Mobile Banking Updates - July 4

Would You Pay a $5 Mobile Banking Fee (Video)

To Boost Mobile Banking Adoption, Engage Branch and Call Center Staff Says Fiserv White Paper
"Fiserv, Inc. FISV -0.74% , a leading global provider of financial services technology solutions, has published a new white paper that explains how financial institutions can boost mobile banking adoption by utilizing frontline staff at branches and call centers as mobile banking experts. The complimentary white paper, "Mobile Banking Adoption: Your Frontline Staff Holds the Key to Growth," can be downloaded at fiserv.com/frontline-staff."

Q2ebanking Partners With Banking Software Firm Andera
"Austin-based Q2ebanking, the developer of mobile banking software, said today that it has signed a strategic reseller partnership with Andera. Andera is a software-as-a-services company focused on account opening and lending for banks and credit unions. Q2ebanking said the move adds Andera's platform to its ebanking platform, letting financial institutions open accounts, originate loans, and sign documents electronically. Financial details of the partnership were not announced."

Mobile Banking Updates - June 28

Bank of Botetourt Selects Fiserv for Account Processing, Citing Enhanced Integration and Expanded Product Offerings
"Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Bank of Botetourt has chosen the Precision® bank account processing platform, along with a host of customer-facing solutions, including online banking, bill pay, mobile banking, social payments and remote deposit capture. Headquartered in Buchanan, Va., the $320-million bank expects to increase efficiencies through integration offered by Fiserv solutions and by moving from in-house processing to an outsourced delivery mode."

United Texas Bank Selects Q2ebanking Platform to Accelerate Unified Virtual Banking for Anytime Anywhere Access
"Q2ebanking (Q2), the leading provider of enterprise solutions for secure virtual banking, today announced that Dallas-based United Texas Bank has selected its platform to provide a unified ebanking experience for its growing base of retail and business customers. With the implementation of Q2platform, United Texas Bank will empower customers to engage with its world-class virtual branch anytime, anywhere, on any device."

Research and Markets: Mobile Payments 2013-2017
"Analysis and forecasts for the worldwide market for mobile payment services, including mobile wallet services and NFC technology. Now published in it's 3rd all-new edition, Mobile Payments offers you detailed analysis of international mobile commerce markets, including the growth of mobile wallet services, the highs and lows of NFC technology and the growth of mobile banking and remittance services. This detailed all-new report includes all the market sizing data and 5 year forecasts you need, plus case studies, country-market assessments, vendor profiles and more."

CSI puts a new 'SPIN' on P2P payments
"Computer Services Inc., a provider of end-to-end technology solutions for FIs, has introduced its Social Payments Instant Network, which enables banks to provide customers with greater P2P payment functionality through CSI mobile and Internet banking applications. Traditional P2P providers let consumers send payments to others via Internet or mobile banking, but the process requires a series of steps and multi-day waiting periods for processing before the funds are available to the receiver."

ACI Worldwide Survey: EMV Will Accelerate Adoption of Mobile Technologies, Industry Monitoring Mobile Wallet Adoption
"ACI Worldwide (NASDAQ: ACIW), a leading international provider of payment systems, today released the results of a new survey of banks, retailers and payment processors that sheds new light on industry trends related to EMV, mobile payments and banking, fraud and innovation. This survey was conducted at the 2013 ACI Americas Exchange conference in Boston, MA from June 4-6, 2013. Visit www.aciworldwide.com/ExchangeSurvey for more information."

Bank Millennium SA : Mobile Banking for Companies wins 2013 Market Pearl
"Bank Millennium Mobile Banking for Companies won the first place in the "Best Banking Offer" category of this year's "Market Pearls - Retailers' Choice" competition. It owes its victory to the votes cast by independent market experts i.e. the customers. The awards were presented at a Gala ceremony on 13 June 2013 in the Warsaw Sheraton hotel. In the "2013 Market Pearls" competition products submitted by manufacturers and distributors were voted on by shop-owners and staff, who selected the ones, which worked best and helped generate yield."

Andera’s oFlows Platform Named Intuit Financial Services’ New Account Opening Solution
"Andera, Inc. announced an expansion of its strategic partnership with Intuit Financial Services whereby Andera’s oFlows platform will be the new account opening technology for Intuit’s financial institution clients. Andera’s oFlows platform is a full account origination suite, with support for both deposits and loans, across the computer, tablet, mobile phone, branch and call center channels. With oFlows, financial institutions can increase their operational efficiency as they reduce the number of tools and products internally used to support the opening of accounts. For example, oFlows can save both the consumer and the financial institution time with the ability for applicants to leverage their mobile device to securely and rapidly attach identity-verifying documents directly to their application for a new account."

Mobile Banking Updates - Sept 16

Mobile Banking: An Overview of 15 Banks and Credit Unions
"Listening to music? Reading? Hurling revenge-crazed suicidal birds at egg-napping pigs? Banking? There’s an app for that. Mobile banking is all the rage nowadays, but not all mobile banking apps are created equal. NerdWallet examines the mobile banking apps at 15 of the largest financial institutions. A few of the largest institutions, including HSBC and SECU, do not have an app, although they both offer mobile websites."

The Mobile Banking Infographic
"More and more people are using mobile banking services. In fact, now that 87% of the U.S. population has a mobile phone, half of which are smartphones, the trend will undoubtedly continue its upward trajectory. According to some estimates, 20% of mobile subscribers use their phone to access mobile banking services, with 80% saying it’s more convenient than an ATM machine."

Mobile banking becoming more common, Andera says
"American consumers are becoming more comfortable conducting banking business on mobile devices, according to a new report from financial software company Andera Inc. The 30-month study of application traffic sources showed that consumers in the U.S. are becoming more comfortable conducting more complex banking functions and transactions on smartphones and tablets."

Citizens Bank Launches Mobile Banking
"Today, Citizens Bank introduced Citizens Bank Mobile Banking featuring Xpress Deposit. Now Citizens Bank consumer clients can enjoy the convenience and security of depositing checks, viewing balances, transferring funds, paying bills and locating a Citizens Bank branch or ATM using their mobile phone. Citizens Bank Mobile Banking works with smartphones, mobile phones with Web access and standard cell phones that have a text package."

Banks Close Branches, Raise Account Costs
"Banks are squeezing out customers with higher costs and fewer locations. Several large midwestern banks are scaling down the number of branches they operate and adding sophisticated ATMs that can replace tellers, according to banking leaders who spoke at a financial services conference on Monday, American Banker reported. The latest wave of banks closing locations included Akron, Ohio-based First Merit; Pittsburgh's PNC bank and Key Bank, based in Cleveland. Bank of America, based in Charlotte, NC, has also scaled back its number of branches and ATMs throughout the country in order to cut costs. Earlier this year, First Niagara closed a number of HSBC bank branches in New York after it took over the bank's upstate operations."

World Council Partners With Mobile Banking, Transfer Service
"The World Council of Credit Unions has teamed up with Palo Alto, Calif.-based Boom Financial, a company providing mobile banking and money transfer services to immigrant and unbanked families, in order to bring more business to credit unions in developing countries, Boom Financial announced. The World Council, the global trade association and development agency for 51,000 credit unions that serve 196 million people around the world, will act as a broker and technical consultant solution for Boom, enabling the company to expand its reach into new countries, Boom said."

Union First Market Bank launches tablet banking for iPad
"Union First Market Bank, a provider of community banking and mortgage loan services, has launched tablet banking for the iPad powered by Intuit Financial Services. Customers can now access mobile banking functions directly from their iPad like viewing account balances and account transaction history, transfering funds between eligible accounts, paying bills on the spot, locating nearby ATMs and branches and accessing their financial institution's mobile website, the company said."