Customers Demanding Enhanced Mobile Banking Apps

It is more important than ever to deliver a significantly better digital banking experience than is delivered today. Customers want an experience that is fast, easy and secure. More importantly, they want control of their finances at their fingertips.

Find out more from The Financial Brand. Click HERE.

Consumers’ Preferred Method of Depositing Checks

PaymentsJournal explores consumers' preferred methods of depositing $50 and $1,000 checks, ranked by the size of the deposit.

What are the most important Mobile Banking features?

More than three-quarters of Americans who have a smartphone are now mobile banking users.

Mobile banking adoption is now very common among Gen Zers and Millennials (ages 21 to 40) with 88% of each of the two generations accessing their bank accounts using a mobile device.

The adoption rate dips slightly to 78% among Gen Xers (41 to 55 years old), and then drops to 57% of Baby Boomers and 41% of smartphone-owning Seniors.

So, with Mobile Banking's huge and growing popularity what features are folk using?

Well—an overwhelming majority of mobile banking users use the app to check their account balances. Nearly two-thirds transfer money between accounts and pay bills, and roughly four in 10 deposit checks, send money to other people, and view their statements.

Find out more in Ron Shevlin's "The 12 Most Important Mobile Banking Features (And Why No Bank Can Have Them All)" HERE

 

How Banks Create Money and the Money Multiplier

Money does not grow on trees, but it does grow in banks. Watch Jacob Clifford explain how banks create money and how to use the money multiplier. You can visit his website at www.ACDCecon.com or watch the unit playlist videos.

Capital One 360 Offers Remote Check Deposit via Simple File Upload (no smartphone required)

“Since last April, Capital One 360 (formerly ING Direct), has allowed customers to make deposit via the mobile phone app, and (drum roll), via file upload.”

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