To attract Millennials, banks and retailers need to tap into their enthusiasm for smartphones and mobile apps, according to a survey by Zogby Analytics on behalf of Mitek, a provider of mobile document image capture software.
Check out the hottest mobile IT news for Wednesday, Sept. 24, including Walmart's low-cost mobile banking offer to customers, Apple's $100 markup for iPhone 6 Plus, VoLTE fueling an IMS land rush, Adobe's acquisition of photo editing software Aviary and half of Apple mobile device users have upgraded to iOS 8 after a week of deployment.
Wells Fargo has taken three mobile banking-related startups under its wing as part of its first official accelerator program.
The number of mobile phone users tapping into mobile banking will double over the next five years, predicts Juniper Research.
Check out the hottest mobile IT news for July 1, including the feature Twitter has now extended to all of its advertisers, a ranking of the top mobile ad efforts, the latest round of Moven venture capital funding, the latest predictions for V2X communications and the new leader for MEMS sensors in automobiles.
The number of Australian mobile commerce customers soared 448 percent over the last three years, according to research prepared by Roy Morgan Research on behalf of the Australian Communications and Media Authority.
U.K. banks were slow to adopt mobile banking, and two of the largest banks, Barclays and HSBC, didn't deploy a mobile banking app until 2012, writes Stephen Walker, eBusiness and channel strategy analyst at Forrester Research.
Check out the hottest mobile IT news for June 26, including the ever-growing wireless local area network market share, the Indian healthcare system's mobile prescription, how mobile banking measures up in Europe, the expected revenue for wearables this year and the surge in location-based search growth.
Check out the hottest mobile IT news for June 5, including the not-so-secret launch of Amazon's smartphone, an app that helps you text other driver's based on their license plate, the alleviating transition to MIMO Wi-Fi, the top Canadian bank in mobile and the changing reign in the microwave gear market.
Banks with many mobile banking apps should use banking app stores to help customers find the apps they need, recommends Kristen Moyer, research vice president at Gartner.