Fed On Mobile Banking: Use Is Up, Confidence In Security Down
"The Credit Union National Association's Payments Subcommittee will review the Federal Reserve Board's new mobile financial services survey results, which note significant increases in how consumers use mobile phones and smartphones for banking and payments."
ATMIA Publishes Best Practices for Preventing Mobile Banking Fraud
"ATMIA today announced the publication of a new best practice manual for preventing mobile banking fraud, with special reference to applications linked to ATM systems. Due to the increasing popularity of mobile phones, and in particular smartphones and tablet computers which are capable of full internet access, mobile banking and related mobile commerce has become an important channel for the financial services industry, including the ATM industry."
CONSUMER AFFAIRS: Safer mobile banking
"The latest issue of the Federal Deposit Insurance Corp.’s FDIC Consumer News offers consumers tips for safer mobile banking. The FDIC urges consumers to be proactive and create strong passwords or pins and periodically change them. Don’t write down or give passwords or pins to others. Also, ensure that any “time-out” or “auto-lock” features on devices are enabled."
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