This Week’s Reads: Mobile Payments, Banking Apps, Apple Pay

Below are interesting stories the staff has been reading over the past week.

Articles via American Banker, Payments Source, The Financial Brand, Bank Innovation

  • Bank websites said to suffer from attention shift to mobile: While banks’ mobile banking capabilities are continuing to evolve, in some cases, Web-based products and services are being ignored. Banks need to capitalize on all of their channels and should avoid placing such emphasis on one channel that it hurts the others.
  • To vet mobile pay options, follow the consumer: There are a lot of mobile payment options out there, for consumers and financial institutions as well. For financial institutions, it’s important to monitor what consumers are interested in and what they need before investing money in new retail POS solutions.
  • More checking customers demanding mobile banking apps: Recent data confirms that consumers, especially millennials, are looking for their financial institution to offer mobile banking. In addition to mobile banking, they’re also looking for mobile check deposit capabilities.
  • Here’s what Google’s doing to counter Apple Pay: Google is allegedly looking to compete with Apple Pay by revising an idea that allows consumers to pay for items while leaving their phone in their pocket.

What have you been reading? Let us know in the comments section below or Tweet @bankingdotcom.

Written by Staff