Javelin's Third Annual Report Reveals the Mobile Offerings of Winners JPMorgan Chase, Wells Fargo, Bank of America, and Others
"Javelin Strategy & Research's latest report -- 2011 Mobile Banking Scorecard: Money Begins to Move -- evaluates the abilities of financial institutions (FIs) to meet consumers' growing mobile banking needs as they evolve from mobile account monitoring to mobile money movement and beyond. Javelin's third Mobile Banking Scorecard examines the 23 mobile banking offerings of the 25 largest retail banking FIs and identifies the best performers in the areas of mobile access, general features, SMS text features, marketing and security. The report spotlights emerging mobile banking trends and outlines the strategies that FIs must deploy to stay ahead of -- and satisfy -- customer demands."
Amex to Invest $100 Million in Digital Commerce Startups
"The New York-based credit card company unveiled its plan on Tuesday, saying it would use the funds to invest in early-stage startups involved in digital commerce, including in mobile payments and online marketing. Partnerships with early stage firms will help 'accelerate American Express's digital transformation,' said Harshul Sanghi, managing director of the company's Enterprise Growth Group, in an interview on Monday with American Banker."
"Beam Me Up" - RBS Citizens Expert to Discuss the Evolution of Mobile Banking for Commercial Clients
"'What was only a dream in the days of Star Trek is now a reality to today's small business owners,' says Jim Gifas, Executive Vice President and Head of Global Transaction Services Solutions U.S. of RBS Citizens.'"Because small business owners so often must be out of their offices meeting clients and building their businesses, they have been exceedingly quick to adopt mobile banking technology.'"
Midwest Bank goes mobile: Company to offer banking app
"Mobile banking has arrived in Freeport, via a new app from Midwest Bank. The addition of Midwest Mobile Banking enables a customer to complete most banking tasks via their smart phones. 'We were really surprised how many of our customers used our telebank service and over the past eight to nine years, use of the online banking services has increased exponentially,' said co-CEO Mark Wright."
Mobile Payments Offer Financial Institutions Opportunities With the Unbanked, Pyramid Finds
"A growing ecosystem around mobile commerce and mobile payments has created new opportunities for financial institutions. Decreasing costs and wide availability of mobile devices now allows financial institutions to effectively reach the 50 percent of the population that remains unbanked, according to Jose Magana, Senior Analyst and Pyramid's Practice Leader for Mobile Payments."
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