Mobile Banking Updates - May 29

Director of Cybersecurity Clay Calvert on Mobile Banking Apps
"MetroStar Systems Director of Cybersecurity Clay Calvert was recently interviewed by Medill News about mobile banking security. They were interested in the risks involved with mobile banking technology and whether it should be viewed as secure. In an article by Matt Higgins released on May 16, 2013, Clay was provided his insight."

Mashreq believes Smart Phones need Smart Banking with the launch of Snapp Mobile Banking
"Mashreq plans to tap the rising demand for banking services by mobile phone users with the launch of an enhanced version of its Mobile Banking Service called ‘Snapp’. The current version of the app is available on Apple and Android phones. A version of Snapp will soon be made available to customers on Blackberry10 and Windows8 and tablet based platforms. Registration and usage of this service is simple and free of cost. To add to the convenience, customers can access Mashreq Snapp using their MashreqOnline username and password. There is no requirement to register separately for Mobile Banking. This advanced mobile banking application will provide customers a simple and user-friendly access to their bank accounts from their smartphone."

CR Money Minute: Better smart phone banking security?
"Several major U.S. banks are beta-testing a new way to give you access to your mobile banking account, which could mark the beginning of the end for your password headaches, according to Toby Rush, CEO of EyeVerify, a Kansas City, Kan., technology firm. Rush did not name the banks, citing confidentiality agreements. But he said testing was expected to continue through summer and consumers might see the technology on the market as early as this fall. Wireless carriers are also interested, Rush said."

Vantage Credit Union Launches iPhone Mobile Banking App
"Vantage Credit Union launched its new iPhone mobile banking app, MyMobile, this week on the Apple Store for its members with MyVantage online banking accounts. The free online banking app works anywhere, anytime, to quickly and securely check account balances, view transaction history, transfer funds, pay bills, deposit checks via remote deposit and even activate rewards."

'Hello. I'm on Mount Everest': Mobile banking hits highest peak
"Two mountaineers have set a world record by being the first to use a mobile banking app on Mount Everest. Climbers Horacio Galanti and Horacio Cunietti achieved the feat using Standard Chartered Breeze mobile banking apps during their expedition to summit the highest peak in the world; an altitude of 8,848 metres above sea level."