Latest Feature in Mobile Banking: Smartphone Cameras

Banking is top of mind for smart device owners who are increasingly using mobile to accomplish the daily to-do list. Among a list of tasks performance marketing company Performics provided US smartphone and tablet users in October, the No. 1 activity people said they expected to be able to do on their mobile device was banking.

Banks are responding to this expectation by moving their mobile offerings beyond basic features. National banks have begun offering mobile remote check deposit, which allows customers to deposit checks using their smartphone cameras. Wells Fargo, for instance, has extended its mobile remote deposit app to the entirety of the US. <<READ MORE>>