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Mobile Banking Trends For 2014
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Kelly22
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Kelly22,
User Rank: Author
2/25/2014 | 5:39:53 PM
re: Mobile Banking Trends For 2014
Same here. I'm sure as it continues to evolve I'll be more likely to consider it, but right now I still prefer traditional over mobile payments.
Byurcan
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Byurcan,
User Rank: Author
2/25/2014 | 3:55:26 PM
re: Mobile Banking Trends For 2014
Yes, with digital wallets still in their nascent stage, many industry analysts have pointed out that consumers still don't have a compelling reason to switch from plastic. Once digital wallets to reach that point of convenience, many people will likely switch over.
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
2/25/2014 | 2:36:59 PM
re: Mobile Banking Trends For 2014
I have made a few mobile payments, but I'm hoping the so called 'digital wallet' will make things easier in the future. Right now, it takes a few steps to set up a mobile payment with my bank. Cash or cards are still easier.
bob_graham
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bob_graham,
User Rank: Apprentice
2/25/2014 | 1:12:19 PM
re: Mobile Banking Trends For 2014
Yes Mastercard highlighted this with their announcement about MasterPass in-app payments capability for its MasterPass digital payments platform. This will allow third-party app developers the ability to create applicaitons accept payments for goods within their mobile apps, without requiring consumers to store their credit card information inside of the app and settle of course, to your mastercard. This is their latest and best foray into the digital wallet space as their Mastercard PayPass had not really taken off. Two newer features available are that Masterpass will support multiple technologies: NFC, QR codes, tags and mobile devices at the point of sale and will also provide a connected wallet supporting other cards.

Will see if this newest venture of allowing app developers to develop more shopping apps that allow you to pay before checkout serves to create more acceptance among consumers and merchants for mobile payments.
bob_graham
50%
50%
bob_graham,
User Rank: Apprentice
2/25/2014 | 1:12:19 PM
re: Mobile Banking Trends For 2014
Yes Mastercard highlighted this with their announcement about MasterPass in-app payments capability for its MasterPass digital payments platform. This will allow third-party app developers the ability to create applicaitons accept payments for goods within their mobile apps, without requiring consumers to store their credit card information inside of the app and settle of course, to your mastercard. This is their latest and best foray into the digital wallet space as their Mastercard PayPass had not really taken off. Two newer features available are that Masterpass will support multiple technologies: NFC, QR codes, tags and mobile devices at the point of sale and will also provide a connected wallet supporting other cards.

Will see if this newest venture of allowing app developers to develop more shopping apps that allow you to pay before checkout serves to create more acceptance among consumers and merchants for mobile payments.
Jonathan_Camhi
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50%
Jonathan_Camhi,
User Rank: Author
2/24/2014 | 4:44:29 PM
re: Mobile Banking Trends For 2014
The research released today by MasterCard shows customers are starting to understand mobile payments and warming up to them:

http://www.usatoday.com/story/...
bankonAM
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bankonAM,
User Rank: Apprentice
2/24/2014 | 4:33:31 PM
re: Mobile Banking Trends For 2014
Thank you for a brilliant article masterfully crafted
capturing several of the current dimensions on this critical space.

With multiple aggressive demands, based on both market
forces and enterprise needs, the need for prioritization of the key feature
sets is critical.

Even with several features in scope, a systematic release
planning approach is in order, so that the expectations may be set at all
levels on this journey.

Agility is required on all fronts, strategy tactics and
operations. Speed and precision of execution is vital on the key priorities
identified.

Decision-making involves M&A and contract awards with
partners whose core strengths lie in this space.

The results include customer satisfaction press visibility
in addition to cost reduction on account of self-service workflow.
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