25 August 2013
Mobile Banking Updates - Aug 25
Posted on 19:48 by Unknown
Mobile Banking Continued Steady Growth in July"Consumers' use of mobile banking apps continued to grow at roughly the same rate in July as the previous month, resulting in a reading for American Banker's Mobile Banking Intensity Index of 71.8. The biggest change during the month was in mobile check deposit: the index value for the average transaction value of checks deposited via mobile device dropped more than 10 points. However, check sizes are still growing, just not quite as much as they were in June. In July, 52% of bankers said the average...
Thursday, 22 August 2013
Mobile Banking Updates - Aug 22
Posted on 17:43 by Unknown
Gilt’s new chief operating officer ran mobile banking at Citibank"Gilt Groupe Inc., No. 54 in the Internet Retailer Top 500 Guide, has hired web banking executive and former Barnes & Noble Inc. vice president Tracey Weber as chief operating officer. Her responsibilities include Gilt City, which sells discounted tickets and services in several major cities, along with customer service, merchandise planning and other areas, including what the e-retailer calls “several new strategic initiatives.” She reports to CEO Michelle Peluso, who took over...
Wednesday, 21 August 2013
Mobile Banking Security - Aug 21
Posted on 16:41 by Unknown
Solution protects smartphones from mobile banking fraud"Easy Solutions released Detect Safe Browsing (DSB) version 4.0, allowing financial institutions to provide an additional layer of fraud prevention to end users by protecting against malware and other sophisticated threats such as, pharming, man-in-the-middle and man-in-the browser attacks. With DSB 4.0, Easy Solutions now extends this support to the two most popular mobile platforms: Android and iOS, ensuring that over 90% of mobile users can securely access their mobile banking accounts."Surge...
Tuesday, 20 August 2013
International Mobile Banking Updates - Aug 20
Posted on 18:35 by Unknown
Western Union expands mobile banking in Africa"Western Union is growing its mobile banking function in Africa, aiming to complement the 27,000 physical agent locations spread across 50 countries. The company’s main focus is now on expanding its digital transaction channels, a good example being integrating with additional mobile networks and increasing the use of prepaid cards when customers receive money."Cabinet directs on regulation of mobile money transactions"The Cabinet has directed the Ministry of Finance to amend the law regulating the...
Posted in Bank Millennium SA, branch, Brandon McGee, Canada, Dalhousie University, Mobile banking, Monitise, Netbiscuits, NFC, Poland, South Korea, UK, Western Union
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Sunday, 18 August 2013
Mobile Banking Updates - Aug 18
Posted on 20:18 by Unknown
Ten-Hut! Presenting Defense Mobile, a mobile carrier for U.S. soldiers"Anyone who has ever spent time in a military town knows there is a whole network of services, ranging from medical and dental care to banking and department stores, provided specifically for members of the U.S. Armed Forces. One of those services, however, isn’t mobile. That’s changing this coming Veterans Day. November 11, a company called Defense Mobile Corporation is launching a new mobile virtual network operator (MVNO), offering inexpensive mobile phone plans for active-duty...
Posted in ATM, BBVA, Brandon McGee, Cognizant, Mobile banking, mobile banking adoption, Monitise, Pew, US Armed Forces, value-added
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Thursday, 15 August 2013
Mobile Banking Updates - Aug 15
Posted on 18:27 by Unknown
BBCN Bank Experiences Strong Mobile Growth Through Malauzai Software SmartApp"Malauzai, a leading provider of mobile banking SmartApps for community financial institutions, announced that Los Angeles-based BBCN Bank has leveraged the company’s mobile banking solutions to meet the multi-lingual needs of its customer base."HID Global Fuels Adoption of Layered Authentication Solutions to Protect Online and Mobile Banking Transactions"HID Global, a worldwide leader in secure identity solutions, continues its drive to help financial institutions secure...
Posted in BBCN, Cognizant, First Niagara, Garner, HID Global, M and T, Malauzai, Monitise, RBS Citizens, USAA
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Wednesday, 14 August 2013
Mobile Banking Updates - Aug 14
Posted on 17:44 by Unknown
Aite Group says the race to deploy corporate mobile banking technology is on"Despite the initial slow speed of banks to deploy corporate mobile technology, the race has now started for the top 50 US banks to plan rollout of corporate mobile banking technologies in response to a significant rise in demand from their customer base. Technology rollouts over the next year are expected to generate revenue for their institutions, demonstrating a shift in bank mindset, according to a new Impact Note, Corporate Mobile: Gaining Momentum, from Aite Group."Redwood...
Tuesday, 13 August 2013
International Mobile Banking Updates - Aug 13
Posted on 17:20 by Unknown
Western Union Gets Into Nigeria's Mobile Money Game, Partnering With eTranzact"Banking systems are changing rapidly in the digital age, and nowhere is this clearer than in Africa, where the vast majority of people save, spend and exchange money without using any formal banking institution. For them, mobile phones can be a lifeline. Most Africans own one, and at least 55 million people -- and counting -- use a system called mobile money to manage their finances. Customers can pay bills, transfer money and withdraw or deposit funds using only their...
Sunday, 11 August 2013
Mobile Banking Updates - Aug 11
Posted on 15:16 by Unknown
Hope Credit Union rolls out Bluepoint mobile remote depost capture tech"Bluepoint Solutions today announced Jackson, Miss.-based Hope Credit Union (HOPE) has implemented its mobile remote deposit capture (RDC) solution QwikDeposit ToGo as part of the credit union's mobile banking app powered by Malauzai Software."Constant Access To Online Banking Solutions Driving Increased Uptake Of Mobile Platforms"ABI Research forecasts that cumulative online ID and authentication shipments into the banking market vertical will total 1.6 billion in 2018; an...
Thursday, 8 August 2013
Mobile Banking Updates - Aug 8
Posted on 16:05 by Unknown
Mobile Banking, Payment, Core Sales Drive Fiserv Profits"Fiserv shared solid results for the second quarter Tuesday night, including revenue of $1.1 billion and an 18% increase in adjusted earnings per share to $1.50. Revenue came from three main sources: mobile banking software and services, payment services and core banking software sales (the latter mainly through Fiserv's acquisition in Open Solutions earlier this year)."Podcast: Mobile Banking Threats"Kaspersky Lab expert Denis Maslennikov explains the vulnerabilities and possible threats...
Posted in Brandon McGee, FIS, Fiserv, Geezeo, Intuit, Kaspersky, Mobile banking, mobile payments, Q2, Sterling Bank, Thoma Bravo, Zapp
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Wednesday, 7 August 2013
Mobile Banking Updates - Aug 7
Posted on 17:52 by Unknown
Too Many Banks Still Treat Mobile Banking as an Afterthought"I have spent a fair amount of the past three years or so researching, writing about, consulting and presenting on mobile banking. I think about the channel a lot and instinctively look out for new developments in the space on news sites or when I attend conferences. As an advocate of mobile banking, I feel that I should be entirely sold on making it my channel of choice with my bank. But I'm not. At least, not yet."Segmented consumer experience key to mobile banking future - study"A...
Posted in Brandon McGee, Cognizant, loyalty, Mobile banking, mobile payments, SMAC, table stakes
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Tuesday, 6 August 2013
International Mobile Banking Updates - Aug 6
Posted on 20:38 by Unknown
More payments via mobile devices in 2015: report"Online payment transactions handled by Chinese mobile payment service providers will exceed 9 trillion yuan in 2015, according to an industry report published on Monday. In 2012, the country's mobile banking sector handled 800 billion yuan in online payment transactions, an increase of 265.3 percent from a year earlier, according to a report published by the Internet Society of China, Xinhua news agency reports."VIPERA PLC : Vipera – KPMG Commercial Partnership Agreement"Vipera announces today that...
Posted in ANZ, Bank of Kigali, Barclays, Brandon McGee, Canada, FNB, Mobile banking, mobile payments, mVisa, Santander, Vipera, Westpac
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Sunday, 4 August 2013
Mobile Banking Updates - Aug 4
Posted on 18:21 by Unknown
Americans Rate the Best and Worst U.S. Mobile Banking Apps in New Report From Xtreme Labs"Xtreme Labs, the leader in mobile strategy and product development, today released a new report on the best and worst mobile banking apps in the U.S. as rated by customers themselves. The U.S. Banking Apps Report: Customer Reviews by Xtreme Labs analyzed customer reviews from the Apple App Store and the Google Play Store between May 18 and June 25, 2013 for the top 53 U.S. banks (as ranked by total assets)."The Circuit: Innovating Incrementally in Mobile Banking"So...
Thursday, 1 August 2013
Mobile Banking Updates - Aug 1
Posted on 17:17 by Unknown
What Are the Best and Worst Mobile Banking Apps?"There’s something perversely satisfying about depositing a check in bed. While in a recumbent position, I’ve been known to whip out my iPhone, launch my bank’s app, snap a photo of the check’s back and front, type in the amount, and boom. My money wings its way into my account while I return to reading Entertainment Weekly on my iPad. Alas, not all mobile banking apps make it that easy. And a new report from Xtreme Labs, entitled the “U.S. Banking Apps Report: Customer Reviews,” shows that some banks...
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