Mobile Banking Updates - Nov 30th

PayPal Passcode Sent by Text Message
"PayPal Inc. announced the introduction Monday of PayPal SMS Security Key, which transmits a passcode to customers' mobile phones using the short message service for text when they log on to the payment service's Web site."

Are You Ready for Mobile Banking (Again)?
"Mobile banking can be viewed as a hook for customer acquisition, but takedown shouldn't be relied on for customer retention. This tool of convenience can complement an institution's existing offerings, but before joining the mobile banking bandwagon, evaluate whether it's right for your processes, personnel and customers."

Regions Mobile Banking Service Available for US Users
"Regions Financial Corporation has announced the Regions Mobile Banking, which can be accessed by wireless customers of AT&T, Verizon Wireless, Cellular South and Alltel Wireless."

ClairMail Hits 12 Transactions per Month Milestone
ClairMail, a vendor of mobile phone-based customer interaction products, reportedly has announced that its so-called “ClairMail System” has reached “millions of monthly mobile banking transactions” and increased growth, with more than 12 mobile banking transactions conducted every month per consumer."

ClairMail Chosen by PNC to Enhance Mobile Banking Services
"ClairMail, Inc., the leader in 2-way mobile phone-based customer interaction, today announced that PNC Financial Services Group, Inc. expanded its mobile banking services by integrating ClairMail's comprehensive mobile banking solution."

Sybase CEO sees mobile commerce as future
"John Chen, chairman, CEO and president of Sybase, has led a dramatic turnaround for the Dublin company by focusing it on infrastructure software that helps companies go mobile. Now a leader in mobile middleware, device management, messaging and mobile databases, Sybase topped $1 billion in revenue last year and is on pace for a record 2008."

Jack Henry & Associates Announces 103rd Mobile Banking Customer
"Jack Henry & Associates, Inc., a leading provider of integrated technology solutions and data processing services for financial institutions, today announced goDough, its state-of-the-art mobile banking solution, has been adopted by 103 of its core financial institution clients."

Diebold offers mobile banking through strategic alliance with ClairMail
"Diebold, a provider of self-service delivery and security systems and services, has announced that it is providing ClairMail's two-way mobile platform, as an integral part of its total outsourcing strategy, through a strategic alliance with ClairMail."

Mobile Finance: Indigenous, Ingenious or Both?
"In Ghana, it's popularly known as susu. In Cameroon, tontines or chilembe. And in South Africa, stokfel. Today, you'd most likely call it plain-old microfinance, the nearest term we have for it. Age-old indigenous credit schemes have run perfectly well without much outside intervention for generations. Although, in our excitement to implement new technologies and solutions, we sometimes fail to recognize them. Innovations such as mobile banking -- great as they may be -- are hailed as revolutionary without much consideration for what may have come before or who the original innovators may have been."

Txt Me: SMS Gains Mobile Bank Traction
"Most mobile banking services use browsers and specialized software available for high-end phones, but several financial companies are turning their attention to the basic text message. Advocates of texting say that this simple format can help banks reach almost any customer with a mobile phone, and that their immediacy makes texts well suited for alerts that can prompt a quick response."