Plugged In
Stay plugged in to technology news. Cox staffers across the country and around the globe bring you breaking tech news and other high-tech tidbits and explain what it all means to you and your community -- 24 hours a day, seven days a week. Only with "Plugged In."RSS feed
What's on this page →
The entry titled "Generation Y takes the lead in mobile banking," and any of the comments about it.
Commenting is open from 8 a.m. to 5 p.m. M-F
Recent entries
- On your next cell phone: How much will you spend
- After further review, IBM still tops in server revenue
- The Dare joins the iPhone 3G and the Instinct
- AT&T and the 3G iPhone by the numbers (service fees)
- Conjuring up some 'solar magic'
- Like a Virgin: Hip Helio is history
- Coming soon to the Internet: .(younameit)
- More entries...
Home > Plugged In > Archives > 2008 > April > 22 > Entry
Generation Y takes the lead in mobile banking
Most bank patrons aren’t keen on mobile banking but Generation Y has begun to adopt it in greater numbers.
A survey for IBM by Opinion Research Group says 89 percent of the general population hasn’t tried making a mobile banking transaction while 21 percent of those in the 18 to 34 age group have used their cell phones for banking.
Today, mobile transactions are about the same as online transactions — checking your balance, moving money between accounts and setting up automatic bill payment. At some points, phones will function like credit- and debit-cards at cash registers but not yet.
Nine out of the top 10 banks offer mobile banking, but consumers are concerned about the loss of personal information. I think I’ll let this trend build for awhile before I jump in.
Comments