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While security of the mobile channel isn’t yet a big public issue, bankers are preparing themselves for the day when it will be.
To get the most out of mobile banking, more robust alert technology is needed.
Roundtable participants say mobile banking is here to stay, but the revenue benefits for banks will await new payments applications.
Even as cell phone banking takes off, banks still face the question: How can we make money on this?
Making payments via cell phone is starting to emerge in the U.S. What role will banks play as wireless carriers and non-bank third party developers push the market forward?
For years a gas station novelty, contactless payment cards and tokens are quickly catching on as major issuers begin putting them in consumers' hands and driving merchant acceptance.