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."