More and more consumers are turning to their smartphones for their banking needs. The CACI reported that 22 million people chose to use mobile banking apps to manage their accounts via their smartphone in 2017. It’s forecasted that by next year (2019), more consumers will choose their phone for banking than their computers. 35 million people are expected to bank via a smartphone app by 2023. In addition to this CACI report prediction, it was said that by 2023, consumers would likely visit a bank branch only twice per year.…
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1 in 5 mobile banking customers use QR codes
In Poland, 20 percent of consumers have been scanning quick response codes through the mBank service. The findings from a new Marketing Mobilny w Polsce 2013-2014 report has revealed that almost 20 percent of Polish people between the ages of 16 and 40 years are using QR codes as a part of their mobile banking habits. The survey was conducted with the participation of 302 smartphone users who reside in Poland. The mBank service was recently introduced in Poland and has become quite popular. It is based on the use…
Read MoreMobile banking app adoption rates revealed in new study
The research was conducted by TSYS and was recently released in a report called the “2015 U.S. Consumer Payment Choice Study”. The outcomes of the 2015 U.S. Consumer Payment Choice Study by TSYS have now been released and have provided notable insight into the use and adoption rates of mobile banking apps by consumers. The survey involved the participation of more than 1,000 customers in order to identify those trends. It revealed that the use of mobile banking apps is growing and that among those who have already adopted these…
Read MoreQR codes authenticate online banking transactions at Rabobank
These quick response codes will now be used to boost the data and mobile security it provides. Rabobank has announced that it is enhancing the security that it provides for its online banking experience trough the implementation of Vasco Data Security technology, which uses high definition QR codes for authentication of customers that use their web based services. Central to this effort is the Rabo Scanner, which uses a color display and embedded camera. That device is used for capturing the QR codes that are displayed on the computer screen,…
Read MoreMobile payments from banks trusted by UK consumers
A recent survey has shown that British smartphone users prefer paying with their bank’s services. Although consumers in the United Kingdom have always had a form of love/hate relationship with their banks, the results of a recent survey have shown that these are still the institutions that smartphone users in that country like the most in terms of mobile payments services. They may not be thrilled with their banks, but they do trust them in terms of the security of their services. The mobile payments survey was conducted by U.K.-based…
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