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Mobile Banking: Consumer Education Needed

Javelin: 23 of top financial institutions offer some sort of mobile-banking service. That’s an improvement from 2009, when less than 50 percent of the same banking institution set played active roles in the mobile space. Smart phone users are the biggest adopters of mobile banking, but only 14 percent of those with basic mobile phones are using mobile banking. The advent of mobile tablets is expected to alter that paradigm, too, as more users embrace the tablet over the mobile phone. Banks have to be ready to port mobile apps for smart phones over to tablets.”]

Source: https://www.cuinfosecurity.com/mobile-banking-consumer-education-needed-a-4229

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