Mobile Banking Stocks List
|BSFO||A||Bank of San Francisco||0.00|
|CNBP||A||Cornerstone Bancorp Inc ]||0.00|
|FCOB||A||1St Colonial Bcp Pa||1.42|
|UNBK||A||United Natl Bk Cairo GA||0.00|
|CSVI||A||Computer Services In||0.00|
|VTYB||A||The Victory Bancorp, Inc||0.00|
Related Industries: Asset Management Banks - Global Banks - Regional Banks - Regional - Asia Banks - Regional - Australia Banks - Regional - Europe Banks - Regional - US Banks-Regional Banks—Regional Capital Markets Credit Services Information Technology Services Money Center Banks Other Savings & Cooperative Banks Software - Application Software - Infrastructure Software—Application Telecom Services
- Mobile Banking
Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Unlike the related internet banking it uses software, usually called an app, provided by the financial institution for the purpose. Mobile banking is usually available on a 24-hour basis. Some financial institutions have restrictions on which accounts may be accessed through mobile banking, as well as a limit on the amount that can be transacted. Mobile banking is dependent on the availability of an internet or data connection to the mobile device.
Transactions through mobile banking depend on the features of the mobile banking app provided and typically includes obtaining account balances and lists of latest transactions, electronic bill payments, remote check deposits, P2P payments, and funds transfers between a customer's or another's accounts. Some apps also enable copies of statements to be downloaded and sometimes printed at the customer's premises.
From the bank's point of view, mobile banking reduces the cost of handling transactions by reducing the need for customers to visit a bank branch for non-cash withdrawal and deposit transactions. Mobile banking does not handle transactions involving cash, and a customer needs to visit an ATM or bank branch for cash withdrawals or deposits. Many apps now have a remote deposit option; using the device's camera to digitally transmit cheques to their financial institution.
Mobile banking differs from mobile payments, which involves the use of a mobile device to pay for goods or services either at the point of sale or remotely, analogously to the use of a debit or credit card to effect an EFTPOS payment.