"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" 

Friday, September 16, 2011

Mobile Banking Updates - Sept 16

Mobile On/Off Switch for Debit Cards Now in Testing
"The security system, which one bank is testing, has the potential to make stolen card data less valuable, since a card would work for payments or cash withdrawals only when the legitimate customer permits it to. The technology, called card lock, is part of Diebold Inc.'s MobiTransact mobile banking platform.

Consumers would have the flexibility to keep a card switched off at almost all times – or to lock it only in high-risk situations, such as when it has been misplaced, says Thomas Swidarski, the company's chief executive. The system is another step towards truly mobile banking transactions, he says."

Fiserv launches consolidated mobile banking suite
"Fiserv Inc., a technology provider to financial institutions, introduced a new mobile banking, alerting and payments suite today. The new product suite is called Mobiliti. Fiserv said it streamlines and replaces its product offerings by combining its own Mobile Money product with the BankAnywhere product from M-Com, a company Fiserv acquired earlier this year. Fiserv said the new Mobiliti supports account access through SMS messaging, mobile browser (WAP) and applications for Android, iPhone and Blackberry smartphones."

AT&T, Verizon and T-Mobile invest $100 million in mobile wallet system
"Wallets are ever closer to becoming a thing of the past: AT&T, Verizon and T-Mobile are planning on investing over $100 million into a joint system that will let users pay for goods with their smartphones. With support from Visa, MasterCard, Discover and American Express, the venture should help bring mobile wallets into the American mainstream.

The carrier’s investment will help the venture, called Isis, pull in more funding from bank and retailers. They are trying to catch up to Google, which announced its own mobile payment service, called Google Wallet, in May."

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