Security concerns about mobile banking has apparently been part of the reason for the slowing of growth in the channel. Fortunately, some very smart people are working on solutions that will help ease those fears.
Apple will be releasing facial recognition technology in their iOS 5 update. This means that mobile banking apps for Apple products will be able to implement a new layer of security. I can imagine that developers will jump all over this feature. One can only hope that vendors will be aggressive with implementing this also.
You can read more about the update over on ReadWriteWeb.
Apple recently released their third quarter earnings and the iPhone and iPad combined for 68% of all of Apple’s revenue. The iPhone actually makes up 46.6% of the total revenue, which breaks down to over 20 million units and $13 billion.
In case you’ve been sitting on the fence about implementing that mobile strategy, it’s time to go all in. Android device sales have been keeping pace with Apple devices. In the near future, more people will access the web from their mobile device than their computer. You can bet they’ll be looking for that cool mobile banking app also.
Well, it’s official. The iPhone will now be available on the Verizon network. This is something that I and a lot of others have been eagerly awaiting. I think that ultimate mobile banking app just became a necessity for banks and credit unions.
Pre-ordering for existing customers will be available on Feb 3rd and everyone else on Feb. 10th. $199 for the 16GB, $299 for 32GB, mobile hotspot included with up to five devices.