So now we know. Brian Moynihan, the chairman and chief executive of Bank of America, disclosed yesterday the rate of savings the megabank is getting from its customers shifting to mobile banking for services: 90%. Indeed, Moynihan said on an investor call yesterday that mobile “is one-tenth the cost relative toRead More
Post Tagged with: "mobile deposits"
Bank of America Corp. released numbers on its mobile deposits and they are impressive. The key figure: 12% of all deposits at the nation’s second-largest bank are now transacted on mobile devices. Last quarter, the bank noted 10% of its deposits were mobile, so this number has grown 20% inRead More
Bank of America is more mobile than ever. BofA CEO Brian Moynihan, speaking at the 2013 Goldman Sachs Financial Services Conference in New York today, laid out some specific numbers that give a window into technology initiatives at the bank, and they are making the bank more mobile. The bank is seeingRead More
Regions Bank made headlines last week when it announced it was introducing mobile remote deposit capture (RDC) for a — gasp! — fee. US Bank has offered the service for $0.50 per deposit for two years now. Last month, PNC Bank President William Demchak said the bank was considering chargingRead More
Citibank won’t take a remote deposit of a check of more than $500. At PNC Bank the maximum is $2,500. Chase’s limit is $2,000. These limits do not sit well with Mitek Systems Inc., which is the main purveyor of remote deposit capture and aims to expand adoption of RDC.Read More