Three more billion-dollar credit unions have committed to the DeposZip Mobile remote deposit capture solution offered by Vertifi Software LLC.
Mobile banking has created new opportunities for consumers and criminals alike, and some of the greatest vulnerabilities stem from the same factors that make banking by cell phone so attractive, industry observers and participants say.
While an estimated 90% of U.S. consumers use mobile phones, far fewer use them for banking. In fact, a Gartner report released in June said that out of the group studied, only 15% had used mobile banking in the past month.
OnPoint Community Credit Union said it has seen use of its new mobile banking platform grow by an average 33% each month since its launch earlier this year.
Oregon's largest credit union said its mobile banking transaction volume has expanded by about a third each month in the six months since it launched a new multi-mode platform.
Nassau Educators Federal Credit Union said it will be the only Long Island credit union to offer mobile banking's "triple play" when the service launches on April 5.
About 50 credit unions are now using CO-OP Financial Services' new multi-mode mobile banking platform after the recent completion of its official launch.
A small suburban Cleveland credit union has enhanced the mobile banking service it launched last fall.
Eaton Family Credit Union of Euclid, Ohio, has expanded its mobile banking offering to include the ability to handle more kinds of phones and ways to use them.
Members of the $1.4 billion Nassau Educators Federal Credit Union will be able to use any of the three channels of mobile banking delivery when the credit union launches its "triple play" service on April 5.