Mobile Banking Updates - May 31

Bank of America Taking Mobile Banking By Storm
"Bank of America has slowly and steadily become a major force to be reckoned with in mobile banking. More customers, the financial titan said Thursday, now choose Bank of America to bank on-the-go more than any other bank. Over 10 million Bank of America customers are now using mobile banking, representing growth of nearly 3 million active users over the last 12 months."

Wells Fargo Launches Simplified Person-to-Person Money Transfer Service Nationwide
"Wells Fargo & Company WFC +0.16% today announced the launch of Send & Receive Money, a new service that simplifies Wells Fargo customers' payments to other Wells Fargo and Bank of America customers through online and mobile banking using an email address or mobile phone number. Wells Fargo customers no longer need to know their recipient's account number at Wells Fargo or Bank of America. Wells Fargo is the first bank to roll out nationally the clearXchange service for person-to-person payments."

San Antonio Federal Credit Union taps WRG and Vertifi for mobile banking
"The mobile solution, branded as GOTM from SACU, allows members to access their accounts anywhere and anytime with many enhanced functions including the ability to pay bills, transfer money, and deposit checks using the embedded camera on the smart phone. The check deposit feature, GoDeposit, is powered by Vertifi's DeposZip Mobile service, the leading household and business remote deposit service in the credit union industry."

U.S. Bank Tablet Banking App Built on Mobiliti from Fiserv
"The app is built on the Mobiliti Enterprise platform, which the bank also uses to support mobile banking, enabling integrated channel management and analytics. Fiserv, Inc., a leading global provider of financial services technology solutions, today announced that U.S. Bank's online banking customers now have access to an iPad(R) banking application (app) built on the Mobiliti Enterprise(TM) mobile banking and payments platform from Fiserv. The U.S. Bank app serves consumers' growing interest in tablet banking. According to the 2011 Fiserv Consumer Trends Survey, 45 percent of current and prospective tablet owners use or would like to use them for banking."

Nokia Dreams of NFC Image Sharing, Mobile Banking for its 808 PureView
"Nokia wants to enable image sharing on its 808 PureView using Near Field Communication (NFC) technology. Say that tens time fast. Speaking with Engadget, the company expressed interest in the idea and said “picture sharing would be possible across devices.” Devices, meaning the feature won’t be exclusive to 808 PureView users. Who wouldn’t want to share their 41-megapixel mirror shots with friends using NFC? We’re guessing you’ll only be able to share low-res images, since those 41-megapixel shots exceed 100MB."