mobile banking

Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.).

Revolut Extends Accounts in US to Non-Citizens
Revolut Extends Accounts in US to Non-Citizens
July 25, 2023  |  Digital-First Banking

Revolut is now offering accounts to non-United States citizens lawfully in the country, who do not have a Social Security number (SSN) or individual taxpayer identification...

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Bank of America: Digital Adoption Has Reached 83% of Customer Households
Bank of America: Digital Adoption Has Reached 83% of Customer Households
July 18, 2023  |  Earnings

Bank of America’s latest results show an increasing adoption of digital channels by customers to get their banking done. The presentation materials from the company...

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Credit Unions Shift to Innovating in Age of Instant Gratification and Payments
Credit Unions Shift to Innovating in Age of Instant Gratification and Payments
July 05, 2023  |  Credit Unions

Credit unions need to innovate — and quickly. Scott Young, managing VP of emerging services as PSCU, said credit unions (CUs) have the tools, and,...

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An Industry Insider on the Importance of Competing for Digital Natives
An Industry Insider on the Importance of Competing for Digital Natives
June 12, 2023  |  Credit Unions

With only 4% of Gen Zers being current CU members and nearly 80% turning to social media for financial advice, PSCU’s Scott Young explains that...

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Nigerian Mobile Companies Block Banks From Text Service Over Unpaid Bill
Nigerian Mobile Companies Block Banks From Text Service Over Unpaid Bill
May 15, 2023  |  Mobile Payments

Nigerian mobile companies are reportedly halting text services to banks over a $259 million bill.  The firms are set to disconnect the Unstructured Supplementary Service...

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FinTechs’ Latest Profitability Challenge Is Finding Business Models Beyond Interchange
FinTechs’ Latest Profitability Challenge Is Finding Business Models Beyond Interchange
May 12, 2023  |  Digital Banking

FinTechs are facing an existential crisis now that the age of easy access to capital is over. Investors — running the gamut from private venture...

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71% of Gen Z Consumers Prefer Banking via Smartphone for Security
71% of Gen Z Consumers Prefer Banking via Smartphone for Security
May 04, 2023  |  Security & Fraud

As smartphone security measures like biometrics become more advanced, more consumers feel safe conducting financial transactions via mobile, including over half of seniors and baby...

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PYMNTS Intelligence: Why Digital-Everywhere Is Moving Banking Forward
PYMNTS Intelligence: Why Digital-Everywhere Is Moving Banking Forward
March 27, 2023  |  Digital-First Banking

Digital banking was already gaining momentum before the pandemic supercharged demand for remote services. As more consumers turned to their banks’ mobile apps than to physical branches, the...

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Mobile, Instant Money Movement Need Not Spur ‘Instant’ Bank Runs
Mobile, Instant Money Movement Need Not Spur ‘Instant’ Bank Runs
March 23, 2023  |  Banking

The digital age might make the bank run a bit like a flash mob. For those of us less than up to date on the...

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