Mobile Banking Updates - Mar 11

Mobile Banking: Is It Heating Up Or Mostly Hype?
"Banks have been rolling out mobile wallet apps at a furious pace in recent days. The big question is whether they'll ever convince skeptical consumers to begin to zapping money around."

Apple, Google, Facebook and Amazon to lead m-payments gold-rush?
"Apple, Amazon, Facebook and Google - the 'gang of four' - have been driving forces behind a new technology cycle, dominated by the mobile phone and social media, which is merging the online and physical worlds, says Javelin. These huge companies are now seeking to use their strengths to crack a payments market currently led by financial institutions, card schemes and, increasingly, wireless carriers. In a bid to predict the potential success of the competing factions, Javelin polled 5878 Americans to gauge public opinion on what it claims are three crucial ingredients for success: trust, innovation and privacy."

Mobility Matters – Tracking the Mobile Banking Revolution: Online Only
"Mobile Everywhere. Ask Mark Sievewright, a senior executive at Fiserv, to pinpoint three big trends changing the credit union landscape and here is what he said in late February at the New Jersey Credit Union League’s “Reality Check” conference: “mobile, mobile, mobile.” Mobile is not just about a new channel – although it is that – it fundamentally is about changed relationships. And it is growing incredible fast. Another “Reality Check” speaker, CUNA Mutual’s John Lass, flashed a slide that showed mobile users eclipsing the number of online banking users within a few years."

Should Mitek Systems Acquire Top Image Systems?
"One of the discussion topics on Micro Cap Club, has been about the possibility of Mitek Systems (MITK) acquiring Top Image Systems (TISA). Both Mitek Systems and Top Image Systems have similar stories via a history of working with large banks and leveraging those relationships to market and launch mobile banking applications. Mitek Systems was incorporated in 1986 and went public in the early 1990's. The company historically provided financial institutions with advanced imaging and analytics software to authenticate and extract data from checks and other documents."