Microsoft makes a move in mobile payments
"Somewhat sadly, Microsoft has been an afterthought when it comes to the mobile payments battle--until now. With Windows 8, the Redmond, Calif., giant seems bent on taking on Google as an NFC digital wallet provider, a rare chance for it to play the underdog. The company's Windows 8 launch presentation was heavy with plugs for its planned NFC component and it showed off a wide array of features in a bid to offer 'the most complete wallet experience.' That's a big challenge."
Mobile Banking vs. Online Banking
"Tamara here, AllClear ID Investigator. Financial institutions have been working for years to make banking more accessible and convenient for their members. It started with ATMs, then with Internet banking, and now mobile banking. Mobile banking is convenient in that with a phone that has the capabilities, starting with text transaction processing and now moving to online access. Let’s compare mobile banking versus Internet banking."
Big Study Examines Retail Banking Channel Preferences
"Cisco has released findings from a broad, multi-channel study, gauging consumer preferences for branches, mobile, video and social.
Released through its Internet Business Solutions Group, Cisco’s survey encompassed some 5,300 consumers across eight developed- and emerging countries: US, UK, Canada, Germany, France, Brazil, China and Mexico."
Tablet Interest Builds in Next Phase of Mobile Usage
"Just as one format for mobile banking enters the mainstream, another form is beginning its stampede across the financial services landscape.
The word among some industry leaders is that, suddenly, apps for tablet computers are a must- have. Transformational as mobile phones have proven, the changes now are accelerating with tablet computers such as Apple’s iPad and Amazon’s Kindle Fire."
Banks to invest more in mobile
"With interest growing in mobile banking, retail banks plan to invest more in mobile technologies, according to a new report by Forrester Research. The mobile investments will focus on alerts, remote deposits and person-to-person payments, according to the survey conducted by Forrester Research of members of Consumer Bankers Association. Almost 20 percent of U.S. online adults are active mobile bankers, according to Forrester."
Showing posts with label Cisco. Show all posts
Showing posts with label Cisco. Show all posts
Sunday, July 1, 2012
Tuesday, June 26, 2012
Mobile Banking Updates - Jun 26
Mobile Banking is Here to Stay
"If there was one overarching theme that came out of Bank Systems & Technology's Virtual Event "How Mobile Is Transforming Banking's Competitive Landscape" on Thursday it's that mobile is indeed the future. While mobile banking adoption sits in the 10-15 percent or so range -- and even less for tablet banking -- the numbers are increasing every day, as technology continues to rapidly advance. It's not a stretch to say that within five years, most bank customers with access their account via a mobile device. We've collected the top quotes from the BS&T event about all things mobile."
Targeting Underbanked Consumers With Mobile Banking Solutions
"Underbanked consumers — those without a checking account — rely on their mobile phones more so than other segments, making them a prime target for mobile banking services, mobile prepaid, and mobile P2P money transfer solutions. Mobile services and the underbanked are two of the hottest topics in the financial industry today, but few people weave the two issues together. But a new study from Javelin Strategy & Research suggests financial marketers might be missing a huge opportunity by tackling mobile and the underbanked separately."
Forrester/CBA Survey: Retail Banks Increasing Mobile Investment
"Responding to consumers' growing interest in banking from their mobile devices, retail banks plan to invest more money to enhance their mobile offerings, according to the first-ever survey of Consumer Bankers Association (CBA) members conducted by Forrester Research, Inc. FORR +2.15% in collaboration with CBA's Emerging Channels Committee. CBA members reported they will spend one-third of their total digital budget on the mobile channel this year. The joint research project surveyed digital executives at 19 leading US and Canadian banks. The findings -- summarized in a two-part report, "The State Of North American Retail Banking eBusiness 2012" -- enable eBusiness & Channel Strategy professionals in the banking industry to benchmark their priorities, goals, and metrics."
Consumers Seek Specialty Branches and Stewards of Their Digital Footprints
"Mobile banking may get all the attention, but among virtual banking channels, it's online banking that really resonates. And bricks-and-mortar branches still have plenty of room to run. So concludes a survey released Wednesday in which Cisco asked 5,300 consumers in eight countries how they would like to bank."
Seven Notes on Mobile Payments and Mobile Banking
"1) Eleven percent of consumers made a mobile payment in 2011. 2) Demographics say that the future of banking is mobile. People aged 18 to 29 are three and one-half times more likely to use mobile banking as compared to people aged between 45 and 59. Latinos and African-Americans are both more than one and one-half times more likely that non-Hispanic whites to use mobile banking."
Credit unions keeping pace with mobile banking trends
"A rise in mobile banking is prompting area credit unions to revamp some products and offer new services to meet consumer needs. A recent study issued by the Federal Reserve, titled Consumers and Mobile Financial Services and dated March 2012, states that nearly one out of every five Americans with a bank account and mobile phone has used their phone to check account balances and conduct banking."
"If there was one overarching theme that came out of Bank Systems & Technology's Virtual Event "How Mobile Is Transforming Banking's Competitive Landscape" on Thursday it's that mobile is indeed the future. While mobile banking adoption sits in the 10-15 percent or so range -- and even less for tablet banking -- the numbers are increasing every day, as technology continues to rapidly advance. It's not a stretch to say that within five years, most bank customers with access their account via a mobile device. We've collected the top quotes from the BS&T event about all things mobile."
Targeting Underbanked Consumers With Mobile Banking Solutions
"Underbanked consumers — those without a checking account — rely on their mobile phones more so than other segments, making them a prime target for mobile banking services, mobile prepaid, and mobile P2P money transfer solutions. Mobile services and the underbanked are two of the hottest topics in the financial industry today, but few people weave the two issues together. But a new study from Javelin Strategy & Research suggests financial marketers might be missing a huge opportunity by tackling mobile and the underbanked separately."
Forrester/CBA Survey: Retail Banks Increasing Mobile Investment
"Responding to consumers' growing interest in banking from their mobile devices, retail banks plan to invest more money to enhance their mobile offerings, according to the first-ever survey of Consumer Bankers Association (CBA) members conducted by Forrester Research, Inc. FORR +2.15% in collaboration with CBA's Emerging Channels Committee. CBA members reported they will spend one-third of their total digital budget on the mobile channel this year. The joint research project surveyed digital executives at 19 leading US and Canadian banks. The findings -- summarized in a two-part report, "The State Of North American Retail Banking eBusiness 2012" -- enable eBusiness & Channel Strategy professionals in the banking industry to benchmark their priorities, goals, and metrics."
Consumers Seek Specialty Branches and Stewards of Their Digital Footprints
"Mobile banking may get all the attention, but among virtual banking channels, it's online banking that really resonates. And bricks-and-mortar branches still have plenty of room to run. So concludes a survey released Wednesday in which Cisco asked 5,300 consumers in eight countries how they would like to bank."
Seven Notes on Mobile Payments and Mobile Banking
"1) Eleven percent of consumers made a mobile payment in 2011. 2) Demographics say that the future of banking is mobile. People aged 18 to 29 are three and one-half times more likely to use mobile banking as compared to people aged between 45 and 59. Latinos and African-Americans are both more than one and one-half times more likely that non-Hispanic whites to use mobile banking."
Credit unions keeping pace with mobile banking trends
"A rise in mobile banking is prompting area credit unions to revamp some products and offer new services to meet consumer needs. A recent study issued by the Federal Reserve, titled Consumers and Mobile Financial Services and dated March 2012, states that nearly one out of every five Americans with a bank account and mobile phone has used their phone to check account balances and conduct banking."
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