Mobile Banking Updates - May 28

Who Will Win the Battle for the Mobile War
"Over the next five years paying with your phone will become as commonplace as paying with cash, which is why every man, his bank and his phone company are in the battle to win the mobile wallet space. So who's going to win?"

Ally Mobile Banking
"Ally Mobile Banking has arrived for iPhone® and Android™ users! Now you can check your balance, view recent transactions, transfer money between your Ally Bank accounts and find ATMs and cash-back locations near you."

iPad and Kindle Fire: Banking on Tablets
"A young, prosperous generation is becoming increasingly mobile, and its gadget of choice on which to perform day-to-day financial business is the tablet. A handful of banks, led by Bank of America (NYS: BAC) , are frontrunners in this brave new world of banking and will most likely reap the rewards while their counterparts dawdle."

Mitek enables $10B in mobile banking deposits
"Mitek Systems' imaging technology has now enabled $10 billion in mobile banking deposits, with transaction volumes increasing more than 143 percent since the end of 2011, the firm reports. Mitek's Mobile Deposit technology allows consumers and businesses to make financial deposits by snapping photos of checks via smartphone or tablet camera."

Consumers Prefer Online Banking to Traditional Branch Banking
"More than half of consumers prefer to do their banking online and nearly half would do all of their banking online if they could. This was a key finding of the national consumer survey on retail banking trends conducted by Rosetta, an independent brand in the Publicis Groupe of global agencies and one of the nation's largest digital and direct interactive agencies."

Mobile Banking Reaches the Regionals
"Mobile banking websites and apps have become increasingly important to smartphone users over the last several years. Nearly all major national banks now offer their customers a variety of ways to perform their banking on the go, and with demand as high as it is, regional banks can’t afford to sit on the sidelines either. One interesting case is Dollar Bank, located from southwestern Pennsylvania to northeastern Ohio, which has been riding the mobile wave long before many larger firms. So it shouldn’t be a surprise that Dollar Bank is once again beating many larger firms to the punch."