PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Who Will Win the Banking Channel Stakes in the U.S.?

Mercator Advisory Group by Mercator Advisory Group
April 19, 2011
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

As with most new channels, the growing adoption of mobile banking has been hyped as the new platform that bankers must deploy now or be forever be lost in the dust of progressive mobile promoting banks. Blogger Rajashekara Maiya from Bangalore India, who is a product manager for Infosys’ Finacle core banking system, points out that online banking has established ascendancy as consumers favored banking channel.

Amidst all the hype surrounding mobile banking, it is interesting to see how well online banking has fared in the United States. For instance, Bank of America says that both online and mobile services are becoming increasingly important with the rising trend of using the Internet or the smartphone to access checking accounts.

The American Bankers Association recently conducted a survey of 10,000 consumers to find that online banking had found favor with 36% of respondents – versus only 25% last year – making it the most popular banking channel ahead of the branch and ATM. This lends credence to the belief that online banking is the channel of the future, with young, tech-loving customers entering the customer base. But it’s not only Gen Y who have reposed their faith; online banking was the second most popular channel (after the branch) even among those above the age of 55.

For more of Rajashekara’s opinions read his blog: http://www.bankinnovation.net/profiles/blogs/who-will-win-the-banking

For additional information on the online banking market, solutions, and strategies read the following Mercator Reports:
“Online Banking Today and Strategies for the Future: Increasing Adoption, Access, and Usage” http://www.mercatoradvisorygroup.com/index.php?doc=Banking&action=view_item&id=508&catid=17

“Online Banking Solution Review: It’s All in The Eyes of the Beholder” http://www.mercatoradvisorygroup.com/index.php?doc=Banking&action=view_item&id=559&catid=17

“US Consumer Online Banking: Market Landscape & Leading Vendors” http://www.mercatoradvisorygroup.com/index.php?doc=Banking&action=view_item&id=529&catid=17

“Evolving US Payment Systems and Bank Delivery Channels: Death of the Teller…Again?” http://www.mercatoradvisorygroup.com/index.php?doc=Banking&action=view_item&id=454&catid=17

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    commercial payments

    Optimizing Commercial Payments in the Digital Age

    March 21, 2023
    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023
    RTP

    Financial Institutions Without an RTP Strategy Risk Being Left Behind

    March 16, 2023
    visa chargeback

    New Visa Chargeback Guidelines Will Be a Game Changer

    March 15, 2023
    liquidity management

    Liquidity Management Takes on Increasing Importance in Uncertain Economic Times

    March 14, 2023
    payments

    Key Challenges from Growing Payment Methods and Volume

    March 13, 2023
    Data Governance is a Journey, financial data

    How FIs Can Power Their Operations with a Modern Data Architecture

    March 10, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Autorek complimentary report: Payments Industry Outlook 2023: