Advice for those banking institutions still weighing whether to get into the mobile game: Do it. Now.
There are new customers and deposits to gain via mobile, say industry observers. And an added bonus: Mobile customers can prove more profitable than traditional bank customers. These are just two of the trends...
How strongly do consumers embrace electronic bill payments, and do they really want mobile banking as much as industry analysts say they do?
These were the questions on Dennis Simmons' mind when his trade organization, SWACHA, the electronics payments resource, launched a recent survey on consumer usage of...
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution has faced;
Advice for other institutions now getting into mobile banking.
According to the 2009 Banking Information Security Today survey, banking institutions - despite the economy - are investing in new banking services, i.e. mobile banking and remote capture.
To gain further insight into spending trends, we spoke with Christine Barry, research director with Aite Group, on:
Mobile...
Doug Brown Discusses Mobile Strategy, New Products, Biometric Security
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution...
According to the 2009 Banking Information Security Today survey, banking institutions - despite the economy - are investing in new banking services, i.e. mobile banking and remote capture.
To gain further insight into spending trends, we spoke with Christine Barry, research director with Aite Group, on:
Mobile...
For the second time in four months, the Commonwealth of Massachusetts has pushed back the implementation of its new data protection law - one of the toughest in the nation.
Yet even with the new deadline of January 2010, many of the businesses impacted by these stringent data protection requirements won't be...
The number of identity fraud victims has increased 22 percent in the U.S., costing 9.9 million victims a total of $48 billion in 2008.
This is the news from the fifth annual Identity Fraud Survey Report from Javelin Strategy & Research. In an exclusive interview, James Van Dyke, Javelin founder and President,...
Reported data breaches increased by nearly half in 2008, and 12 percent of the total hacks were at financial institutions - up from 7 percent in 2007.
This is the news from the Identity Theft Resource Center's (ITRC) 2008 breach report, which shows that 2008's 656 reported breaches were up 47 percent over 2007's...
Looking ahead to 2009, banking/security guru Steve Katz quotes the ancient proverb: "May you live in interesting times."
With a new administration, new banking landscape and regulatory changes expected, we live in interesting times, indeed.
What better time to be discussing identity theft?
It's Cyber Monday today - the day designated as the official start of the online holiday shopping season - and if we've learned anything in recent weeks, it's that tough economic times heighten the risk of crimes such as identity theft. So, now is a great time to...
The annual BAI Retail Delivery Conference & Expo was held in Orlando, Fl in late November, focusing on innovative strategies and technologies.
Nick Burke, Director of Sales for Information Security Media Group (ISMG), publisher of BankInfoSecurity.com and CUinfoSecurity.com, attended the event, meeting with many of...
At a time when resources are tight and risks are abundant, many banking institutions are going mobile.
This is one of the findings of the recent Banking Confidence Survey, wherein 41% of respondents say their immediate business objectives include investment in new and enhanced services such as mobile banking. Their...
The crime of deception is now even more deceptive.
Multi-channel fraud - schemes that are launched simultaneously via telephone, Internet, in person and via mail - is a growing concern for financial institutions. And the linked crimes aren't always easy to spot.
In this exclusive interview, security expert Diana...
Despite economic setbacks this year, data security remains top-of-mind for the majority of community bankers.
Results from the 2008 Independent Community Bankers of America's (ICBA) Community Bank Technology Survey reveal that more than 80 percent of respondents are "vigorously maintaining data security" as their top...
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