As smartphone popularity grows – and not just across Gen Y, but all generations – some experts say so does the demand for mobile banking functionality.
According to Callahan & Associates Inc., 34% of adults in the U.S. own a smartphone, and industry specialists agree mobile banking services have become critical to a financial institution's success.
While credit unions still fall behind the largest banks in mobile banking service offerings, the majority of credit unions are placing a high priority on smartphone applications, mobile Web banking and text banking, according to Aite Group Research Director Christine Barry. Advanced capabilities such as peer-to-peer and remote deposit capture are on the horizon.
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:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 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.