Japanese mobile payments hold promise reports Celent

"Japanese consumers typically make payments in shops using cash and coupons or rewards; it is also sometimes possible to pay by charging the customer’s mobile phone bill. The Celent report, Retail Payments in Japan – a Land of Contrasts and Opportunity, suggests that the gradual shift of e-commerce in the country towards mobile channels is shifting banks to cooperate with popular reward schemes, which can increasingly be used online and via mobile." Continue Reading

UK mobile banking increases while cheque usage fades

"The last 12 months saw a significant increase in the use of mobile banking in the UK, while the use of cheques saw a decline. Barclays Bank revealed that registrations for its mobile application rose 200 per cent when compared with figures from 2012, as more customers embrace the use of digital banking services." Continue Reading

5 Mobile Banking Trends to Watch in 2014

"Just five years ago, mobile banking seemed futuristic, the stuff of sci-fi; but today, it has emerged as a must have, and also potentially, as a way for small credit unions to compete with big banks. A regional credit union can’t have hundreds of branches, but for smartphone carrying members, there is a branch in every pocket. That is the game-changing magic of the technology." Continue Reading

More mobile please – but make it relevant

"The likes and dislikes of mobile banking customers around the world suggest that there is an opportunity to expand mobile services globally – but providers need to be careful they are targeting the right information to the right people, according to a new survey by analytics firm FICO." Continue Reading

Mobile malware threats to continue to increase in 2014: Trend Micro

"According to experts, cyber security will remain a growing concern in 2014 with mobile malware on the rise. A recent report by Trend Micro foresees potential threats in 2014 and possible solutions to combat them.

Trend Micro states that mobile banking will be the target of malware and the basic two step verification process will no longer be enough. The firm warns organizations to expect major data breaches once a month in 2014." Continue Reading

Mobile Phones Set To Reduce Banking Branches In 2014

"This is the year that mobile banking will really make a dent in branch networks, according to James DeBello, CEO and president of Mitek, a company that is helping make that happen. It introduced remote deposit capture — take a picture of a check with your smartphone and send the image to your bank.

Now it is introducing mobile account sign-up, so you can open an account from your phone or tablet without ever setting foot in branch. Just shoot images of the front and back of your drivers license." Continue Reading

It’s the year for digital financial products

"With the rapid growth in ownership of mobile and tablet devices, consumers today want to be able to access financial services and transact with retailers in their own convenience. Last year saw some interesting new products introduced in Dubai, including mobile banking applications." Continue Reading