"Brandon McGee, Industry Insider, Mobile Banking Guru...He is not only the real deal, a genuine industry insider, but also knows exactly what's on the minds of financial service pros as they contemplate the various mobile options." - Jim Bruene, Publisher & Founder, Online Financial Innovations

"Going Mobile. Local executive carves niche as national expert on fast-growing banking-industry technology trend" - Scott Olson, Indianapolis Business Journal (IBJ)

"Brandon McGee, the industry's unofficial ambassador for mobile banking" 
Showing posts with label Cell Phone Banking. Show all posts
Showing posts with label Cell Phone Banking. Show all posts

Wednesday, October 17, 2007

Mobile Banking or Cell Phone Banking

The other day I was riding in the elevator when a co-worker asked, "what's your new role?" My now standard response is, "Mobile banking...(then I pause and wait for a confused look on their face and follow with)...it's basically online banking on a cell phone."

That's when it occurred to me - why is it called Mobile Banking. Why isn't it called cell phone banking?

Now, I know that technically there are smart phones, cell phones, PDA's and pocket PC's which are all (Mobile Devices) but truthfully the only people that really use those terms are the handset manufacturers. I would never leave someone a voicemail and say - call me on my mobile. Nor would I say - call me on my smart phone.

So my questions are:
* Where did the term "Mobile Banking" come from and is it appropriate for the U.S.?
* Could this unfamiliar term be negatively affecting adoption?

I have not been able to confirm my hunch, but I'm guessing that the source of the phrase comes from overseas where people use the generic term "mobile" to refer to the same device that we call our "cell phone."

Thoughts??