Tiny Ameriana Bank Battles Heavy Hitters with New Mobile App
"As it charts its course in mobile banking, Ameriana Bank faces competition in its eastern Indiana footprint from much larger banks that have been offering mobile banking for years, such as JPMorgan Chase and PNC."
Intel, MasterCard, Motorola Mobility Put $18M In Mobile Banking Platform mFoundry
"mFoundry, a company that powers mobile banking solutions for more than 500 banks and credit unions nationwide, is announcing a new round of funding, to the tun of $18 million, from MasterCard (which led the investment), Intel Capital, FIS, and Motorola Mobility. This bring’s mFoundry’s total funding to $40 million."
Fifth Third launches mobile banking apps
"There is now an app for Fifth Third Bank’s mobile services.
Fifth Third, which operates 15 branches in the Pittsburgh area and ranks as the region's 17th largest bank as ranked by deposits, has launched a banking app for use with iPhones, Android devices and BlackBerry smartphones."
Chase Finally Releases Mobile Banking App for BlackBerry With Check Deposits!
"The day has finally come. Chase has released their Chase Mobile app for BlackBerry users (for a very limited number of devices). This new app lets you access your account AND deposit checks with your camera. It will also let you send payments and other features including:"
Showing posts with label Fifth Third Bank. Show all posts
Showing posts with label Fifth Third Bank. Show all posts
Sunday, December 11, 2011
Thursday, December 8, 2011
Mobile Banking Updates - Dec 8
Fifth Third boosts mobile banking with smartphone apps, texting
"There is now an app for Fifth Third Bank’s mobile services. Fifth Third has launched a banking app for use with Apple products such as iPhones and app launchers for Android and BlackBerry smartphones. The downtown-based bank also announced Thursday it is adding text banking. That allows customers to make transfers and get their account information by sending a text message to Fifth Third."
Android exploits new mobile banking enemy
"With Google Inc.'s Android mobile operating system increasingly finding itself in the sights of malicious software, Canadian banks are facing a new enemy on the mobile frontier.
Reports of Android malware have increased sharply in recent months, with Juniper Networks reporting that as many as 55 per cent of Android applications are not what they seem. It’s a disturbing trend, but financial information is not being targeted in significant way, say banks and industry experts. At least, not yet."
Mobile Banking - It's more than just another channel
"I was in a meeting recently discussing the mobile aspirations of a client. Beyond their initial foray into the mobile space, offering an iPhone app that can do just a little bit less than their current internet offering, my client had not spent much time thinking about mobile. If anything, mobile was something that they felt compelled to get into due to market pressures from competitors who have launched their mobile applications to much fan fair. They consistently referred to mobile in the context of all their other channels and spoke about it as if mobile's sole utility was in replicating previously available transactional processes already available via some of their other channels."
MAKING SENSE OF IT ALL: Mobile banking: a channel in its own right
"It’s becoming clear that mobile banking, if not already commoditized, soon will be. The question for banks is how to differentiate their mobile channel enough so that it not only prevents current customers from leaving, but actually attracts new customers and business. A number of analysts have weighed in on this recently."
Chase Awarded Javelin Strategy & Research's "Best in Class" for Mobile Banking in 2011
"Chase announced today that Javelin Strategy & Research recently awarded them "Best in Class" for mobile banking 2011, beating 24 of the largest retail banking financial institutions measured by deposits. According to Javelin's recently-released third Mobile Banking Scorecard, Chase won by providing a broad range of features and specialty apps to complement its mobile offering, including person-to-person transfers through Chase QuickPay (SM), account rewards, and mobile remote deposit capture via Chase QuickDeposit (SM)."
J.P. Morgan Names New Unit CFO
"J.P. Morgan Chase & Co. will continue expanding and investing in its consumer-banking business, the unit's heads affirmed in a memo that named a new chief financial officer for the consumer bank.
Chase, the retail side of the nation's biggest bank by assets and deposits, hired David Owen, the former head of online and mobile banking at Bank of America Corp., to be finance chief for the unit. He is charged with ..."
Tablet banking on the rise
"As banks work to deliver new tools for account holders, a survey shows that the future of mobile banking may be bigger than a smartphone. In a survey conducted by Oracle Communications, more than 3,000 mobile users indicated there is a very bright future for tablet computers. The majority of people have jumped on the smartphone bandwagon, but when it comes to money management, tablets appear to be the technological tool of choice."
First Citizens' Federal Credit Union introduces mobile banking
"First Citizens' Federal Credit Union announced the release of Mobile Banking, which allows members to access account information, view transaction history, transfer funds, make bill payments and find branch or ATM locations. Once enrolled in Mobile Banking, members may choose from three mobile banking options."
"There is now an app for Fifth Third Bank’s mobile services. Fifth Third has launched a banking app for use with Apple products such as iPhones and app launchers for Android and BlackBerry smartphones. The downtown-based bank also announced Thursday it is adding text banking. That allows customers to make transfers and get their account information by sending a text message to Fifth Third."
Android exploits new mobile banking enemy
"With Google Inc.'s Android mobile operating system increasingly finding itself in the sights of malicious software, Canadian banks are facing a new enemy on the mobile frontier.
Reports of Android malware have increased sharply in recent months, with Juniper Networks reporting that as many as 55 per cent of Android applications are not what they seem. It’s a disturbing trend, but financial information is not being targeted in significant way, say banks and industry experts. At least, not yet."
Mobile Banking - It's more than just another channel
"I was in a meeting recently discussing the mobile aspirations of a client. Beyond their initial foray into the mobile space, offering an iPhone app that can do just a little bit less than their current internet offering, my client had not spent much time thinking about mobile. If anything, mobile was something that they felt compelled to get into due to market pressures from competitors who have launched their mobile applications to much fan fair. They consistently referred to mobile in the context of all their other channels and spoke about it as if mobile's sole utility was in replicating previously available transactional processes already available via some of their other channels."
MAKING SENSE OF IT ALL: Mobile banking: a channel in its own right
"It’s becoming clear that mobile banking, if not already commoditized, soon will be. The question for banks is how to differentiate their mobile channel enough so that it not only prevents current customers from leaving, but actually attracts new customers and business. A number of analysts have weighed in on this recently."
Chase Awarded Javelin Strategy & Research's "Best in Class" for Mobile Banking in 2011
"Chase announced today that Javelin Strategy & Research recently awarded them "Best in Class" for mobile banking 2011, beating 24 of the largest retail banking financial institutions measured by deposits. According to Javelin's recently-released third Mobile Banking Scorecard, Chase won by providing a broad range of features and specialty apps to complement its mobile offering, including person-to-person transfers through Chase QuickPay (SM), account rewards, and mobile remote deposit capture via Chase QuickDeposit (SM)."
J.P. Morgan Names New Unit CFO
"J.P. Morgan Chase & Co. will continue expanding and investing in its consumer-banking business, the unit's heads affirmed in a memo that named a new chief financial officer for the consumer bank.
Chase, the retail side of the nation's biggest bank by assets and deposits, hired David Owen, the former head of online and mobile banking at Bank of America Corp., to be finance chief for the unit. He is charged with ..."
Tablet banking on the rise
"As banks work to deliver new tools for account holders, a survey shows that the future of mobile banking may be bigger than a smartphone. In a survey conducted by Oracle Communications, more than 3,000 mobile users indicated there is a very bright future for tablet computers. The majority of people have jumped on the smartphone bandwagon, but when it comes to money management, tablets appear to be the technological tool of choice."
First Citizens' Federal Credit Union introduces mobile banking
"First Citizens' Federal Credit Union announced the release of Mobile Banking, which allows members to access account information, view transaction history, transfer funds, make bill payments and find branch or ATM locations. Once enrolled in Mobile Banking, members may choose from three mobile banking options."
Monday, March 7, 2011
Mobile Banking Updates - Mar 7
There's No Money in Mobile Banking
"First, read my thumbs. I don't text; I don't own an i-anything; nothing's attached to my ears; both hands are on the steering wheel; my cell phone still works for away-from-office calls; my laptop does everything I need to do; I don't need to be a mobile banking user; and most of all, I am one very happy camper. But I certainly don't represent the mainstream of bank user population."
Analyst: Banks Most Comfortable On iPhone
"Over the last year, Android has come to rival the market share of Apple's iOS operating system. But when it comes to offering financial services on mobile phones, banks have favored the iPhone over Android and other smartphone platforms. That's the view of Gartner analyst Avivah Litan, who focuses on financial fraud and authentication at the research firm."
Fifth Third Bank enhances mobile banking features to on-the-go consumers
"Fifth Third Bank is enhancing its mobile banking experience by providing customers with better access to their accounts, bill-paying capabilities and real-time personalized text alerts. The company partnered with ClairMail to use its mobile banking technology. Using the new technology, Fifth Third Bank will be able to connect to multiple financial systems and future-proof their mobile powered offerings."
Kenya: Mobile Banking And Security Risks
"Nairobi — Looking back, a prolific chief executive once mentioned that Kenyans have peculiar habits and second to their peculiar calling habits is the love of their cellphone handsets. The astute CEO read the Kenyan environment well and built a multi award winning innovation around this peculiar habit."
"First, read my thumbs. I don't text; I don't own an i-anything; nothing's attached to my ears; both hands are on the steering wheel; my cell phone still works for away-from-office calls; my laptop does everything I need to do; I don't need to be a mobile banking user; and most of all, I am one very happy camper. But I certainly don't represent the mainstream of bank user population."
Analyst: Banks Most Comfortable On iPhone
"Over the last year, Android has come to rival the market share of Apple's iOS operating system. But when it comes to offering financial services on mobile phones, banks have favored the iPhone over Android and other smartphone platforms. That's the view of Gartner analyst Avivah Litan, who focuses on financial fraud and authentication at the research firm."
Fifth Third Bank enhances mobile banking features to on-the-go consumers
"Fifth Third Bank is enhancing its mobile banking experience by providing customers with better access to their accounts, bill-paying capabilities and real-time personalized text alerts. The company partnered with ClairMail to use its mobile banking technology. Using the new technology, Fifth Third Bank will be able to connect to multiple financial systems and future-proof their mobile powered offerings."
Kenya: Mobile Banking And Security Risks
"Nairobi — Looking back, a prolific chief executive once mentioned that Kenyans have peculiar habits and second to their peculiar calling habits is the love of their cellphone handsets. The astute CEO read the Kenyan environment well and built a multi award winning innovation around this peculiar habit."
Wednesday, February 16, 2011
Mobile Banking Updates - Feb 16
Mobile Banking to Hit US$ 100 Bil., Showing Steady Growth
"More Koreans are using mobile phones for financial transactions and mobile banking is growing at a steady rate.
The year 2010 alone saw a more than 200 percent increase in mobile banking.
While "on-the-go" banking is available with regular cell phones, experts attribute the increasing popularity of smartphones, which make mobile banking easier to use since Korean banks offer iPhone and Android applications, as the cause of the rise."
Absa frees up cellphone banking
"Absa now offers free unstructured supplementary service data (USSD) access to its cellphone banking customers. The offer is specifically for the bank's Vodacom customers, who use the Absa Cellphone Banking Lite service. 'This means, even without airtime, Absa Cellphone Banking Lite customers can still access and perform a host of transactions from their mobile handsets via USSD if they are a Vodacom client,' explains Adrian Vermooten, head of mobile channels at Absa."
Mobile, P2P and Consumer Demand
"Demand for more mobile services is the catalyst for Fifth Third Bank's launch in mid-2011 of mobile peer-to-peer payment service available via the and online banking channels, says Fifth Third's Larry McClanahan, who's heading up the project. 'Initially, it's going to be more online P2P, rather than mobile. Customers are very comfortable with that online channel, but we definitely see the mobile component of it growing rapidly,' he says. 'It's all about what customers are looking for.'"
"More Koreans are using mobile phones for financial transactions and mobile banking is growing at a steady rate.
The year 2010 alone saw a more than 200 percent increase in mobile banking.
While "on-the-go" banking is available with regular cell phones, experts attribute the increasing popularity of smartphones, which make mobile banking easier to use since Korean banks offer iPhone and Android applications, as the cause of the rise."
Absa frees up cellphone banking
"Absa now offers free unstructured supplementary service data (USSD) access to its cellphone banking customers. The offer is specifically for the bank's Vodacom customers, who use the Absa Cellphone Banking Lite service. 'This means, even without airtime, Absa Cellphone Banking Lite customers can still access and perform a host of transactions from their mobile handsets via USSD if they are a Vodacom client,' explains Adrian Vermooten, head of mobile channels at Absa."
Mobile, P2P and Consumer Demand
"Demand for more mobile services is the catalyst for Fifth Third Bank's launch in mid-2011 of mobile peer-to-peer payment service available via the and online banking channels, says Fifth Third's Larry McClanahan, who's heading up the project. 'Initially, it's going to be more online P2P, rather than mobile. Customers are very comfortable with that online channel, but we definitely see the mobile component of it growing rapidly,' he says. 'It's all about what customers are looking for.'"
Sunday, January 23, 2011
Mobile Banking Updates - Jan 23
MasterCard debuts ATM mobile offering on Android platform
"MasterCard is letting customers search for and find the nearest ATM via an application for Android-enabled devices. Consumers can customize their search based on their banking needs, including the ability to search for a specific financial institution if they need to make a deposit. The application is available as a free download in Android Market and is also available on iPhone and BlackBerry devices."
Preparing for the Big Mobile Revolution - Eric Schmidt, Google
"Second, we must attend to the development of mobile money. Phones, as we know, are used as banks in many poorer parts of the world—and modern technology means that their use as financial tools can go much further than that."
Mobile challenges to the financial sector
"What's big in payments right now? I don't think we have to guess. Our good friends at PaymentsNews have already pointed out that 'Two payment-related themes are emerging from NRF conference being held this week in New York: POS encryption/tokenization and mobile payments acceptance.'"
Fifth Third Bank taps mobile payments service to accommodate consumers
"Fifth Third Bank is accommodating tech-savvy customers via a new email and mobile payments service. The bank is using CashEdge’s Popmoney email and mobile payments service which will be offered to consumers in mid-2011. Customers can send money from their online or mobile banking by using a recipient’s email, phone number or bank account information."
iPhones Ring at HSBC, CBOE
"While most iPhone banking apps to date have been more informational than transactional, First Direct has launched a transactional app, making it an early adopter among global banks. The UK-based online banking unit of HSBC, First Direct’s free app will allow consumers to use their iPhones and iPod Touches to view balances, the previous 20 transactions, make payments and transfer money between accounts. Apps for other smartphones are in the pipeline."
HSBC (First Direct) does do mobile
"Back in May last year, I complained about HSBC and its apparent lack of a mobile strategy. My complaints were purely selfish, because I wanted to be able to bank on my iPhone, and couldn’t find a way to do it. As an HSBC customer, I was jealous that other banks were offering something I couldn’t use. Well, last week, HSBC released their iPhone app to customers of its direct banking unit First Direct. It is an excellent first step."
"MasterCard is letting customers search for and find the nearest ATM via an application for Android-enabled devices. Consumers can customize their search based on their banking needs, including the ability to search for a specific financial institution if they need to make a deposit. The application is available as a free download in Android Market and is also available on iPhone and BlackBerry devices."
Preparing for the Big Mobile Revolution - Eric Schmidt, Google
"Second, we must attend to the development of mobile money. Phones, as we know, are used as banks in many poorer parts of the world—and modern technology means that their use as financial tools can go much further than that."
Mobile challenges to the financial sector
"What's big in payments right now? I don't think we have to guess. Our good friends at PaymentsNews have already pointed out that 'Two payment-related themes are emerging from NRF conference being held this week in New York: POS encryption/tokenization and mobile payments acceptance.'"
Fifth Third Bank taps mobile payments service to accommodate consumers
"Fifth Third Bank is accommodating tech-savvy customers via a new email and mobile payments service. The bank is using CashEdge’s Popmoney email and mobile payments service which will be offered to consumers in mid-2011. Customers can send money from their online or mobile banking by using a recipient’s email, phone number or bank account information."
iPhones Ring at HSBC, CBOE
"While most iPhone banking apps to date have been more informational than transactional, First Direct has launched a transactional app, making it an early adopter among global banks. The UK-based online banking unit of HSBC, First Direct’s free app will allow consumers to use their iPhones and iPod Touches to view balances, the previous 20 transactions, make payments and transfer money between accounts. Apps for other smartphones are in the pipeline."
HSBC (First Direct) does do mobile
"Back in May last year, I complained about HSBC and its apparent lack of a mobile strategy. My complaints were purely selfish, because I wanted to be able to bank on my iPhone, and couldn’t find a way to do it. As an HSBC customer, I was jealous that other banks were offering something I couldn’t use. Well, last week, HSBC released their iPhone app to customers of its direct banking unit First Direct. It is an excellent first step."
Thursday, September 10, 2009
Mobile Banking Report Card - ABI Research
ABI Research just released their Mobile Banking report card of 29 bank solutions on Reuters.
"The results are as follows:
A - Exceptional: BB&T, Eastern Bank, Fifth Third Bank, Northeast Bank, USAA, Wells Fargo
B+ - Very Good: Bank of America, Chase
B - Good: Capital One, US Bank, Huntington Bank
C - Average: America First, Bancorp South, Citibank, PNC, Wachovia
D - Below Average: Carolina First, 1st Bank, IBC Bank, Mercantile Bank, Regions, SunTrust, Synovus
F - Failing: M&T, Provident Bank
No mobile banking offering: Citizens Bank, Comerica, HSBC, KeyBank"
>> Click here to continue reading
"The results are as follows:
A - Exceptional: BB&T, Eastern Bank, Fifth Third Bank, Northeast Bank, USAA, Wells Fargo
B+ - Very Good: Bank of America, Chase
B - Good: Capital One, US Bank, Huntington Bank
C - Average: America First, Bancorp South, Citibank, PNC, Wachovia
D - Below Average: Carolina First, 1st Bank, IBC Bank, Mercantile Bank, Regions, SunTrust, Synovus
F - Failing: M&T, Provident Bank
No mobile banking offering: Citizens Bank, Comerica, HSBC, KeyBank"
>> Click here to continue reading
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