Consumers Continue Switch to Online Banking
"Although the mobile banking channel is gaining popularity, it was deemed the least trustworthy. Only about 25% of US consumers and 22% in Canada said they trusted the security of mobile transactions. These concerns limited mobile banking adoption, with less than 2% of North American bank customers using mobile phones as a primary channel to conduct routine banking activities."
Cell Me the Money: Unlocking the Value in the Mobile Payment Ecosystem
"A new Deloitte Research study, Cell me the money: Unlocking the value in the mobile payment ecosystem, examines the challenges and benefits of mobile commerce in the United States."
Investing in Mobile
"'Mobile and banking fit together like chocolate and peanut butter,' says Jim Pitts, project manager of the Financial Services Technology Consortium, the technology solutions division within The Financial Services Roundtable. In 2011, mobile will be the focus, but that focus won't hinder investments in cross-channel integration. In fact, Pitts says mobile innovations will serve as catalysts for infrastructure changes -- changes that lead to more integrated channels across the enterprise."
An Extensive Guide to Mobile Finance: Banking Apps
"As part of a 3-part series MyBankTracker brings you an overview of various mobile apps that help to improve banking, credit card management and personal finance. The growing trend of mobile finance has led to the emergence of loads of brand new technology, which we have covered extensively over the past few months. Here is a guide through some of the important apps to help optimize your banking."
PBS: Mobile Banking Could Be Global Health Tool
"In countries where access to traditional banking services is limited, more and more people are utilizing cell phones to send money to family members, pay bills or keep track of savings. Leading the mobile finance charge is Kenya's M-Pesa system, the largest mobile phone banking platform in the world. It has exploded in popularity over the last decade and now serves more than 13 million active customers. With mobile banking systems on the rise, health experts are hoping to capitalize on the budding technology to make health services more accessible as well."
FSCC and CU Wireless Make Text Banking Affordable for All
"FSCC (Financial Service Centers Cooperative, Inc.), the nation's largest and most convenient shared branching network with over 6,500 network locations, along with CU Wireless, a credit union service organization of MaPS Credit Union based in Salem, OR, announced today the release of MyCUAnywhere, offering mobile text banking capability to members of all CU Service Centers affiliated credit unions. The latest in the family line of MyCU services, MyCUAnywhere uses secure, SMS/text banking technology to access account information including balances, transaction history, loan status and funds transfer."
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