Mobile Banking Updates - Jan 12

Mobile payments: financial players are in the driver’s seat
"The momentum behind mobile payments is picking up as we kick off a big year in mobile wallets, but many of the newest challengers in the space are going to have to overcome one nagging reality: consumers still trust their banks and credit card companies to drive the mobile payments market. That’s according to some new data from a couple of different surveys from KPMG and mobile analyst Chetan Sharma."

Bankbuster - Why Banks Have to Embrace Mobile Technology
"I was recently reminded of the pace of mobile banking innovation by a store on my local high street. This particular store has certainly seen better days. The blue interior has that slightly musky look to it, probably due to the lack of natural light caused by the worn out posters plastered over the shop window. Whilst the stores all around it are abuzz with shoppers, I haven't seen anyone enter or leave the premises in months. The store in question is Blockbuster. Once a mainstay of any high street around the developed world, they are now few and far between. The sharp rise and fall of Blockbuster is an excellent cautionary tale for most bank CEOs, but the message is currently not being heeded."

CUSN Adds Four CUs to Mobile Banking Roster
"Four more credit unions are now offering their members mobile banking through CU Service Network LLC of Lakewood, Colo., the CUSO said. They are the $14 million Cornerstone CU of Des Moines, Iowa; the $157 million Fitzsimons CU of Lakewood, Colo.; the $297 million State Employees CU of Santa Fe, N.M.; and the $30 million Westminster FCU of Westminster, Colo., CUSN said."