More than 10 million Bank of American consumers are using their handsets to access their banking and financial needs.

In its latest move to leverage mobile to enable customers to access and manage their finances whenever and wherever they choose, U.S. Bank has released a new mobile banking application designed specifically for iPad users.

NEW YORK – A Citi executive at Mobile Commerce Daily’s Mcommerce Summit conference yesterday said that tablets are driving a much deeper level of engagement with customers than smartphones.

With 17 percent of adults actively banking via mobile devices, financial institutions are meeting basic needs but few offer more advanced functionality, according to a new report from Forrester Research.

Financial institutions Bank of America, Citibank and USAA rank high in mobile for their strong tablet-specific strategies, according to a new report from Javelin Strategy & Research.

Barclays person-to-person mobile payments application Pingit was download more than 400,000 times in the first eight weeks following its February launch.

U.S. Bank is piloting a new augmented reality app that enables users to easily find and access information about the closest U.S. Bank branch or ATM.

Bank of America is introducing a number of new mobile capabilities to meet the investment needs of Merrill Edge customers.

More advanced mobile banking functionalities such as bill payment are driving momentum in the adoption of transactional mobile banking services, according to a new report from Juniper Research.

Although mobile banking continues to gain traction with consumers, a large chunk of the world’s top banks have not equipped their applications with substantial security, according to a report from MyPrivateBanking.