"Mobile banking vendors' revenues will nearly double this year, to $26 million, if the number of deployments doubles as the vendors expect, according to a report from Aite Group LLC. For the report, the Boston research firm evaluated questionnaires completed in October and November by 14 mobile banking vendors operating in the United States, including Clairmail Inc., Harland Financial Services Inc., mFoundry Inc. and Verisign Inc."
Mobile Banking Tools: Still Not Quite There
"For as much as people in the industry chatter about mobile banking, the offerings are still less than stellar. At the Consumer Electronics Show last week, nearly every vendor touted the cell phone as the hub of a consumer’s electronic life. That’s not surprising, considering iPhone sales have been one of the few bright spots for an industry heavily hammered by the recession. And now, more than ever, people want to know what’s going on in their bank accounts at all times."
Banking Processors Quietly Grab Market Share in Mobile Services
"Mobile-banking installations grew by 44% last year, and should more than double in 2009 as the technology picks up even more momentum. But the vendors serving this market, often startups without other product lines, now face potent competition from processors that have entered the business only recently and are already grabbing market share. That’s according to a report released this week by Aite Group LLC, a Boston-based research firm."
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Sunday, January 11, 2009
Mobile Banking Updates - Jan 11
Banks Can Keep Customers, Make Money With Mobile
"Bankers who want to cut customer churn and make money should look no further than the mobile device in their pockets, argues Yankee Group in new research. Generally, banks have largely viewed the channel as a way to generate savings by diverting customer service away from call centers or interactive voice response. But at some point, they have to look beyond saving overhead and use mobile as a revenue generator."
Consumers Don't See Mobile Banking As Secure
"The report, titled "2008 Mobile Banking Security Standards," said 47% of nonparticipants did not sign up because of security. Despite the lack of large-scale mobile phone attacks, 73% of consumers fear hackers could remotely access their phones. "
La Caixa reaches 1 million mobile banking customers in 2008
"Spanish bank La Caixa has reached 1 million mobile banking customers in 2008, exceeding its goals for the year."
Young families keenest on mobile banking - Monilink
"Monilink, the people that provide the mobile money services for customers of many of the UK's high street banks, today revealed that young families and new home owners are the main users of mobile banking services."
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