Flurry of Mobile Banking News as BAI Show Starts
As we head out to Las Vegas for the BAI Retail Delivery Show, we see a flurry of mobile banking news announcements have come out this morning as the show opens.
-The Nielsen Company has come out with data showing that mobile banking in the U.S. grew 129% in the last two years. There are now more than 13 million mobile subscribers in the U.S., the firm says. According to a June 2010 survey, people who use their mobile phone for web-based banking tend to be younger, male and more ethnically diverse than their online banking counterparts.
-ING Direct today launched mobile banking and mobile investing applications for Android devices. These apps join the online bank's family of banking and investing iPhone and Blackberry apps and Android ATM locator app, which were launched earlier this year.
-Boeing Employees' Credit Union, Seattle, has rolled out Firethorn's mobile banking application to its 650,000 members.
-$14.5 billion-assets Pentagon Federal Credit Union has implemented Consumer Source Capture from Fiserv, a system that lets members deposit checks by scanning them at home or at their office. Three weeks after launching the application, the credit union says it saw more weekly deposits from the remote deposit service than from its web-based mail deposit service that had been in place for seven years. The value of the deposits increased as well and after six weeks was almost double the mailed deposits.
-Mountain America Credit Union ($2.8 billion in assets) is adding mobile remote deposit capture capabilities to its mobile banking platform, enabling its 30,000 members that use mobile banking to deposit checks with a camera-equipped smart phone. The credit union has teamed with technology partner Bluepoint Solutions to launch the service (which uses Mitek character recognition software).
Bank Systems & Technology Associate Editor Matt Gunn and I will be blogging from the BAI show over the next three days.
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