Links in “Mobile Banking”

There’s no question that using biometric authentication for your mobile apps has a very high “cool” factor.  The bigger question though is does “cool“ translate to more secure?  A few credit unions that have embarked down this path are now sharing their experiences. [4/1/15]

Application Programming Interfaces (API), one of the hottest trends in mobile banking, allows companies to integrate their applications with other company’s applications. For example, Uber is using an API to allow customers to arrange for a ride by pressing a button within the Open Table app. See what CO-OP is working on for credit unions. [3/4/15]

The webinar is being held February 5^th and will cover topics like overdraft protection, payday lending, prepaid cards, mobile payments, and how you can prepare yourself for what lies ahead. [1/29/15]

IT spending in North American banks is expected to grow 4.5% to $62.2 billion in 2015. Funds are mostly directed to maintenance, with other portions set aside for self-service machines, mobile banking, and other services and devices. [1/29/15]

Employees, not the IT department, are leading financial institutions to the use of cloud apps, leading 2014 to be dubbed "the year of the user." [12/15/14]

Online banking malware threats fall 24% from previous quarter, while the number of mobile banking trojans tripled during the same period. [12/12/14]

A top FBI official told the Senate Banking Committee yesterday that mobile banking may be vulnerable because mobile devices may not be updated with security patches and may be subject to malware that is designed to specifically target mobile devices. He added that to date Android devices have been have been the prime target. [12/11/14]

The proposed rule on prepaid accounts just issued by the CFPB has been expanded from the 2012 proposed rule to include a wider range of accounts.  In addition to the use-anywhere prepaid cards, the proposed rule also covers such things as campus cards used for financial aid disbursements, some government-benefits cards, tax-refund cards, and prepaid cards that some companies use to pay employees. CFPB Director Richard Cordray added that prepaid accounts are more than just cards and include other types of accounts, such as PayPal, Google Wallet and possibly certain mobile payment plans. [11/14/14]

With mobile banking being the preferred method of banking by 10% of consumers, no wonder it has caught the attention of fraudsters. Here are 12 steps your consumers can take to protect the data on their mobile devices. [10/9/14]

In these perilous cybersecurity times, Lancaster Rose Credit Union's Matt Steffy gives 10 tips for personal online or mobile banking safety. [9/22/14]