Malauzai Software Launches Mobile Banking SmartApp for iPad
"Malauzai Software Inc., a provider of mobile banking SmartApps for community financial institutions, has launched its mobile banking app for iPad devices. The technology is currently in use by several institutions, including Huntsville, Ala.-based Worthington Federal Bank. Malauzai’s iPad SmartApp takes advantage of the larger tablet screen to introduce enhanced navigation capabilities to the mobile banking experience. Accounts are now displayed on scrolling tiles instead of lists, and users can have more than one workspace open at a time. For instance, users can view transaction history while making a transfer."
Mobile virus writers pay to Google Play
"An explosion in mallicious software -malware - targeting Android smartphone users is being fueled in part by a budding market for mobile virus creation kits, as well as a brisk market for hijacked or fraudulent developer accounts on Google's app store Google Play that can be used to disguise malware as legitimate apps for sale. I recently encountered an Android malware developer on a semi-private underground forum who was actively buying verified developer accounts at Google Play for $US100 apiece. Google charges just $US25 for Android developers who wish to sell their applications through the Google Play marketplace, but it also requires the accounts to be approved and tied to a specific domain. The buyer in this case was offering $US100 for sellers willing to part with an active, verified Google Play account tied to a dedicated server."
Will mobile banking fees turn away consumers? - Mobile Commerce Daily
"PNC bank is reportedly considering charging customers a fee when they use their mobile phones to deposit a check, a service that is now free. One of the attractions of mobile banking for consumers has been convenience but the fact that these services are typically free has also played a role. The question is whether by tacking a fee onto mobile deposits, this might slow the adoption of mobile banking."
Tablet users expected to make up 19 percent of mobile banking customers in 2017
One in four tablet users is predicted to pay bills via the device by 2017, according to a report by Juniper Research. Adoption of bill presentment and payment, or BPP, transactional banking by tablet users will be higher than by smartphone users, the report found. Tablet users are expected to make up 19 percent of mobile banking customers in 2017, or 200 million users, up from 9 percent of mobile banking customers in 2013."
Pros and Cons of Mobile Banking
"Many major commercial banks are now offering consumers the choice to make deposits, send money, and perform other routine tasks using a mobile app. Bank customers can now use a smartphone or tablet for basic transactions like check deposits and bill payments, making it easier to keep an eye on finances without a trip to the ATM."
Fiserv integrates P2P service into mobile banking platform
"Financial services technology provider Fiserv Inc. is looking to expand the use of its Popmoney peer-to-peer payments product. The company announced today that it will be integrating the P2P feature into its Mobiliti mobile banking platform. With the integration, P2P payments can be made directly from a user's mobile banking account. Additionally, users of P2P payments can manage payments and view transaction history from within their mobile banking application."
As Mobile Reshapes Payments Business, Fiserv Combines P2P Payments & Mobile Banking Offerings
"As consumers become more comfortable and engaged with the concepts of mobile wallets, mobile payments and other forms of digital payments transactions, the financial technology community is taking notice. For example, more than 16 billion person-to-person payments are made each year, according to McKinsey & Company. A 2012 Forrester Research report found that 51% of tablet banking users and 46% of mobile banking users would like to make person-to-person payments via their devices. Even though there is still considerable uncertainty about how things will play out in terms of standards, revenues and regulation no one wants to be left out of the race to dominate the mobile money space."
Showing posts with label PNC Bank. Show all posts
Showing posts with label PNC Bank. Show all posts
Thursday, March 21, 2013
Monday, March 18, 2013
Mobile Banking Updates - Mar 18
The Future of Mobile Banking
"Mobile banking apps make banking and managing finances more convenient and less time consuming. They also reduce the need for working with loads upon loads of paper, like all those forms you need to fill out in brick-and-mortar banks. The most common activities performed by mobile banking app users include scanning and depositing checks, monitoring account balances and, for some, managing travel or hotel bookings. Many banks also offer online banking options for those who want an easier way to control their cash flow, pay their bills, and locate ATM stations."
For Students, Banking 2.0 Involves Social Media (and the Ads That Go With It)
"Let’s say you’re in college. You’re taking a full load of courses, balancing classes with a work-study job that pays minimum wage, and whether you eat or not depends entirely on the credit still left on your weekly meal plan. Money’s tight and you’re caught in between independence and still having to rely on your parents’ generosity."
Banks must adapt to Hispanics' mobile banking needs, study says
"A recent study has found that as Hispanics across the country embrace mobile technologies, banks hoping to attract Hispanic customers must change their marketing tactics to be more mobile. The “Hispanic Mobile Banking Trends Study” — which was conducted by Zpryme Research and Consulting LLC, an Austin-based research advisory firm, and ThinkNow Research, a California-based Hispanic consumer research firm — found that 69 percent of Hispanics use their smartphone for mobile banking and 49 percent use their tablet for mobile banking."
Mobile Banking Will Help the Poor Prosper
"When it comes to strengthening our financial security, Americans' relative wealth means more access to banking and the kinds of innovative technologies that put financial management and security at our fingertips. In the U.S. and much of Europe, smartphone use is becoming ubiquitous, and virtually every major bank offers app-based banking services. Even in the U. S., however, access to basic banking services isn't as widespread as it may seem. One in 12 American households lacks any kind of deposit account, according to a recent report by the Federal Deposit Insurance Corporation. In much of the rest of the world, access to formal financial services of any kind is even harder to come by. An estimated 2.5 billion adults lack consistent, reliable financial services, according to data from the World Bank. For three out of four of the world's poorest individuals – those who live on less than $2 per day – access to basic financial tools is nearly non-existent. But there is hope."
Mobile Banking Fees: Money Maker Or Momentum-Killer?
"Will charging for mobile banking apps slow their rate of adoption? We could see an interesting case study in that debate soon, as PNC bank is reportedly considering charging for its mobile check depositing service. PNC’s mBanking features are, as they are for most major banks, currently free for customers. But according to this recent Mobile Commerce Daily piece, the potential to add revenue may be too great a temptation for banks to resist: even if it means fewer people us their services."
Next in Mobile Banking: Photo Bill Payments
"Now that many banking customers are used to depositing paper checks by snapping a photo with their cellphones, some banks are adding another feature: photo bill pay. U.S. Bank this week introduced a mobile “photo bill pay” service, which allows its online and mobile banking customers to snap a photo of a paper bill with their phone and have the information automatically loaded into their account. Then, they can pay the bill electronically. First Financial Bank in Abilene, Tex., began offering the service earlier this year, too. A hat tip to Netbanker for bringing that bank to our attention."
Report: Tablet boost to mobile banking
"A quarter of tablet PC users will use their device to pay bills by 2017. That is one of the headline findings of a new report by Juniper Research. Because of a sharp rise in tablet adoption, Juniper calculates that users of transactional tablet banking services will number almost 200 million in 2017. The research firm says this will account for around 19 per cent of total mobile banking customers in 2017, up from 9 per cent this year."
"Mobile banking apps make banking and managing finances more convenient and less time consuming. They also reduce the need for working with loads upon loads of paper, like all those forms you need to fill out in brick-and-mortar banks. The most common activities performed by mobile banking app users include scanning and depositing checks, monitoring account balances and, for some, managing travel or hotel bookings. Many banks also offer online banking options for those who want an easier way to control their cash flow, pay their bills, and locate ATM stations."
For Students, Banking 2.0 Involves Social Media (and the Ads That Go With It)
"Let’s say you’re in college. You’re taking a full load of courses, balancing classes with a work-study job that pays minimum wage, and whether you eat or not depends entirely on the credit still left on your weekly meal plan. Money’s tight and you’re caught in between independence and still having to rely on your parents’ generosity."
Banks must adapt to Hispanics' mobile banking needs, study says
"A recent study has found that as Hispanics across the country embrace mobile technologies, banks hoping to attract Hispanic customers must change their marketing tactics to be more mobile. The “Hispanic Mobile Banking Trends Study” — which was conducted by Zpryme Research and Consulting LLC, an Austin-based research advisory firm, and ThinkNow Research, a California-based Hispanic consumer research firm — found that 69 percent of Hispanics use their smartphone for mobile banking and 49 percent use their tablet for mobile banking."
Mobile Banking Will Help the Poor Prosper
"When it comes to strengthening our financial security, Americans' relative wealth means more access to banking and the kinds of innovative technologies that put financial management and security at our fingertips. In the U.S. and much of Europe, smartphone use is becoming ubiquitous, and virtually every major bank offers app-based banking services. Even in the U. S., however, access to basic banking services isn't as widespread as it may seem. One in 12 American households lacks any kind of deposit account, according to a recent report by the Federal Deposit Insurance Corporation. In much of the rest of the world, access to formal financial services of any kind is even harder to come by. An estimated 2.5 billion adults lack consistent, reliable financial services, according to data from the World Bank. For three out of four of the world's poorest individuals – those who live on less than $2 per day – access to basic financial tools is nearly non-existent. But there is hope."
Mobile Banking Fees: Money Maker Or Momentum-Killer?
"Will charging for mobile banking apps slow their rate of adoption? We could see an interesting case study in that debate soon, as PNC bank is reportedly considering charging for its mobile check depositing service. PNC’s mBanking features are, as they are for most major banks, currently free for customers. But according to this recent Mobile Commerce Daily piece, the potential to add revenue may be too great a temptation for banks to resist: even if it means fewer people us their services."
Next in Mobile Banking: Photo Bill Payments
"Now that many banking customers are used to depositing paper checks by snapping a photo with their cellphones, some banks are adding another feature: photo bill pay. U.S. Bank this week introduced a mobile “photo bill pay” service, which allows its online and mobile banking customers to snap a photo of a paper bill with their phone and have the information automatically loaded into their account. Then, they can pay the bill electronically. First Financial Bank in Abilene, Tex., began offering the service earlier this year, too. A hat tip to Netbanker for bringing that bank to our attention."
Report: Tablet boost to mobile banking
"A quarter of tablet PC users will use their device to pay bills by 2017. That is one of the headline findings of a new report by Juniper Research. Because of a sharp rise in tablet adoption, Juniper calculates that users of transactional tablet banking services will number almost 200 million in 2017. The research firm says this will account for around 19 per cent of total mobile banking customers in 2017, up from 9 per cent this year."
Wednesday, February 8, 2012
Mobile Banking Updates - Feb 8
Customer Satisfaction Grows for Financial Institutions and Banking Websites in 2011
"comScore, Inc., a leader in measuring the digital world, today released the 2011 edition of its annual State of Online and Mobile Banking report, which provides a comprehensive view of the key online and mobile banking trends in the U.S. in 2011. The report draws its analysis from a survey of more than 2,000 U.S. Internet users, supplemented by data from the comScore Mobile Financial Services Advisor report and the comScore opt-in behavioral panel of over 1 million U.S. Internet users."
City Bank Mobile Banking
"Surprisingly for a community bank, City Bank, a $1.9 billion institution in Lubbock, Tex., offers a few wrinkles in its recently updated mobile banking app that we haven't seen elsewhere. The app lets users turn their debit card "off" if they think their card has been lost or stolen. 'If you wake up in the morning and don't know where your debit card is, or if you've misplaced it, you can log onto the mobile app and turn your debit card off,' says Jim Simpson, vice president of IT. 'Then if you find the card later in the day, you can log back into the mobile app and turn the card back on. You're able to avoid calling an 800 number and going through all sorts of manual steps to do the same thing.'"
Why corporate mobile banking is scary
"In its December report on the emergence of corporate mobile banking, Celent wrote that “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,” Sound pretty good. But the report, “Corporate Mobile Banking: Revolutionizing Cash Management,” authored by Jacob Jegher, also raises red flags about security."
PNC Strikes to Head Off Mobile Banking Patent Suit
"On January 25, Finnegan client PNC Financial Services Group Inc. filed a declaratory action against Maxim Integrated Products Inc. in the Western District of Pennsylvania seeking to avoid becoming Maxim’s latest target of patent litigation over mobile payment and banking applications. The suit claims that not only do PNC’s iPhone app and other mobile banking apps not infringe Maxim’s patents, but that the patents in question are invalid."
"comScore, Inc., a leader in measuring the digital world, today released the 2011 edition of its annual State of Online and Mobile Banking report, which provides a comprehensive view of the key online and mobile banking trends in the U.S. in 2011. The report draws its analysis from a survey of more than 2,000 U.S. Internet users, supplemented by data from the comScore Mobile Financial Services Advisor report and the comScore opt-in behavioral panel of over 1 million U.S. Internet users."
City Bank Mobile Banking
"Surprisingly for a community bank, City Bank, a $1.9 billion institution in Lubbock, Tex., offers a few wrinkles in its recently updated mobile banking app that we haven't seen elsewhere. The app lets users turn their debit card "off" if they think their card has been lost or stolen. 'If you wake up in the morning and don't know where your debit card is, or if you've misplaced it, you can log onto the mobile app and turn your debit card off,' says Jim Simpson, vice president of IT. 'Then if you find the card later in the day, you can log back into the mobile app and turn the card back on. You're able to avoid calling an 800 number and going through all sorts of manual steps to do the same thing.'"
Why corporate mobile banking is scary
"In its December report on the emergence of corporate mobile banking, Celent wrote that “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,” Sound pretty good. But the report, “Corporate Mobile Banking: Revolutionizing Cash Management,” authored by Jacob Jegher, also raises red flags about security."
PNC Strikes to Head Off Mobile Banking Patent Suit
"On January 25, Finnegan client PNC Financial Services Group Inc. filed a declaratory action against Maxim Integrated Products Inc. in the Western District of Pennsylvania seeking to avoid becoming Maxim’s latest target of patent litigation over mobile payment and banking applications. The suit claims that not only do PNC’s iPhone app and other mobile banking apps not infringe Maxim’s patents, but that the patents in question are invalid."
Thursday, September 15, 2011
Mobile Banking Updates - Sept 15
PNC banks on digital age
"Skott Dickerson likes his bank to have a lot of branches. But what he really loves is for it to have a killer app for his banking needs. 'Branches are still important. But online banking and mobile banking are definitely a priority of mine,' said Dickerson, 35, of Irwin. A Pittsburgh-area native, he chose PNC Bank for that reason when he moved back in January from Indianapolis.
Dickerson is the kind of customer PNC Financial Services Group Inc. hopes to snare when it marches into the Southeast for the first time next year: Those willing to jump to a new bank with their smartphones and laptops — not necessarily with their feet — into a branch."
Barcode readers and mobile e-invoices
"During summer I was toying around idea how mobile payments could be combined with barcode readers. Some of my friends have with their iPhone online banking app. They can scan new paper payments with camera and barcode. When scanning picture they upload document info to banking app and pay. It seems to work fine with them.
For this idea, I started to make idea, where one phone app could generate barcodes, send message to email-address or as sms to phone. Receiving party would get message, open his app and read barcode. This message would be then read by own banking app on phone and payment would be executed by phone. "
More and more, banking goes mobile
"AlixPartners LLP, the global business-advisory firm based in New York, last month announced a deal to buy Boston-based Mercatus LLC, a consulting firm that advises banks and investment firms. Globe reporter Todd Wallack spoke with Mercatus founder and managing partner Robert Hedges about the deal and trends in the industry."
RBS teams up with Monitise to deliver broad range of mobile banking services
"Monitise has signed a new partnership agreement with Royal Bank of Scotland (RBS) Technology Services to broaden mobile banking and payments services across its banking divisions.
Monitise has strengthened its existing relationship with RBS by entering a new five-year global strategic partnership. Under the terms of the new agreement, RBS will utilise Monitise’s industry leading and award-winning platform to provide innovative bank-grade and secure mobile apps and services to RBS customers."
Tyfone to Showcase Mobile Banking and Transaction Revenue Generating Mobile Wallet at Symitar Educational Conference
"Tyfone (www.tyfone.com), a mobile financial solutions provider, will be exhibiting at the Symitar Educational Conference (SEC) held in San Diego, Calif., September 20-22, 2011. Tyfone’s mobile banking solutions integrate seamlessly with the Symitar Episys core. Tyfone will be showcasing its secure mobile banking technology, its unique revenue generation Mobile Wallet Service called iCashé and introducing SideSafe – its Secure Mobile Authentication solution at the event."
Mitek Systems Brings Balance Transfer to Smartphones; Mobile Imaging Makes It As Easy As 'Point, Shoot and Transfer'
"Mitek Systems, Inc., the leader in mobile-imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, today announced an innovative application for the financial services industry that enables consumers to switch bank credit card accounts as simply as 'Point, Shoot and Transfer."'
"Skott Dickerson likes his bank to have a lot of branches. But what he really loves is for it to have a killer app for his banking needs. 'Branches are still important. But online banking and mobile banking are definitely a priority of mine,' said Dickerson, 35, of Irwin. A Pittsburgh-area native, he chose PNC Bank for that reason when he moved back in January from Indianapolis.
Dickerson is the kind of customer PNC Financial Services Group Inc. hopes to snare when it marches into the Southeast for the first time next year: Those willing to jump to a new bank with their smartphones and laptops — not necessarily with their feet — into a branch."
Barcode readers and mobile e-invoices
"During summer I was toying around idea how mobile payments could be combined with barcode readers. Some of my friends have with their iPhone online banking app. They can scan new paper payments with camera and barcode. When scanning picture they upload document info to banking app and pay. It seems to work fine with them.
For this idea, I started to make idea, where one phone app could generate barcodes, send message to email-address or as sms to phone. Receiving party would get message, open his app and read barcode. This message would be then read by own banking app on phone and payment would be executed by phone. "
More and more, banking goes mobile
"AlixPartners LLP, the global business-advisory firm based in New York, last month announced a deal to buy Boston-based Mercatus LLC, a consulting firm that advises banks and investment firms. Globe reporter Todd Wallack spoke with Mercatus founder and managing partner Robert Hedges about the deal and trends in the industry."
RBS teams up with Monitise to deliver broad range of mobile banking services
"Monitise has signed a new partnership agreement with Royal Bank of Scotland (RBS) Technology Services to broaden mobile banking and payments services across its banking divisions.
Monitise has strengthened its existing relationship with RBS by entering a new five-year global strategic partnership. Under the terms of the new agreement, RBS will utilise Monitise’s industry leading and award-winning platform to provide innovative bank-grade and secure mobile apps and services to RBS customers."
Tyfone to Showcase Mobile Banking and Transaction Revenue Generating Mobile Wallet at Symitar Educational Conference
"Tyfone (www.tyfone.com), a mobile financial solutions provider, will be exhibiting at the Symitar Educational Conference (SEC) held in San Diego, Calif., September 20-22, 2011. Tyfone’s mobile banking solutions integrate seamlessly with the Symitar Episys core. Tyfone will be showcasing its secure mobile banking technology, its unique revenue generation Mobile Wallet Service called iCashé and introducing SideSafe – its Secure Mobile Authentication solution at the event."
Mitek Systems Brings Balance Transfer to Smartphones; Mobile Imaging Makes It As Easy As 'Point, Shoot and Transfer'
"Mitek Systems, Inc., the leader in mobile-imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, today announced an innovative application for the financial services industry that enables consumers to switch bank credit card accounts as simply as 'Point, Shoot and Transfer."'
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