Will The Power of Mobile Make Bank Branches Disappear?

“A recent report from Bain & Company entitled, 'Customer Loyalty in Retail Banking' found that mobile banking is more likely to increase a customer's likelihood of recommending the bank than any other channel interaction and that features such as remote deposit and even the ability to check a balance impact loyalty. The research also found that once customers moved to mobile, roughly half stated they made fewer visits to the branch which can lower costs.”
read more>>

South Africa: Nedbank mobile payment device will help SMEs

“Nedbank has launched a cellphone-based point-of-sale device enabling small to medium-size enterprises (SMEs) to transact more safely with their clients, while cutting down on transaction costs.

Nedbank PocketPOS operates through a smartphone connected to a secure card reader, which allows smaller businesses to make debit and credit card transactions anywhere.”
read more>>

2 New Malware Threats Identified

“The sophistication of two newly identified malware strains reveals just how stealthy these attacks are becoming. And security experts who discovered these strains say detection is proving increasingly challenging.

Researchers at Trusteer in early January discovered a new malware variant that compromises online browsing sessions by injecting fake Web pages. So far, one leading bank and a handful of non-financial websites have been affected, and Trusteer expects the Trojan to spread.”
read more>>

What we are reading … 14th February 2013

Managing Bank Liquidity in Real Time http://dld.bz/aKbrt

Banks' internal auditors 'should be tougher' http://dld.bz/cgBrP

The Mobile Revolution: Remote Deposit Capture http://dld.bz/cg378

Moven is removin' 'bank' from its moniker http://dld.bz/cg33s

The EU Directive on Late Payments http://shar.es/YjY0t

South African Nedbank offers EMV mobile POS http://dld.bz/cg3vz

Apple's iPhone Update Brings It No Closer to Payments

“When mobile payments finally make their debut on the iPhone, no one will be surprised.

Apple has been notoriously slow at venturing into transactions. The latest iteration of its mobile operating system, iOS6, is a testament to the crawl.

This past fall, iPhone users who updated their devices got a look at Apple's de facto mobile wallet, Passbook, which now holds multiple loyalty cards and coupons and tickets that are redeemable at the counter with a barcode displayed on the device's screen.”

read more>>

How to Use Windows 8 for Mobile Banking

Windows 8, which was released in October 2012, gets star treatment in this video from Avanade Inc., a subsidiary of Dublin, Ireland-based Accenture. The video shows how Windows 8 can work for mobile banking. 

What we are reading … 13th February 2013

Australia's ME Bank introduces mini workplace branches http://www.finextra.com/News/FullStory.aspx?newsitemid=24528
SEPA is arriving at the station http://www.finextra.com/Community/FullBlog.aspx?blogid=7365

BYOD: Risks, rewards, and how to deal with it http://dld.bz/cgjq8

New EU derivatives rules to come into force in mid-March http://dld.bz/cgjq6

10 BYOD concerns that go beyond security issues http://dld.bz/cgjq4

Could Your Banking Website Be The Target Of A Lawsuit? http://bit.ly/11SScmt

EU Unveils New Cybersecurity Policy http://dld.bz/cgjq2