Yes, it is true, if you take the necessary precautions writes Eric Larkin on PCWorld.com. Eric smartly outlines the the myth of mobile insecurity and how to practice safe mobile banking.
Since we launched Obopay in 2005, security has been top of mind. We even have a Security Statement on our website.
Obopay takes the security of each account holder very seriously. We protect all Obopay accounts against unauthorized transactions and use advanced security technology whenever possible to prevent unauthorized access to account holder data.
September 24th, 2009
A new study by Javelin says mobile banking “is changing how consumers manage their finances today, which in turn will change how consumers pay for goods in the future.” The report, 2009 Mobile-Banking and Smartphone Forecast features five-year forecasts for mobile banking.
* Nearly half of mobile-phone owners currently have access to mobile banking today.
* By 2014, 45% of mobile-phone users will actually use mobile banking.
* 99 million U.S. adults will conduct mobile banking transactions at least once per year by 2014 – with 52% of mobile-phone users relying on smartphones.
* Mobile banking will rival online banking, with the former used as a “remote control” and the latter as a detailed form of control panel for more complex transactions.
“Just as the iPod changed the music industry and their business models, our data shows that iPhone users are changing the banking industry by leading the way in monitoring and managing finances through mobile devices,” said Mark Schwanhausser, Financial Services Channels Analyst.
September 10th, 2009
Today Nokia announced its entry into mobile banking with Obopay. In March of this year, the world leader in mobile communications invested in the mobile payments provider, now Nokia is taking the relationship one step further with its entry into banking.
August 26th, 2009
Will the mobile phone, aided by NFC, “stage a coup” over the traditional wallet?. CNN cites analysis by Forrester and Gartner to say, “maybe”, discussing security concerns, and that acceptance of global trends by U.S. consumers is not automatic. Mobile banking and payments by SMS are mentioned in passing.
August 14th, 2009
Smartphones, 3G networks and cheaper mobile data plans are driving mobile banking penetration, and a comScore survey last month showed that 44% of smartphone owners bank via the mobile web. Mark Walsh notes that a recent IDC report says “banks still have to find a ‘killer app; that pushes mobile banking into the mainstream and suggests payment services could do the trick.“
August 12th, 2009
“Now that
87 percent of people in the U.S. are carrying cell phones, big companies like MasterCard believe mobile banking could experience significant growth. Outside of the U.S., millions of people already use their cell phones to transfer money, pay bills and even buy products at a store. The concept just hasn’t caught on in the U.S. A few companies want to change that, specifically when it comes to mobile payments. Recently, MasterCard inked an agreement with a mobile payments start-up called
Obopay“ as reported on NPR’s
All Things Considered
July 21st, 2009
Consumer trust in their phones as devices for financial use continues to build. The number of Americans actively using mobile-banking services could grow to 53.1 million by 2013, an increase of 431% from an estimated 10 million today. That’s the prediction from research firm TowerGroup Inc., which issued a report about what it calls mobile banking’s evolution from a niche play to mainstream delivery channel for financial services from 2008 to 2013. Alsomentioned in this piece: Gartner Inc., predicts that the number of mobile-payments users worldwide will increase 70% this year to 73.4 million, up from 43.1 million in 2008.
June 22nd, 2009
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