Visa, Movida, ICICI Bank expand mobile banking services to make India cashless
"Visa Inc. and Monitise’s joint venture, Movida, has partnered with India’s largest bank ICICI Bank to expand its mobile payments service. The mobile payments company launched last December after partnering with India’s second largest bank, HDFC. With the addition of ICICI, Movida will be able to reach more Indian consumers."

The Future of Mobile Payments and Banking
"The role of traditional banks continues to change, and more rapidly than before. Where we once would have had to queue up in a bank on the high street to pay utility bills or withdraw cash to make payments, we can now complete almost all of our transactions online without ever needing to set foot in a branch. So the role of the bank as a venue or outlet has already changed and continues to evolve to ensure it remains a relevant customer channel."

ProfitStars Introduces iPay OneClick Consumer Online Bill Pay and Andiamo, a Fast, Cost Effective Way to Deploy Mobile Services Without Core Integration
"Jack Henry & Associates Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division today introduced iPay OneClickTM and AndiamoTM from iPay Solutions™."

Illinois bank will allow Diebold ATM withdrawals via mobile wallet
"An Illinois bank has rolled out a service that will enable customers to use their cellphones to withdraw cash from Diebold ATMs. Mobile Cash Access, from Wintrust Financial Corporation, will use the Paydiant and FIS mobile wallet solution."

Future Mobile Awards - Winners Announced for Mobile Commerce
"Companies at the forefront of new developments in Mobile Commerce have been honoured in this year’s Juniper Research Future Mobile Awards."

Ad Lab: Banking Billboards, Print Ads And Outdoor Galore
"Here are two more excellent examples further illustrating the powerful relationship between that can be forged between outdoor marketing messages and their environmental context. In the first example from Palmetto Bank, you have to look closely to realize that it is actually a branch entrance in disguise — visitors have to walk right through the bank’s mobile app (quite a metaphor, if you think about it)."

We're witnessing the fastest ever shift in banking
"This week we're celebrating 5 years of the Apple App store (see Wired's commentary.) The realization that in 5 years mobile and apps have had such a huge impact on banking, can not be understated. Of course, there were many in the financial services space that were massively skeptical of the iPhone and Apps when they first launched in 2007. My favorite quotes come from a January 14th, 2007 article on Bloomberg, that contain the following gems:"

Diebold working on cardless ATM project
"Smartphones could replace the plastic card when stopping at the automated teller machine. Diebold has begun fitting ATMs for Wintrust Financial Corp., based in Lake Forest, Ill., so customers can make cash withdrawals using a smartphone. The test project has Diebold working with Paydiant, a company that provides cloud-based mobile payment services for banks and merchants. Wintrust is working with Fidelity National Information Services on the pilot program."

Mobile Banking on the Rise
"Banking has gone mobile. With over half of all American adults, about 56%, sporting smart phones, banks and other financial management tools have quickly adapted their systems to be compatible, secure and easy to use on mobile devices. Many smart phone users have already made the change from traditional to mobile banking and according to Consultants at the Aite Group, the number of people banking on their phones will triple by the year 2016."

Banks struggle to keep up with mobile demand
"While banks all have a mobile banking app, their clients are still pushing for more and more mobile capabilities. So says Mary Monahan, executive vice president and research director for Javelin Strategy & Research, a California company that rates banks on their mobile offerings. She says that many tech-savvy customers still 'cannot open accounts via smartphone, make payments, or deposit checks by snapping photos of them.'"

Consumers Readily Adopt New Mobile Banking Tools
"As smartphone and tablet penetration continues to rise, so too does the use of mobile banking, bill paying, money transfer, remote check deposit and other personal money-management services, according to a new eMarketer report, “Bigger Money on the Small(er) Screen: How Smartphones and Tablets Change the Way Consumers Manage Their Finances.” On-the-go consumers are turning more frequently to their devices to keep tabs on their money and conduct increasingly complex financial transactions—simply because they can."

Diebold Aims to Merge Mobile Banking and ATMs
"As mobile banking and payments take off, self-service manufacturers will be increasingly challenged to weave mobility into their ATM and kiosk technology. Diebold (DBD) this week debuted a cloud service that aims to pre-stage and complete ATM transactions without cards. The new tech allows users to scan a Quick Response (QR) code on the ATM and enter an authentication code to initiate withdrawals and deposits. The smartphone is used as an authentication device, which Diebold says reduces security risk related to lost cards, stolen cards and skimming."

Breaking the Glass Ceiling of Mobile Banking Adoption
"Credit unions of every shape, size and type recognize the benefits that mobile banking offers – a lower cost to serve, increased member satisfaction, retention and a higher return on investment. But for many, breaking through the mobile banking adoption glass ceiling has been challenging. The mobile banking glass ceiling lies just beyond the threshold of early adopters, designated as the first 20% of a financial institution’s online banking user base. Many credit unions are on a mobile banking adoption path that attracts the early adopters within a year of offering the service, but the trajectory then stagnates to include just a small additional percentage of adopters over the next two years."

Mobile banking: 9 ways you must protect your account
"If you are among the millions of consumers who have embraced mobile banking, you could be putting your financial life at risk. Many consumers make careless errors with their phones that open the door to having con artists steal from their bank accounts, says Adam Levin, co-founder of Credit.com and IdentityTheft911."

Meriwest Adds Bill Pay to Mobile Offerings
"Meriwest Credit Union announced it has turned on bill pay inside its mobile banking app and, said community relations manager Greg Meyer, adoption has been brisk. Meriwest has promoted the new bill pay feature in an email blast to members. The technology was provided to Meriwest by Access Softek, said Meyer. That company claims some 175 mobile banking customers. Apps for iPhone and Android were released earlier by Meriwest. Meyer indicated that although mobile remote deposit capture is not presently featured, it will be made available to members imminently."

Mobile Banking
"Mukherjee was pacing furiously at the lounge of our building when I arrived after a long day. He generally waited for me there when he wanted to ask me something. He was an impatient man and I knew from experience that I did not have a choice. I will have to answer his questions before I was allowed to proceed to the elevator. Reluctantly, I asked him the reason for his anger. Mukherjee: I had to transfer money to my daughter studying in Delhi for her college fees. It was urgent. I went to the bank so that I could take out cash from my account and deposit it in her account."

Blackhawk Network To Offer Gift Cards Through mFoundry’s New Mobile Banking Platform
"Banks and credit unions now have an opportunity to generate a new source of top-line revenue by offering gift cards to their mobile banking customers through a relationship announced today between Blackhawk Network and mFoundry. Blackhawk Network, a leading provider of prepaid and financial payments products for consumers and businesses, has contracted with mFoundry, enabling Blackhawk to offer digital and physical gift cards from hundreds of brand name merchants to smartphone users through Fin.X from mFoundry."

Mobile banking vs. mobile payments - which is bigger?
"The other day, out of sheer curiosity, I Googled the words 'mobile payments.' The search turned up 'About 34,100,000 results.' Wow, I thought. Then I searched the same term in the Google News section. 'About 69,700 results.' Hmmm. Interesting."

Fortune Bank unveils mobile, remote banking services
"Community lender, Fortune Bank has unveiled a suite of mobile banking services, including Business Payment Manager, XPRESS Deposit and Mobile Banking, to boost customer access and convenience. The services are available for free of cost to existing and new customers through smartphones including iPhone, Android, or BlackBerry, the bank said."

Diebold adds RDC, P2P to mobile banking platform
"Diebold is increasing its presence in the growing mobile banking channel with the addition of two new features — remote deposit capture and person-to-person payments — to its MobiTransact mobile banking platform. The RDC application can also be added as a standalone feature to an FI's existing mobile banking app."

River City Credit Union in San Antonio Launches Bilingual Mobile App
"River City Federal Credit Union has announced its launch of a bilingual mobile banking app, rcitymobile, that is available in both the Apple Apps Store and Google’s Play store. The San Antonio credit union – with 15,000 members and 157ドル million in assets – developed its app in association with Catalyst Corporate and Austin, Texas-based apps developer Malauzai. In a press statement, Kim Heinze, CEO of River City FCU, said: 'The Spanish-language capability also allows us to enhance our service to the local Hispanic market, which is an important part of our growth strategy.'”

Dwolla Partners With mFoundry, Bringing Real-Time P2P Mobile Payment Capabilities To 800+ U.S. Banks
"Online and mobile digital cash network Dwolla is partnering with mobile banking and payments service provider mFoundry, the companies are announcing today at the BAI conference in Washington, D.C. This is Dwolla’s first publicly announced partnership with a financial service provider, and the deal opens its service up to mFoundry’s 800+ banks and credit unions using its cloud banking platform known as Fin.X."

Monitise reveals new record for mobile banking adoption
"Monitise has revealed a new record for the adoption ob mobile banking by Desert Schools Federal Credit Union. Monitise - a leading technology and services company that delivers mobile banking, payments and commerce networks worldwide - said DSFCU reached 30% mobile banking adoption in 90 days."

Mobile On/Off Switch for Debit Cards Now in Testing
"The security system, which one bank is testing, has the potential to make stolen card data less valuable, since a card would work for payments or cash withdrawals only when the legitimate customer permits it to. The technology, called card lock, is part of Diebold Inc.'s MobiTransact mobile banking platform.

Consumers would have the flexibility to keep a card switched off at almost all times – or to lock it only in high-risk situations, such as when it has been misplaced, says Thomas Swidarski, the company's chief executive. The system is another step towards truly mobile banking transactions, he says."

Fiserv launches consolidated mobile banking suite
"Fiserv Inc., a technology provider to financial institutions, introduced a new mobile banking, alerting and payments suite today. The new product suite is called Mobiliti. Fiserv said it streamlines and replaces its product offerings by combining its own Mobile Money product with the BankAnywhere product from M-Com, a company Fiserv acquired earlier this year. Fiserv said the new Mobiliti supports account access through SMS messaging, mobile browser (WAP) and applications for Android, iPhone and Blackberry smartphones."

AT&T, Verizon and T-Mobile invest 100ドル million in mobile wallet system
"Wallets are ever closer to becoming a thing of the past: AT&T, Verizon and T-Mobile are planning on investing over 100ドル million into a joint system that will let users pay for goods with their smartphones. With support from Visa, MasterCard, Discover and American Express, the venture should help bring mobile wallets into the American mainstream.

The carrier’s investment will help the venture, called Isis, pull in more funding from bank and retailers. They are trying to catch up to Google, which announced its own mobile payment service, called Google Wallet, in May."

Mobile Banking: Building Trust
"Innovation has inarguably made our lives richer and what it’s brought to the financial world is no exception. Mobile Banking is the next wave of innovation in Finance and it’s primed for wide-scale adoption; however it won’t gain mass appeal until trust has been built. The question becomes “how does one build a trustworthy Mobile Banking platform?” Throughout the entire history of banking, trust has been built by executing on two key principals:"

What the iPad Means to Mobile Banking
"Selling some 300,000 units upon its April 3 release, Apple's iPad could represent a new era of content consumption and interaction. And with more tablet PCs on the horizon, this new category of consumer electronics could affect mobile banking.
Geoff Knapp, vice president, online banking and consumer insights for Fiserv, a financial information management and service provider, believes the iPad in particular, with its iPhone-like operating system, iTunes App Store and 9.7 inch touch screen, could present an advantage in the future to banks willing to adopt the technology early and develop native apps. Early on, he believes banks will promote banking on the iPad through a mix of browser-based banking, already-existing iPhone apps and basic iPad-specific apps."

Scotiabank to Expand Mobile Banking, Funds in Canada (Update2)
"Bank of Nova Scotia plans to invest more money in mobile banking and in its automated teller network and will consider new fund products to expand the consumer- lending business. 'The opportunity, even though it’s a mature market, to grow our Canadian businesses is still quite significant,' said Christopher Hodgson, Scotiabank’s head of domestic banking.
Canada’s third-biggest bank posted record net income of C560ドル million (557ドル million) at the unit in the fiscal first quarter, a 28 percent increase from a year earlier. Chief Executive Officer Richard Waugh said the firm can do better."

10 years of mobile banking - what's changed?
"Is it just me, or does mobile banking seem to perpetually be the next big thing? Maybe it's because I remember how underwhelmed I was by the first generation of WAP browsers on mobile phones when trying to access my bank account in 2000, but over the past decade I can count on one hand the number of times I've done 'mobile banking' on my phone, other than speak to a call centre operative."

Data reveals truths about Gen Y’s financial habits
"Fiserv, one of the world’s biggest information management companies in the financial industry, released the results of a study looking into the financial habits and influences of Gen Y. The survey, conducted in July 2009, involved 3,271 Internet-connected households. The study’s most surprising finding? That the level of hype regarding the importance of online communities in Gen Y’s financial lives doesn’t match its actual influence."

Monitise Achieves Two Million Customers
"Monitise Americas, the leading mobile banking and payments provider, has announced its parent company, Monitise, has achieved over 2 million registered users for its services in the UK and the US, driven by increased uptake of its smartphone apps. Monitise provides its secure Mobile Money Manager platform to over 240 banks and financial institutions in the US and UK, with 100 million transactions processed by the platform every year."

Mass.-Based StonehamBank Taps FIS to Launch Mobile Banking
"Stoneham, Mass.-based StonehamBank announced April 6 the launch of its mobile banking and payment services, developed in partnership with technology provider, FIS. A 115-year-old community bank with three Massachusetts locations, StonehamBank's leadership said the new technology was about customer access."

Diebold Deploys Mobile Banking Platform MobiTransact At Alpine Bank
"Diebold, a provider of integrated self-service delivery and security systems and services, has deployed mobile banking platform MobiTransact at Colorado-based Alpine Bank. MobiTransact provides both text and browser support to a variety of mobile devices. With MobiTransact, Alpine Bank can provide its customers immediate access to their accounts, anywhere at any time, without requiring an online banking account."

Mobile Money Canada 2010, Canada’s Only Mobile Financial Services Conference, Will Take Place On September 21st, 2010
"Mobile Money Canada 2010 will bring together over 200 senior executives, thought leaders, and mobile financial practitioners from Canadian banks, mobile operators, financial service providers, and technology solution providers, and consultancies to discuss, debate, and network."

Next Step for Microfinance: Taking Deposits
"Some 30 years ago, the field of microfinance was born from a radical concept: poor people, when lent small amounts of money, will pay it back in a timely manner. In the meantime, that money can be put to use in ways that help boost income — goat-farming, say, or carpet-weaving — and, ostensibly, raise a family's standard of living. Now another radical concept is starting to take hold: that the thing people really need, more than business loans, is a safe place to save their money. It's what development expert Robert Vogel calls the 'forgotten half of rural finance.'"

Make mobile banking secure with remote handset block, says minister
"As Nokia confirms plans to enter the mobile banking market using technology it acquired with the recent purchase of Obopay, fears have arisen that stolen handsets could enable criminals to access users' bank accounts. In an attempt to reassure consumers, the UK government has issued guidelines detailing how the handset should be disabled when reported lost or stolen.

In association with the mobile payment industry, the government is calling for the SIM card to be blocked to stop mobile banking access, as well as immobilising the contactless payment function for transactions over €12. If a large number of smaller payments are noted in quick succession, these will also require verification, according to the guidelines."

Diebold's Mobile Banking Plans for the U.S.
"Companies such as Nokia have been cashing in on mobile banking in emerging markets including India, Brazil, and South Africa. The success is in part due to the large number of people in these areas who have mobile phones but do not yet have access to land lines and Internet. Will well-wired American consumers have the same demand for this service? Diebold believes there is potential."

More CUs Plan Mobile Banking Adoption but Proceeding With Caution
"Credit unions are taking a step out of the dark ages and increasingly looking to adopt new technological services, like mobile banking, according to data from Callahan & Associates.

WAP/mobile browser service appears to be the most popular approach to offering mobile banking. In “Callahan’s Technology Guide,” 26% of credit unions surveyed said that they anticipate adopting WAP/mobile browsing in 2009 and 43% said they anticipate adopting it in 2010. This compares to 23% that planned to adopt SMS/text message in 2009 and 39% in 2010. Fifteen percent said they are adopting a downloadable program in 2009 and 30% said they plan to in 2010."

UCI Institute for Money, Technology & Financial Inclusion awards inaugural grants
"UC Irvine's newly established Institute for Money, Technology and Financial Inclusion (IMTFI) has awarded its first group of annual grants totaling 230,000ドル for research projects aimed at understanding how the world's poorest people spend, store and save money. "

PayPal Passcode Sent by Text Message
"PayPal Inc. announced the introduction Monday of PayPal SMS Security Key, which transmits a passcode to customers' mobile phones using the short message service for text when they log on to the payment service's Web site."

Are You Ready for Mobile Banking (Again)?
"Mobile banking can be viewed as a hook for customer acquisition, but takedown shouldn't be relied on for customer retention. This tool of convenience can complement an institution's existing offerings, but before joining the mobile banking bandwagon, evaluate whether it's right for your processes, personnel and customers."

Regions Mobile Banking Service Available for US Users
"Regions Financial Corporation has announced the Regions Mobile Banking, which can be accessed by wireless customers of AT&T, Verizon Wireless, Cellular South and Alltel Wireless."

ClairMail Hits 12 Transactions per Month Milestone
ClairMail, a vendor of mobile phone-based customer interaction products, reportedly has announced that its so-called “ClairMail System” has reached “millions of monthly mobile banking transactions” and increased growth, with more than 12 mobile banking transactions conducted every month per consumer."

ClairMail Chosen by PNC to Enhance Mobile Banking Services
"ClairMail, Inc., the leader in 2-way mobile phone-based customer interaction, today announced that PNC Financial Services Group, Inc. expanded its mobile banking services by integrating ClairMail's comprehensive mobile banking solution."

Sybase CEO sees mobile commerce as future
"John Chen, chairman, CEO and president of Sybase, has led a dramatic turnaround for the Dublin company by focusing it on infrastructure software that helps companies go mobile. Now a leader in mobile middleware, device management, messaging and mobile databases, Sybase topped 1ドル billion in revenue last year and is on pace for a record 2008."

Jack Henry & Associates Announces 103rd Mobile Banking Customer
"Jack Henry & Associates, Inc., a leading provider of integrated technology solutions and data processing services for financial institutions, today announced goDough, its state-of-the-art mobile banking solution, has been adopted by 103 of its core financial institution clients."

Diebold offers mobile banking through strategic alliance with ClairMail
"Diebold, a provider of self-service delivery and security systems and services, has announced that it is providing ClairMail's two-way mobile platform, as an integral part of its total outsourcing strategy, through a strategic alliance with ClairMail."

Mobile Finance: Indigenous, Ingenious or Both?
"In Ghana, it's popularly known as susu. In Cameroon, tontines or chilembe. And in South Africa, stokfel. Today, you'd most likely call it plain-old microfinance, the nearest term we have for it. Age-old indigenous credit schemes have run perfectly well without much outside intervention for generations. Although, in our excitement to implement new technologies and solutions, we sometimes fail to recognize them. Innovations such as mobile banking -- great as they may be -- are hailed as revolutionary without much consideration for what may have come before or who the original innovators may have been."

Txt Me: SMS Gains Mobile Bank Traction
"Most mobile banking services use browsers and specialized software available for high-end phones, but several financial companies are turning their attention to the basic text message. Advocates of texting say that this simple format can help banks reach almost any customer with a mobile phone, and that their immediacy makes texts well suited for alerts that can prompt a quick response."