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What's Behind the Mobile Banking Boom
March 27, 2014

Mobile banking has expanded beyond the market for youthful early adopters and is rapidly becoming a mainstream product. American Banker reporters discuss who else is logging on and the hurdles the industry faces to keep the momentum going.

Comments (1)
I run CARD.com, a mobile alternative to branch bnaking.

Mobile Banking is booming because of broader adoption of smartphones.

Whereas the internet connected PC was the killer app for ecommerce vs brick/mortar retailers, it did not kill the branch bank. Why? Cause you cant stick cash or checks into a computer screen, or get cash out.

Now that a camera on your Android can load checks, and the phone can find free ATMs in-network at, say, a Walgreens, there's no need for branches. This is going to happen FAST now.

Posted by CARD.com | Sunday, March 30 2014 at 1:01AM ET
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