Google Glass Half-Empty for Wells Fargo Beta Testers

"A mobile banking application created by Wells Fargo Co. for Google Inc.’s wearable Google Glass computing device isn’t gaining much traction among internal testers, according to Miranda Hill, vice president and product management manager for Wells Fargo Labs. The app is part of the bank’s efforts to focus on applications for mobile devices." Continue Reading

The Internet of everything and payment by things

"At the present moment, mobile payments are thought of as mostly a payment system through the use of mobile phones. These phones allow us access to our online accounts through websites and apps, and even mobile banking can allow for a "pay by phone" at point of sale if you've forgotten your wallet. However, in the not-too-distant future, wearable technologies such as Google Glass may supplant your phone. A "Glass payment" does sound a bit odd, doesn't it?" Continue Reading

Wearable Banking: Banks Roll Out First Apps for Google Glass

"Banks like Banco Sabadell in Spain and a handful of others have launched the world’s first banking apps for Google Glass. For those who don’t know, Google Glass is the much-anticipated technological gadget that Google plans to launch publicly next year. It is a wearable computer, with a webcam and an optical display facing the user’s eyeball. There’s a built-in microphone, and it’s GPS capable — all packed into one ultra sleek headset." Continue Reading

Mobile Banking Updates - Mar 7

Google Glass Could Spur Mobile Banking on Steroids
"Since their inception, computers have morphed. Once bulky, now small. Once obvious, now discreet. Soon they will be wearable. So, when you walk down the street, a message will brilliantly appear in the corner of your eyewear: Look, an ATM! What seems like a futuristic fantasy could become reality later this year. Google's (GOOG) latest foray into wearable computing, Glass, is ripe for financial services innovation. It is similar to what you'd imagine to be the heads up display inside a fighter pilot helmet."

The Future Of Mobile Banking Fueled By Smartphone Cameras
"The impetus for financial institutions to provide mobile remote deposit capture and mobile photo bill pay is growing. A full 58% of iPhone users finding mobile deposit desirable, and 42% of mobile bankers say they’d like to use photo bill pay. Mobile remote deposit has created a buzz and it is a surprisingly popular service among consumers. For many consumers looking for a reason to try mobile banking, remote deposit seems to fit the bill."