Oklahoma CU Deploys Tyfone Mobile Banking
"Communication Federal Credit Union is deploying Tyfone's mobile banking software. Tyfone's suite enables mobile banking via mobile app, mobile web or SMS. It is capable of integrating with Fiserv's XP2 core account processing software and is said to provide financial institutions a path to deploying mobile payments through its iCashe mobile wallet. The Oklahoma City-based credit union—which has about $850 million in assets and serves 55,000 members in Oklahoma and Kansas—and Tyfone did not immediately return requests for comment on the scheduled rollout of mobile banking and payments."
FIS Looks Forward On Mobile
"When Jacksonville, Fla.-based FIS completed its acquisition of mobile banking and payment solutions provider mFoundry last week, it was not just a one-off business transaction but part of a larger mobile strategy the company is planning over the next decade.
"We see mobile as being a huge part of our future at FIS and the future of the clients we serve," Susan Hawkins, Group Executive and General Manager of eBanking, Mobile and Commercial Treasury Solution at FIS, recently told Bank Systems & Technology."
Snap happy mobile banking customers deposit checks via photos
"Earlier this month, Juniper Research released their "Mobile Banking: Handset & Tablet Market Strategies 2013-2017" report revealing that, within the next four years, 19% of tablet owners will carry out bill payments via their mobile device compared to the 9% that currently do so. New research, this time from mobile document capture software firm Mitek, found that Americans are increasingly comfortable with depositing money into their accounts simply by taking a photo of a check. More than 12 million have now done so, depositing more than $40 billion in to accounts. According to Mitek president and CEO, James B. DeBello, mobile banking is not only fast, easy, and gratifying, it's also fun."
Tablet Banking Forecast 2013-2017: Mobile Banking Users to Exceed One Billion by 2017
"Online banking is common enough these days, but Juniper Research believes the practice is heading to the mobile world. The March 12 report shows that users have become accustomed to pushed financial services, particularly tablet banking. The acceptance of mobile banking apps, plus the vast numbers of tablets in circulation among consumers, will encourage people to look up and pay their bills on mobile devices."
Banks Now Able to Enrich their Consumer Banking Offerings with New Online and Mobile Banking Range of Products from Misys
"At the 'Misys MENA Market Forum 2013' today Misys is announcing its new innovative range of online and mobile banking products, Misys BankFusion Digital Channels, which significantly enhances the way banks provide products and services via the Internet or mobile devices. Misys BankFusion Digital Channels comprises a range of proven and mature modules covering online banking, mobile banking, personal financial management and Internet brokerage, which enable banks to extend their services and add more value to their customers. The innovative solution enables banks to keep up to date with the changing needs of consumers. It allows banks to provide a better digital service all the time and allows them to optimise their costs, as customers migrate from transacting in branches to banking via digital channels."
Showing posts with label mFoundry. Show all posts
Showing posts with label mFoundry. Show all posts
Thursday, March 28, 2013
Sunday, February 3, 2013
Mobile Banking Updates - Feb 3
Mobile Banking And Payment Startup mFoundry Sold To FIS For $120M On $165M Valuation
"Some consolidation in the world of mobile payments and mobile banking: mFoundry is getting acquired by FIS for $120 million. FIS — a banking and payment provider that works with some 14,000 banks worldwide — already had a 22% stake in the company; today’s deal will see it paying for the remaining 78% in cash, for a total valuation of $162-$165 million. mFoundry provides mobile banking and mobile payment solutions to some 850 banks and retailers, including Bank of America and Starbucks, which uses some of mFoundry’s technology to enable mobile payments, which complements the partnership that Starbucks has with Square."
Apple Patents Crowdsourced, Peer-To-Peer Mobile Banking That Could Use iTunes To Provide Cash On Demand
"Today the USPTO published an Apple patent application (spotted by UnwiredView) that ventures a little farther afield than most, and describes a mobile banking concept that is truly innovative, which could essentially turn iTunes into a micro-lending bank. The patent outlines a system whereby a user would post requests for small amounts of cash using their iPhone, which other nearby users could respond to to provide some quick funds when there’s no ATM nearby."
HOW TO ENCOURAGE MOBILE BANKING USE
"When we look at our Technographics data on mobile banking adoption by bank, it’s clear that some banks are doing much better than others. Why? Some banks are lucky. Some banks have distinctive brands or propositions that have earned them a customer base that is younger, better educated and higher income than the population as a whole. These customers are more likely to own smartphones, more like to use the mobile Internet, and more likely to be technology optimists. That makes them pre-disposed towards using mobile banking and so relatively easier to persuade to adopt mobile banking. Others have just worked hard. The rising tide of mobile Internet adoption is not raising all boats at equal speed. Some banks have persuaded far more of their customers to use mobile banking than others. The secret of their success? The digital banking teams at the most successful banks have worked long and hard to design, build and promote mobile banking services that meet their customers’ needs."
Mobile banking focuses on customer convenience
"Mobile banking is all about convenience. 'Customers don’t go anywhere without their phones anymore. With mobile, it’s all right there,' said Brad Larson, Great Western Bank operations manager. Great Western Bank launched mobile services last year, with text banking, a mobile website and applications for Apple, Blackberry and Android mobile devices."
"Some consolidation in the world of mobile payments and mobile banking: mFoundry is getting acquired by FIS for $120 million. FIS — a banking and payment provider that works with some 14,000 banks worldwide — already had a 22% stake in the company; today’s deal will see it paying for the remaining 78% in cash, for a total valuation of $162-$165 million. mFoundry provides mobile banking and mobile payment solutions to some 850 banks and retailers, including Bank of America and Starbucks, which uses some of mFoundry’s technology to enable mobile payments, which complements the partnership that Starbucks has with Square."
Apple Patents Crowdsourced, Peer-To-Peer Mobile Banking That Could Use iTunes To Provide Cash On Demand
"Today the USPTO published an Apple patent application (spotted by UnwiredView) that ventures a little farther afield than most, and describes a mobile banking concept that is truly innovative, which could essentially turn iTunes into a micro-lending bank. The patent outlines a system whereby a user would post requests for small amounts of cash using their iPhone, which other nearby users could respond to to provide some quick funds when there’s no ATM nearby."
HOW TO ENCOURAGE MOBILE BANKING USE
"When we look at our Technographics data on mobile banking adoption by bank, it’s clear that some banks are doing much better than others. Why? Some banks are lucky. Some banks have distinctive brands or propositions that have earned them a customer base that is younger, better educated and higher income than the population as a whole. These customers are more likely to own smartphones, more like to use the mobile Internet, and more likely to be technology optimists. That makes them pre-disposed towards using mobile banking and so relatively easier to persuade to adopt mobile banking. Others have just worked hard. The rising tide of mobile Internet adoption is not raising all boats at equal speed. Some banks have persuaded far more of their customers to use mobile banking than others. The secret of their success? The digital banking teams at the most successful banks have worked long and hard to design, build and promote mobile banking services that meet their customers’ needs."
Mobile banking focuses on customer convenience
"Mobile banking is all about convenience. 'Customers don’t go anywhere without their phones anymore. With mobile, it’s all right there,' said Brad Larson, Great Western Bank operations manager. Great Western Bank launched mobile services last year, with text banking, a mobile website and applications for Apple, Blackberry and Android mobile devices."
Thursday, October 18, 2012
Mobile Banking Updates - Oct 18
Blackhawk Network To Offer Gift Cards Through mFoundry’s New Mobile Banking Platform
"Banks and credit unions now have an opportunity to generate a new source of top-line revenue by offering gift cards to their mobile banking customers through a relationship announced today between Blackhawk Network and mFoundry. Blackhawk Network, a leading provider of prepaid and financial payments products for consumers and businesses, has contracted with mFoundry, enabling Blackhawk to offer digital and physical gift cards from hundreds of brand name merchants to smartphone users through Fin.X from mFoundry."
Mobile banking vs. mobile payments - which is bigger?
"The other day, out of sheer curiosity, I Googled the words 'mobile payments.' The search turned up 'About 34,100,000 results.' Wow, I thought. Then I searched the same term in the Google News section. 'About 69,700 results.' Hmmm. Interesting."
Fortune Bank unveils mobile, remote banking services
"Community lender, Fortune Bank has unveiled a suite of mobile banking services, including Business Payment Manager, XPRESS Deposit and Mobile Banking, to boost customer access and convenience. The services are available for free of cost to existing and new customers through smartphones including iPhone, Android, or BlackBerry, the bank said."
Diebold adds RDC, P2P to mobile banking platform
"Diebold is increasing its presence in the growing mobile banking channel with the addition of two new features — remote deposit capture and person-to-person payments — to its MobiTransact mobile banking platform. The RDC application can also be added as a standalone feature to an FI's existing mobile banking app."
River City Credit Union in San Antonio Launches Bilingual Mobile App
"River City Federal Credit Union has announced its launch of a bilingual mobile banking app, rcitymobile, that is available in both the Apple Apps Store and Google’s Play store. The San Antonio credit union – with 15,000 members and $157 million in assets – developed its app in association with Catalyst Corporate and Austin, Texas-based apps developer Malauzai. In a press statement, Kim Heinze, CEO of River City FCU, said: 'The Spanish-language capability also allows us to enhance our service to the local Hispanic market, which is an important part of our growth strategy.'”
Dwolla Partners With mFoundry, Bringing Real-Time P2P Mobile Payment Capabilities To 800+ U.S. Banks
"Online and mobile digital cash network Dwolla is partnering with mobile banking and payments service provider mFoundry, the companies are announcing today at the BAI conference in Washington, D.C. This is Dwolla’s first publicly announced partnership with a financial service provider, and the deal opens its service up to mFoundry’s 800+ banks and credit unions using its cloud banking platform known as Fin.X."
Monitise reveals new record for mobile banking adoption
"Monitise has revealed a new record for the adoption ob mobile banking by Desert Schools Federal Credit Union. Monitise - a leading technology and services company that delivers mobile banking, payments and commerce networks worldwide - said DSFCU reached 30% mobile banking adoption in 90 days."
"Banks and credit unions now have an opportunity to generate a new source of top-line revenue by offering gift cards to their mobile banking customers through a relationship announced today between Blackhawk Network and mFoundry. Blackhawk Network, a leading provider of prepaid and financial payments products for consumers and businesses, has contracted with mFoundry, enabling Blackhawk to offer digital and physical gift cards from hundreds of brand name merchants to smartphone users through Fin.X from mFoundry."
Mobile banking vs. mobile payments - which is bigger?
"The other day, out of sheer curiosity, I Googled the words 'mobile payments.' The search turned up 'About 34,100,000 results.' Wow, I thought. Then I searched the same term in the Google News section. 'About 69,700 results.' Hmmm. Interesting."
Fortune Bank unveils mobile, remote banking services
"Community lender, Fortune Bank has unveiled a suite of mobile banking services, including Business Payment Manager, XPRESS Deposit and Mobile Banking, to boost customer access and convenience. The services are available for free of cost to existing and new customers through smartphones including iPhone, Android, or BlackBerry, the bank said."
Diebold adds RDC, P2P to mobile banking platform
"Diebold is increasing its presence in the growing mobile banking channel with the addition of two new features — remote deposit capture and person-to-person payments — to its MobiTransact mobile banking platform. The RDC application can also be added as a standalone feature to an FI's existing mobile banking app."
River City Credit Union in San Antonio Launches Bilingual Mobile App
"River City Federal Credit Union has announced its launch of a bilingual mobile banking app, rcitymobile, that is available in both the Apple Apps Store and Google’s Play store. The San Antonio credit union – with 15,000 members and $157 million in assets – developed its app in association with Catalyst Corporate and Austin, Texas-based apps developer Malauzai. In a press statement, Kim Heinze, CEO of River City FCU, said: 'The Spanish-language capability also allows us to enhance our service to the local Hispanic market, which is an important part of our growth strategy.'”
Dwolla Partners With mFoundry, Bringing Real-Time P2P Mobile Payment Capabilities To 800+ U.S. Banks
"Online and mobile digital cash network Dwolla is partnering with mobile banking and payments service provider mFoundry, the companies are announcing today at the BAI conference in Washington, D.C. This is Dwolla’s first publicly announced partnership with a financial service provider, and the deal opens its service up to mFoundry’s 800+ banks and credit unions using its cloud banking platform known as Fin.X."
Monitise reveals new record for mobile banking adoption
"Monitise has revealed a new record for the adoption ob mobile banking by Desert Schools Federal Credit Union. Monitise - a leading technology and services company that delivers mobile banking, payments and commerce networks worldwide - said DSFCU reached 30% mobile banking adoption in 90 days."
Sunday, October 14, 2012
BAI Mobile Banking Updates - Oct 14
mFoundry Launches New Mobile Banking Platform
"Mobile banking and payments provider mFoundry announced the release of a new mobile banking platform it says will offer banks new ways to capitalize on the continued growth of mobile banking services. mFoundry’s Fin.X product enables financial institutions financial institutions to deliver mobile banking services through an "advanced extensible architecture," said the company. mFoundry also announced a service provider network for Fin.X of 30 companies, including FIS, Diebold, Dwolla, Blackhawk Network and Micronotes."
Breaking the Glass Ceiling of Mobile Banking Adoption
"Credit unions of every shape, size and type recognize the benefits that mobile banking offers – a lower cost to serve, increased member satisfaction, retention and a higher return on investment. But for many, breaking through the mobile banking adoption glass ceiling has been challenging. The mobile banking glass ceiling lies just beyond the threshold of early adopters, designated as the first 20% of a financial institution’s online banking user base. Many credit unions are on a mobile banking adoption path that attracts the early adopters within a year of offering the service, but the trajectory then stagnates to include just a small additional percentage of adopters over the next two years."
Survey: millennials drive rising popularity of mobile banking
"Mobile banking providers like mFoundry are expanding the services available through mobile banking tools, creating a network of providers linked through a financial institutions mobile portal. A new survey by the American Bankers Association shows why that strategy makes sense. The study found a sharp rise in the popularity of mobile banking, driven mainly by customers in the 18 to 34-year-old age group."
BAI Retail Delivery: Branson Wows, but Mobile 2.0 Rules
"Keynotes by Sir Richard Branson, the $4 billion Virgin serial entrepreneur, and global strategist Jonathan Salem Baskin. Panel after panel on mobile banking, peer-to peer-payments and the rules of engagement with social media. A tentative obituary for near field communication, an innovative payments technology around which enthusiasm seems to be crumbling."
American Express and Walmart Team for Consumer Mobile Banking
"For days, speculation has loomed about what the forthcoming partnership between American Express and Walmart would mean. Now we know. On Monday, Walmart and American Express confirmed the launch of Bluebird – an alternative to debit and checking accounts designed to help consumers 'better manage and control their everyday finances.' According to Walmart and American Express, Bluebird has been developed for the tens of millions of Americans who are looking for advanced capabilities such as deposits by smartphone and mobile bill pay. Bluebird will be available next week online at bluebird.com and in more than 4,000 Walmart stores."
Survey: Mobile banking grows in popularity
"Mobile and Internet banking are becoming more popular among bank customers around the country, especially those aged 18 to 34, according to a survey conducted by the American Bankers Association. Mobile banking is the preferred way to conduct business for 6 percent of customers of all ages. But of millennials — the 18 to 34 age group — 15 percent said their favorite method of banking was mobile."
BAI, Mobile Banking Rings the Cash Register: Onsite Coverage
"Mobile banking will save you money. And it will make you money. Those are the two top-line messages from an opening day BAI Retail Delivery session at the Washington Convention Center on Tuesday with Zions Bancorporation senior vice president Matthew Wilcox and Drew Sievers, CEO of mFoundry, a mobile banking apps developer."
"Mobile banking and payments provider mFoundry announced the release of a new mobile banking platform it says will offer banks new ways to capitalize on the continued growth of mobile banking services. mFoundry’s Fin.X product enables financial institutions financial institutions to deliver mobile banking services through an "advanced extensible architecture," said the company. mFoundry also announced a service provider network for Fin.X of 30 companies, including FIS, Diebold, Dwolla, Blackhawk Network and Micronotes."
Breaking the Glass Ceiling of Mobile Banking Adoption
"Credit unions of every shape, size and type recognize the benefits that mobile banking offers – a lower cost to serve, increased member satisfaction, retention and a higher return on investment. But for many, breaking through the mobile banking adoption glass ceiling has been challenging. The mobile banking glass ceiling lies just beyond the threshold of early adopters, designated as the first 20% of a financial institution’s online banking user base. Many credit unions are on a mobile banking adoption path that attracts the early adopters within a year of offering the service, but the trajectory then stagnates to include just a small additional percentage of adopters over the next two years."
Survey: millennials drive rising popularity of mobile banking
"Mobile banking providers like mFoundry are expanding the services available through mobile banking tools, creating a network of providers linked through a financial institutions mobile portal. A new survey by the American Bankers Association shows why that strategy makes sense. The study found a sharp rise in the popularity of mobile banking, driven mainly by customers in the 18 to 34-year-old age group."
BAI Retail Delivery: Branson Wows, but Mobile 2.0 Rules
"Keynotes by Sir Richard Branson, the $4 billion Virgin serial entrepreneur, and global strategist Jonathan Salem Baskin. Panel after panel on mobile banking, peer-to peer-payments and the rules of engagement with social media. A tentative obituary for near field communication, an innovative payments technology around which enthusiasm seems to be crumbling."
American Express and Walmart Team for Consumer Mobile Banking
"For days, speculation has loomed about what the forthcoming partnership between American Express and Walmart would mean. Now we know. On Monday, Walmart and American Express confirmed the launch of Bluebird – an alternative to debit and checking accounts designed to help consumers 'better manage and control their everyday finances.' According to Walmart and American Express, Bluebird has been developed for the tens of millions of Americans who are looking for advanced capabilities such as deposits by smartphone and mobile bill pay. Bluebird will be available next week online at bluebird.com and in more than 4,000 Walmart stores."
Survey: Mobile banking grows in popularity
"Mobile and Internet banking are becoming more popular among bank customers around the country, especially those aged 18 to 34, according to a survey conducted by the American Bankers Association. Mobile banking is the preferred way to conduct business for 6 percent of customers of all ages. But of millennials — the 18 to 34 age group — 15 percent said their favorite method of banking was mobile."
BAI, Mobile Banking Rings the Cash Register: Onsite Coverage
"Mobile banking will save you money. And it will make you money. Those are the two top-line messages from an opening day BAI Retail Delivery session at the Washington Convention Center on Tuesday with Zions Bancorporation senior vice president Matthew Wilcox and Drew Sievers, CEO of mFoundry, a mobile banking apps developer."
Tuesday, September 4, 2012
Mobile Banking Updates - Sept 4
Fast-Growing Companies in 2012: Technology
"Mobile banking technology developer mFoundry has announced a number of notable additions to its list of clients this year, following an $18 million infusion of growth capital in late 2011. The Larkspur-based firm, launched in 2004, currently provides cloud-based mobile banking and payments to over 700 banks and credit unions nationwide and one-third of the top 50 financial institutions in the United States. The company reports 10 million users, and also operates the Starbucks Card Mobile platform for Starbucks Coffee Company."
For Popular of Illinois, Small-Business Mobile Banking Is All About Entitlements
"To provide mobile banking for their small-business clients, some banks recast and remarket their consumer mobile banking programs rather than create something new. The critical piece that such an approach lacks is entitlements — giving the small-business owner a say in who can do what in the business account, says Javier Reyes, vice president, manager of cash management services for Popular Community Bank, Chicago. The bank last week launched a homegrown small-business banking application."
Want banking innovation? Stop hiring bankers!
"The shifting landscape of providers offering banking services is likely to force the (till date) in-bred banking sector to make acquisitions outside, bringing in leaders with techno-business backgrounds at the helm of bread-and-butter businesses divisions rather than just at the fringes (e.g. "Head of Mobile Banking") as has been the case so far. From being the "electronic data processing" department, technology in banks has come a long way."
How Mobile Is Changing Community Banks
"Some community banks are quickly leveling the playing field with larger ones in the mobile channel, introducing services like mobile remote deposit capture and mobile P2P almost immediately after (or sometimes even before) the bigger banks get around to it. But mobile is also changing the traditional value proposition of a community bank where you walk through the branch door and everyone knows you. Instead of going to the branch, people are using their mobile devices for simple transactions, potentially making it more difficult for community banks to deliver the personal touch that is at the heart of their value to the customer."
Numbers: Sunny Outlook for Mobile Banking (U.S.)
"ComScore's latest mobile usage numbers provide useful context as you head in to the 2013 business planning cycle. With 42 million monthly smartphone users, mobile banking penetration (38%) is similar to other specialized information services such as sports (39%), news (49%), and movie info (30%)."
SunTrust updates smartphone app to accept mobile deposits
"In keeping step with banking giants Bank of America, Wells Fargo and First Tennessee, SunTrust Banks Inc. has released an update to its mobile banking smartphone app to include mobile deposits. Using their smartphone’s camera, SunTrust (NYSE: STI) customers can now take a picture of the front and back of their checks to submit them for deposit."
Do Banks Really Need To "Own" Mobile Banking?
"Australian Banks have often been at the forefront of global banking trends, or at the very least, fast followers that learn quickly from the mistakes of others. In Australia, mobile banking has quickly become a "war" amongst the majors with a range of different banking services and approaches - from basic access to transactional histories, transfers, payments, integrated retail services, and even near-field-communications-based micro-payments systems. But how much of the mobile banking channel do banks really need to own? Most banks no longer own or operate their own ATM networks. They control the flow of transactions through that channel, but they generally have little to no interest in owning the assets or operating ATM cash management processes."
"Mobile banking technology developer mFoundry has announced a number of notable additions to its list of clients this year, following an $18 million infusion of growth capital in late 2011. The Larkspur-based firm, launched in 2004, currently provides cloud-based mobile banking and payments to over 700 banks and credit unions nationwide and one-third of the top 50 financial institutions in the United States. The company reports 10 million users, and also operates the Starbucks Card Mobile platform for Starbucks Coffee Company."
For Popular of Illinois, Small-Business Mobile Banking Is All About Entitlements
"To provide mobile banking for their small-business clients, some banks recast and remarket their consumer mobile banking programs rather than create something new. The critical piece that such an approach lacks is entitlements — giving the small-business owner a say in who can do what in the business account, says Javier Reyes, vice president, manager of cash management services for Popular Community Bank, Chicago. The bank last week launched a homegrown small-business banking application."
Want banking innovation? Stop hiring bankers!
"The shifting landscape of providers offering banking services is likely to force the (till date) in-bred banking sector to make acquisitions outside, bringing in leaders with techno-business backgrounds at the helm of bread-and-butter businesses divisions rather than just at the fringes (e.g. "Head of Mobile Banking") as has been the case so far. From being the "electronic data processing" department, technology in banks has come a long way."
How Mobile Is Changing Community Banks
"Some community banks are quickly leveling the playing field with larger ones in the mobile channel, introducing services like mobile remote deposit capture and mobile P2P almost immediately after (or sometimes even before) the bigger banks get around to it. But mobile is also changing the traditional value proposition of a community bank where you walk through the branch door and everyone knows you. Instead of going to the branch, people are using their mobile devices for simple transactions, potentially making it more difficult for community banks to deliver the personal touch that is at the heart of their value to the customer."
Numbers: Sunny Outlook for Mobile Banking (U.S.)
"ComScore's latest mobile usage numbers provide useful context as you head in to the 2013 business planning cycle. With 42 million monthly smartphone users, mobile banking penetration (38%) is similar to other specialized information services such as sports (39%), news (49%), and movie info (30%)."
SunTrust updates smartphone app to accept mobile deposits
"In keeping step with banking giants Bank of America, Wells Fargo and First Tennessee, SunTrust Banks Inc. has released an update to its mobile banking smartphone app to include mobile deposits. Using their smartphone’s camera, SunTrust (NYSE: STI) customers can now take a picture of the front and back of their checks to submit them for deposit."
Do Banks Really Need To "Own" Mobile Banking?
"Australian Banks have often been at the forefront of global banking trends, or at the very least, fast followers that learn quickly from the mistakes of others. In Australia, mobile banking has quickly become a "war" amongst the majors with a range of different banking services and approaches - from basic access to transactional histories, transfers, payments, integrated retail services, and even near-field-communications-based micro-payments systems. But how much of the mobile banking channel do banks really need to own? Most banks no longer own or operate their own ATM networks. They control the flow of transactions through that channel, but they generally have little to no interest in owning the assets or operating ATM cash management processes."
Thursday, July 19, 2012
Mobile Banking Updates - Jul 19
New E-Banking Trojans Target Android Users
"The security firm Trusteer reports that new Web-based attacks are targeting Android smartphone users in a campaign to circumvent two-factor sign-on features used by many banks to protect account holders. Writing on the Trusteer blog on Tuesday, CTO Amit Klein of Trusteer said that researchers there have identified new attacks against mobile banking customers that use both the SpyEye and Tatanga banking Trojans."
University Federal Credit Union Registers 20,000th Member for Mobile Banking, Reaches 25 Percent Adoption in Nine Months
"mFoundry, North America's largest mobile banking and payments provider, today announced University Federal Credit Union (UFCU) has registered its 20,000th member for mobile banking, achieving 25% adoption in the first nine months. UFCU is also experiencing strong adoption for its mobile deposit offering, an integrated component to its mobile banking applications, processing more than $2MM in mobile deposits per month."
Shady Mobile Banking App Plays Man-in-the-Mobile
"Mobile banking users from Spain, Portugal, the Netherlands and Germany have been hit by a wave of Man-in-the-Mobile attacks that seek to move funds from one account to another. The attack seems based on advanced financial malware such as the notorious SpyEye and Tatanga, two e-threats that can manipulate banking accounts to hijack transactions and hide the missing money from the account holder. This time, the Trojans use web injects to add code in the browsers of Windows users in order to trick them install an alleged mobile banking application. These prompts show up when visiting the financial institution’s web page, so the request to install the mobile app looks legit."
Friday, June 15, 2012
Mobile Banking Updates - Jun 15
Tyfone Inks Mobile Banking Pact With Giant SSFCU
"The wait is over. After a year of deliberation, and sorting through myriad ways to take its 875,000 members mobile, San Antonio-based Security Service Federal Credit Union has announced its selection of Portland, Ore.-based Tyfone as its mobile banking provider. A top 10 credit union – with more than $6 billion in assets – SSFCU had not provided its members with mobile banking but knew this was high on the list of what members wanted in additional services."
CSI Launches PFM Solution for Internet Banking
"Computer Services, Inc. (CSI) (otcqx:CSVI), a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, released its new Personal Financial Management (PFM) service for its Internet banking customers. The PFM service delivers consumers a one-stop online location to manage all of their personal finances and accounts within their bank's Internet banking application."
mFoundry Launches Mobile Banking Solution for Eli Lilly Federal Credit Union
"mFoundry, North America's largest mobile banking and payments provider, today announced Eli Lilly Federal Credit Union (ELFCU) has launched ELFCUmobile, a full-featured mobile banking solution that includes native mobile applications, mobile Web and SMS/text banking."
Clairmail Awarded 2012 Best Mobile Application or Service
"Clairmail, Inc., the leader in mobile banking and payments solutions, today announced it was named the Best Mobile Application or Service in the 2012 San Francisco Business Times Tech and Innovation Awards. The Tech and Innovation Award winners were chosen across 15 categories for solving challenging problems, all while growing companies and creating jobs in the Bay Area."
"The wait is over. After a year of deliberation, and sorting through myriad ways to take its 875,000 members mobile, San Antonio-based Security Service Federal Credit Union has announced its selection of Portland, Ore.-based Tyfone as its mobile banking provider. A top 10 credit union – with more than $6 billion in assets – SSFCU had not provided its members with mobile banking but knew this was high on the list of what members wanted in additional services."
CSI Launches PFM Solution for Internet Banking
"Computer Services, Inc. (CSI) (otcqx:CSVI), a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, released its new Personal Financial Management (PFM) service for its Internet banking customers. The PFM service delivers consumers a one-stop online location to manage all of their personal finances and accounts within their bank's Internet banking application."
mFoundry Launches Mobile Banking Solution for Eli Lilly Federal Credit Union
"mFoundry, North America's largest mobile banking and payments provider, today announced Eli Lilly Federal Credit Union (ELFCU) has launched ELFCUmobile, a full-featured mobile banking solution that includes native mobile applications, mobile Web and SMS/text banking."
Clairmail Awarded 2012 Best Mobile Application or Service
"Clairmail, Inc., the leader in mobile banking and payments solutions, today announced it was named the Best Mobile Application or Service in the 2012 San Francisco Business Times Tech and Innovation Awards. The Tech and Innovation Award winners were chosen across 15 categories for solving challenging problems, all while growing companies and creating jobs in the Bay Area."
Thursday, May 3, 2012
Mobile Banking Vendor Updates
Sybase 365 and Dutch Bangla-Bank recognised for “Best Mobile Banking Initiative” at Asian Banker Technology Awards
"Sybase 365, a subsidiary of Sybase, Inc., an SAP company and the global leader in mobile messaging and mobile commerce services, today announced that together with the Dutch-Bangla Bank Limited (DBBL), both companies were presented the “Best Mobile Banking Initiative Award” at The Asian Banker Technology Implementation Awards 2012."
KeyBank Launches New Mobile Banking Solution with mFoundry
"mFoundry, North America's largest mobile banking and payments provider, today announced KeyBank launched mFoundry's mobile banking technology, mBanking, to expand the bank's mobile banking offering. mFoundry's mobile banking solution is now used by nearly 10 million consumers across more than 675 financial institutions nationwide, including one-third of the top 50 banks in the United States. KeyBank is the latest financial institution to select mFoundry's mBanking solution to support its mobile banking requirements."
Ensenta and MShift Extend the Reach of Mobile Banking with Mobile Deposit
"Ensenta, the leader in self-service remote deposit capture and risk management, and MShift, the leading provider of mobile banking solutions for financial institutions, are seeing a strong uptake of MShift Mobile Banking Apps with their combined end-to-end Mobile Check Deposit service. Among the first financial institutions to go live with the Mobile Deposit service integrated into their MShift Mobile Banking Apps are EECU, State Department Federal Credit Union, Air Force Federal Credit Union, Unity One Credit Union and Nutmeg State Federal Credit Union."
Mobilearth Announces Mobile Banking Training App
"As Mobile Banking continues to gain traction at a staggering rate, we see an increasing need for additional tools that customers can use to access their information. Although Mobile Banking comes with a huge benefit in terms of convenience for members, there is a serious need for training resources to teach customers how to use Mobile Banking to the fullest extent."
"Sybase 365, a subsidiary of Sybase, Inc., an SAP company and the global leader in mobile messaging and mobile commerce services, today announced that together with the Dutch-Bangla Bank Limited (DBBL), both companies were presented the “Best Mobile Banking Initiative Award” at The Asian Banker Technology Implementation Awards 2012."
KeyBank Launches New Mobile Banking Solution with mFoundry
"mFoundry, North America's largest mobile banking and payments provider, today announced KeyBank launched mFoundry's mobile banking technology, mBanking, to expand the bank's mobile banking offering. mFoundry's mobile banking solution is now used by nearly 10 million consumers across more than 675 financial institutions nationwide, including one-third of the top 50 banks in the United States. KeyBank is the latest financial institution to select mFoundry's mBanking solution to support its mobile banking requirements."
Ensenta and MShift Extend the Reach of Mobile Banking with Mobile Deposit
"Ensenta, the leader in self-service remote deposit capture and risk management, and MShift, the leading provider of mobile banking solutions for financial institutions, are seeing a strong uptake of MShift Mobile Banking Apps with their combined end-to-end Mobile Check Deposit service. Among the first financial institutions to go live with the Mobile Deposit service integrated into their MShift Mobile Banking Apps are EECU, State Department Federal Credit Union, Air Force Federal Credit Union, Unity One Credit Union and Nutmeg State Federal Credit Union."
Mobilearth Announces Mobile Banking Training App
"As Mobile Banking continues to gain traction at a staggering rate, we see an increasing need for additional tools that customers can use to access their information. Although Mobile Banking comes with a huge benefit in terms of convenience for members, there is a serious need for training resources to teach customers how to use Mobile Banking to the fullest extent."
Sunday, April 15, 2012
Mobile Banking Updates - Apr 15
mFoundry Launches Mobile Banking Solution for Conestoga Bank
"mFoundry, the most popular provider of mobile banking and payments solutions, today announced Conestoga Bank has successfully deployed its mBanking mobile banking solution. mFoundry's mobile banking solution is now used by nearly 10MM users across more than 650 financial institutions nationwide, including one-third of the top 50 banks in the U.S.
Conestoga Bank is the latest financial institution to choose mFoundry's mobile banking and payments platform to serve the mobile financial services needs of its customers. With its new mobile banking solution, Conestoga Bank is providing customers with a suite of mobile banking services that includes three platforms – a smartphone app, a mobile Web service and an SMS/text banking service. These options will enable Conestoga's users to do their banking from the widest range of mobile devices in the market today."
Targeting Mobile Banking Risks
"What emerging security challenges will new mobile devices and platforms pose for banks and credit unions? Brian Pearce and Amy Johnson shed light on Wells Fargo's approach to unique retail and commercial risks.
Johnson, who heads up strategy and execution for CEO Mobile, Wells Fargo's mobile service for commercial and corporate accounts, says managing mobile security has become increasingly fluid. Financial institutions must continually monitor new and evolving threats, and they must keep watchful eyes on new technology that should be applied to thwart those threats."
JPMorgan Chase & Co. : J.P. Morgan Empire for iPad app recognized for excellence in mobile banking
"In a record-breaking year for entries, J.P. Morgan took the top spot for "Best use of Mobile" at the FSTech Awards for its Empire for iPad application. The app, designed to respond to the Emerging Markets (EM) clients' real-time needs, is the only one of its kind for EM users. It provides mobile access to J.P. Morgan's real-time analytics, research, historical data and asset details, and offers customizable real-time market views and interactive charting."
Monitise Open for Business in Indonesia with Astra Graphia Group
"Monitise Asia Pacific announced today that its joint venture with a subsidiary of PT Astra Graphia Tbk, was ready for business. The joint venture - PT AGIT Monitise Indonesia - has successfully completed its installation in a Jakarta-based data centre to support the full spectrum of mobile banking, payments and commerce.
The platform will allow banks, mobile operators, retailers and other service providers to connect via a fully interoperable and secure network so they can deliver mobile services to both banked and unbanked customers. AGIT is providing both data centre services and local management support for the venture."
"mFoundry, the most popular provider of mobile banking and payments solutions, today announced Conestoga Bank has successfully deployed its mBanking mobile banking solution. mFoundry's mobile banking solution is now used by nearly 10MM users across more than 650 financial institutions nationwide, including one-third of the top 50 banks in the U.S.
Conestoga Bank is the latest financial institution to choose mFoundry's mobile banking and payments platform to serve the mobile financial services needs of its customers. With its new mobile banking solution, Conestoga Bank is providing customers with a suite of mobile banking services that includes three platforms – a smartphone app, a mobile Web service and an SMS/text banking service. These options will enable Conestoga's users to do their banking from the widest range of mobile devices in the market today."
Targeting Mobile Banking Risks
"What emerging security challenges will new mobile devices and platforms pose for banks and credit unions? Brian Pearce and Amy Johnson shed light on Wells Fargo's approach to unique retail and commercial risks.
Johnson, who heads up strategy and execution for CEO Mobile, Wells Fargo's mobile service for commercial and corporate accounts, says managing mobile security has become increasingly fluid. Financial institutions must continually monitor new and evolving threats, and they must keep watchful eyes on new technology that should be applied to thwart those threats."
JPMorgan Chase & Co. : J.P. Morgan Empire for iPad app recognized for excellence in mobile banking
"In a record-breaking year for entries, J.P. Morgan took the top spot for "Best use of Mobile" at the FSTech Awards for its Empire for iPad application. The app, designed to respond to the Emerging Markets (EM) clients' real-time needs, is the only one of its kind for EM users. It provides mobile access to J.P. Morgan's real-time analytics, research, historical data and asset details, and offers customizable real-time market views and interactive charting."
Monitise Open for Business in Indonesia with Astra Graphia Group
"Monitise Asia Pacific announced today that its joint venture with a subsidiary of PT Astra Graphia Tbk, was ready for business. The joint venture - PT AGIT Monitise Indonesia - has successfully completed its installation in a Jakarta-based data centre to support the full spectrum of mobile banking, payments and commerce.
The platform will allow banks, mobile operators, retailers and other service providers to connect via a fully interoperable and secure network so they can deliver mobile services to both banked and unbanked customers. AGIT is providing both data centre services and local management support for the venture."
Sunday, March 25, 2012
Mobile Banking Updates - Mar 25
Financial Technology Leaders Convene for mFoundry User Workshop
"mFoundry, the fastest-growing provider of mobile banking and payments solutions, today announced its 2012 User Workshop is taking place near its corporate headquarters in Larkspur, California, and features an impressive lineup of industry leaders in financial services technology. The annual event focuses on accelerating innovation in mobile financial services around mFoundry's mobile banking and payments platform."
Confusion on Hot Topics Mobile, P2P and Social Pay
"The research by Boston-based AlixPartners exploded on the screen at BAI Payments Connect 2012. Suddenly, out of nowhere, the availability of good mobile services has emerged as a top factor in why consumers choose to change financial institutions, reported Teresa Epperson, AlixPartners managing director."
Mobile Banking Apps Lack What Customers Actually Want
"There may be several reasons why you haven’t gotten in the habit of doing your banking over a mobile phone, and new research sheds light on many common concerns customers have about mobile banking. An analysis from MyPrivateBanking Research found that the majority of mobile banking apps from 50 of the world’s largest banks lack the services customers actually find worthwhile."
Young people like mobile banking
"One of every 5 U.S. consumers used a mobile phone to access a bank, credit card or other financial account during the 12-month period that ended Jan. 31, 2012, according to a recent survey of nearly 2,300 people by Knowledge Networks. Another 1 of every 5 consumers plan to do so in the future, the online consumer research firm reported."
Juniper Research says mobile banking is moving from Push to Pull
"A new ’Mobile Banking for Developed & Developing Markets’report from Juniper Research has found that mobile phone banking is gaining considerable traction. It’s mainly thanks to the exploitation of advanced functionalities such as banks bundling MBPP (Mobile Bill Presentment and Payment) services within their overall mobile banking platform."
"mFoundry, the fastest-growing provider of mobile banking and payments solutions, today announced its 2012 User Workshop is taking place near its corporate headquarters in Larkspur, California, and features an impressive lineup of industry leaders in financial services technology. The annual event focuses on accelerating innovation in mobile financial services around mFoundry's mobile banking and payments platform."
Confusion on Hot Topics Mobile, P2P and Social Pay
"The research by Boston-based AlixPartners exploded on the screen at BAI Payments Connect 2012. Suddenly, out of nowhere, the availability of good mobile services has emerged as a top factor in why consumers choose to change financial institutions, reported Teresa Epperson, AlixPartners managing director."
Mobile Banking Apps Lack What Customers Actually Want
"There may be several reasons why you haven’t gotten in the habit of doing your banking over a mobile phone, and new research sheds light on many common concerns customers have about mobile banking. An analysis from MyPrivateBanking Research found that the majority of mobile banking apps from 50 of the world’s largest banks lack the services customers actually find worthwhile."
Young people like mobile banking
"One of every 5 U.S. consumers used a mobile phone to access a bank, credit card or other financial account during the 12-month period that ended Jan. 31, 2012, according to a recent survey of nearly 2,300 people by Knowledge Networks. Another 1 of every 5 consumers plan to do so in the future, the online consumer research firm reported."
Juniper Research says mobile banking is moving from Push to Pull
"A new ’Mobile Banking for Developed & Developing Markets’report from Juniper Research has found that mobile phone banking is gaining considerable traction. It’s mainly thanks to the exploitation of advanced functionalities such as banks bundling MBPP (Mobile Bill Presentment and Payment) services within their overall mobile banking platform."
Wednesday, February 29, 2012
Mobile Banking Updates - Feb 29
Mobile Glut Is Still Far Off
"Few people have ridden the growing wave of mobile banking – or perhaps helped drive it – more than Drew Sievers. In 2004, he co-founded mFoundry, a mobile banking apps developer based in Larkspur, Calif. As its CEO, Sievers has seen the mobile platform provider grow to a client list of about 600, including hundreds of credit unions added in the past year alone, individually and through partnerships with FIS, First Data, CO-OP Financial Services, PSCU Financial Services, COCC, PayPal, Open Solutions and others."
Mobile money: A veritable tool?
"As mobile banking involves person-to-person payment through the mobile phone or the use of mobile phones to conduct financial transactions, this latest electronic banking innovation is gradually changing the lives of millions across the globe. This mechanism requires delivery of mobile payment to the banking and non-banking community, with the overriding vision of achieving a nationally utilised and internationally recognised payment systems."
Bankers Increasingly See Mobile as Key Element of Their Retail Strategies, American Banker Research Finds
"Bankers increasingly see mobile technology as a must-have component of their retail offerings, but say that regulatory and risk-management concerns will dominate IT spending initiatives in 2012, according to a recent American Banker Research survey conducted in partnership with bank technology and payment systems specialists Tata Consultancy Services, TSYS, and Jack Henry and Associates."
Going mobile: what is the future for bank accounts?
"In recent months and years, we've seen real changes in the way people do their banking, or at least in how they plan to do it. With the rise of smartphones, mobile banking is starting to become more than just a nice idea, while many people nowadays wouldn't even know how to manage their money without online banking. So what's next for banking? What can we expect to see in the future, and what parts are likely to die out?"
Smartphones Rapidly Transforming Mobile Banking From New Concept to ‘Tablestakes,’ According to AlixPartners Study
"As U.S. banking consumers continue to embrace mobile technology -- and specifically, the widespread adoption of smartphones -- the use of mobile banking services is expected to approach 50% by 2016 versus 15% today. And, already today 39% of consumers say that having a mobile offering is either “extremely important” or “important” in their decision to switch primary banks. That’s according to a study released today by AlixPartners LLP, the global business advisory firm."
"Few people have ridden the growing wave of mobile banking – or perhaps helped drive it – more than Drew Sievers. In 2004, he co-founded mFoundry, a mobile banking apps developer based in Larkspur, Calif. As its CEO, Sievers has seen the mobile platform provider grow to a client list of about 600, including hundreds of credit unions added in the past year alone, individually and through partnerships with FIS, First Data, CO-OP Financial Services, PSCU Financial Services, COCC, PayPal, Open Solutions and others."
Mobile money: A veritable tool?
"As mobile banking involves person-to-person payment through the mobile phone or the use of mobile phones to conduct financial transactions, this latest electronic banking innovation is gradually changing the lives of millions across the globe. This mechanism requires delivery of mobile payment to the banking and non-banking community, with the overriding vision of achieving a nationally utilised and internationally recognised payment systems."
Bankers Increasingly See Mobile as Key Element of Their Retail Strategies, American Banker Research Finds
"Bankers increasingly see mobile technology as a must-have component of their retail offerings, but say that regulatory and risk-management concerns will dominate IT spending initiatives in 2012, according to a recent American Banker Research survey conducted in partnership with bank technology and payment systems specialists Tata Consultancy Services, TSYS, and Jack Henry and Associates."
Going mobile: what is the future for bank accounts?
"In recent months and years, we've seen real changes in the way people do their banking, or at least in how they plan to do it. With the rise of smartphones, mobile banking is starting to become more than just a nice idea, while many people nowadays wouldn't even know how to manage their money without online banking. So what's next for banking? What can we expect to see in the future, and what parts are likely to die out?"
Smartphones Rapidly Transforming Mobile Banking From New Concept to ‘Tablestakes,’ According to AlixPartners Study
"As U.S. banking consumers continue to embrace mobile technology -- and specifically, the widespread adoption of smartphones -- the use of mobile banking services is expected to approach 50% by 2016 versus 15% today. And, already today 39% of consumers say that having a mobile offering is either “extremely important” or “important” in their decision to switch primary banks. That’s according to a study released today by AlixPartners LLP, the global business advisory firm."
Monday, February 6, 2012
Mobile Banking Updates - Feb 6
Bank of America drives app downloads via iAd campaign
"Financial institution Bank of America is using a mobile advertising campaign to catapult downloads of its mobile banking iPhone application. The ads walk users through the app’s features and educates consumers on Bank of America’s mobile banking. The ad campaign is running inside Apple’s iAd network."
Achieving A Mobile-First Mind
"Glen Reardon, head of industry, financial services advertising at Google, asked a simple question during a brief presentation at Celent’s Innovation & Insight Day in Boston on Thursday: How influential is the digital journey within the purchase process? Immensely. Reardon helps fortune 1000 companies across the insurance vertical with their overall market strategy. He conducted industry research with Shopper Sciences seeking to deconstruct the decision-making process for insurance consumers in an increasingly digital world."
Citi's iPad Banking App Now Accepts Credit Card Users
"Consumers yearning to track and analyze their credit card spending to the smallest degree with graphs, comparisons with past months and even with their peers are in luck. Citigroup Inc. on Tuesday announced an upgrade to its online banking application for Apple Inc.'s iPad that includes what Citi says is the first such robust iPad credit card account-analysis application."
Fidelity Launches Mobile Wallet
"Fidelity National Information Services Inc. (FIS) recently collaborated with mobile payments technology provider, Paydiant, to launch a cloud-based mobile payment solution, namely FIS Mobile Wallet. The solution, which is currently being implemented by a number of clients on a pilot basis, allows customers to use smartphones to make purchases at the point-of-sale (POS) as well as for online shopping."
Mobile : Banks That Dare: Will their guts come before glory
"At least one bank is ending 2011 on a high note. In December, Chase swept the honors in two mobile banking awards. Javelin Strategy and Research ranked their solution “Best in Class” above those of 24 retail banking heavyweights; Key Lime Interactive adjudged Chase’s mobile banking website and app the best among the top 4 U.S. banks."
"Financial institution Bank of America is using a mobile advertising campaign to catapult downloads of its mobile banking iPhone application. The ads walk users through the app’s features and educates consumers on Bank of America’s mobile banking. The ad campaign is running inside Apple’s iAd network."
Achieving A Mobile-First Mind
"Glen Reardon, head of industry, financial services advertising at Google, asked a simple question during a brief presentation at Celent’s Innovation & Insight Day in Boston on Thursday: How influential is the digital journey within the purchase process? Immensely. Reardon helps fortune 1000 companies across the insurance vertical with their overall market strategy. He conducted industry research with Shopper Sciences seeking to deconstruct the decision-making process for insurance consumers in an increasingly digital world."
Citi's iPad Banking App Now Accepts Credit Card Users
"Consumers yearning to track and analyze their credit card spending to the smallest degree with graphs, comparisons with past months and even with their peers are in luck. Citigroup Inc. on Tuesday announced an upgrade to its online banking application for Apple Inc.'s iPad that includes what Citi says is the first such robust iPad credit card account-analysis application."
Fidelity Launches Mobile Wallet
"Fidelity National Information Services Inc. (FIS) recently collaborated with mobile payments technology provider, Paydiant, to launch a cloud-based mobile payment solution, namely FIS Mobile Wallet. The solution, which is currently being implemented by a number of clients on a pilot basis, allows customers to use smartphones to make purchases at the point-of-sale (POS) as well as for online shopping."
Mobile : Banks That Dare: Will their guts come before glory
"At least one bank is ending 2011 on a high note. In December, Chase swept the honors in two mobile banking awards. Javelin Strategy and Research ranked their solution “Best in Class” above those of 24 retail banking heavyweights; Key Lime Interactive adjudged Chase’s mobile banking website and app the best among the top 4 U.S. banks."
Sunday, February 5, 2012
Mobile Banking Updates - Feb 5
FIS and mFoundry Strengthen Relationship
"mFoundry, the fastest-growing provider of mobile banking and payments solutions, today announced that it has strengthened its strategic relationship with FIS™, the world’s largest provider of banking and payments technology.
With a recent investment, FIS increased its ownership holdings in mFoundry. The two companies have been working together on mobile banking solutions for the past several years, serving more than 200 financial institution clients. The enhanced relationship will continue to combine FIS’ strong position in financial services technology with mFoundry’s award-winning mobile banking products."
Mobile banking app usage grows 74 percent in a year: comScore
"The use of mobile banking apps is growing quickly as consumers look for ways to easily access their financial information while on the go, according to a new report from comScore. While the 2011 State of Online and Mobile Banking report shows that app usage among mobile bankers is up 74 percent from nearly a year ago, it also indicates there is still significant room for usage to grow. The report also shows that mobile bankers are highly engaged customers."
Smartphones let customers bank on the go
"Smartphones are here to stay, and banking institutions are working to keep up with new technology to cater to their customers. Brian Pearce, Wells Fargo senior vice president and head of the bank's retail mobile channel, describes the growth in mobile banking over the past five years as explosive. 'Customers are adopting this mobile lifestyle,' Pearce said. Wells Fargo finished 2011 with 7.3 million customers using mobile banking services."
Review: What Corporate Mobile Banking Will Really Mean For Your Bank
"I’m just back from the US where I was presenting at our Corporate Mobile Banking event. Unsurprisingly, given the topic, we had a very high level of interest, resulting in a large number of registrations. We also had a first for me - a gate crasher who had to be ejected! Many thanks to all those who attended and who made the event the success it was. I’d particularly like to thank my colleagues Dana and Erica who made it run so smoothly."
"mFoundry, the fastest-growing provider of mobile banking and payments solutions, today announced that it has strengthened its strategic relationship with FIS™, the world’s largest provider of banking and payments technology.
With a recent investment, FIS increased its ownership holdings in mFoundry. The two companies have been working together on mobile banking solutions for the past several years, serving more than 200 financial institution clients. The enhanced relationship will continue to combine FIS’ strong position in financial services technology with mFoundry’s award-winning mobile banking products."
Mobile banking app usage grows 74 percent in a year: comScore
"The use of mobile banking apps is growing quickly as consumers look for ways to easily access their financial information while on the go, according to a new report from comScore. While the 2011 State of Online and Mobile Banking report shows that app usage among mobile bankers is up 74 percent from nearly a year ago, it also indicates there is still significant room for usage to grow. The report also shows that mobile bankers are highly engaged customers."
Smartphones let customers bank on the go
"Smartphones are here to stay, and banking institutions are working to keep up with new technology to cater to their customers. Brian Pearce, Wells Fargo senior vice president and head of the bank's retail mobile channel, describes the growth in mobile banking over the past five years as explosive. 'Customers are adopting this mobile lifestyle,' Pearce said. Wells Fargo finished 2011 with 7.3 million customers using mobile banking services."
Review: What Corporate Mobile Banking Will Really Mean For Your Bank
"I’m just back from the US where I was presenting at our Corporate Mobile Banking event. Unsurprisingly, given the topic, we had a very high level of interest, resulting in a large number of registrations. We also had a first for me - a gate crasher who had to be ejected! Many thanks to all those who attended and who made the event the success it was. I’d particularly like to thank my colleagues Dana and Erica who made it run so smoothly."
Sunday, December 18, 2011
Mobile Banking UPdates - Dec 18
Could fees stall adoption of mobile banking?
"Looking to make up the revenues lost as a result of new consumer protection rules put into place this fall, banks are reportedly considering a host of new fees, including ones for mobile banking services.
Banks have wholeheartedly embraced mobile because it is a cost-effective strategy for them although consumer adoption is still low. With several banks reportedly considering adding fees such as a $5 charge for remote deposit capture, the question is how this will impact the adoption of mobile banking services."
Mobile shopping can pave the way for mobile banking
"With the countdown to Christmas well underway, shoppers are turning to their mobile devices in their droves to beat the last-minute high street rush. In fact, the UK trade body for online retailers, IMRG, recently forecasted that Christmas 2011 is when mobile moves mainstream, with 35% of people saying that they plan to do more shopping using their phone this year."
A Flat Earth Perspective on Mobile Banking
"My six year old son recently asked me, “If the Romans were so strong and smart and powerful, how come they thought the world was flat?” Good question. The Romans weren’t much of a seafaring people, so in the greater scheme of things, you could say they didn’t get out much. The world might as well have been flat from their very limited perspective."
Mobile apps make banking easy
"Imagine you are eating out with friends one night and when you receive your bill, you suddenly forget if you have enough money in your account to cover this meal. If you don't have enough money in your account, you will be overdrafting, meaning using funds you don't have. If this happens, your bank will pay for this transaction, but will also make you pay the money back and charge you an additional fee."
Cachet Financial Solutions Integrates Mobile Deposit Offering with Mobile Banking Application from MEA Financial
"Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions, announced today that it has integrated its mobile deposit solution with the Mobile Access mobile banking application from MEA Financial Enterprises, LCC, a national leader in financial services technology. This partnership enables any credit union or financial institution using Mobile Access to deliver mobile deposit capabilities to members and customers using smartphones and tablets. RCB Bank will be the first financial institution to employ the new mobile remote deposit capability offered through this partnership."
"Looking to make up the revenues lost as a result of new consumer protection rules put into place this fall, banks are reportedly considering a host of new fees, including ones for mobile banking services.
Banks have wholeheartedly embraced mobile because it is a cost-effective strategy for them although consumer adoption is still low. With several banks reportedly considering adding fees such as a $5 charge for remote deposit capture, the question is how this will impact the adoption of mobile banking services."
Mobile shopping can pave the way for mobile banking
"With the countdown to Christmas well underway, shoppers are turning to their mobile devices in their droves to beat the last-minute high street rush. In fact, the UK trade body for online retailers, IMRG, recently forecasted that Christmas 2011 is when mobile moves mainstream, with 35% of people saying that they plan to do more shopping using their phone this year."
A Flat Earth Perspective on Mobile Banking
"My six year old son recently asked me, “If the Romans were so strong and smart and powerful, how come they thought the world was flat?” Good question. The Romans weren’t much of a seafaring people, so in the greater scheme of things, you could say they didn’t get out much. The world might as well have been flat from their very limited perspective."
Mobile apps make banking easy
"Imagine you are eating out with friends one night and when you receive your bill, you suddenly forget if you have enough money in your account to cover this meal. If you don't have enough money in your account, you will be overdrafting, meaning using funds you don't have. If this happens, your bank will pay for this transaction, but will also make you pay the money back and charge you an additional fee."
Cachet Financial Solutions Integrates Mobile Deposit Offering with Mobile Banking Application from MEA Financial
"Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions, announced today that it has integrated its mobile deposit solution with the Mobile Access mobile banking application from MEA Financial Enterprises, LCC, a national leader in financial services technology. This partnership enables any credit union or financial institution using Mobile Access to deliver mobile deposit capabilities to members and customers using smartphones and tablets. RCB Bank will be the first financial institution to employ the new mobile remote deposit capability offered through this partnership."
Sunday, December 11, 2011
Mobile Banking Updates - Dec 11
Tiny Ameriana Bank Battles Heavy Hitters with New Mobile App
"As it charts its course in mobile banking, Ameriana Bank faces competition in its eastern Indiana footprint from much larger banks that have been offering mobile banking for years, such as JPMorgan Chase and PNC."
Intel, MasterCard, Motorola Mobility Put $18M In Mobile Banking Platform mFoundry
"mFoundry, a company that powers mobile banking solutions for more than 500 banks and credit unions nationwide, is announcing a new round of funding, to the tun of $18 million, from MasterCard (which led the investment), Intel Capital, FIS, and Motorola Mobility. This bring’s mFoundry’s total funding to $40 million."
Fifth Third launches mobile banking apps
"There is now an app for Fifth Third Bank’s mobile services.
Fifth Third, which operates 15 branches in the Pittsburgh area and ranks as the region's 17th largest bank as ranked by deposits, has launched a banking app for use with iPhones, Android devices and BlackBerry smartphones."
Chase Finally Releases Mobile Banking App for BlackBerry With Check Deposits!
"The day has finally come. Chase has released their Chase Mobile app for BlackBerry users (for a very limited number of devices). This new app lets you access your account AND deposit checks with your camera. It will also let you send payments and other features including:"
"As it charts its course in mobile banking, Ameriana Bank faces competition in its eastern Indiana footprint from much larger banks that have been offering mobile banking for years, such as JPMorgan Chase and PNC."
Intel, MasterCard, Motorola Mobility Put $18M In Mobile Banking Platform mFoundry
"mFoundry, a company that powers mobile banking solutions for more than 500 banks and credit unions nationwide, is announcing a new round of funding, to the tun of $18 million, from MasterCard (which led the investment), Intel Capital, FIS, and Motorola Mobility. This bring’s mFoundry’s total funding to $40 million."
Fifth Third launches mobile banking apps
"There is now an app for Fifth Third Bank’s mobile services.
Fifth Third, which operates 15 branches in the Pittsburgh area and ranks as the region's 17th largest bank as ranked by deposits, has launched a banking app for use with iPhones, Android devices and BlackBerry smartphones."
Chase Finally Releases Mobile Banking App for BlackBerry With Check Deposits!
"The day has finally come. Chase has released their Chase Mobile app for BlackBerry users (for a very limited number of devices). This new app lets you access your account AND deposit checks with your camera. It will also let you send payments and other features including:"
Monday, December 5, 2011
Mobile Banking Updates - Dec 5
mFoundry Launches First Hawaiian Bank Mobile Banking
"mFoundry, the most popular provider of mobile banking solutions, today announced it has officially launched First Hawaiian Bank's mobile solution, FHB Mobile Banking.
'We're excited to see such strong demand for our mobile banking solution out of the gate,' said Jaylene Tsukayama, Vice President and Manager for Electronic Banking at First Hawaiian Bank. 'Part of this quick uptake is due to the range of access options we're providing - customers can access their mobile finances via mobile Web, native apps and SMS/text banking - serving the greatest number of customers. We're looking forward to expanding on this foundation with more advanced mobile banking features.'"
Century Bank and Trust Launches Text-2-Win Amazon Kindle Fire Promotion
"Century Bank and Trust is excited to announce the launch of a text-2-win Amazon Kindle Fire promotion. To kick off Century Bank and Trust's mobile banking debut customers and non-customers can text to win a brand new Amazon Kindle Fire! It's easy, just text the word "Bank" to 94594. The text must be received by 12/9/11 at 8PM EST to be eligible to win. The winner will be notified by 12/16/11. Each mobile phone can enter once per day."
New mobile security challenges
"For years, analysts have predicted most Internet users would end up with an all-in-one device that replaces all others. However, as new devices emerge, users are often adopting new technologies without replacing the old, making the sight of somebody with a laptop, a smartphone, and a tablet familiar to many. The rapid adoption of multiple devices on multiple platforms makes securing several platforms at the same time an increasingly complex task."
Pyramid Uncovers Challenges and Opportunities for Banks in the Mobile Commerce Ecosystem
"It's no surprise that the mobile commerce ecosystem is growing rapidly with the number of smartphone users expected to reach 1.3 billion in 2015. Value chains are still in the trial-and-error stages, creating challenges and opportunities for banks and financial institutions looking to enter this market, according to Jose Magana, Practice Leader on Mobile Payments and Banking and Consultant behind Pyramid's new Mobile Commerce Landscape Insight Pack."
The 411 on Mobile Banking for Beginners
"Take the Mobile Banking Plunge? You may be used to checking your balances and making money transfers on your home computer or laptop, but are you ready to make the leap to using your smartphone for banking? While most major U.S. banks now offer mobile banking, banking customers have been slow to switch their banking transactions to their cellphone, particularly those who may not be tech-savvy or who may fear security breaches."
"mFoundry, the most popular provider of mobile banking solutions, today announced it has officially launched First Hawaiian Bank's mobile solution, FHB Mobile Banking.
'We're excited to see such strong demand for our mobile banking solution out of the gate,' said Jaylene Tsukayama, Vice President and Manager for Electronic Banking at First Hawaiian Bank. 'Part of this quick uptake is due to the range of access options we're providing - customers can access their mobile finances via mobile Web, native apps and SMS/text banking - serving the greatest number of customers. We're looking forward to expanding on this foundation with more advanced mobile banking features.'"
Century Bank and Trust Launches Text-2-Win Amazon Kindle Fire Promotion
"Century Bank and Trust is excited to announce the launch of a text-2-win Amazon Kindle Fire promotion. To kick off Century Bank and Trust's mobile banking debut customers and non-customers can text to win a brand new Amazon Kindle Fire! It's easy, just text the word "Bank" to 94594. The text must be received by 12/9/11 at 8PM EST to be eligible to win. The winner will be notified by 12/16/11. Each mobile phone can enter once per day."
New mobile security challenges
"For years, analysts have predicted most Internet users would end up with an all-in-one device that replaces all others. However, as new devices emerge, users are often adopting new technologies without replacing the old, making the sight of somebody with a laptop, a smartphone, and a tablet familiar to many. The rapid adoption of multiple devices on multiple platforms makes securing several platforms at the same time an increasingly complex task."
Pyramid Uncovers Challenges and Opportunities for Banks in the Mobile Commerce Ecosystem
"It's no surprise that the mobile commerce ecosystem is growing rapidly with the number of smartphone users expected to reach 1.3 billion in 2015. Value chains are still in the trial-and-error stages, creating challenges and opportunities for banks and financial institutions looking to enter this market, according to Jose Magana, Practice Leader on Mobile Payments and Banking and Consultant behind Pyramid's new Mobile Commerce Landscape Insight Pack."
The 411 on Mobile Banking for Beginners
"Take the Mobile Banking Plunge? You may be used to checking your balances and making money transfers on your home computer or laptop, but are you ready to make the leap to using your smartphone for banking? While most major U.S. banks now offer mobile banking, banking customers have been slow to switch their banking transactions to their cellphone, particularly those who may not be tech-savvy or who may fear security breaches."
Sunday, December 4, 2011
Mobile Banking Updates - Dec 4
MasterCard Backs And Partners With Mobile Banking Company mFoundry To Expand Reach Of NFC
"After announcing a new partnership with Intel, MasterCard is revealing a new collaboration to help spread the use of its NFC technology through its PayPass program. The credit card giant is making a strategic investment in mFoundry, a company that powers mobile banking solutions for more than 500 banks and credit unions nationwide."
Seizing the Mobile Banking Opportunity
"Feature-rich smartphones, high-speed 4G networks, the availability of downloadable apps and an increasingly mobile workforce have driven a huge uptick in information-based mobile banking services, such as transaction alerts and balance checks. In fact, mobile banking recently has begun to displace online banking for such information-based services."
Century launches mobile banking, alerts
"Century Bank and Trust is excited to announce the launch of free mobile banking and account alerts.
Mobile banking and account alerts put customers in the know and in control 24/7. With busy schedules and lifestyles, managing finances can be a challenge. Now mobile banking and account alerts allow customers to stay on top of their finances anytime, anywhere from their cell phones. Manage money on the go- check balances, transfer money, pay bills, receive account alerts and more."
Mobile Banking Can Pave the Way for NFC
"Google, Visa, MasterCard, Sprint, and even Pentagon Federal Credit Union. The list of early proponents of innovative near field communication tap and pay mobile technology keeps growing. But that brings two questions into sharp focus."
Opportunities for banks in this age of ubiquitous mobility
"Perhaps more startling than the penetration of mobile phones into the developing economies, is the fact that mobile phone users have ignored the natural boundaries of the electricity-grid and in 32 countries today the population of mobile data subscribers exceeds their on-grid populations. According to a recent study by CISCO1, this phenomenon will become visible at a regional level by the end of 2011 when the total number of mobile users in Sub-Saharan Africa and Southeast Asia will exceed their total on-grid populations. By the end of 2013, the same will occur in the Middle East."
Tyfone teams wtih Oregon credit union to offer iCashe Mobile Wallet
"Portland, Ore.-based mobile financial service company Tyfone is working with OnPoint, a credit union also based in Portland, to offer a new mobile wallet product called iCashe Mobile Wallet, the company said in an announcement. The iCashe Mobile Wallet lets OnPoint's mobile banking customers buy gift cards via their smartphones and send them using SMS text messaging or email. OnPoint is the first credit union in the U.S. to offer the iCashe Mobile Wallet, the announcement said."
"After announcing a new partnership with Intel, MasterCard is revealing a new collaboration to help spread the use of its NFC technology through its PayPass program. The credit card giant is making a strategic investment in mFoundry, a company that powers mobile banking solutions for more than 500 banks and credit unions nationwide."
Seizing the Mobile Banking Opportunity
"Feature-rich smartphones, high-speed 4G networks, the availability of downloadable apps and an increasingly mobile workforce have driven a huge uptick in information-based mobile banking services, such as transaction alerts and balance checks. In fact, mobile banking recently has begun to displace online banking for such information-based services."
Century launches mobile banking, alerts
"Century Bank and Trust is excited to announce the launch of free mobile banking and account alerts.
Mobile banking and account alerts put customers in the know and in control 24/7. With busy schedules and lifestyles, managing finances can be a challenge. Now mobile banking and account alerts allow customers to stay on top of their finances anytime, anywhere from their cell phones. Manage money on the go- check balances, transfer money, pay bills, receive account alerts and more."
Mobile Banking Can Pave the Way for NFC
"Google, Visa, MasterCard, Sprint, and even Pentagon Federal Credit Union. The list of early proponents of innovative near field communication tap and pay mobile technology keeps growing. But that brings two questions into sharp focus."
Opportunities for banks in this age of ubiquitous mobility
"Perhaps more startling than the penetration of mobile phones into the developing economies, is the fact that mobile phone users have ignored the natural boundaries of the electricity-grid and in 32 countries today the population of mobile data subscribers exceeds their on-grid populations. According to a recent study by CISCO1, this phenomenon will become visible at a regional level by the end of 2011 when the total number of mobile users in Sub-Saharan Africa and Southeast Asia will exceed their total on-grid populations. By the end of 2013, the same will occur in the Middle East."
Tyfone teams wtih Oregon credit union to offer iCashe Mobile Wallet
"Portland, Ore.-based mobile financial service company Tyfone is working with OnPoint, a credit union also based in Portland, to offer a new mobile wallet product called iCashe Mobile Wallet, the company said in an announcement. The iCashe Mobile Wallet lets OnPoint's mobile banking customers buy gift cards via their smartphones and send them using SMS text messaging or email. OnPoint is the first credit union in the U.S. to offer the iCashe Mobile Wallet, the announcement said."
Monday, October 24, 2011
Mobile Banking Updates - Oct 24
mFoundry Ranked Number 105th Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500™
"mFoundry, the fastest-growing provider of mobile banking solutions in the U.S., today announced it ranked 105 on Deloitte's Technology Fast 500™ ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. mFoundry grew 985% percent during this period and is the only provider of mobile banking solutions to make the list."
Research and Markets: 2011 - 2012 Mobile Banking Vendor Scorecard: Mobile Banking Has Moved from a Nice-to-Have to a Must-Have Channel
"After a pause in 2010, consumer adoption of mobile banking skyrocketed by 60% in 2011 as hundreds of new banks went live with their mobile offerings. In this third annual review, Javelin provides a highly detailed analysis and ranking of the mobile banking solutions of 15 major vendors and identifies detailed best practices and the top 10 trends for the industry."
Case study: Citizens Bank, mobile banking and the commercial client
"Citizens Bank introduced Access Mobile, a mobile banking application for commercial customers, just about one year ago.
The app—which is available for iPad, iPod touch, iPhone, Android and Blackberry—allows businesspeople to manage their cash flow at their convenience. They can approve transactions, view account balances, approve transfers and receive alerts anywhere in the world."
Mobile Banking, Big Hit With ESP Credit Union’s
"Ten credit unions in the past 3 months have signed up for ESP’s Mobile Banking solution. 'We looked at a number of solutions to integrate into our ancillary service offerings. Although we found some great products, we figured we could build a solution that would be much more cost effective and run on more phones than the solutions we were looking at could offer,' said Matt Lefler, ESP Vice President. One of the first adopters was Oshkosh Truck Credit Union and here is was President, Sara Steichen had to say, 'We are a small credit union, but like to be on the cutting edge of technology.'"
"mFoundry, the fastest-growing provider of mobile banking solutions in the U.S., today announced it ranked 105 on Deloitte's Technology Fast 500™ ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. mFoundry grew 985% percent during this period and is the only provider of mobile banking solutions to make the list."
Research and Markets: 2011 - 2012 Mobile Banking Vendor Scorecard: Mobile Banking Has Moved from a Nice-to-Have to a Must-Have Channel
"After a pause in 2010, consumer adoption of mobile banking skyrocketed by 60% in 2011 as hundreds of new banks went live with their mobile offerings. In this third annual review, Javelin provides a highly detailed analysis and ranking of the mobile banking solutions of 15 major vendors and identifies detailed best practices and the top 10 trends for the industry."
Case study: Citizens Bank, mobile banking and the commercial client
"Citizens Bank introduced Access Mobile, a mobile banking application for commercial customers, just about one year ago.
The app—which is available for iPad, iPod touch, iPhone, Android and Blackberry—allows businesspeople to manage their cash flow at their convenience. They can approve transactions, view account balances, approve transfers and receive alerts anywhere in the world."
Mobile Banking, Big Hit With ESP Credit Union’s
"Ten credit unions in the past 3 months have signed up for ESP’s Mobile Banking solution. 'We looked at a number of solutions to integrate into our ancillary service offerings. Although we found some great products, we figured we could build a solution that would be much more cost effective and run on more phones than the solutions we were looking at could offer,' said Matt Lefler, ESP Vice President. One of the first adopters was Oshkosh Truck Credit Union and here is was President, Sara Steichen had to say, 'We are a small credit union, but like to be on the cutting edge of technology.'"
Thursday, September 29, 2011
Mobile Banking Updates - Sept 29
mfoundry Zips Past the 500 Client Mark
"mFoundry (News - Alert), a service provider whose name is in the forefront of mobile banking services, recently announced that around 500 banks as well as credit unions located in North America have chosen them as their mobile banking solution service providers."
WAUSAU Financial Systems Signs Three Financial Institutions to Mobile Remote Deposit Capture Offering
"WAUSAU Financial Systems, a provider of payment and receivables processing solutions, announced that three financial institutions, Citizens & Northern Bank, NewDominion Bank and Farmers State Bank of Calhan, selected its mobile remote deposit capture (RDC) solution, from its Deposit 24/7 Suite(TM). WAUSAU's robust RDC suite includes branch, merchant, consumer and mobile capture points, allowing for convenient and secure check depositing from any location."
RushCard makes mobile financial services easier for US unbanked with new apps
"Cincinnati-based UniRush LLC is helping to blur the already fuzzy lines between prepaid cards, mobile banking and mobile payments. The company announced today it has launched mobile applications for Android and iPhone smartphones that let users of its RushCard prepaid Visa debit card manage their accounts from their mobile devices.
According to the company's announcement, RushCard users can now check balances and review transaction and transfer history on their smartphones. Additionally, RushCard members can use the applications to send money to other RushCard members, with iPhone users even able to use bump technologies to transfer funds."
Celent’s Mobile Peer Networking Event
"Celent hosted a banking peer networking event in San Francisco to great success. Fifteen people representing six financial institutions attended, including two with assets of over $100 billion. The topic of the event was mobile banking and we started the day with the much anticipated PowerPoint presentation. Rather than a one-way communication from presenter to audience, this was a dynamic discussion bankers and Celent analysts engaging each other on a variety of mobile topics, from coupons to payments to the interaction of the two. Celent presented on three banks that are doing very interesting things with mobile:"
"mFoundry (News - Alert), a service provider whose name is in the forefront of mobile banking services, recently announced that around 500 banks as well as credit unions located in North America have chosen them as their mobile banking solution service providers."
WAUSAU Financial Systems Signs Three Financial Institutions to Mobile Remote Deposit Capture Offering
"WAUSAU Financial Systems, a provider of payment and receivables processing solutions, announced that three financial institutions, Citizens & Northern Bank, NewDominion Bank and Farmers State Bank of Calhan, selected its mobile remote deposit capture (RDC) solution, from its Deposit 24/7 Suite(TM). WAUSAU's robust RDC suite includes branch, merchant, consumer and mobile capture points, allowing for convenient and secure check depositing from any location."
RushCard makes mobile financial services easier for US unbanked with new apps
"Cincinnati-based UniRush LLC is helping to blur the already fuzzy lines between prepaid cards, mobile banking and mobile payments. The company announced today it has launched mobile applications for Android and iPhone smartphones that let users of its RushCard prepaid Visa debit card manage their accounts from their mobile devices.
According to the company's announcement, RushCard users can now check balances and review transaction and transfer history on their smartphones. Additionally, RushCard members can use the applications to send money to other RushCard members, with iPhone users even able to use bump technologies to transfer funds."
Celent’s Mobile Peer Networking Event
"Celent hosted a banking peer networking event in San Francisco to great success. Fifteen people representing six financial institutions attended, including two with assets of over $100 billion. The topic of the event was mobile banking and we started the day with the much anticipated PowerPoint presentation. Rather than a one-way communication from presenter to audience, this was a dynamic discussion bankers and Celent analysts engaging each other on a variety of mobile topics, from coupons to payments to the interaction of the two. Celent presented on three banks that are doing very interesting things with mobile:"
Sunday, September 11, 2011
Mobile Banking Updates - Sept 11
mFoundry Launches Mobile Banking Solution for Nassau Financial
"mFoundry, the fastest-growing mobile banking company in the U.S., today announced Nassau Financial Federal Credit Union of Westbury, New York (Nassau Financial) has launched Mobile-24, its new mobile banking service powered by mFoundry's mBanking mobile banking solution.
Mobile-24 is a multi-mode mobile banking solution that includes mobile Web, native mobile apps and SMS/text banking. Nassau Financial has seen strong demand for Mobile-24 since launch, with members already using one or more modes on a regular basis."
Sallie Mae mobile offering helps customers be financially responsible
"Sallie Mae has rolled out new mobile features for its banking customers to help account holders manage their money conveniently while on the go. The new offering lets account holders pay bills, transfer money and view account balances and transactions via an iPhone application. Am SMS feature lets consumers send and receive text messages to view transaction history, transfer money or receive customized alerts."
America First Launches New Mobile Service
"The $5.1 billion America First Credit Union in Riverdale, Utah, has launched a new mobile banking service for its 549,000 members. The service includes apps for Android and Apple devices and mobile browsers and text banking for users of other systems. Functionality includes tight integration with America First’s online banking system, allowing access to multiple accounts through a single login, as well as bill pay, branch and ATM locators and alerts, the credit union said."
Mobiles can help speed up inclusion banking: KPMG
"New technologies that facilitate branchless banking such as mobile phone banking and the internet, if extended properly, can help reach the financial inclusion objectives much faster, says a report by KPMG. 'The financial inclusion project and its focus on enrolling more and more customers provide a large opportunity for mobile banking'" KPMG said in a report 'Technology-enabled transformation in banking', released at the ET Banking Technology meet."
For Investors On the Go, the Best Apps
"As markets went berserk in August volatility, a record number of investors turned to smartphones and tablets to review their holdings and to execute trades.
The ranks of mobile traders are small, but at some brokerages they're growing faster than the market for smartphones. At TD Ameritrade, mobile usage of its app has more than doubled over the past year, due in part to a major boost in August. ShareBuilder, which introduced mobile investment banking this year, reports four to five million page views from mobile apps each month and that roughly 30,000 investor trades were executed in August, up 63% from July."
"mFoundry, the fastest-growing mobile banking company in the U.S., today announced Nassau Financial Federal Credit Union of Westbury, New York (Nassau Financial) has launched Mobile-24, its new mobile banking service powered by mFoundry's mBanking mobile banking solution.
Mobile-24 is a multi-mode mobile banking solution that includes mobile Web, native mobile apps and SMS/text banking. Nassau Financial has seen strong demand for Mobile-24 since launch, with members already using one or more modes on a regular basis."
Sallie Mae mobile offering helps customers be financially responsible
"Sallie Mae has rolled out new mobile features for its banking customers to help account holders manage their money conveniently while on the go. The new offering lets account holders pay bills, transfer money and view account balances and transactions via an iPhone application. Am SMS feature lets consumers send and receive text messages to view transaction history, transfer money or receive customized alerts."
America First Launches New Mobile Service
"The $5.1 billion America First Credit Union in Riverdale, Utah, has launched a new mobile banking service for its 549,000 members. The service includes apps for Android and Apple devices and mobile browsers and text banking for users of other systems. Functionality includes tight integration with America First’s online banking system, allowing access to multiple accounts through a single login, as well as bill pay, branch and ATM locators and alerts, the credit union said."
Mobiles can help speed up inclusion banking: KPMG
"New technologies that facilitate branchless banking such as mobile phone banking and the internet, if extended properly, can help reach the financial inclusion objectives much faster, says a report by KPMG. 'The financial inclusion project and its focus on enrolling more and more customers provide a large opportunity for mobile banking'" KPMG said in a report 'Technology-enabled transformation in banking', released at the ET Banking Technology meet."
For Investors On the Go, the Best Apps
"As markets went berserk in August volatility, a record number of investors turned to smartphones and tablets to review their holdings and to execute trades.
The ranks of mobile traders are small, but at some brokerages they're growing faster than the market for smartphones. At TD Ameritrade, mobile usage of its app has more than doubled over the past year, due in part to a major boost in August. ShareBuilder, which introduced mobile investment banking this year, reports four to five million page views from mobile apps each month and that roughly 30,000 investor trades were executed in August, up 63% from July."
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