"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" 

Sunday, December 14, 2008

Mobile Banking Updates - Dec 14

Mobile Asia Congress 2008: Hannes van Rensburg, CEO, Fundamo

Crossover Hit: Small-Biz Goes Mobile
"Seeking new markets for mobile banking services, financial companies are turning their attention to small-business customers. Though these are similar to the services that many banks now offer consumers, early movers in the mobile business say they have added features geared specifically to the needs of commercial customers, notably the ability to authorize transfers and payments and to receive a variety of account alerts."

NFC No Answer for Mobile Payments, But Alternatives Offer Promise, According to ABI Research
"Once, NFC (Near Field Communication) was the leading contender among technologies that could enable mobile payments. But NFC has developed more slowly than anticipated, and will not offer viable large-scale mobile payment solutions for at least six years."

Wells Fargo Online Banking iPhone App
"Online banking has been popular since the late 1990s, but it might be about to change. The Wells Fargo Online Banking iPhone app might change online banking forever."

Mobile Banking with VNCTY.
"So I'm excited to say that Vancity has launched Mobile Banking to our Online Banking members. It's pretty simple SMS banking where you register your cell number within Online Banking and then when you text to the shortcode VNCTY you get your balance or last five transactions."

Banks Should Consider Mobile, But Keep it Simple
"U.S. banks are right to embrace mobile, but they’ll need to keep it simple. Access through this channel will deliver banks closer ties to a new generation of customers who are typically eschewing a stagnant screen for their smartphone to do work and get information."

Kenyans embrace moving money by text message

"To pick up money sent by her husband, who works at a remote Kenyan hospital, Rosalyn Khanyaha used to have to take an hourlong bus ride to the nearest city with a money-wiring office, or risk the cash being sent by bus."

Mobile banking set for rapid uptake - Monitise
"Mobile banking is set to achieve the fastest rate of mass-market penetration in recent history, even outpacing items such as credit cards, online banking or ATMs. This is according to recent research published by the Future Foundation, a consumer-forecasting consultancy and Monitise plc (Monitise), the mobile money specialists."

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