Exponential growth in US mobile banking activities reported
"The report refers to the comparison between two consumer research assignments conducted in May 2008 and June 2009. With two report one year apart, it is possible to draw some conclusions on changes in behaviour. The report concludes (amongst others) "exponential growth seen among the younger generations" in using their mobile for banking and also payments."
Obopay Turns Mobile Phones into Banks
"Computer scientist Carol Realini was planning to take early retirement after Chordiant Software (CHRD), a customer-relationship management software company she chaired, went public in 2000. Relishing her newfound freedom, Realini went on a social-action mission to Africa. The experience was eye opening, to say the least: In the Democratic Republic of Congo (formerly Zaire), she saw people haul sacks of devalued currency to local vendors to buy scratch cards that would provide a few minutes' calling time on their mobile phones."
World Economic Forum honors Obopay as 2010 Technology Pioneer!
"Obopay is one of 26 companies from around the world to be honored with this prestigious award. In addition, Obopay is one of only 11 companies in the Information Technologies, Telecommunications and New Media category and is the only financial services provider receiving the award."
USAA Cited for Pioneering Mobile Banking Applications
"American Banker, the leading information resource serving the banking and financial services community, has named USAA CEO Joe Robles as its 2009 "Innovator of the Year." The announcement was made today in the publication's 2009 Banker of the Year Awards issue. While many technological innovations come from India, China or Silicon Valley, this year's top banking innovation was created in a lab in San Antonio."
ClairMail Partners With Mitek Systems to Deliver Integrated Mobile Deposit Capability for Bank Customers
"ClairMail, Inc., the leader in mobile banking and payment solutions, today announced a strategic partnership with Mitek Systems, Inc. (OTCBB: MITK), an innovator of image analytics and mobile document capture applications. ClairMail will integrate Mitek's Mobile Deposit® application into its own mobile banking and payments platform, which powers the mobile banking services of many of the nation's top financial institutions. With Mobile Deposit incorporated into the ClairMail platform, financial institutions will have the ability to provide consumers faster availability to funds and an extra level of convenience."
Citi's Mobile Picture to Get Sharper
"After years of evaluating a wide range of mobile banking applications separately, Citigroup Inc. is starting to link the pieces together. Citi has teamed up with at least five technology partners to figure out what banking services people really want to access with their mobile phones, and how to make it happen. Marylou Dowd, a senior vice president with Citi Mobile, said the massive company's separate divisions have been operating on their own, forging their own vendor relationships to develop different mobile tools. But in recent months Citi has tried to consolidate its efforts, culminating this summer in a reorganization of its Internet and mobile groups."
Shopping by Mobile Phone Picks Up on Black Friday
"This year may go down as the period that shopping by mobile phone during the holidays came into its own. Black Friday saw greater use of mobile phones by consumers to zero in on and make purchases, industry data reviewed by Dow Jones show. From a very small base last year, mobile online payments through PayPal surged nearly 650%."
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