Mobile Banking Updates - April 14

BBB offers top 5 tips for mobile banking
"Gone are the days of waiting in line at the bank or even waiting for your computer to boot up. Now you can access your bank account from anywhere in the world via your smart phone or tablet. But consumers need to be more cautious than ever when banking through any device, as hackers can prey on the unsuspecting. The FINRA Investor Education Foundation, part of the Financial Industry Regulatory Authority, offers these five tips on how to keep your identity safe and your money in the bank:"

Mobile Banking Continues to Increase
"A late-November study, Consumers and Mobile Financial Services, showed that 28% of mobile-phone owners have used mobile banking in the past 12 months, an increase from the 21% found in a December 2011 study. Another 10% of the mobile owners who are not using mobile banking plan to do so in the next year. Smartphone owners are even more likely to use mobile banking: 48% of smartphone owners used mobile banking in the past year compared with 42% in 2011."

Century Federal Credit Union Launches Mobile Banking Application - Eagle Mobility
"Members of Century Federal Credit Union (CFCU), one of the largest credit unions in Northeastern Ohio, now have access to their accounts 24/7, via CFCU’s new Eagle Mobility – Mobile Banking Application. Eagle Mobility allows CFCU members to securely login to check balances, transfer funds, pay bills and find a nearby location/ATM all on their Smartphone. CFCU members can turn on this service via the Online Banking Portal at http://www.CenFedCU.org or download an Android or IOS/Apple version of the application from their phone’s App Store."

Regions Bank Embraces Mobile Banking
"Regions Bank has just confirmed plans to embrace mobile banking and a multitude of cutting edge mobile financial services in the coming weeks and months. Regions Bank customers can expect to enjoy everything from remote deposit capture to various prepaid features. A January 2013 report from Juniper Research finds that over one billion mobile phone users will have made use of their mobile devices for banking purposes by the end of 2017, compared to just over 590 million this year."