Mobile Banking Updates - Oct 18

Blackhawk Network To Offer Gift Cards Through mFoundry’s New Mobile Banking Platform
"Banks and credit unions now have an opportunity to generate a new source of top-line revenue by offering gift cards to their mobile banking customers through a relationship announced today between Blackhawk Network and mFoundry. Blackhawk Network, a leading provider of prepaid and financial payments products for consumers and businesses, has contracted with mFoundry, enabling Blackhawk to offer digital and physical gift cards from hundreds of brand name merchants to smartphone users through Fin.X from mFoundry."

Mobile banking vs. mobile payments - which is bigger?
"The other day, out of sheer curiosity, I Googled the words 'mobile payments.' The search turned up 'About 34,100,000 results.' Wow, I thought. Then I searched the same term in the Google News section. 'About 69,700 results.' Hmmm. Interesting."

Fortune Bank unveils mobile, remote banking services
"Community lender, Fortune Bank has unveiled a suite of mobile banking services, including Business Payment Manager, XPRESS Deposit and Mobile Banking, to boost customer access and convenience. The services are available for free of cost to existing and new customers through smartphones including iPhone, Android, or BlackBerry, the bank said."

Diebold adds RDC, P2P to mobile banking platform
"Diebold is increasing its presence in the growing mobile banking channel with the addition of two new features — remote deposit capture and person-to-person payments — to its MobiTransact mobile banking platform. The RDC application can also be added as a standalone feature to an FI's existing mobile banking app."

River City Credit Union in San Antonio Launches Bilingual Mobile App
"River City Federal Credit Union has announced its launch of a bilingual mobile banking app, rcitymobile, that is available in both the Apple Apps Store and Google’s Play store. The San Antonio credit union – with 15,000 members and $157 million in assets – developed its app in association with Catalyst Corporate and Austin, Texas-based apps developer Malauzai. In a press statement, Kim Heinze, CEO of River City FCU, said: 'The Spanish-language capability also allows us to enhance our service to the local Hispanic market, which is an important part of our growth strategy.'”

Dwolla Partners With mFoundry, Bringing Real-Time P2P Mobile Payment Capabilities To 800+ U.S. Banks
"Online and mobile digital cash network Dwolla is partnering with mobile banking and payments service provider mFoundry, the companies are announcing today at the BAI conference in Washington, D.C. This is Dwolla’s first publicly announced partnership with a financial service provider, and the deal opens its service up to mFoundry’s 800+ banks and credit unions using its cloud banking platform known as Fin.X."

Monitise reveals new record for mobile banking adoption
"Monitise has revealed a new record for the adoption ob mobile banking by Desert Schools Federal Credit Union. Monitise - a leading technology and services company that delivers mobile banking, payments and commerce networks worldwide - said DSFCU reached 30% mobile banking adoption in 90 days."