Mobile Banking Updates - Aug 7

KPMG Report :Banks’ payment revenue may be at risk as the mobile payments value chain evolves
"As payments made from mobile phones and other mobile devices become increasingly popular, many banks around the world are rapidly re-evaluating and evolving their business models. New competition from non-traditional sources such as Apple, Google and PayPal is forcing banks to move quickly in order to preserve their payments revenues and take advantage of emerging mobile platforms, according to a new report from KPMG International."

Mobile Banking Doing More than Just Making You Look Hip
"Sure you may look pretty cool when you swipe your iPhone instead of your MasterCard (News - Alert) to pay for that Caramel Frappuccino Light Blended coffee at Starbucks, but what else can mobile banking do for your image and finances?

Well according to industry experts out there, it can do lots. Bankrate (News - Alert).com recently published an article detailing the five main reasons to use mobile banking services, a trend that is taking the tech space by storm as more than 45 million people are expected to use mobile banking services by 2014 according to Frost & Sullivan (News - Alert). Mobile banking allows for consumer purchases to be made through smartphones."

Mobile Banking Changes Everything, or Nothing
"I've been thinking about mobile delivery a lot in the last few years. Two years ago, I opened presentations with "mobile is the new online." But lately I've changed that line to:

Mobile is a better online

Equating mobile banking to online is selling it short. Really, it's much better than online. I believe that in the not-too-distant future (i.e., 10 years out), we'll come to look at online as an extension of mobile, not the other way around.

Here's why mobile is not only better than online, but also changes everything about remote delivery..."

10 Threats to Your Cellphone’s Security
"Apple and Google came under fire earlier this year for tracking cellphone users’ locations via their mobile operating systems. But as consumers use their phones for banking, shopping and more, there are even more malicious forces interested in that data and other information on your handset."