Report:Juniper Research Predicts Increase in Popularity of Mobile Banking
"In an in depth study conducted by it, Juniper Research (News - Alert) has found that mobile banking has become more popular with mobile subscribers. According to a study, the number of mobile users using mobile banking was expected to exceed 400 million globally by the year 2013. The results of Juniper's detailed Mobile Banking Technology Strategies Survey showed that banks were increasing services by using SMS and relying more and more on Web apps to provide additional channel choices for their customers."
One-Fifth Of Android Apps Said To Pose Security Risks
"Everyone would do well to show a little caution when browsing the Android Market, according to a new report. SMobile Systems - which specializes in security issues pertaining to mobile phones and the wireless infrastructure - believes 20 percent of the available applications allow third parties access to info better left unshared."
An Overview of Mobile Payments and Their Regulation
"Mobile phones today perform more like handheld computers. Mobile phones now are poised to function as payment devices, allowing users to pay for goods and services and transfer funds. By 2012, an estimated 190 million people will use their phones to conduct mobile payments, or m-payments.1 The end game is a world where consumers no longer carry a wallet: instead, all cards, including credit, debit, gift and membership cards, are stored on mobile phones."
Compass Plus Launches TranzWare Mobile Banking
"Compass Plus, an international provider of electronic funds transfer (EFT) and retail banking technology to financial institutions, today announced the release of its enhanced TranzWare Mobile Banking product to enable its clients to provide an end-to-end mobile banking solution to a broader range of consumers.
TranzWare Mobile Banking enables banks and credit unions to expand the convenience of online banking to consumers’ mobile devices, providing access to Internet banking features such as details and statements for multiple accounts; management of debit and credit cards; bill pay functionality; person-to-person payments; and the ordering of the institution’s products and services. The platform can be accessed by any smart phone user.
New text banking service launched for Citibank customers
"A new service that delivers account updates on demand is now available to Citibank and credit card customers in the US under the name Citi Text Banking. Citi Text Banking represents the newest addition to company’s award-winning US mobile banking platform, Citi Mobile(SM). Citi Mobile includes a downloadable app for iPhone devices and a mobile version of citi.com that customers can access from their smartphones' browser."
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