Sun National Plays Large in the Cloud
"Say 'cloud' and 'businesses uses' to a group of 12 bank IT execs, and you'll likely get a dozen different answers. But one common thread in the debate is the cloud's vast potential as a low-cost leveler-smaller institutions without big bank scale or stomach for unknown risk can tackle big projects. Sun National Bank, an institution with assets of about $3.4 billion and more than 60 offices, adopted a private cloud solution to roll out its new mobile banking service last year, and is currently evaluating cloud options for existing services, such as telephone banking."
The NFC-Based Mobile Wallet Isn't Science Fiction... Yet
"There's plenty of talk behind the concept of mobile NFC payments enabled through a smartphone-as-digital-wallet. The concept of the mobile wallet is linked to the future of mobile banking and payments in general.
But talk is cheap. The closest thing to widespread contactless payments still requires a physical card with MasterCard PayPass or Visa PayWave baked in. The Samsung Nexus S, running Google's Android OS, is one of the only mass market phones in the U.S. with an independent NFC chip built in. Apple said it won't include NFC in its next iPhone one day, while the next, a report said it will. Meanwhile carriers, vendors and payments providers are all racing to build their own widespread network of NFC payments.
China's Mobile Banking Penetration Reaches 52%
"According to the "2011 China Mobile Banking Industry User Survey" recently issued in Beijing by Chinese mobile internet portal 3G.cn, as of February 2011, mobile banking reached a penetration rate of 52.2% among Chinese mobile internet users, compared to 36.8% in July 2010. The report also shows that the industry is making inroads amongst the middle-age demographic, and users' personal monthly income level continues to rise."
Payment made easy with OCBC Android app
"OCBC Bank yesterday said that it has launched a mobile banking application, allowing its customers using Android phones to scan barcodes to obtain billing details and make payments from their OCBC Bank accounts. The bank said its customers have started downloading the application, OCBC Android Mobile Banking, from the Android Market since March 26."
FNB dominates cellphone banking
"First National Bank's {FNB's) cellphone banking offering has the biggest slice of the mobile banking market in SA, according to the latest Reserve Bank industry report. Every six months, the Reserve Bank releases a consolidated industry payment report, and the latest report indicates the bank is the market leader in the cellphone banking space."
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