Mobile Banking Updates - Jan 18

A revolution coming in corporate mobile banking
"The corporate mobile banking market has matured quite a bit, and a slew of new devices, cheaper data plans, and faster networks are upon us. Business mobile users have the opportunity to take advantage of rich and powerful mobile banking services, provided their bank has an offering, according to a recent report from Celent. Key findings of the report include:"

Emerging Markets Mobile Banking Runs Ahead Of Google Wallet
"Mobile phones have changed banking faster in emerging markets than in developed countries, so they may provide an indication of where hot tech like the Google Wallet might go if it ever catches up with South Africa, Kenya or Bangladesh. Banks in emerging markets are using mobile phones to extend their services to existing customers and to provide banking connectivity to individuals with no previous banking relationship."

Challenges for lenders with mobile banking
"Banks must keep up with technological developments to make it easier for their customers to use mobile banking, while regulators have to overcome concerns about privacy and security, says professional services firm KPMG. In a new report that has implications for SA’s banks, KPMG said last week that the rapid adoption of mobile banking was changing relationships among banks, retailers and telecoms providers."

IBC BANK ENHANCES ITS MOBILE BANKING OFFERINGS
"IBC Bank has expanded its mobile banking program by adding Bill Pay functionality to IBC Mobile. The service is accessible via www.ibc.mobi from any device that can connect to the Web -- including all Androids, Blackberries, and iPhones. The added technology launched this week and is a convenient alternative to the downloadable apps currently available that are uniquely designed for the operating systems of specific mobile devices."

Mobile banking expands to making deposits by smartphone
"He doesn't have a jet pack, but Julian Figgins does have technology that was only dreamed of a few years ago, and it helps him do his chores faster. When Figgins has a check to deposit, the West Sacramento resident doesn't lumber to the nearest bank. Instead, he snaps a picture of the check with his smartphone, taps the screen a few times, and the check is deposited to his account."

BISP disburses Rs 1.16b through mobile banking
"Benazir Income Support Programme (BISP) has disbursed an amount of Rs 1.16 billion through Mobile Phone Banking, ensuring faster and more reliable cash transfer to its beneficiaries. Mobile Phone Banking introduced for the first time in the history of the country was initially launched in the districts including Larkana, Battagram, Layyah, Rawalpindi and Islamabad."

Mobile Banking Updates - Jan 10

Vendors Give Browser-Based Mobile Banking Apps a Facelift
"Banking applications for iPhone, iPad, Android, BlackBerry and other mobile devices are growing fast, but not all consumers are keen to download specialized apps from their bank. Some prefer to bank using just a web browser on their device.

ComScore, a firm that measures digital commerce, says that in the first half of 2011, mobile app usage for banking information increased from 8.7 million users to 12.7 million users. Browser usage for banking information increased at a slower rate, but is still larger than the app market-expanding from 15.4 million to 17.5 million users."

E*TRADE Launches Mobile Deposit for iPhone(R)
"E*TRADE Financial Corporation ETFC today announced that E*TRADE Securities LLC has introduced mobile deposit for iPhone, enabling customers to electronically deposit checks to their brokerage or E*TRADE Bank accounts remotely with the use of their iPhone camera."

IBC Bank Enhances Its Mobile Banking Offerings
"IBC Bank has expanded its mobile banking program by adding Bill Pay functionality to IBC Mobile. The service is accessible via www.ibc.mobi from any device that can connect to the Web -- including all Androids, Blackberries, and iPhones. The added technology launched this week and is a convenient alternative to the downloadable apps currently available that are uniquely designed for the operating systems of specific mobile devices."

Brookline Bank Selects Jack Henry Banking to Provide Enterprise-Wide Automation
"Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking(TM) division announced today that Brookline Bank has selected its SilverLake core processing system to provide enterprise-wide automation. This Massachusetts-based bank holding company will implement SilverLake and more than 13 of Jack Henry Banking's integrated complementary solutions, including the jhaPassPort(TM) ATM and debit card transaction processing platform and iPay Consumer Online Bill Pay(TM), through the company's outsourced offering."

Small local bank plays big in mobile world
"Kourtney Houle is a doctor of family medicine. She also has two children younger than the age of 2 — a 16-month-old and a 7-week-old. The combination keeps her pretty busy. That’s why she appreciates the capabilities of mobile banking. 'You learn to multitask when you’re holding a baby and trying to cook dinner,' said Houle, whose family recently took out a loan to build a home in St. Augusta. 'I can make a payment on my phone and look up anything on our other accounts. Anything that can make life easier, I’m on board with.'”

iPhone Mobile Banking Application - IBC Bank/mFoundry

Late last week I heard that IBC Bank/mFoundry had launched a new mobile banking application through the iPhone App Store. I'm going to receive a demo on Tuesday, but here are a few screen-prints and a couple of the customer reviews.





"Best Banking App to Date... 5 Stars (by Clown Price)
This app rocks, much smoother than just a faceplate on a mobile web experience. These guys obviously care about providing their customers with a solid product."

"Amazing, incredible app 5 Stars (by JSpurr)
Note to other banks: make an app like this if you want to keep customers happy. Absolutely brilliant!"

IBC Bank and mFoundry - Mobile Banking

LAREDO, Texas & SAN FRANCISCO--(BUSINESS WIRE)--Mobile banking leader mFoundry today announced the selection of mFoundry’s Spotlight financial platform by IBC Bank, the Laredo-based flagship bank of International Bancshares Corporation (NASDAQ: IBOC), one of the largest bank holding companies in Texas. IBC will leverage mFoundry’s Spotlight Mobile Banking solution to provide IBC’s customers with real-time, on-demand access to their IBC checking, savings and credit card accounts. Click to read the full press release.