Category Archives: Mobile Banking

Banca Móvil

MasterCard, Syniverse Protect Against Card Fraud With Phone Geolocation

MasterCard and Syniverse are jointly piloting a service supporting card transactions that cannot be enabled unless users have their mobile device turned on in a specific geolocation abroad. “Between 50 and 80 percent of transactions that are declined are actually legitimate transactions, but they are declined by financial institutions for security reasons,” reports MasterCard’s HanyContinue Reading

Wells Fargo Embracing New Era With ‘Mobile First’ Attitude

At the recent International Advertising Bureau conference in Palm Springs, Fla., Wells Fargo & Co. Chief Marketing Officer Jamie Moldafsky said the San Francisco-based bank is taking a “mobile first” attitude. “Our biggest opportunity – but also challenge – is how to get the organization to think mobile first,” she said. “Historically, when people haveContinue Reading

Customer Requests Drove Ally Bank to Create Windows Phone 8 App

Ally Bank has rolled out a mobile app for the Windows Phone 8 that will allow customers to view account data, deposit checks, and set up recurring electronic transfers. After an update later this year, the app will handle bill payments and person-to-person payments. Most banks have yet to develop apps for the Windows PhoneContinue Reading

First Niagara Updates Mobile Banking App

First Niagara Bank has added new capabilities to the mobile banking application for smartphones that it launched in January 2013. New features that are being offered on the app include remote deposit capture and one-swipe balance. First Niagara has 420 branches in Connecticut and three other states. From “First Niagara Updates Mobile Banking App” NewContinue Reading

How Small Banks Can Overcome Big Banks’ Lock on Mobile

Kevin Tynan, senior vice president for marketing at the $850-million asset Liberty Bank for Savings in Chicago, says community banks face a major threat from big banks in the realm of mobile banking. With online banking used by 51 percent of U.S. adults and 61 percent of Internet users, he says community banks cannot affordContinue Reading

Consumer Remote Capture Seen as Most Risky Area

With the explosion of mobile remote deposit capture (RDC) demand, banks are seeing a shift in where RDC losses are occurring. “Risk and compliance were banks’ top commercial RDC priorities for several years,” says Bob Meara, senior analyst with Celent’s Banking Group and author of a report on the subject. “Now, it’s the retail banks’Continue Reading

AT&T’s Bid to Intertwine Its Services With Mobile Banking Apps

AT&T would like to partner with banks on their mobile banking apps, providing a range of hosted services from call recording to videoconferencing to geolocation services to mobile identity verification. The telecom is producing a set of APIs that lets banks and third-party providers hook some of its basic services into their mobile apps. FromContinue Reading

Banks Rushing to Keep Up With Demand for Mobile Banking

Studies have shown that mobile users tend to log into their banking accounts twice as often as regular online users, prompting banks to rush to adapt their online banking systems for mobile customers. And while many of the core banking functions such as withdrawals, deposits, balance transfers, and loan payments, are now being done remotelyContinue Reading

Smaller Banks Consider Digital Products to Broaden Reach

Community banks are taking a closer look at technology as more customers do less business at branches and increasingly rely on mobile banking. Some banks are even shrinking their branch networks to focus on digital offerings in the hopes of attracting consumers who do not live near a branch. Profit Resources President Tim Holt saysContinue Reading

How Smartphones Are Changing Small Business Lending

The mobile revolution is beginning to shake up lending, making it far easier to borrow money where and when it is needed. In the past few months, several start-ups and established banks have released smartphone apps, letting users apply for, take out, and grant loans. The smartphone app changes small-business owners’ loan behavior, says VictoriaContinue Reading