Mobile Banking Updates - Sept 21

Five Tactics to Help Your Credit Union Thrive
"3) Go Mobile - In other words, think apps, not toasters. Today’s techno-savvy, on-the-go customers rarely visit a branch in person. They rely on convenient, virtual tools that can be accessed any time, anywhere. The time has come for credit unions to go mobile."

The Time for Mobility Has Come
"UK retail banks are jumping headlong into mobility. While some search for a way to get a leg up on the competition by offering the “killer-app”, most are concentrated on rolling out core mobile banking. Several banks have already planted their flag in the mobile app market. It is widely accepted that mobile banking will soon be a necessity, a commodity just as online banking is today. Banc Sabadell has been forecasting in Finextra that mobile access could become the mainstream channel to the bank for many customers."

The Next Frontier: Mobile Money
"The adoption of smartphone-based mobile banking is one of the fastest trends in digital banking. While today’s smartphone applications, for the most part, mirror the functionality of bank websites with balances, transfers and bill pay, a new frontier is opening with the proliferation of mobile wallets and payment solutions. Already, hundreds of thousands of retail point-of-sale terminals support near field communications (NFC) protocols such as PayPass (MasterCard) and PayWave (Visa). Industry forecasts for smartphones suggest that at least 50 percent of new smartphones will be NFC-capable within 18 months."

Fiserv introduces Mobiliti for mobile banking, alerting, payments
"Fiserv Inc introduced the new Mobiliti mobile banking, alerting, and payments suite that combines the functionality of Mobile Money from Fiserv, and BankAnywhere from the recently acquired M-Com. It will replace both of those product brands. Mobiliti is available in multiple versions tailored for use by financial institutions of varying sizes within both the United States and international markets."

Report: The Mobile Payments Explosion
"Paper checks are dying. Mobile payments are soaring. Credit cards will experience diminishing market share. And cash – old-fashioned paper money and coins – is a lot more resilient and ingrained in our lives than many might think.

Those are four big conclusions to draw from the “World Payments Report 2011,” a report just released by Capgemini, The Royal Bank of Scotland (RBS) and Efma (the European Financial Marketing Association)."

Marquette Bank Selects FIS' ePayment and eBanking Solutions to Lead eBusiness Channel
"FIS(TM) FIS, the world's largest provider of banking and payments technology, today announced that Marquette Bank has selected to deploy several FIS ePayment and eBanking solutions, including Payment Manager, mobile banking, online banking and eAccount Opening, in support of the bank's eBusiness channel. The bank also signed a multi-year renewal agreement for FIS' HORIZON(TM) core processing platform."

NCR Launches Mobile Banking Platform to Help Banks Drive Adoption of Mobility within Multi-Channel Self-Service
"NCR Corporation (NYSE: NCR) today launched NCR APTRA Mobile Banking 3.0, a new global mobile banking platform enabling banks to offer their customers banking services via downloadable apps, mobile browser or SMS. The solution provides all the features consumers need to manage their money on the move and enables banks to scale and integrate mobile with other online, kiosk, ATM and teller banking channels, helping to drive adoption of mobile banking and deliver new services across integrated channels."

Monitise picks up mobile payments patent
"Mobile banking, payments and commerce provider Monitise has been granted a patent for a technique that allows 'virtual card details' to be generated on a mobile phone.

The virtual card acts like a prepaid digital voucher and can be created for a fixed amount or for a specified period of validity. Consumers can then make purchases in stores or on the internet without having to divulge data from their credit or debit cards such as personal account numbers, card expiry dates and security codes."