Regulators Update Online-Authentication Guidance, But What About Mobile?
"Federal banking regulators on Tuesday updated their 2005 guidance about authentication for Internet banking. Officially a supplement to the original guidance, the new document addresses social media, malware, and other security issues that have cropped up in recent years. It also allows financial institutions about seven months to comply."
Young in U.S., UK turning to mobile banking -survey
"Consumer research by mobile web and application specialists Antenna said 40 percent of those who accessed the Internet via mobile phones or tablet computers in the U.S. were using mobile banking services. That compared with 25 percent in Britain.
The United States was also ahead in terms of how many users were accessing banking sites via a specific mobile application created by the bank, as opposed to reaching a mobile site via a browser on the Internet."
25% of smartphone owners use mobile banking
"25 per cent of UK mobile internet users now utilise mobile banking services, according to online consumer research released today by mobile web and app specialists Antenna. With the number of mobile-internet enabled handsets continuing to grow worldwide, banks that address the demand for both mobile apps and mobile web usage will have the sharpest competitive edge in the battle to attract new customers."
Yankee Group Sees Global Mobile Transactions Exceeding $1 Trillion by 2015
"Yankee Group's latest Mobile Money Forecast finds the value of global mobile transactions will grow from $241 billion in 2011 to more than $1 trillion by 2015, a CAGR of 56 percent. That growth, coupled with 500 million mobile banking users around the world in the same time frame, presents an enormous opportunity for both new and established players in the mobile money ecosystem. To help companies capitalize on this rapidly evolving opportunity, Yankee Group unveiled an innovative new service today called Mobile Money Strategies (TM)."
Eric Schmidt: Mobile payments at retail to explode
"Google Executive Chairman Eric Schmidt is bullish on the growth of mobile payments in the coming year. Speaking at the Cannes Lions International Festival of Creativity today, Schmidt said he believes one-third of all restaurants and retail outlets will allow for mobile payments within the next year, the Financial Times reports him as saying. He reportedly told those in attendance that that number should be enough for widespread adoption of mobile payments."
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