The growth of mobile banking has created a competitive landscape in payments and has caught the attention of government regulatory agencies. In the continuing payments evolution, can banks take advantage of the opportunities ahead?
Consumers are using credit, debit and prepaid cards more and more, according to MasterCard. But banks must improve their mobile payments offerings to further reduce customers' reliance on cash and checks.
By Julie Conroy McNelley, Aite Group | July 27, 2012
Financial institutions will need to take a layered approach to security as the increasing consumerization of tablets, smartphones and other mobile devices introduces more fraud risks and malware concerns.