In the span of just 12 months, a revolution in financialtransactions has occurred. Mobile banking has shifted from nice tohave to must have at credit unions across the country as a stampedeof institutions have embraced the idea that members demand theconvenience of banking from the palm of their hands.
“About 3,000 of some 14,000 banks and credit unions in thecountry now offer mobile banking,” said Drew Sievers, CEO of mobilebanking apps developer mFoundry. “We sell mobile banking to a newfinancial institution every 26 hours.”
At Fiserv, Kelly Rodriguez, director of strategy, sees similarpenetration, “About 30% of credit unions now offer some form ofmobile banking.”
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