Navy Federal Introduces New Experience in Mobile Banking

"Navy Federal Credit Union today announced the launch of its mobile application on the iPad device. Building on the success of its current mobile services, the credit union developed unique features for its latest mobile banking offering-the ability to transfer money between accounts from a single screen, a tracking tool for savings and spending, and an embedded calculator. The iPad app also takes a step beyond traditional mobile banking content to include resources for learning, links to news from the credit union, and even entertainment." Continue Reading

Mobile Banking Updates - Sept 20

SunTrust Enhances Mobile App with Mobile Deposit Capability
"SunTrust Banks, Inc. (NYSE: STI) recently enhanced its Mobile App with "SunTrust Mobile Deposit" for clients with iPhone or Android devices. The added service provides clients with the ability to take photos of checks and deposit them remotely. In addition to the convenience provided by SunTrust Mobile Deposit, other key features of the service include:"

Banno Unveils New Features for Grip, Strengthens the Mobile Banking Standard with Pre-Transaction Insights
"Banno (formerly T8 Webware), the provider of progressive, custom-branded mobile applications, websites and personalized payment card services, introduced new enhancements to Grip, its financial decision support tool, at FinovateFall. With Grip, financial institutions can brand and offer an app that provides comprehensive mobile support for purchase decisions. Its new features are designed to bridge the gap in mobile information, from the traditional balances and statements, to real purchasing ability."

CapTech Develops Navy Federal's Updated Mobile Banking Applications
"CapTech is pleased to announce the release of Navy Federal Credit Union's updated mobile banking apps for iPhone and Android. CapTech architected, developed and project managed the mobile apps and service tier based on business requirements and designs created by Navy Federal. The updated mobile apps provide Navy Federal members with a beautiful and simple native experience to deposit checks, transfer funds and pay their credit card from anywhere in the world using an iPhone or Android mobile phone. CapTech worked with Navy Federal's design team to implement a new native app experience that as a result has nearly doubled the average user rating for both apps."

CREALOGIX announces new product for mobile authentication, mobile banking
"Switzerland-based supplier of e-banking solutions, CREALOGIX, has announced its latest product for secure authentication on smart phones. CLX.MobileSecurity, will enable access using the audio interface of a mobile device’s NFC functionality, without losing any of the required security."

Mobile Banking Updates - Sept 6

CapTech Develops Navy Federal's Updated Mobile Banking Applications
"CapTech is pleased to announce the release of Navy Federal Credit Union's updated mobile banking apps for iPhone and Android. CapTech architected, developed and project managed the mobile apps and service tier based on business requirements and designs created by Navy Federal. The updated mobile apps provide Navy Federal members with a beautiful and simple native experience to deposit checks, transfer funds and pay their credit card from anywhere in the world using an iPhone or Android mobile phone. CapTech worked with Navy Federal's design team to implement a new native app experience that as a result has nearly doubled the average user rating for both apps."

Branch Banking Is Still a Moneymaker for Banks
"With the proliferation of Internet and mobile banking, you might think the old-fashioned branch bank may be falling out of favor. While it's true that some banks have closed branch locations to save money, evidence abounds that bank branches are still popular with customers -- and lucrative for banks."

How to manage your company’s cash flow through online and mobile banking
"Is cash more important than profits? It actually may be, as profitable companies fail every year simply because owners don’t have enough cash to pay their bills. The problem is so pervasive that the U.S. Small Business Administration cites insufficient capital as the No. 2 reason that small businesses fail. And insufficient cash flow may keep owners from making advantageous hires or acquisitions, or even from receiving a paycheck."

Mobile Banking Updates - Jul 24

University Federal Credit Union crosses 25pc mobile banking adoption rate
"Financial institution University Federal Credit Union has reached a 25 percent mobile banking adoption rate in nine months, showing how the industry is quickly gaining steam. University Federal Credit Union is using a three-pronged mobile banking strategy that includes an optimized site, applications and SMS. University Federal Credit Union is working with mFoundry."

OCEANSIDE CHRISTOPHER, THE CATHOLIC CREDIT UNION LAUNCHES MOBILE BANKING IPAD SWEEPSTAKES
"Oceanside Christopher, The Catholic Credit Union, today announced that entries are being accepted through July 31 in its First-Ever Mobile Banking Sweepstakes. One Grand Prize Winner will be named in August 2012 and receive The New iPad with Wi-Fi (16GB), a $500 retail value. As the leading provider of electronic banking services to Catholics, Oceanside Christopher has established the following eligibility requirements for this sweepstakes:"

Zions Bank Launches Smartphone App for Businesses
"Zions Bank business clients have a new option for managing their accounts on the go with the Business Mobile Banking smartphone app. The free app, which launched July 12, enables clients to:"

ANB MOBILE BANKING
"You spoke, and we listened! Now Amarillo National Bank is Absolutely Anywhere! ANB's powerful and completely new Mobile Banking app puts the ability to access your account, check balances, pay bills, transfer funds, and find branch and ATM locations as close as your iPhone. It's convenient, secure, and available 24/7."

On the Go
"Considering that banking a generation ago always involved visiting a branch — or at least an ATM — it says something that even logging on to a Web site may be too slow for some customers. But when PeoplesBank added text banking to its growing stable of online and mobile services, it established a new standard for speed."

Navy Federal Takes Mobile Banking To New Heights
"Navy Federal Credit Union’s newly upgraded iPhone® and AndroidTM apps provide a more simplified sign on process, implementing a password-only “Remember Me” feature, mobile deposits, and international availability. From form to function, both the apps are making satisfied members out of their military families for whom convenience and portability is a must."

A Philadelphia startup joins mobile banking trend with app
"East River Bank said it introduced its first-ever mobile banking app. The free download is available in the App Store for iPhones and the Android Market. The startup form Philadelphia’s East Falls section said the app allows account holders, wherever they are, to check account balances, transfer funds between accounts and pay bills."

Texas Trust CU Launches Mobile Banking Solutions
"Accessing financial information has just become infinitely easier for consumers and business owners doing business with Texas Trust Credit Union. With the launch of its convenient Mobile Solutions portfolio, Texas Trust's members will be able to conduct secure financial business remotely through the use of a mobile phone."

Strong Union Technology Brings Mobile Banking to Millions
"Many large banks in China were looking to add new services for their commercial customers. Strong Union Technology developed a mobile banking solution that uses Windows Embedded Standard to create kiosks that introduce customers to mobile banking in a way that simplifies the process and earns their trust."

Mobile Banking Updates - May 25

New Boston Fed Paper: Mobile Payments in the US at Retail Point of Sale
"The Consumer Payments Research Center at the Federal Reserve Bank of Boston has released a new public policy discussion paper titled 'Mobile Payments in the United States at Retail Point of Sale: Current Market and Future Prospects' authored by Marianne Crowe, Marc Rysman, and Joanna Stavins."

Navy Federal Credit Union and EffectiveUI Unveil Navy Federal iPhone App
"Navy Federal Credit Union, the world's largest credit union, and EffectiveUI, an award-winning user experience (UX) design and development agency, today announced the release of a free mobile banking app for the iPhone and iPod touch®. The Navy Federal mobile app will make it easier for the organization's 3.4 million members to securely manage their accounts from wherever they may be in the world."

Sun National Bank Goes Mobile With mFoundry
"Sun National Bank announced today that it has partnered with mFoundry to launch Sun on Hand(TM), a state-of-the-art, fully integrated and comprehensive mobile banking solution for its customers. Featuring text messaging, mobile web and application technology, the program makes financial management possible anytime, anywhere for people with mobile phone access."

KeyBank Enhances, Expands Online and Bank Channel Capabilities
"KeyBank has enhanced its online banking capabilities and added mobile banking to its suite of banking solutions. Both moves reflect Key's ongoing efforts to provide clients with a breadth of options that meet their specific banking needs while delivering a superior overall client experience."

Bank of the West deploys online account opening and funding service from CashEdge
"US financial services provider Bank of the West has teamed up with account aggregation, funds transfer and online account opening company CashEdge to deploy the latter's online account opening and funding service for its retail banking customers."

Obopay Names Deepak Chandnani President
"Obopay, a leading mobile banking and payment provider, today announced the appointment of Deepak Chandnani as president of Obopay, Inc. The appointment is effective immediately and is a newly created position for Obopay."

MasterCard to Open Its Software for Application Development
"MasterCard Inc. is planning to open up its software format, enabling third-party programmers to develop payments applications for its network. The company said Tuesday that it would release open application programming interfaces for developers later this year. 'We feel this will unleash innovation within our industry, especially in the burgeoning areas of e-commerce and mobile payments,' Josh Peirez, MasterCard's chief innovation officer, said in a press release."

SMS Banking upgrades dominate recent development
"The May update of Mapa’s UK Mobile Banking and SMS Competitor Intelligence dashboards recorded notable new services as well as removed services in the UK market. Barclays have been the most active player in the mobile field the last months. Following the removal of SMS Banking highlighted in the Mapa update from February, the bank has now introduced their new and upgraded SMS Banking service. Customers sign up within Internet Banking and can register for regular balance alerts as well as triggered transaction alerts for a flat fee of £2 a month."