Mobile Banking revolutionizes the way we bank in today’s world. More than 25% of U.S. households use mobile banking via text messaging, mobile browsers and downloadable apps, according to a survey by a financial service technology firm.
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Almost 1/3 of potential new members are between the ages of 25 & 34. Mobile Banking, Remote Deposit Capture, e-Notices and e-Statements are critical components of the banking experience that members are looking for.
Information-based activities, such as checking balances are most popular, but as members become more comfortable with mobile banking, they are also conducting more transactions, such as transferring funds or paying bills.
Javelin Strategy and Research predicts that 86 million of us will use our mobile phones to conduct our banking activities.
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