The plunge into mobile banking is quickening – adoption, said the experts, is occurring much faster than happened with online banking, which took 10+ years to become entrenched in our lives.
Mobile is doing it twice as fast, and the data points keep exploding. A for instance: Bank of America just put out a press release celebrating its 10 millionth mobile banking customer (active users have grown by 3 million in just the past year). The release quoted a B of A executive saying the institution now sees more than $1 billion in mobile transactions every week.
Mobile is becoming the globe's dominant form of Internet access – by 2015 more people in the U.S. will access the Internet via mobile devices than any other way, said researchers at IDC in a report a few months ago, and if anything that day may come sooner.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
