Post Tagged with: "mbanking"

Will China’s Mobile Payment Volume Actually Hit $1.45 Trillion?!?

Will China’s Mobile Payment Volume Actually Hit $1.45 Trillion?!?

by August 1, 2013 at 10:09 am 0 comments

There’s no doubt mobile payment volume is large and growing rapidly in China, but when it comes to putting exact numbers on that volume, well, that’s another matter entirely. Earlier this week the state-owned People’s Daily cited a report by the Internet Society of China that estimated mobile payments in China will exceed 9Read More

Moven Opens Its Doors Wider And Will Move to Mobile Originations By the End of Summer

Moven Opens Its Doors Wider And Will Move to Mobile Originations By the End of Summer

by July 10, 2013 at 11:02 am 6 comments

Moven is opening its doors wider — two Bank Innovation staffers received invitations to join the beta yesterday. There goes the neighborhood. Or maybe not — NetBanker received his invitation yesterday as well. Moven is a “mobile money service that helps you spend, save and live smarter,” according to the company’sRead More

Branch vs. self-service: Striking the banking balance

by June 18, 2013 at 10:09 am 3 comments

Retail bank branch closure is a growing trend in several countries as a cost cutting method. The thinking behind this is logical: branch banking is expensive so it makes sense to drive customers to channels such as online and mobile which still provide a wide range of services but areRead More

Tracey Weber to Leave Citibank, Will Be Replaced by Melissa Stevens

Tracey Weber to Leave Citibank, Will Be Replaced by Melissa Stevens

by June 18, 2013 at 9:40 am 0 comments

Tracey Weber, Citigroup’s managing director of internet and online banking, will be leaving the bank in late June. Under her stewardship, Citibank integrated PFM into its online banking, developed a tablet app, and refocused  online and mobile banking around a user-centered experience. She is the recipient of numerous awards forRead More

Google and Square Take a Bite Out of PayPal’s Market

Google and Square Take a Bite Out of PayPal’s Market

by May 21, 2013 at 11:07 am 2 comments

Both Google and Square clearly have PayPal in their sights. Both want to leverage their scale to get users on board their payments platform, starting with sending money by email. In the span of one week, both Google and Square announced that users could make payments over email – but not just any users. Google’s feature is being rolledRead More

US Bank in Lead on Smartphone Banking Features

US Bank in Lead on Smartphone Banking Features

by May 3, 2013 at 1:26 pm 1 comment

US Bank is out ahead of the competition in two major areas of mobile banking: voice input and image input into mobile devices. The bank is alone among major US banks in providing mobile photo bill pay capability, and is also experimenting with voice control technology that will allow transactions usingRead More

Bank of America’s Mobile Logins Now Outnumber Online Logins

Bank of America’s Mobile Logins Now Outnumber Online Logins

by May 1, 2013 at 1:11 pm 11 comments

See update here. Bank of America Corp.‘s customers are “now” logging in to the bank’s mobile platform in greater numbers than to its online platform. That monumental development was disclosed yesterday by Marc Warshawsky, the bank’s senior vice president, mobile solutions executive, at the NetFinance conference, although Warshawsky offered scant detailsRead More

A Survival Manual for Banks: The Bank Innovation Book Review of Brett King’s ‘Bank 3.0’

A Survival Manual for Banks: The Bank Innovation Book Review of Brett King’s ‘Bank 3.0’

by April 30, 2013 at 12:09 pm 2 comments

Brett King’s new book Bank 3.0 might be encapsulated in four words. Banks: Change or Die. Brett King has been beating the drum for change for years and in the past few weeks he’s offered bankers extra encouragement: His long-awaited mobile banking product Moven just opened its virtual doors to theRead More

Bank of America Reaches 12.6 Million Mobile Users, 30% YOY Growth

Bank of America Reaches 12.6 Million Mobile Users, 30% YOY Growth

by April 17, 2013 at 4:25 pm 1 comment

Bank of America reached 12.6 million mobile users in the first quarter of 2013, which is 30% higher than in the first quarter of 2012, CEO Brian Moynihan revealed in an earnings call today. The bank’s mobile users grew 5% over last quarter’s 12 million. In the first quarter of 2012,Read More

[UPDATED] Fiserv Tops 1 Million Mobile Deposit Capture Users, 7 Million Mobile Users

[UPDATED] Fiserv Tops 1 Million Mobile Deposit Capture Users, 7 Million Mobile Users

by April 4, 2013 at 10:33 am 0 comments

Fiserv has more than one million users of mobile remote deposit capture on its platform, Bank Innvoation has learned. There are 7 million users on its Mobiliti mobile banking platform. The Brookfield, Wis.-based provider of financial services technology recently announced a solution to fund reloadable prepaid cards using remote depositRead More