Research Report: Positioning for Payments in the New Mobile-Social Technology Era

We are at the beginning of a new technology cycle as consumer adoption of mobile and social media extends the reach of the web and integrates those media into the physical world. Facebook is only eight years old, and yet its planned $5 billion IPO is the largest Internet IPO ever. As in every new technology...

Research: Smartphone Banking Security

Javelin Strategy Research has release a new report entitled: “Smartphone Banking Security: Mobile Banking Utilization Stalls On Consumer Fears.” Mobile banking adoption has stagnated despite explosive growth in smartphone adoption from 2009 to 2011. In 2009, one in four smartphone owners...

Smartphone Banking Security: mBanking Susceptible to Consumer Fears

According to Research and Markets, mobile banking adoption has stagnated despite explosive growth in smartphone adoption from 2009 to 2011, and the company attributes the slowdown to consumer fears over mobile banking security. In 2009, one in four smartphone owners considered mobile banking unsafe. One year...

Mobile Banking and Payments Report: The Role of the Mobile Phone as a Banking Device

With over 2 billion users worldwide, mobile phone usage penetrates every core demographic of the world’s population. Research and Markets has announced the release of a new report entitled “ Mobile Banking and Payments.” The report assesses the role of the mobile phone as a...

Wells Fargo to Conduct Mobile Payment Trial in San Francisco

Using 200 of its San Francisco staff, the bank will test mobile-phone payments for six months—and may launch a commercial service soon after. Wells Fargo (WFC) is again trying to make mobile payments at restaurants and retailers mainstream, three years after an earlier attempt lost steam. Peter Ho, product...

Wells Fargo to Test Mobile Payments with DeviceFidelity Technology

During the first half of this year, Wells Fargo will test mobile payments with 200 employees. With DeviceFidelity’s technology, employees can use their existing BlackBerrys or iPhones to make payments at a number of fast food restaurants and retailers. via...

2010 Mobile Banking Scorecard Research Report

Javelin Strategy and Research has released its 2010 Mobile Banking Scorecard: How 19 Top Financial Institutions Compare on Mobile Channel Retail Delivery. The survey presents an overview of mobile banking services offered by 19 of the 30 largest U.S. financial institutions (FIs) based on deposits. The survey...

Many Mobile Banking App’s Not Secure, Says viaForensics

On the heels of the news of PayPal’s vulnerable iPhone application, The Wall Street Journal broke news of additional vulnerabilities in other major financial institutions’ smart phone applications. These security flaws were uncovered by computer and mobile forensics firm, viaForensics, who tested smart...

Global Mobile Banking Customer Base to Reach 1.1 Billion by 2015

Mobile banking is emerging as a key electronic channel for the global banking and financial services industry. The ubiquitous nature of mobile devices and services, and the ability of mobile banking services to reduce overall operational costs, streamline operations, and expand customer base are expected to...