Smart phones and tablets can easily accommodate biometric authentication, CEO Dennis Simmons says. Biometrics, geo-location, biometrics and device identification can enhance authentication, he says. Simmons: Mobile banking is an extension of the financial institutions’ online-banking platform. He says banks and credit unions must take advantage of mobile device features, such as geo-Location, to enhance authentication. The latest survey noted significant increases in mobile payments or at least an interest in mobile payment options.”]
Source: https://www.cuinfosecurity.com/mobile-bankings-security-advantages-a-5217