The Case for Keeping Mobile and Online Banking Separate

"Requiring customers to sign up for online banking before they can enroll in mobile could deter would-be digital customers from some transactions. 'To tether or not to tether mobile to online will become a bigger issue,' said Teresa Epperson, managing director of AlixPartners, during a panel at BAI's Retail Delivery conference. 'Younger consumers aren't interested in online payments.'" Continue Reading

Mobile Banking Updates - Mar 17

Mobile Deposit Combines the Old and New in Bank Technology
"Remote deposit capture (RDC), long tied to the PC and desktop scanner, has arrived at its ultimate destination -- anywhere, anytime check deposits through popular mobile banking capabilities and smartphones. By combining powerful technology trends and strong consumer demand with a traditional banking process, mobile deposit enables financial institutions banks to retain customers, prevent the fragmentation of customers’ banking relationships and, ultimately, forever change the bank’s relationship with its customers."

Onsite Coverage: Mobile Message at BAI is ‘Go Big or Go Home’
"What a change a year makes. The loud message at a morning session on mobile banking at the BAI Payments Connect conference in Phoenix is this: "Go big or go home." Mobile banking adoption now is occurring at a “dizzying rate,” said panelist Bob Hedges, a managing director at research firm AlixPartners. Before, AlixPartners had talked about mobile banking “nearing” a “tipping point” – but it’s there and well beyond that now, Hedges said at the Monday session."

Centier Bank Improves Banking Security with Mobile-based Card On/Off Support
"In an effort to increase mobile adoption and enhance customers' security options, Merrillville, Ind.-based Centier Bank has implemented new mobile banking functionality from Computer Services, Inc. (CSI) (OTCQX: CSVI) to allow its customers to better manage debit cards from their mobile devices. CSI's newest mobile application enhancement, referred to as Card On/Off, allows users to manually enable or disable the use of their debit card within the bank's mobile app in the event the card is lost or stolen."

Millennials embrace mobile banking
"Meryn Oswald is 23, just out of college and can’t remember the last time she was in a bank branch office. Her father, Jim Oswald, who’s executive vice president and chief lending officer for Affinity Bank of Pennsylvania, is amazed watching his daughter bank on her phone. This is one reason the Spring Township bank is exploring mobile banking."

Report: 1 billion mobile banking customers by 2017
"Bill payment from a tablet is, not surprisingly, on the rise. Analysts at Juniper Research said that growing acceptance of mobile banking coupled with a rise in tablet adoption will push users of transactional tablet banking to nearly 200 million consumers in 2017. That's about 19 percent of all mobile banking customers, the report said. Juniper said adoption of bill payment via tablets will be higher in developed areas, as they have a higher adoption of tablet devices overall."

Mobile Banking Updates - Sept 15

PNC banks on digital age
"Skott Dickerson likes his bank to have a lot of branches. But what he really loves is for it to have a killer app for his banking needs. 'Branches are still important. But online banking and mobile banking are definitely a priority of mine,' said Dickerson, 35, of Irwin. A Pittsburgh-area native, he chose PNC Bank for that reason when he moved back in January from Indianapolis.

Dickerson is the kind of customer PNC Financial Services Group Inc. hopes to snare when it marches into the Southeast for the first time next year: Those willing to jump to a new bank with their smartphones and laptops — not necessarily with their feet — into a branch."

Barcode readers and mobile e-invoices
"During summer I was toying around idea how mobile payments could be combined with barcode readers. Some of my friends have with their iPhone online banking app. They can scan new paper payments with camera and barcode. When scanning picture they upload document info to banking app and pay. It seems to work fine with them.

For this idea, I started to make idea, where one phone app could generate barcodes, send message to email-address or as sms to phone. Receiving party would get message, open his app and read barcode. This message would be then read by own banking app on phone and payment would be executed by phone. "

More and more, banking goes mobile
"AlixPartners LLP, the global business-advisory firm based in New York, last month announced a deal to buy Boston-based Mercatus LLC, a consulting firm that advises banks and investment firms. Globe reporter Todd Wallack spoke with Mercatus founder and managing partner Robert Hedges about the deal and trends in the industry."

RBS teams up with Monitise to deliver broad range of mobile banking services
"Monitise has signed a new partnership agreement with Royal Bank of Scotland (RBS) Technology Services to broaden mobile banking and payments services across its banking divisions.

Monitise has strengthened its existing relationship with RBS by entering a new five-year global strategic partnership. Under the terms of the new agreement, RBS will utilise Monitise’s industry leading and award-winning platform to provide innovative bank-grade and secure mobile apps and services to RBS customers."

Tyfone to Showcase Mobile Banking and Transaction Revenue Generating Mobile Wallet at Symitar Educational Conference
"Tyfone (www.tyfone.com), a mobile financial solutions provider, will be exhibiting at the Symitar Educational Conference (SEC) held in San Diego, Calif., September 20-22, 2011. Tyfone’s mobile banking solutions integrate seamlessly with the Symitar Episys core. Tyfone will be showcasing its secure mobile banking technology, its unique revenue generation Mobile Wallet Service called iCashé and introducing SideSafe – its Secure Mobile Authentication solution at the event."

Mitek Systems Brings Balance Transfer to Smartphones; Mobile Imaging Makes It As Easy As 'Point, Shoot and Transfer'
"Mitek Systems, Inc., the leader in mobile-imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, today announced an innovative application for the financial services industry that enables consumers to switch bank credit card accounts as simply as 'Point, Shoot and Transfer."'