Having an actual conversation is just one small part of today’s mobile experience. Now, more than ever, people are using their phones for banking, doing things like budgeting, paying bills, transferring funds and depositing checks.
In a recent survey conducted by the Federal Reserve, 52% of smartphone owners are mobile bankers. But for those who are resistant to the idea, one reason cited was their concern about security. According to Juan Lepe, Vice President of Information Technology Planning and Risk at SchoolsFirst FCU, secure mobile banking is really a partnership between financial institutions and consumers.