Links in “Mobile Banking”

Test of 275 banking apps from 150 financial institutions finds 8 in 10 improperly configured and not using best practices software development. [12/19]

NCR recently purchased Digital Insight, an online banking provider to banks and over 300 credit unions. According to NCR, this purchase could enable credit unions that use the NCR software to run their mobile banking, online banking and ATMs to use the ATMs to send funds to other people who are not credit union members. [12/5]

37% of community banks offer mobile payments, up from 23% in 2011, the last time the study was taken. [11/13]

Members of the House Judiciary Committee heard testimony yesterday about a credit union that was served with a demand letter for patent infringement for technology it was using with features on its online banking service. Other credit unions have had similar and very costly experiences. [10/30]

How banks are fighting against scammers who seek to deposit a single check multiple times at different institutions without throttling customer convenience. [7/16]

Not all of the 68 million underbanked have low income and poor credit; many are quickly adopting mobile-based financial services. [7/9]

A risk that is unique to the remote deposit capture service (RDC): individuals can deposit items twice, first through the RDC route, then a second time over the counter. [6/17]

Offering online account opening can attract the Gen-Y’ers, who are apt to use the web to research a financial product; making that process compliant requires forethought. [6/17]

Survey covering CUs, banks, investment and lending companies and other institutions shows that CU members are the most satisfied with their online and mobile banking services; highly satisfied users are 75% more likely to use more of their financial institution’s products and services. [6/5]