Tag: mobile banking security

Smaller banks and credit unions face broadening mobile banking gap

L. Green
Mobile Banking Industry

The most recent report issued by Javelin Strategy & Research has identified a broadening gap between the adoption rates of mobile banking at smaller banks and credit unions, and that experienced by much larger banks and financial institutions. The data from the research firm showed that among regional and community banks, only 21 percent of consumers are adopting mobile banking. Similarly, only 15 percent of consumers are using mobile banking at credit unions. Comparatively, 37 percent of the customers of very large financial institutions are adopting the behavior. Banking using…

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Oracle unveils its multi-channel solution called FLEXCUBE for financial services industry

Sam Lambert
Mobile trends

Oracle Financial Services has announced the introduction of its FLEXCUBE multi-channel banking solutions which will help financial services organizations to provide their customers with increased personalization to their services through mobile and direct channels. The product is called the Oracle FLEXCUBE Multi-Channel Solution, and it provides new versions of previous product for direct and private banking. This will give banks the ability to offer products and services such as those based on complete portfolio views, over a multitude of different direct channels, including mobile. Through the use of this solution,…

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Google Wallet security compromised with the use of simple brute force programs

Stephen Vagus
Google Wallet

Google’s ambitious endeavor to become a major force in the emerging industry of mobile commerce has been going well. The company’s Google Wallet mobile payment application has been well received amongst consumers with NFC-enabled smart phones. There may be a problem, however, with the security of Google’s system. The acclaimed technology company has been adamant in their claims that NFC transactions with Google Wallet are entirely safe, as the application boasts of a number of high-end security features. It seems that Google did not account for hackers using brute force…

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Worries over privacy and security in mobile

Jennifer Goula
Mobile Commerce

Throughout this year, there will be a great deal of movement toward enforcement in the privacy and security areas of mobile, as many concerns have already been identified regarding the use of mobile apps, discount coupons, and payments. Mobile commerce is seeing an explosive growth, which does indicate that people are starting to become more comfortable with the concept of using their mobile devices to make payments for purchases. That said, there is still a certain degree of worry in the mobile sphere regarding the security of using smartphones for…

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YouGove survey shows public wifi-using mobile shoppers at security risk

John Montgallo
Mobile Commerce

Mobile commerce is continuing its rapid growth rate, and a notable part of that increase is due to access to public wifi. However, the results of a recent study from YouGov and UK2 has shown that more than half of the users of public wifi in the United Kingdom are placing their personal information at risk by using their mobile devices over these unsecured networks. The survey showed that 56 percent of adults in the United Kingdom who have ever used public wifi rarely check on whether or not that…

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