Mobile banking catching on?

Mobile banking catching on?
Tags: Bank / Credit Union, North America, Transaction Processing, Trends / Statistics
August 10, 2008

The (Lynchburg, Va.) News & Advance: Chuck Kain was on a tight budget when he took a vacation to Myrtle Beach, S.C., last month. Before buying food and souvenirs, he checked on his cell phone to make sure he had enough money in his checking account. Kain, 30, also looked at his last transactions without visiting a bank, going to the ATM or being tied to his computer. "I used it in the middle of a campground when I didn't have a laptop," he said. It's mobile banking, the newest way for consumers to do personal banking — on their mobile devices.

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