Mobile Banking Updates - Jan 17

Research and Markets: Mobile Banking for U.S. Corporate Customers: Catching on Slowly
"Mobile banking among consumers is a "done deal" with wide acceptance. However, Mercator Advisory Group's new report, Mobile Banking for U.S. Corporate Customers: Catching On Slowly, finds both banks and commercial enterprises a bit cautious about unleashing mobile banking for corporate transactions. Many corporate treasury personnel already have mobile devices (of myriad different kinds) and desire to mobilize their work lives as they have their personal lives. This research reviews some of the challenges facing corporations in choosing to authorize mobile transactions, as well as the challenges facing banks in attempting to serve these companies."

Mobile Banking Deposits Gain With Big-Bank Adoption
"Mobile banking deposits, where customers deposit a check into their bank accounts by snapping a photo of it with a smartphone or tablet, has hit critical mass with a number of financial institutions starting to offer the service. The trend highlights the explosion in mobile banking over the past two years, and the growing ease with which consumers and businesses now use mobile devices to carry out routine financial tasks like check deposits."