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Article: Can You See Your Balance Now? With Mobile, You Can.(Technology)
- Article from:
- American Banker
- Article date:
- November 6, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steve Bills
BOSTON - Mobile banking services, a novelty just a year ago, are suddenly taking off.
At least five partnerships were announced this week aimed at making mobile banking more widely available and more useful, and though payments executives say usage is not widespread now, they expect adoption to soar in the next year.
Giving people immediate access to real-time account details, they say, is letting banks deliver a variety of new services, including fraud-fighting alerts and location-based marketing, and could even help banks justify charging fees when people overdraw their accounts.
Prakash Hariramani, the senior ...