"Brandon McGee, Industry Insider, Mobile Banking Guru...He is not only the real deal, a genuine industry insider, but also knows exactly what's on the minds of financial service pros as they contemplate the various mobile options." - Jim Bruene, Publisher & Founder, Online Financial Innovations

"Going Mobile. Local executive carves niche as national expert on fast-growing banking-industry technology trend" - Scott Olson, Indianapolis Business Journal (IBJ)

"Brandon McGee, the industry's unofficial ambassador for mobile banking" 

Monday, August 29, 2011

Mobile Banking Updates - Aug 29

Forrester Reports Surge in Mobile Banking Among Canadian Consumers
"Mobile banking adoption in Canada jumped by 8% in two years, according to a new report from Forrester Research. The firm cited the percentage of Canadian consumers who use online banking as 1 in 2008 and 9 in 2010, based on surveys with more than 5,000 online Canadian adults.

Use of mobile phones for investment and insurance activities remains rare in Canada; fewer than 5% of online Canadians who have an investment account report mobile investing and insurers and brokerages offer few mobile options, Forrester found. However, Forrester said based on past American and European mobile trends, Canada should soon see an increased use of mobile services for investing, trading, insurance and payments."

Don't Send Your Third Party Checks To Schwab Bank
"Overall, customers seem pretty happy with checking accounts from Charles Schwab Bank: especially the part where you can deposit checks by mobile phone and have your ATM fees refunded. Dan came across a situation where online-only banking is not superior, though: when you need to deposit a third-party check. That is, a check made out to someone else, but endorsed over to the account holder."

BNZ mobile apps flying off the shelves
"BNZ’s newly launched suite of mobile banking applications exceeded the Bank’s expectations with the service being accessed over 122,000 times and more than $27 million worth of transactions and bill payments made in just 8 weeks.

BNZ’s mobile banking service launched on June 30 with an iPhone app and mobile banking website, followed five weeks later by New Zealand’s first dedicated Android app for mobile banking. During this time these two applications have been downloaded more than 22,000 times by Kiwis eager to get their banking done on the go."

Path Solutions launches new Mobile Banking solution
"Multi-award winning software provider Path Solutions announced yesterday that it has launched iMAL*2Mobile, a new Mobile Banking solution that allows financial institutions to better respond to the growing and evolving customer demand for mobile-based capabilities using smart phones.

iMAL*2Mobile is a multi-channel mobile solution for customers to conduct banking transactions via Mobile Web browsers, but it also allows quick access to their account positions and transactions history. It boasts powerful end-user features including value-added services such as instant Chequebook requests, fund transfers and bill payments."

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