Mobile Banking Updates - Mar 21

Tablets Spur Mobile Banking Improvements
"Both my kids have desktop computers, but they vastly prefer to use the family iPad for homework or games. Why? I suspect it has something to do with the cool factor, but it’s also easy to carry around, has way better battery life, and great access to the App Store (once you master Angry Birds and need a new game to conquer). And with yesterday’s launch of the next generation iPad, it will also provide a sharper image display and the ability to connect to the Internet on 4G broadband networks, which will provide individual consumers and businesses alike with a more engaging user experience."

Fed Sees Potential in Cell Phone Banking
"A new Federal Reserve survey highlights a new way to give underserved consumers who don’t have a bank account access to a greater array of financial tools: cell phones. Cell phones are key because while there may be a computer digital divide that can make it harder for poor and working-class Americans to get access to computer-based high-speed Internet service, there’s no such division when it comes to cell-phone Internet access, according to the Fed report released Wednesday."

What's Next After Revolutionizing Twitter Banking? Mobile Banking -- Eventually
"When Vantage Credit Union was hit with unforeseen expenses a few years back, the Missouri-based credit union had to detour its budget allocated to developing mobile banking apps. 'We had to scrap some projects,' Eric Acree, executive vice president of Vantage Credit Union, tells Bank Innovation."

Mobility Matters – Tracking the Mobile Banking Revolution: Online Only
"Credit Union Mobile Banking Debut of the Week: Put it up and they will find it. That’s the guiding marketing principle at Palisades FCU, a $153 million institution in Pearl River, N.Y., which recently launched its mobile banking app."