"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" 

Sunday, September 18, 2011

Mobile Banking Updates - Sept 18

Mobile Banking Scorecard Rates Top Seven U.S. Banks
"Wells Fargo (San Francisco) earned the top spot in a new ranking released Wednesday of the seven largest U.S. banks' mobile offerings.

Keynote Competitive Research, the industry analysis arm of San Mateo, Calif.-based internet and mobile cloud monitoring company Keynote Systems Inc., compiled its "mobile banking scorecard" based on nearly 100 criteria in four main categories, developed from user testing and research. Banks measured in the inaugural scorecard include -- in alphabetical order -- Bank of America, Capital One, Chase, Citibank, PNC Bank, US Bank and Wells Fargo. The company did not divulge the order of the rankings, other than that Wells Fargo garnered the higher score. The banks were measured in their text, mobile web, and smartphone app offerings."

Mobile Banking: The New Risks
"Phishing attacks aimed at online PC users won't be the financial industry's greatest worry in the near future, says Dr. Markus Jakobsson, security expert in the field of phishing and crimeware. Malware targeting mobile devices will be.

Jakobsson, who has spent the last several months analyzing the current state of current mobile security, says mobile vulnerabilities have changed quite a bit over the last 12 months, and most mobile users and carriers have no real way to protect themselves from fraudsters seeking access to financial accounts."

US Bank provides new tool to business customers for mobile banking services
"US Bank has announced that the company is providing a new tool for business customers that provide secure banking services via mobile device. US Bank Mobile SinglePoint connects them to their account information wherever they are located. It is an extension of US Bank SinglePoint, the web portal to US Bank's suite of treasury management services, and SinglePoint Essentials, a basic suite of services for small businesses."

Smartphones Bring Banking at your Fingertips
"In the last quarter of 2010, about 30 mn Americans used their mobile phones to access financial accounts, up 54% from the same time in the previous year. Bankers acknowledge that mobile banking has become an essential channel for acquiring new customers, especially those from the younger generation."

SunTrust Mobile App (Finance)
"The SunTrust Mobile App allows you to view your checking or savings account balance, view transaction history, make payments, transfer funds, and locate ATMs or branches all from the convenience of your mobile phone.SunTrust is committed to your security and protecting the privacy of your financial information."

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