Mobile Banking Updates - Mar 12

Chase Tops Mobile Banking Scorecard
"Chase took top honors in an analysis of the mobile offerings of the top 15 U.S. banks released today. Keynote Competitive Research, the industry analysis group of San Mateo, Calif.-based Keynote Systems, released its expanded 2012 "Mobile Banking Scorecard," first issued in 2011. The latest scorecard measures and ranks the banks based on a list of more than 100 criteria in four main categories: functionality, ease of use, privacy and security, and quality and availability. The analysis was developed from consumer research and extensive interviews with practitioners, said Keynote."

Green Dot to Acquire Loopt
"Green Dot Corporation GDOT +0.27% , a provider of widely distributed, low-cost banking and payment solutions to a broad base of U.S. consumers, has entered into a definitive agreement to acquire Loopt, Inc., of Mountain View, California. The transaction is expected to close by the end of the first quarter of 2012 and is subject to regulatory approvals and other closing conditions."

Big boys gear up for bigger play in mobile banking
"The opportunity em erging from India’s efforts to rope in a large unbanked population under the financial system has some of the key players from the mobile world and the financial sector sit up and take note. Among them, are telecom players like Bharti Airtel and Vodafone, mobile infrastructure providers such as Ericsson, money transfer players like Western Union and Visa."

One in four online households use mobile banking
"Here's another sign that credit unions should offer mobile banking options. One in four U.S. online households already use a mobile banking service, and many are moving beyond employing mobile devices for information (such as checking a balance or locating an ATM) and toward making transactions (paying bills and transferring money), says a new study."

BBVA Compass Announces Launch of Enhanced iPhone App
"BBVA Compass today launched version 2.0 of the bank's native application for the iPhone. The free app's enhancements allow users to pay bills as well as view check images, transaction receipts, account charts and payments. It also allows users not previously using online banking to enroll in mobile banking directly from the app."

BofI Federal Bank Launches Mobile Check Deposit App in Latest Advance of Mobile Banking Platform
"BofI Federal Bank BOFI +1.03% announced today the expansion of its mobile banking platform with the introduction of its new Mobile Deposit App that enables anytime, anywhere deposits of checks using an iPhone or Android(TM) phone. Mobile Check Deposits is the latest addition to the BofI Federal Bank Mobile Banking Platform, launched in 2011."