Royal Bank of Canada Launching Mobile Payments System Motley Fool As mobile commerce continues to grow worldwide, Royal Bank of Canada (NYSE: RY ) this week announced its customers will be able to securely purchase goods and services with debit or...
In the banking space, I'm often confronted with passionate arguments for why face-to-face interactions, the availability of advice and the psychological comfort of brick-and-mortar spaces still matter.
Transactions on Kenya's latest mobile banking innovation, M-Shwari, crossed the Sh1 billion (USD11.6m) mark at the close of last year in an overwhelming uptake that could force the country's banks back to the drawing board.
By 2017, an estimated one billion people will use mobile banking. Even today, mobile banking has become an accepted – if not routine – part of daily life.
But according to the data presented in a new infographic from FICO, there’s often a gap between what mobile services customers want and what their banks offer.
Getting it right can drive big benefits for both bank and customer, they say.
The infographic combines industry survey research findings on market demand and issues of concern, along with FICO customer results in key areas.
The data reveals that 62% of borrowers in the US and the UK believe that the biggest communications problems with their banks relate to technology. A large segment of borrowers in each market want more tailored services akin to what they now expect from retailers.
To learn more, check out the fascinating inforgraphic below and explore mobility’s evolving role in banking, credit and fraud.
When it comes to mobile wallets, consumers are most knowledgeable about PayPal compared to competitors such as Google, Starbucks, MasterCard and Square, according to a new study from PwC. PwC's “Consumer ...
Market Platform Dynamics CEO Karen Webster takes her best guess, and provides an illuminating review of Google’s history in retail, wallets and commerce of all kinds: ...[Google] moved Google Wallet under Advertising, and longtime Google executive, Susan Wojciciki. In my mind sent a very strong message about its plans for the near and maybe not so near future, which is to stop trying to be a retail payments player for bricks-and-mortar stores...
VIDEO: How to Play the Mobile Banking Revolution Investorplace.com And then, of course, there's constant innovator Google (NASDAQ:GOOG) with its Google Wallet and deep-pocketed mobile behemoth Apple (NASDAQ:AAPL).
6abc.com Mobile Wallet Adoption Facing Hurdles To Broader Adoption MA V AAPL Investor's Business Daily "We hear about Samsung, Visa, MasterCard and telecom carriers getting involved in mobile wallets, but where are Wal-Mart, Best Buy and McDonald's?
The agenda for Wired Money, a one-day summit taking place in London on 1 July, has been announced. The first session of the day, entitled "Money Online: The Democratisation of Finance and Investment" features speakers from companies offering users powerful online tools that are changing the ways we deal with personal finance and money. Delegates will be able to hear insights from the likes of Giles Andrews, CEO and co-founder of Zopa, a peer-to-peer lending and savings platform; and Alastair Lukies, CEO and founder of Monitise, a mobile banking and payments service.
Mobile and Alternative Payments in Mexico PR Newswire (press release) Indeed, major banks and telecommunications companies, most notably Telcel, have launched mobile banking and payments platforms that we expect to gain significant traction in 2013.
American Banker (subscription) The Debate Around Responsive Design in Mobile Banking American Banker (subscription) Responsive web design — a method of designing and developing websites such that they display well on a range of devices — is a...
Depositors saving trips with new mobile apps Boulder County Business Report Since a recent survey indicated that 15 percent of customers who change banks do so because of mobile banking services, BVCU wants to be sure it has what potential...
Clutch Mobile Wallet Launches, Promises Passbook-Like Functionality For Android Android Police For those reasons, stopgap apps like Clutch - an e-commerce app that allows you to pay with barcodes generated by your credit, debit, loyalty or gift...
What business owners need to know about these developing technologies.
You've probably seen the acronym NFC but might not be clear about what it is and why there's been so much hullabaloo about it. NFC stands for near field communications -- a secure radio technology that enables two devices to wirelessly trade data when they are within about five centimeters of each other.
One example of NFC is the Chase Blink credit card, which includes an NFC chip and enables users to wave their cards in front of an NFC-enabled point-of-sale terminal instead of having to swipe it.
For many businesses, the goal is to use NFC to turn smartphones into "mobile wallets," meaning you would need only your smartphone, not your credit card, to make payments. Some of the major credit card companies, banks and cellular carriers have created an international mobile wallet standards consortium called Isis. Similarly, Google has developed its own set of mobile wallet standards, called Google Wallet.
U.K.-based telecommunications research firm Juniper Research has predicted NFC-enabled payments will total $180 billion by 2017. But this number just begins to illustrate the paradigm-shifting changes at retail NFC can bring.
Here's what business owners need to know about NFC.
Javelin Research: [...] In this fifth annual report, Javelin’s Mobile Banking Scorecard analyzes and compares the 24 mobile banking services of the leading 25 U.S. retail financial institutions by gross annual deposit size. The scorecard covers more than 1,200 data points using mystery shopping, mobile web, and phone data collection methods. The report studies device access and mobile web, app, and SMS text banking. It also identifies feature changes over the past year. Three key functionalities in leading offerings are identified by Javelin as areas of special focus. The report also analyzes consumer activity data, to explore how consumers are fundamentally altering their mobile financial behavior over time. Finally, current U.S. mobile consumer share for tablet and smartphone operating systems and wireless providers is included.
Therese's comment: $2 500. Sounds worth it. The 3 keys are tex banking, alerts and noifications
As the number of neighborhood bank branches dwindles, Americans increasingly use their mobile phones to manage money and shop. Payments made via mobile devices in the United States are expected to total $90 billion ...
... One YC-backed startup is betting that fingerprints and other forms of biometric identification may be the payment method of the future though. Called PayTango, they’re partnering with local universities to offer a quick and easy way for students to use their fingerprints to pay instead of credit cards....
Daily News Exim Bank Launches Mobile Banking Service AllAfrica.com EXIM Bank, Tanzania's sixth largest bank in terms of total deposits and assets has launched its mobile banking service that will enable the bank's customers access their accounts...
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