Mobile Banking Updates - April 9

U.S. Bancorp's Plans to Remove Friction from Mobile Banking
"U.S. Bancorp, which last month became the first large U.S. bank to offer mobile photo bill pay, hopes that letting people pay their bills with a tap of a smartphone camera will enable it to do three things. 'One is to take away some of the friction,' says Niti Badarinath, senior vice president and head of mobile banking and strategy at the $354 billion-asset Minneapolis bank. Over the next few quarters, the bank plans to further use imaging to save customers having to type their own details into their mobile banking app. 'We want to take away some of the more tedious manual data entry,' he says."

C and F Bank launches new I-Deposit24 mobile banking service
"C and F Bank has rolled out its latest offering in mobile banking, I-Deposit24, which will enable customers to deposit cheques directly to their bank account with their smartphone. The lender said that the new technology provides customers with updated products in electronic banking and a complete mobile banking product suite. Its mobile banking technology and services offer safe, simple, and secure mobile access to C&F Bank accounts. Using the new mobile banking suite, account holders can view their balances and recent transactions, transfer funds, pay bills, receive customized account activity alerts and find C&F Bank branch and ATM locations."

Mobile Banking Usage Rises, But So Do Security Concerns: Survey
"Consumers continue to move to mobile banking although security concerns may keep some bank customers from reaching for their devices. Twenty-eight percent of all mobile phone owners have used mobile banking in the past 12 months, up from 21% a year earlier, according to a survey released recently by the Federal Reserve Board that updates findings of a similar survey the Fed fielded in 2011."

River City launches new bilingual mobile-banking app
"River City Federal Credit Union has rolled out a multilingual app for the Apple iPad that customers can use to conduct mobile banking in English and Spanish. Malauzai Software Inc. in Austin completed development on the app in 17 business days. The company specializes in creating mobile-banking apps."