Mobile Banking Updates - Jan 29

Generations Bank Rolls Out Mobile Banking App that Includes PFM Tools
"Generations Bank announced Thursday a mobile app for its iPhone and Android customers called mygenmobile. Among the app's features are bill-pay capabilities; a GPS-based locator for branches and ATMs; alerts and notifications as well as the ability to aggregate outside financial accounts and add tags, notes or photos to transactions. Generations Bank is based in Seneca Falls, N.Y. The mobile app is available to its internet banking customers."

6 steps to safer online and mobile banking
"Using a phone to send a friend money to cover your bar tab, getting your ATM receipt via email and depositing a check by smartphone may seem futuristic, but these online and mobile banking functions are available today from many banks. While these and other paperless banking practices are practical and environmentally friendly, some consumers wonder if they are compromising their security in the name of convenience. Financial institutions have protections in place as well as recommendations for their customers on steps they can take to avoid financial or identity theft while using their smartphones for making payments and deposits."

MOBILE SURGE In four years, a billion+ users could embrace mobile banking
"A new report from Juniper Research finds that over 1 billion mobile phone users globally will have made use of their mobile devices for banking purposes by the end of 2017, compared to just over 590 million this year. While the forecast of 1 billion users by 2017 represents just under 15% of the mobile subscriber base, it should be acknowledged that around half of all mobile subscribers remain unbanked, with limited access to traditional financial services."

How Banks Can Use Mobile Banking Technology to Drive Revenue and Reduce Costs
"The annual E-Signature Summit for Banking Executives, co-hosted by Silanis and IBM this past week in New York, saw incredible turnout for the second year in a row and significant interest in mobile banking technology. With double the attendance over the year previous, attendees were treated to a day of sessions that included a panel discussion with guests from US Bank, JPMorgan Chase and IBM sharing their thoughts on mobile banking, e-signatures, cutting costs and driving revenue."