Security and Ease of Use Are Top Priorities for Mobile Banking App Users

Security and Ease of Use Are Top Priorities for Mobile Banking App Users

June 13, 2017         Written By Bill Hardekopf

Today, J.D. Power released the results for their 2017 U.S. Banking App and U.S. Credit Card App Satisfaction Studies. The survey found that ease of use was the biggest factor for consumer satisfaction among credit card and mobile banking app users.

What makes a mobile banking app “easy to use”? A great deal of that has to do with the login process. Apps with fingerprint identity verification are easier to use than those that require a PIN or password. Users also prefer apps that give them quick access to their account information, such as the current balance and recent transaction history.

Data security is also a component in consumer satisfaction. Only 44% of bank customers and 46% of credit card customers believe their information is “very secure” on mobile apps. Currently, 31% of retail bank accountholders and 17% of credit cardholders use the apps available through their financial institution.

The J.D. Power study also asked consumers to rank their credit card or mobile banking apps on a 1,000 point satisfaction scale. Capital One had the highest rating for banking apps (870 points), while Discover had the highest rating for credit card apps (895 points). USAA ranked better at the top of both studies (910 for banking, 895 for credit cards), but it could not be considered an official part of the study because of the bank’s strict membership eligibility requirements.



The information contained within this article was accurate as of June 13, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


bill-hardekopf

About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back TWICE. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time