Community Banks Adopting Mobile Payments
Credit unions’ competition is not standing idle when it comes to mobile banking services. A new report from the Independent Community Bankers of America found that 37% of those institutions now offer mobile payments, up 23% in the past two years.
Another 43% intend to offer the service by 2015, according to the ICBA’s Community Bank Payment Survey released this week.
Fifty-four percent of banks of more than $501 million in assets now offer mobile payments, the ICBA said, while those with $251 million to $500 million in assets include 46% offering that service among their ranks.