Mobile Banking Updates - Dec 5

Top Ten Wireless Predictions for 2011
"As 2010 draws to a close Juniper Research has drawn up a list of predictions for the coming year, all neatly wrapped up as the top trends for the mobile and wireless industry for 2011. A free report detailing the findings is available to download from the Juniper website today."

PSCU Offers Write-ups on Mobile, Online, Call Centers
"PSCU Financial Services is offering two new white papers on call centers and online and mobile banking services for credit unions."
Click here - The Rise of Mobile Banking

Majority of top banks offering mobile banking
"Good news for tech-savvy checking account holders on the go: More banks are offering mobile banking services than ever before. A recent report by market research firm First Annapolis found that 54 percent of the top 100 financial institutions in the country surveyed offered some form of mobile banking.

Nearly 40 percent now offer banking services over the mobile Web, accessible to smart phones such as Apple's iPhone. Banking by text message is also a popular option among banks; 32 percent offer banking services and/or alerts by text messages. Another 32 percent offer apps for smart phones, with the iPhone App Store getting apps from 28 percent of financial institutions. Other smart phone platforms such as Blackberry and Android were less likely to get banking apps."

Are Mobile Payments Primed for Exponential Growth?
"In the developing world, those with cell phones outnumber those with bank accounts. And, as The New York Times reports, global usage of mobile-based banking is on the rise domestically, as well."

Noted & Noteworthy
"SunTrust Bank in Atlanta has a prominent mobile banking application. It works on hundreds of handsets-including the Apple iPhone-and is accessible to SunTrust customers on five wireless carriers.

But on SunTrust's Web site, you'd be hard pressed to find any clue such a mobile option exists. No mention of mobile banking exists on SunTrust's home page or a main portal for personal banking. It's only after clicking through to a page touting online banking will a SunTrust user find a link explaining how to sign up for mobile services."

FIS Enables Mobile Financial Services for U.S. Bank Prepaid Cardholders
"FIS, one of the world's largest providers of banking and payments technology, today announced that U.S. Bank is using FIS' mobile platform to launch mobile financial services for the U.S. Bank AccelaPay(R) Visa prepaid card program. Through this innovative combination, AccelaPay cardholders can use their mobile phones, including BlackBerrys and iPhones, to check their account balance, pay bills, receive account alerts and view mini-statements."