"Brandon McGee, Industry Insider, Mobile Banking Guru...He is not only the real deal, a genuine industry insider, but also knows exactly what's on the minds of financial service pros as they contemplate the various mobile options." - Jim Bruene, Publisher & Founder, Online Financial Innovations

"Going Mobile. Local executive carves niche as national expert on fast-growing banking-industry technology trend" - Scott Olson, Indianapolis Business Journal (IBJ)

"Brandon McGee, the industry's unofficial ambassador for mobile banking" 

Wednesday, June 11, 2008

Mobile Banking Week of 6/9

It has been an extraordinarily busy week for mobile banking. Here are the highlights:

Bank of America Reaches One Million Active Mobile Banking Customers

"Bank of America, the nation's leading provider of Online and Mobile Banking services, today announced that it has surpassed one million unique active Mobile Banking customers."

Put Your Bank in Apple's iPhone 3G App Store
"I've written about how the iPhone could change the way consumers use mobile phones to access data (see note 1). But this slide from the Steve Jobs keynote yesterday at Apple's Worldwide Developers Conference (WWDC), says it much better..." Jim Bruene (NetBanker)

Unisys Reveals Consumers Don’t Trust Mobile Banking

"The research also revealed that 59% of the respondents don’t trust their mobile devices to provide a secure transaction. Only 9% currently use these devices to conduct transactions involving credit-card payments, money transfers and deposits."

Mobile commercial banking improvements by Wells Fargo

"Wire transfer services and image positive pay were added to CEO Mobile(SM) service, mobile-optimized version of Wells Fargo’s award-winning Commercial Electronic Office(R) portal."

Mobile Banking - Threats and Mitigation

"In this article, I’ll be explaining the threats observed and an ideal process to overcome these threats. The explanation would be based on the information exchange for the architecture discussed in my previous article. Each phase has the threats mentioned and a secure process to ensure these threats are mitigated."

Security Fears Remain a High Hurdle for New Payments Technologies

"Bruce Cundiff, senior analyst at Javelin Strategy & Research and moderator of a conference panel, cited a September 2007 Javelin study in which consumers who indicated they were unlikely to use contactless cards were asked to pick up to three listed reasons to explain why."

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