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An article relating to this blog post on Finextra:

Americans switching on to m-banking

Around three quarters of US customers - 75% - would now consider using mobile banking services if offered, up from 49% in 2006, according to research released by fintech vendor Fiserv.


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Mobiles are building up trust

I'm not suprised that people are beggining to trust their mobile phone more.

There's a festival going on in the Bristol UK,

http://www.thoughtden.co.uk/blog/2008/09/12/everything-costs-too-much-igfest/

qhere even some of the games are Mobile based.

It's a non-vicious loop,

> The developers are starting to play more with the technology

> More applications are being descovered & integrated

> People use their phone more

> More investment into the system

> Goto Point 1 and reapeat!

Dan Course : http://www.thoughtden.co.uk

 

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Comments: (1)

A Finextra member
A Finextra member 14 September, 2008, 02:33Be the first to give this comment the thumbs up 0 likes

Dan,

While I'm not sure that one could conclude that people trust their mobile any more than they did 6 months ago, they are coming around to the idea that life would be easier if we only had to carry our mobile, and not a bunch of cards and documentation.

The network protocols some providers use for mobile transactions etc, are not really any safer than the internet and some even use the internet.

There are various mobile phone operating systems and mobile networks, all with different risks and capabilities. None are secure.

From what I've seen, the mobile has a long way to go with security, but the right methodology, based on a truthful assessment of the mobile's capability can go a long way towards providing the transaction and communication security we need.

I don't think the old 'wing and a prayer' approach (like the internet) will cut it in the mobile space. I haven't had a single consumer tell me they'd swap the ability to make calls and send text for being able to play a game on their mobile. Providers need to be very clear on that and make sure one does not have any adverse effect on the other, because if it does, their business plan could look awfully shaky all of a sudden. I suspect there's a big rethink going on over at google as the Android may share some of the less appealing features of it's cousin Chrome.

I do look forward to seeing more interaction available through the mobile and certainly like what you are doing. If I was in Bristol I'd probably be hunting that moose from the Forrest of Dean right now.

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