Mobile Banking Updates - Jan 8

8 Bank Technology Trends That Will Shape the Industry in 2012
"For the past several years, bank IT budgets generally remained flat. The financial crisis and ensuing fallout forced belt-tightening across the industry. In 2011, however, bank IT executives finally enjoyed some breathing room thanks to some revitalized spending power."

MAKING SENSE OF IT ALL: What should be the main 2012 trend? Mobile Security
"With all the predictions of what’s coming for 2012 floating around, one really should stand out: Increased mobile security. For example, it is extremely rare when any politician goes out on a limb, so it’s important to take note when they do. Case in point: Rep. Dutch Ruppersberger (D-Md.) said the following at a trade group’s round table in December:"

Smartphone hacking will rise in 2012, experts warn
"Security experts predict 2012 will be a breakthrough year for cyber-attacks on smartphones. There are now enough of these mobile computers in use to make them an inviting target. 'Shopping and mobile banking are things that are going to leave a trail and contain lots of goodies that criminals can go after,' says Rachel Ratcliff Womack with the digital security firm Stroz Friedberg."

FDIC Reveals Banks Have Allowed for Theft of Mobile Banking Data
"The world just got a little scarier. The Federal Deposit Insurance Corp. has publicly acknowledged for the first time that banks in the United States have had consumers' mobile banking data stolen during wireless transmissions. The FDIC made the disclosure in a dark corner of a document it releases quarterly called Supervisory Insights, which advises its on-the-ground compliance regulators."

Riverset Launches Mobile
"The $117 million Riverset Credit Union in Pittsburgh is now offering its 14,700 members mobile banking through the Mobile Money service from Fiserv’s Mobiliti operation. The mobile service is being offered through text, mobile Web browser and downloadable applications, the credit union said."