Mobile Banking Updates - Oct 7

It has been a busy couple of days in the world of mobile banking...here are the headlines!

Visa Questions Phones as Payment Tools
"Mobile phones are more useful for providing details about payments than for initiating them at the point of sale, according to Visa Inc."

INSIDE Debuts MicroPass Contactless Stickers
"INSIDE Contactless, a leading provider of advanced, open-standard contactless chip technologies, today announced that samples of the first MicroPass® contactless prelam for use in mobile handset stickers for secure payments are now available for card manufacturers."

Maximizing Efficiency in Payments - Mobile Banking
Mustafa Patni of WaMu will be discussing, "The NACHA Operating Rules to accommodate payments that originate from the mobile channel and to identify any unique risk considerations, including authorization and authentication, to enable efficient and effective adoption in the ACH Network."

Awareness and Use of Mobile Banking Low, But Poised to Grow
"The use of cell phones to conduct banking activities such as balance inquiries, bill payment and funds transfers is still a relatively new capability for many banks. Not surprisingly, then, awareness and usage of mobile banking services are just beginning to build among banking customers."

Venture to Provide Mobile Transfers
"Monitise Americas, a joint venture of Monitise PLC and Metavante Technologies Inc., plans to start offering person-to-person transfer services through mobile phones next quarter."

Sybase 365 Exposes Top Myths Surrounding Mobile Banking
"Sybase 365, the global leader in mobile messaging services, exposed several myths surrounding mobile banking. The results of a recent survey (“Mobile Banking: The Second Wave. Global Mobile Banking Survey 2008”) commissioned by Sybase 365 showed that some 34% of banks offer mobile services to customers and an additional 32% plan to offer mobile services in the next 12-24 months."