Mobile-first banking is quickly gaining steam as big names such as Citibank and now Walmart jump onboard with offerings that combine on-the-go technology with low fees to appeal to younger and lower-income consumers.
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With digital bill paying now more popular than paper checks, Citibank has launched a new type of banking account designed specifically for online and mobile bankers.
Financial organization software provider Quicken has found that users of its mobile application leverage the product for manual data entry, shifting a key function that previously had been performed on desktop.
Historically, augmented reality’s utilitarian use case in banking disappeared once consumers reached a branch, but Westpac New Zealand has extended the technology to support account management within its mobile app.
TD Bank is offering mobile-optimized Web pages for opening an account to meet the banking needs of on-the-go customers.
Regional and community banks are advancing their mobile capabilities with new features that are helping them catch up to – and sometimes leap past – their larger counterparts as they react to customers’ mobile lifestyles.
U.S. Bank is testing a new mobile application in partnership with the Minnesota Twins that leverages the camera on an iPad to speed up credit card applications for baseball game attendees.
Pizza Hut and Staples are among the merchants preparing to accept a new payment option from Visa that promises to streamline mobile checkout by digitizing consumers’ credit cards.
Further expanding its suite of mobile services for customers, Ally Bank, the direct banking subsidiary of Ally Financial Inc., has launched a mobile app designed specifically for the iPad tablet in response to findings that nearly one-third of its customers are using mobile devices for their banking needs.
More customers are signing up for a Discover credit card via mobile app than expected, one senior executive at the financial services firm said.