Links in “Mobile Banking”
- NCUA Exams in 2014 to Focus on Cybersecurity
NCUA has announced that examiners will be assessing credit unionâs ability to mitigate cybersecurity threats and to effectively respond to attacks. The Agency states that as credit unions have increased their use of online and mobile banking they have increased their risk for begin targets of cybercrimes. [5/13]
- FDIC to Hold Discussion on Expanding Consumer Banking Access
The open-session webcast for the FDIC Advisory Committee on Economic Inclusion (ComE-IN) will be held on Thursday, April 24, 2014 and will include key topics of safe accounts, mobile financial services, financial education opportunities, and consumer demand for small dollar loans. [4/23]
- Cybersecurity: What U.S. Lenders Can Learn from their Middle East Counterparts
The Middle East has been a hotbed of cyber attacks for some time. Recently several Middle East banks were hit by a malicious botnet disguised as a banking app. Here are some things U.S. banks can learn from these attacks. [4/22]
- Data Security Responsibility: OS Manufacturers, App Developers or Consumers
When it comes to mobile data security, each party has a role, but not equally. [4/21]
- Mobile Payments Increase by 40%
In the past year alone, $507 billion dollars in payments were made through mobile devices, an increase of 40% over the previous year. Mobile ticketing apps appear to be the primary driver for the sharp increase. [4/17]
- Threat: Rogue Mobile Apps That Deliver Malware
Thousands of app stores globally, many of them unregulated, lead to mobile malware that can be delivered through rogue apps that imply they're linked to a bank. [4/17]
- Most Common Form of RDC Fraud: Duplicate Presentment
As remote deposit capture grows in popularity among consumers, not just businesses, the most common form of RDC fraud is "duplicate presentment," where the check is deposited via mobile device, then the paper check is deposited in a different bank as well. [4/8]
- Small Businesses Taking Up Remote Deposit Capture
Product usage among small businesses is moving beyond early adopters. [4/3]
- Is Apple Planning to Steal Your Mobile Users?
According to industry sources, Apple executives have met with the major retailers and others about playing a larger role in mobile payments. While a financial institution may still the ultimate funding source, experts predict that an enhanced Apple footprint in the mobile payment market could result in brand erosion for credit unions and banks. [2/7]
- Next Frontier in Security War: Mobile Commerce Fraud
Study finds more retailers accepting mobile payments, but rely on fewer fraud solutions in that channel. [2/5]
