Mobile Banking Updates - Oct 11

RBC Gets Android-Friendly with New App
"With the launch of its new banking app for Android smartphones, RBC (NYSE: RY) will become the first Canadian bank to fully integrate mobile banking apps on the three most popular smartphone platforms, which also include the iPhone and BlackBerry devices. As of this past Sunday when the Android app launched, RBC’s mobile banking apps have been downloaded 800,000 times and have also received a 4.4 out of five star rating from RBC customers on Android Market."

Guide to Safe Online and Mobile Banking
"The mobile and wireless market is one of the fastest growing markets in the world, and with the recent uptick of interest in tablets, it only promises to continue booming. Consumers are continuously turning to this market to take advantage of faster, more affordable and convenient ways to go about their daily activities, and the industry is beginning to see them take an active interest in online and mobile banking."

U.S. Bank Releases New Mobile Banking Apps
"For customers with iPhones, the new U.S. Bank mobile app replaces the U.S. Bank Mobile Wallet app, which sported a generic iPhone design that lacked color and originality. The old app was developed by a third-party agency while the new app was created in-house. The new look introduces more color and shift in design elements for a better user experience.

In terms of functionality, there were no major changes – it’s still mobile banking as usual. Customers can still use DepositPoint to deposit checks with their iPhones. The new U.S. Bank now uses actual online banking credentials for customer logins – not a six-digit PIN."

Credit Union of Texas taps into mobile via apps
"Financial institution Credit Union of Texas is targeting clients ages 18-30 with a round of mobile products aimed at making banking easier and faster. Credit Union of Texas’ move to mobile stems from the company’s expansion of clients in 2000. The mobile offerings include applications for both Apple and Android devices."

Mobile Banking Ennui
"It was serendipity. We were deep into the production of our annual antivirus, browser and mobile security report. This year's report included considerably more data than previous editions on mobile banking security.

During the vetting process we came across an interesting piece of data. Despite marked year-over-year increases in smartphone adoption, we were not seeing an increase in the consumer adoption of either smartphone banking or smartphone e-commerce. This finding seemed counterintuitive."