Mobile Banking Updates - May 11

Great Western Bank Mobile
"Put your money where your mobile is! Great Western Bank’s FREE* mobile banking app** lets you bank on the go when it’s convenient for you. To begin using this app, you will need to enroll in Mobile Banking by creating a new account on the app. You cannot log into Mobile Banking with your Online Banking credentials. You will need to create an account to use Mobile Banking."

Report: Banks Should Do More To Optimize Websites for Tablets as Adoption Skyrockets
"Tablet adoption is set to grow 40% by 2016 and tablet users conducting mobile banking is growing at twice the rate of non-tablet users. These trends underscore the need for banks and other firms with B2C commercial and commerce websites to continue to invest to table-enable their websites, according to Javelin Strategy & Research. The Javelin report, entitled “2012 Tablet and Banking Report,” also points out that tablet-focused investments need to focus beyond the iPad, and take into account the growing use of Andriod-based devices, including Amazon’s Kindle Fire, said Javelin’s Mary Monahan,executive vice president and research director mobile."

Mobility Matters – Tracking the Mobile Banking Revolution: Online Only
"Stopping Mobile Fraudsters. What if the hunt for ways to stop theft in the mobile banking channel has been looking in all the wrong places? That tantalizing idea now is being floated by new-style fraud stoppers. One reality: right now, mobile banking suffers much less criminal theft than does online banking. That is fact and, yes, it also has a lot to do with the 15-year head start criminals have in stealing from online banking channels. Mobile criminality will catch up, no doubt about it."

Chase’s mobile banking strategy leads the pack: Forrester
"With 17 percent of adults actively banking via mobile devices, financial institutions are meeting basic needs but few offer more advanced functionality, according to a new report from Forrester Research. In the report, 2012 US Mobile Banking Functionality Rankings, the research shows that Chase is the highest scorer among leading U.S. banks when it comes to mobile banking. Out of a score of 100 on the Mobile Banking Functionality Benchmark, the financial institution had an overall score of 74 compared with the average of 64."