Mobile Banking Updates - Feb 13

Banks Launch Integrated Mobile Banking Solution from First Data
"American Bank of Texas, Marble Falls, Texas, and Waggoner National Bank, Vernon, Texas, have launched First Data’s Mobile Manager – mBanking solution. The offering is now available to their Internet banking customers following a successful internal pilot period. First Data Corporation is a global leader in electronic commerce and payment processing.

With the First Data Mobile Manager – mBanking solution, financial institutions can rapidly implement mobile banking with robust functionality. This solution integrates seamlessly with First Data’s FundsXpress online banking platform, enabling a consistent experience with the same capabilities as online banking on a mobile device, and only one set of logon credentials to manage.

First Data offers the Mobile Manager – mBanking solution as a fully hosted and integrated service. This results in substantially lower costs for a financial institution than developing a solution in-house. Since launching Mobile Manager – mBanking at the beginning of 2011, First Data has signed 60 financial institutions for the service."

Tablets will change banking forever: analyst
"Led by Apple’s iPad, tablet computing is on an obvious growth trajectory, but how should banks and other financial institutions act on this trend? Tablets are already contributing to financial services channel delivery, both inside the branch network and as a viable self-service channel on its own, according to research and consulting firm Celent."

New Mobile Banking App Launched in Volunteer State
"First Tennessee Bank, with 180 branches in and around Tennessee, says the launch of its updated mobile banking app coincides nicely with the introduction of the Verizon iPhone. The app includes a new mobile pay feature for iPhones and other smartphones."

For Mobile Deposit, Banks Choose Speed-to-Market Over Simplicity
"Two apps are better than one — at least for now — when it comes to launching mobile check deposit services, some banks say. Smaller banks are seeking to capitalize on the attention bigger ones like JPMorgan Chase & Co. and USAA Federal Savings Bank have generated for mobile deposit, but to get the function out in a timely way, they are finding, an integrated experience may not be possible. Adding the capability to an existing mobile banking app that lets a customer check balances and pay bills can involve months of integration work, even if the services are all coming from the same vendor. The complexity is prompting some banks to release a separate app solely for remote deposit capture.