Could fees stall adoption of mobile banking?
"Looking to make up the revenues lost as a result of new consumer protection rules put into place this fall, banks are reportedly considering a host of new fees, including ones for mobile banking services.
Banks have wholeheartedly embraced mobile because it is a cost-effective strategy for them although consumer adoption is still low. With several banks reportedly considering adding fees such as a $5 charge for remote deposit capture, the question is how this will impact the adoption of mobile banking services."
Mobile shopping can pave the way for mobile banking
"With the countdown to Christmas well underway, shoppers are turning to their mobile devices in their droves to beat the last-minute high street rush. In fact, the UK trade body for online retailers, IMRG, recently forecasted that Christmas 2011 is when mobile moves mainstream, with 35% of people saying that they plan to do more shopping using their phone this year."
A Flat Earth Perspective on Mobile Banking
"My six year old son recently asked me, “If the Romans were so strong and smart and powerful, how come they thought the world was flat?” Good question. The Romans weren’t much of a seafaring people, so in the greater scheme of things, you could say they didn’t get out much. The world might as well have been flat from their very limited perspective."
Mobile apps make banking easy
"Imagine you are eating out with friends one night and when you receive your bill, you suddenly forget if you have enough money in your account to cover this meal. If you don't have enough money in your account, you will be overdrafting, meaning using funds you don't have. If this happens, your bank will pay for this transaction, but will also make you pay the money back and charge you an additional fee."
Cachet Financial Solutions Integrates Mobile Deposit Offering with Mobile Banking Application from MEA Financial
"Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions, announced today that it has integrated its mobile deposit solution with the Mobile Access mobile banking application from MEA Financial Enterprises, LCC, a national leader in financial services technology. This partnership enables any credit union or financial institution using Mobile Access to deliver mobile deposit capabilities to members and customers using smartphones and tablets. RCB Bank will be the first financial institution to employ the new mobile remote deposit capability offered through this partnership."
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