Mobile Banking Updates - Nov 10

Smartphone apps popular but vulnerable
"Interest rates aside, the new battleground for Australia’s banks is mobile banking, with financial institutions falling over one another in the race to deliver new apps for different mobile computer platforms such as the iPad and smartphones. Speakers at the 5th Future of Banking and Financial Services conference, held in Sydney last week, repeatedly stressed the growing importance of mobile banking."

Citizens Financial Group Announces Launch of accessMOBILE, Landmark Mobile Banking Application for Business Customers
"Citizens Financial Group, Inc. today announced that it is launching accessMOBILE, a mobile banking application that for the first time empowers Citizens Bank and Charter One business customers to manage their cash and payments from a mobile device."

Redstone Federal Credit Union rolls out mobile banking service
"Redstone Federal Credit Union has rolled out their new “Mobile Banking” service. This is an SMS Text messaging service that will allow you to do things like check your balance and get previous transaction amounts. The only drawback to the previous transactions command is that it only lists dates and amounts, no point of sale description or information."

ING finds mobile branch-in-pocket builds brand engagement, customer loyalty
"An executive of banking giant ING Direct USA said that mobile helps its customers interact with the brand while on the go and supports its overall mission of saving consumers time and money. This summer ING Direct and its brokerage subsidiary ING ShareBuilder launched mobile applications available on various device platforms, including Google’s Android, Research In Motion’s BlackBerry and Apple’s iPhone, iPod touch and iPad."