Survey shows mobile banking up 50% in U.S. and 35% of banks’ market share up for grabs by 2020
LAS VEGAS—Last year, 1,500 attended the first Money2020 innovation in payments conference. This year, 4,000 stuffed into the Aria Hotel’s meeting rooms Oct. 6-10.
Disruption in how things have always been done was theme of early October payments confab in Las Vegas.
During a recent evaluation of a group of banks on customer effort levels required to interact in areas like branch banking, mobile websites, customer assistance and online banking, the results showed that the 45 to 65 age group, the most frequent bankers exerted the most effort to bank online.
LAS VEGAS — The moderator of a Money2020 panel consisting of mobile-oriented banking startups asked them a blunt question: Is branch banking dead?
PHOENIX — Too many fees, too little trust. That’s how a large segment of consumers see traditional financial institutions, said Lewis Goodwin, CEO of Provo, Utah’s Green Dot Bank, a subsidiary of Green Dot, the prepaid card company.
PHOENIX — Too many fees, too little trust. That’s how a large segment of consumers see traditional financial institutions, BAI panelist says.
Occupy movement activists in San Francisco first announced plans for People’s Reserve Credit Union, an in-the-works cooperative designed to serve local communities and take a stand against the city’s for-profit banks, in November 2011. The project is now well under way, with board and advisory committee meetings taking place and...
Half in survey say they would do all banking online if they could.