Consumers Increasingly Switching Banks for Mobile Considerations: Report
"A new study released this week predicts that 50 percent of U.S. bank customers will use mobile banking services by 2016. The study, conducted by business advisory firm AlixPartners, found that 39 percent of consumers say that having a mobile offering is either "extremely important" or "important" in their decision to switch primary banks.
According to AlixPartners, 15 percent of U.S. banking customers currently use mobile banking, up from 12 percent during the second quarter of 2011."
Banking on a midsize screen
"Kony Solutions recently issued version 2.0 of its mobile retail banking application, which it says offers immediate access to such features as payment approvals, mobile check deposits, and full account management capabilities. One of its distinguishing features, according to David Eads, vice president and general manager, is its ability to support new phones, tablets, and browsers as these are introduced. 'Financial institutions must deliver the latest mobile banking services on the devices and browsers their customers use, while staying ahead of the technology curve,' Eads says."
Postal Credit Union in Minnesota to Launch Mobile Banking
"Following the successful roll-out of the new PCU Online Banking and Bill Pay, Postal Credit Union (PCU) in Minnesota is preparing to launch its Mobile Banking service in late March. PCU Mobile Banking will provide a safe and secure way for members to conduct their banking business on the go, anytime, with any mobile device. With PCU Mobile Banking, members will have the ability to check account balances, view recent transactions, transfer funds and locate ATMs and PCU branches. Three methods of PCU Mobile Banking will be available:"
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