"Brandon McGee, Industry Insider, Mobile Banking Guru...He is not only the real deal, a genuine industry insider, but also knows exactly what's on the minds of financial service pros as they contemplate the various mobile options." - Jim Bruene, Publisher & Founder, Online Financial Innovations

"Going Mobile. Local executive carves niche as national expert on fast-growing banking-industry technology trend" - Scott Olson, Indianapolis Business Journal (IBJ)

"Brandon McGee, the industry's unofficial ambassador for mobile banking" 

Tuesday, October 22, 2013

BofA Grows Mobile Banking As Cost Cuts Lift Earnings

"Bank of America's (BAC) mobile banking customers surged 26% in Q3 from a year ago to 14 million, promising to reduce expenses and boost earnings further. Paying bills and checking balances anywhere via smartphones and tablets are convenient for consumers and businesses.

Because it replaces branches, tellers and ATMs,it can also cut costs per transaction for the bank, contributing to bottom-line growth. BofA earned 20 cents per share in Q3 vs. a break-even quarter a year ago, exceeding Wall Street's target by 2 cents." Continue Reading

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