Consumers Demand Mobile Banking Apps When Opening New Checking Account

According to a new study of consumer banking behavior, 56% of bank customers look for mobile banking apps when creating a new checking account. Millennials are more likely to seek out mobile banking solutions than older consumers, but the demand … Continue reading

Password-Free Mobile Banking Now Possible with EyePrint ID

Consumers are very concerned about security when it comes to mobile banking, and a new technology allowing users to log into their accounts with just their eyes could lessen those concerns. Mobile banking firm Digital Insight has partnered with EyeVerify … Continue reading

Mobile Payments Quickly Changing the Transaction Industry

Mobile payments are no longer just a trendy way to make a payment. They are quickly becoming the major force in the transaction industry. According to a report from Business Insider, mobile payment volume in the United States is projected … Continue reading

New Facial Recognition App Could Replace Passwords

A new app developed for the selfie generation may end up becoming your most secure login information. Hoyos Labs has developed an application to address security concerns that uses biometric technology, so users can bypass usernames and passwords just by … Continue reading

Mobile Deposits Creating New Fraud Concerns for Banks

As mobile banking becomes more prevalent, new concerns have emerged for banks that accept check deposits through smartphones. These financial institutions are looking for ways to prevent consumers from depositing or cashing checks at more than one bank. While the "double-dipping" … Continue reading

CFPB Requests Information on Mobile Financial Services

The Consumer Financial Protection Bureau is inquiring about mobile financial services in an effort to create better security on mobile banking platforms and to reach out to unbanked consumers. According to the CFPB, 74,000 customers a day used mobile banking … Continue reading

LowCards.com Weekly Credit Card Update–December 13, 2013

Mobile Banks Gaining Popularity with Young Consumers The new alternative banks work with traditional banks to hold deposits, so the money in your account is FDIC-insured. GoBank is the mobile banking arm of the Green Dot Corporation, which holds the … Continue reading

Mobile Banking Likely to Cost Consumers

More Americans are turning to mobile banking because it is fast, convenient and free. You can manage your accounts directly from your smartphone, whether it be deposits or transfers. What would happen if you suddenly had to pay for this … Continue reading

Mobile Banking Streamlines Money Sharing

Ever go to split a bill at a restaurant, only to be frustrated by someone having to write a check to you? Checks are a bit antiquated, but most people don't have credit card processors hanging around in their wallets. If that scene … Continue reading

LowCards.com Weekly Credit Card Update–September 27, 2013

Google Wallet Arrives on iPhone Google introduced the Wallet app to the iPhone, a move which will hasten the replacement of cash and credit cards. The iOS app will allow users to store gift and loyalty cards and send cash … Continue reading

Western Union Goes Mobile with U.S. Bank

Western Union, one of the largest money wiring networks in the world, recently announced that it would be partnering with U.S. Bank to offer mobile banking. U.S. Bank customers will be allowed to send money to other people directly through the … Continue reading

Mobile Banking Continues to Increase

More consumers are turning to their phones to take care of their banking needs according to the latest data from the Federal Reserve. The study, entitled Consumers and Mobile Financial Services and done in late November, showed that 28% of mobile … Continue reading

LowCards.com Weekly Credit Card Update – February 1, 2013

Secrets of Mobile Success: Cost-Cutting Banks Seek Smartphone Customers Strapped for new revenue and pressed into waves of cost cuts, the country's largest banks are trying to keep the customers they have, woo the ones they don't and do it … Continue reading

Capital One Promotes Mobile Banking Through Cell Phones for Soldiers

Mobile banking is growing rapidly and one bank is promoting its mobile business through a tie-in with Cell Phones for Soldiers. Capital One said last week it will donate one minute of cell phone usage the first time any customer … Continue reading

LowCards.com Weekly Credit Card Update December 14

Bank of America’s Plan to Drive Mobile Banking Beyond 12 Million Users As part of a drive to sign up more people for mobile banking, Bank of America is outfitting its teller stations with quick response (QR) codes that can … Continue reading