The Rise of Mobile Banking
Bank of America's Mike Upton explains on-the-go financial services.
Regions Widens Mobile Banking Menu
"Regions Financial Corp. has updated its mobile banking capabilities to allow customers to transfer funds among internal accounts, pay bills and receive text alerts about balances and other details. The Birmingham, Ala., banking company said Wednesday that its online banking customers can use text banking as well as visit its mobile website, m.regions.com, or download an application for Apple Inc.'s iPhone."
Generating loyal customers through mobile banking
"Banks are now sitting up and taking notice of mobile banking - with an abundance of analyst reports in its favour, banks can no longer afford to put off the adoption of this channel. According to research from TowerGroup and Accenture published in early February, the introduction of mobile banking services can achieve an ROI of up to 300 percent for retail banks. This, coupled with Juniper Research's statistic that 400 million people worldwide will be engaged in mobile banking by 2013, makes for a compelling case for banks to invest in mobile."
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