Wells Fargo sees big uptick in mobile banking users (Video)

"Wells Fargo & Co. (NYSE: WFC), Colorado’s largest bank, has seen significant growth in its mobile banking users in the last couple of years, which has meant the bank has had to work hard to keep up the latest mobile technologies and security procedures. In a nutshell for banks, that means always making sure the technology works and provides a safe and seamless experience for its customers, said Armin Ajami, vice president and senior product manager for Wells Fargo." Continue Reading

Mobile banking is on the verge of cashing in!

"Amongst working adults 26% are using their phones for some form of financial or banking transaction, with 16% intending to try mobile banking. But it is those without bank accounts, ironically, that are fuelling the growth of mobile payments – a higher percentage than those with bank accounts, according to BuzzCity research.

Of those who are already mobile banking, balance enquiries, bank transfers and cash withdrawals, are the top three most-used banking features. When it comes to non-banking activities, 13 per cent now use their phones to receive their salaries, and 12 per cent pay for goods via their phones." Continue Reading