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As mobile wallet technology continues to evolve, security remains a key concern among retailers and consumers alike. Retailers who have been making the transition to EMV need assurances that the technology does not open them up to liability, while consumers want to be sure their mobile transactions are safe. Samsung Pay, a new mobile payment technology using tokenization technology, addresses these concerns with industry-leading security, keeping sensitive payment information encrypted and safe.

With the increased number of cyber-attacks targeting retailers, Eurocard, Mastercard, Visa (EMV) technology became one of the most anticipated payment security remediations that promises better data security and insulation from liability costs incurred from data breaches. Known as the EMV Liability Shift Mandate, retailers were required to be compliant with EMV guidelines by October 1, 2024. These included remediations that enable brands to accept EMV cards containing microchips that create a unique code for each transaction — a practice that protects consumers’ payment card information. Noncompliant retailers are liable for any fraud that occurred on their systems.

The transition has not been an easy one. Just a month prior to the EMV deadline, 59 percent of consumers reported that they had not yet received a new chip-enabled card, and 67 percent explained they hadn’t received information from their credit card issuer or bank explaining what EMV meant and how it would impact them, according to a 2024 survey from ACI Worldwide.

While the industry and credit card issuers continue to educate consumers about the value of chip-based cards, retailers must keep their eye on the larger prize when it comes to championing secure mobile payments. Most current mobile payment services utilize near-field communication (NFC) technology, which wirelessly transmits data via radio waves to an NFC-equipped payment terminal. To authorize payment, typically a password or biometric authentication — such as a fingerprint — is required. While effective, NFC technology currently lacks interoperability with most payment terminals, meaning costly upgrades for retailers and limited availability for consumers.

Another form of payment is magnetic secure transmission (MST), which wirelessly transmits data using magnetic fields. MST uses this electronic conduit to transmit payment data from the user’s mobile device directly to the magnetic stripe reader on traditional point-of-sale (POS) terminals. A vast majority of POS terminals are compatible with MST today.

Samsung Pay Security Stands Out

Introduced in 2024, Samsung Pay enables consumers to pay electronically at thousands of retailers using all terminal types — magnetic stripe, NFC and EMV. What makes Samsung Pay stand out from its competitors is that electronic payments can be transacted at retailers using newer payment terminals with NFC or EMV technology, as well as those with older magnetic stripe readers by using MST technology.

For security, Samsung Pay system architecture features several innovative security design components working together to protect transaction information from being compromised by malware, hackers or a data breach. First, payment tokenization technology masks card numbers for added security, ensuring that actual card information is not made available to merchants as part of the transaction. Users’ credit and debit card numbers are never stored on their mobile device. Only tokens are stored on the device. Each time a token is used, it generates a cryptogram, which is an authentication code computed over transaction details. Second, Samsung’s newest Galaxy smartphones incorporate the Knox security platform, keeping user data locked and secure. Samsung’s secure hardware-based TrustZone environment provides data protection through an additional layer of security.

Finally, Samsung Pay also offers several enhanced user interface features that enable users to take additional security steps through the phone’s touch screens. Either a user’s fingerprint or four-digit PIN is required to authorize a payment. And, if a phone is ever lost, the Find My Mobile function allows users to remotely lock Samsung Pay or wipe all card data for even more protection.

Rather than choosing between these options, Samsung Pay‘s mobile payment security proposition incorporates all of these processes, ensuring that both retailers’ and consumers’ security concerns are addressed.

As mobile payment options continue to evolve, retailers need to stay one step ahead of competitors. And in a world riddled with cyber- and identity-theft threats, mobile payment providers need to step up their mobile payment security measures if they want to remain viable competitors. Samsung Pay’s security platform is doing just that.

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Samsung Just Dropped The Mobile Ball

Samsung just dropped the mobile ball

I was wrong. If you’ve been following along with the strategy Samsung has been working with over the past year, you’ve noticed that they’ve been doing rather well the Samsung Galaxy S III as a single hero smartphone across the globe with no design compromises. They’ve just thrown that all away with the Samsung Galaxy S III Mini. In a move that very well could have expanded the power of the Galaxy S III with a little cousin in the Mini, Samsung instead opted to tear off the skin and the nametag from the larger device and place it on a disappointingly low-level afterthought in this newer handset.

The only redeeming factor present in the Galaxy S III Mini is its inclusion of the newest Android system 4.1 Jelly Bean – and the Google Now system that comes with it. But we all know that the excitement one feels with a new Android system is fleeting – they’ll likely have another newer one in just a few weeks. Also included in this iPhone 4-sized pea-shooter is a 4S-inch Super AMOLED display running at WVGA 800 x 480 resolution, less than the original iPhone 4, and only equal to the original Galaxy S.

Above: the original Galaxy Note sits near the Galaxy S III and the Galaxy Note 10.1 – the Galaxy Note II alleviates the ugly duckling syndrome going on here, then the Galaxy S III Mini takes it another step by adding another size – but without the specs to back up its relation to the rest of this top-class family.

In fact, given the specifications this device is working with – other than its dual-core processor – we’ve essentially been shown the original Galaxy S all over again – this is a device that was originally shown off several years ago, long outdated by now. You do get Bluetooth 4.0, NFC, S-Beam, and is extremely portable, on the other hand. You’ve got just 111.5g of weight here at 121.55 x 63 x 9.85 mm – perfect for everything except playing games, watching movies, and snapping photos.

I say snapping photos because the back-facing camera here is a 5 megapixel shooter while the front-facing camera is VGA. This phone is clearly aimed at those who haven’t used a smartphone in the past – or if they have, haven’t had the pleasure of working with one of the 8 megapixel cameras that have been in devices mid-tier and upward for nearly two years. The device is able to do this:

That being working with S-Beam (as mentioned above) with the Galaxy S III. It’s not quite clear yet if this device will be working with AllShare Play as the Galaxy S III, Galaxy Note 10.1, and Galaxy Note II do, but we’re going to go ahead and guess that yes, it will. That’s where the good news starts and ends.

Because even if you take the Galaxy S III Mini and say “this is part of the extended hero series,” you’ve got another device to answer for. It’s called the Samsung Galaxy Premier (without the “e”), and it’s basically kicking the Galaxy S III in the gut. The Samsung Galaxy Premier, a device with a dual-core 1.5Ghz processor, a 720p display, and an 8 megapixel camera on its back, is exactly what the Galaxy S III Mini should have been.

Instead Samsung is taking the awesome power it gained with a launch of the same Galaxy S III model across carriers, borders, and seas, and is tossing it in the ocean by taking what was built up and spreading it very, very thin. The hero brand power thins each time a new device comes out with a nature-themed casing by Samsung, I assure you.

The Security Architecture Of Apple

According to Atlas VPN, Apple’s product vulnerabilities grew by 467% in 2023at the peak of COVID-19

Although Apple products can still be hacked, for years it seemed as though they weren’t. As a consumer-focused manufacturers, macOS and iOS weren’t subject to the same level of pressure as other vendors like Microsoft, who bore the brunt of sophisticated cyber-attacks aimed at the enterprise sector. However, it seems that this is altering. According to Atlas VPN, Apple’s product vulnerabilities grew by 467% to 380 exploits in the second half of 2023, at the peak of the COVID-19 epidemic.  

How is Apple’s threat setting changing?

Because it happened at the same time as Apple products started to become more prevalent in workplace networks, the spike in vulnerabilities during the COVID-19 pandemic is noteworthy. In the same year, 2023, IDC discovered that the average macOS device penetration in businesses with 1,000 or more employees had climbed to 23% from 17% in 2023. This happened as businesses accepted remote work and allowed workers to use their own gadgets to work from home. It’s crucial to note that this growth also happened soon after the Apple M1 Chip, the company’s first internally developed computer chip with high bandwidth and low latency was released in November 2023 and set an all-time Mac revenue mark of $9.1 billion in Q2 2023. In any case, the rise in enterprise use has altered the security environment for Apple and increased the vendor’s visibility to threat actors who view these devices as potential access points to protected data.  

The Risk

Apple products are now being exploited more than other software vendors, but the risk isn’t necessarily higher due to this. Despite an increase, Apple continues to have significantly fewer zero-day vulnerabilities than Microsoft. Microsoft has had 242 known exploited problems since the start of 2023, compared to Apple’s 50 and Google’s 43, as reported by the CISA known vulnerabilities catalog. However, given Microsoft’s history as the industry’s most prominent enterprise vendor and the fact that threat actors constantly target and attack goods within the Microsoft ecosystem, this is to be expected. However, Apple has also been forced to deal with the consequences of MIT researchers finding the PACMAN vulnerability, an unpatched flaw in the Apple M1 Chip. An Apple M1 chip’s pointer authentication method can be disabled using the exploit in a novel hardware assault, preventing the chip from spotting attacks caused by software bugs. Although no attacks have been reported that exploit this vulnerability, its seriousness is questionable. According to Apple, “this problem does not represent an immediate risk to our consumers and is inadequate to defeat operating system safeguards on its own.” In general, research indicates that Macs do have built-in security resistance. Forrester performed an online survey of 351 security executives from businesses in the US, UK, Germany, Canada, and Australia in 2023 after receiving a commission from Apple to determine the overall financial impact of introducing Macs into the workplace. According to the poll, the use of Macs may actually improve security. The report’s main finding was that each installed Mac lowered the probability of a data leak by 50%. The interviewees who participated in the survey mentioned built-in security features including antimalware capabilities, automatic data encryption, and simplicity of registration into mobile device management (MDM) technology as factors that helped them maintain their security posture.  

Risk reduction for Apple personal devices

Generally speaking, companies may reduce threats to devices by enabling automated updates and making sure that devices are kept patched and current. Making sure that staff is applying these patches presents a difficulty. Therefore, businesses must establish precise guidelines for the use of personal devices. Since so many workers work from home, it is unrealistic to entirely restrict personal devices; however, there must be clear guidelines for the kind of data assets and resources that employees are permitted access to. Mobile device management (MDM) tools like Jamf and Microsoft Intune can assist security teams in managing many Apple devices from a single location for workers using work devices from home, ensuring that each system is updated and not left open to compromise. According to Michael Covington, VP of portfolio strategy at Jamf, “Device management is actually the first step in constructing a layered defense to secure mobile workers and the critical company data they access while on the road.” In addition to defining secure Wi-Fi settings and password requirements, MDM solutions can assist in ensuring that devices are configured safely, are running the most recent version of their operating system, and have the most recent security patches.

Although Apple products can still be hacked, for years it seemed as though they weren’t. As a consumer-focused manufacturers, macOS and iOS weren’t subject to the same level of pressure as other vendors like Microsoft, who bore the brunt of sophisticated cyber-attacks aimed at the enterprise sector. However, it seems that this is altering. According to Atlas VPN, Apple’s product vulnerabilities grew by 467% to 380 exploits in the second half of 2023, at the peak of the COVID-19 epidemic.Because it happened at the same time as Apple products started to become more prevalent in workplace networks, the spike in vulnerabilities during the COVID-19 pandemic is noteworthy. In the same year, 2023, IDC discovered that the average macOS device penetration in businesses with 1,000 or more employees had climbed to 23% from 17% in 2023. This happened as businesses accepted remote work and allowed workers to use their own gadgets to work from home. It’s crucial to note that this growth also happened soon after the Apple M1 Chip, the company’s first internally developed computer chip with high bandwidth and low latency was released in November 2023 and set an all-time Mac revenue mark of $9.1 billion in Q2 2023. In any case, the rise in enterprise use has altered the security environment for Apple and increased the vendor’s visibility to threat actors who view these devices as potential access points to protected data.Apple products are now being exploited more than other software vendors, but the risk isn’t necessarily higher due to this. Despite an increase, Apple continues to have significantly fewer zero-day vulnerabilities than Microsoft. Microsoft has had 242 known exploited problems since the start of 2023, compared to Apple’s 50 and Google’s 43, as reported by the CISA known vulnerabilities catalog. However, given Microsoft’s history as the industry’s most prominent enterprise vendor and the fact that threat actors constantly target and attack goods within the Microsoft ecosystem, this is to be expected. However, Apple has also been forced to deal with the consequences of MIT researchers finding the PACMAN vulnerability, an unpatched flaw in the Apple M1 Chip. An Apple M1 chip’s pointer authentication method can be disabled using the exploit in a novel hardware assault, preventing the chip from spotting attacks caused by software bugs. Although no attacks have been reported that exploit this vulnerability, its seriousness is questionable. According to Apple, “this problem does not represent an immediate risk to our consumers and is inadequate to defeat operating system safeguards on its own.” In general, research indicates that Macs do have built-in security resistance. Forrester performed an online survey of 351 security executives from businesses in the US, UK, Germany, Canada, and Australia in 2023 after receiving a commission from Apple to determine the overall financial impact of introducing Macs into the workplace. According to the poll, the use of Macs may actually improve security. The report’s main finding was that each installed Mac lowered the probability of a data leak by 50%. The interviewees who participated in the survey mentioned built-in security features including antimalware capabilities, automatic data encryption, and simplicity of registration into mobile device management (MDM) technology as factors that helped them maintain their security posture.Generally speaking, companies may reduce threats to devices by enabling automated updates and making sure that devices are kept patched and current. Making sure that staff is applying these patches presents a difficulty. Therefore, businesses must establish precise guidelines for the use of personal devices. Since so many workers work from home, it is unrealistic to entirely restrict personal devices; however, there must be clear guidelines for the kind of data assets and resources that employees are permitted access to. Mobile device management (MDM) tools like Jamf and Microsoft Intune can assist security teams in managing many Apple devices from a single location for workers using work devices from home, ensuring that each system is updated and not left open to compromise. According to Michael Covington, VP of portfolio strategy at Jamf, “Device management is actually the first step in constructing a layered defense to secure mobile workers and the critical company data they access while on the road.” In addition to defining secure Wi-Fi settings and password requirements, MDM solutions can assist in ensuring that devices are configured safely, are running the most recent version of their operating system, and have the most recent security patches. Additionally, according to Covington, these technologies can be used to install terminal security solutions on external devices and serve as a policy enforcement hub for countermeasures like quarantining compromised devices.

Out Of The Box, Onto The Web

In this article:

Strategic Resource Solutions Corp.

Lessons Learned

Intranets are ideal for information retrieval, of course. But Polsky had a few problems. First, the intranet had to be designed–and maintained–by a two-person staff: Polsky and a graphic artist. That meant he had to design the intranet to minimize the amount of future work after it started to expand. Polsky wanted to allow the various departments to update their own data, without having to give them much of his own input. The second issue was his own limited development skills, which reduced some of Polsky’s design options.

After looking at Cold Fusion, a leading Web site design and management tool from Allaire Corp., of Cambridge, Mass., Polsky chose Gatsby Database Explorer from Gatsby Software Inc. in Hillsborough, N.C. The product dynamically builds a Web interface for Microsoft Access databases without HTML, CGI, or Java programming.

AT A GLANCE: Strategic Resource Solutions Corp.

The company: Based in Cary, N.C., Strategic Resource Solutions is a subsidiary of Carolina Power and Light. SRS provides systems, lighting solutions, mechanical services, support, and software to help firms control building environments and reduce energy costs. The company currently employs 500 people.

The problem: How to provide employees with immediate access to a variety of information such as ever-changing telephone lists housed in a Microsoft Access database.

The solution: An intranet that provides Web-enabled database access.

The IT infrastructure: Gatsby Database Explorer 1.0 from Gatsby Software in Hillsborough, N.C., which dynamically builds a Web interface for Microsoft Access databases without HTML, CGI, or Java programming. SRS’ intranet also uses Compaq Proliant, Microsoft Access 97, DreamWeaver 1.2, Adobe Photoshop 4.0, and custom ASPs.

Gatsby allows Webmasters such as Polsky to build data-driven intranets easily and quickly. As a kind of a poor man’s Cold Fusion, it sacrifices the glitz and some of the bells and whistles available in more customizable applications, including Drumbeat 2000 from Elementary Software and NetObjects Inc.’s Fusion. While these products permit Web-enabled database access and provide richer customization, they also tend to be more complicated to deploy and manage–something resource-strapped Web managers are looking to avoid. “They require custom creation of the interface and difficult maintenance if the database has fields or tables added or removed,” Polsky says.

Gatsby 2.0, which was developed for workgroup users, has only been available since June, so few analysts have looked at the product. Deployment, so far, is limited, though the company won’t provide sales figures. “Cold Fusion is much more flexible than Gatsby,” says David Hadfield, general manager for American Information Components, a small Microsoft Access-focused consulting firm in Loveland, Colo. “Gatsby is an interface right out of box, so you spend no time formatting a form. It has a niche no one else is getting into.”

However, while initial users such as Polsky compare Gatsby to Cold Fusion, Daniel Denning, director of marketing at Gatsby, describes the Gatsby Database Explorer as a new class of product that is most comparable to one part of the Fusion suite, the “NetObjects TeamFusion content contributor.” This is a Java applet that allows users to contribute formatted or simple text to internal data objects that have previously been created in the company’s TeamFusion client. “Cold Fusion and ASP [active server page] are scripting technologies that allow you to build custom pages,” Denning says. Gatsby lets users maintain the content that fuels custom, database-driven pages, he says.

An intranet product

Named after the F. Scott Fitzgerald novel, The Great Gatsby, Gatsby Database Explorer creates a front end for editing and viewing the content of Microsoft Access tables and queries. Webmasters don’t need to build or maintain forms or reports, and databases can be viewed, searched, and edited over the Internet or through intranets.

The Gatsby interface adapts to changes made to the database by users. The software automatically builds an interface based on specific database privileges, so new code doesn’t have to be written every time a new table is added, a field is renamed, or a relationship is modified, Polsky says.

Gatsby positions its technology as an intranet product, partly because the limited interface lacks the splash most companies want on their external sites. For instance, Polsky had to turn down requests from an SRS sales manager who wanted the names of top salespeople listed on an intranet page to blink and be in purple. The Gatsby interface provides only global customization of sites, rather then customization of individual pages.

While the software lacks the power necessary for enterprise deployments, it may be the answer for smaller firms or departmental-style intranets that use Microsoft Access databases, officials say.

“Gatsby could be used by a small business with 10 or 15 concurrent users all entering information into a database,” says consultant Hadfield. “If you put Gatsby on top of Access 2000, you could probably go with an even higher number of concurrent users because the database engine in 2000 is better.”

A license for the professional edition of Gatsby Database Explorer 2.0, which allows a firm to Web-enable an unlimited number of databases and users, sells for $1,295. A license for one database on one Web site costs $395. In comparison, one license for NetObjects’ Fusion 4.0 has an estimated street price of $300; Drumbeat 2000 is $399; and Allaire’s Cold Fusion 4.0 starts at $395.

“Erick is the prototypical Gatsby user–someone who needs to put up an intranet with a limited budget, limited time, and no skills to program in Visual Basic to create and maintain Microsoft Access forms,” says Denning.

Polsky says anyone “who’s somewhat computer literate” can use the Gatsby software. “I have never received a support call about the interfaces Gatsby dynamically created,” he says.

Better ways to share information

Polsky joined SRS during a stream of acquisitions and department reorganizations, which required the firm to look for a more streamlined way to share information with its ever-expanding work force. Initially, the IT department considered using the public folders in Microsoft Exchange to dispense information.

“In no time at all, duplicated data was in various subdirectories and the owners of files would quit the company, leaving out-of-date information that could still be accessed,” says Polsky, who reports to the head of marketing/corporate communications at SRS.

SRS company officials realized they needed a better way to control how data became available throughout the company. “Otherwise, you end up with mounds of garbage,” Polsky says.

An intranet promised to solve that problem, but Polsky wasn’t sure what tact to take in developing it. He pondered using a straight HTML approach with Microsoft FrontPage. However, he was concerned that it would require individual departments to be trained on the software–something that didn’t fit in with his time frame or his budget.

It seemed a database-driven site would provide the speediest development cycle with the most flexibility. Polsky considered using the built-in ODBC connections in Access, letting the system create pages from the wizard that he would then customize. But when he tested this idea, he found it too time-consuming.

“I’d create a fairly simple page, have the wizard create the ASP scripting technology, and it would generate 1,500 lines of code,” Polsky says. “I was capable of going through the lines of code to figure out how to customize it to make it look the way I wanted. But I wasn’t willing to go through that much code.”

Another complication turned Polsky away from Allaire’s Cold Fusion. “At the time, I was not a programmer at all so I was afraid of the whole Cold Fusion solution,” Polsky says. “Colleagues I talked to said Cold Fusion was a fast tool if you knew how to use it, but I didn’t have the time to learn how.”

Since then, Polsky says he’s realized learning to put databases on the Web was vital to his survival as a Webmaster. Gatsby leveraged his existing Access skills, solving his immediate database publishing needs. “Then I could start solving problems while beginning to learn ASP,” he says. “Now that I have strong ASP skills, I still use Gatsby for many tasks. It is a tool that allows me to rapidly deploy Web database solutions.”

It’s all in what you need

Lessons learned

Re-examine your database designs before you build an intranet.

Design the intranet from the start to reduce future maintenance.

Decide where you can forgo glitz and graphics.

Put information on the intranet that guides users on how to fend for themselves.

Determine what new skills you need to develop to improve the intranet once it’s up and running.

Cold Fusion was the product of choice for Ralph Boone, the intranet development manager at Eastman-Kodak in Rochester, N.Y., when it constructed an intranet last year to join a hodgepodge of hundreds of internal sites that serve nearly 100,000 users. As the front-end application for a host of complicated applications, such as a corporate travel application that allows employees to plan business trips, Cold Fusion had the industrial strength to handle both Access and Oracle Corp. databases used by the photograph equipment company. The better graphics available through Cold Fusion were also important, since Kodak is covered heavily by the local media, according to Boone. “We wanted to put the company newsletter on the intranet in a graphically pleasing format so employees would find out company information here instead of on the six o’clock news,” he says.

The more SRS’ Polsky has learned about buildings intranets, the more he has realized the company’s intranet was poorly designed in the first iteration. “Access rewards you for being a bad database designer,” he says. “You can do all sorts of flaky things and Access provides pull-down lists as a result of doing it in a half-assed way. If you create normalized data with a relationship, Access won’t create pull-down boxes in forms, so it encourages bad habits.”

As a result, he has designed a new and better database and intends to import the content from his old databases with ease. “Using Gatsby taught me better database design through positive reinforcement,” Polsky says. “I was rewarded for good design with a more rich and navigable Web interface. I wish I had designed our intranet using the database design skills I now possess thanks to Gatsby.”

The Benefits Of Native Mobile Application

For many companies, having a mobile application is a priority, and for good reason. However, it is very difficult to choose the best approach to development because there are so many options available.

There are various ways to develop mobile applications and one of them is genuine. There are various benefits associated with this approach.

What is that

This involves the creation of mobile applications for specific OS and users can access it from the app store specific. You can target iOS or Android gadgets. In any case, the programming language used is different.

Did you know the Benefits of Native Mobile Application? Best performance

When you use the native application development, the application is optimized and made for a very specific platform.

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Security

The original application happens to be safer. Typically, web applications depend on different browsers and the underlying technology.

They are more intuitive and interactive

The original application happens to be more intuitive and interactive. This means that they run smoothly when there is no output or input. Applications ended inherit interface OS devices and this is what makes them feel like part of your device.

They follow a guide that enhances the user experience and also aligns with the OS. Therefore, the application of a bit more natural flow because there is a standard user interface that is very specific to each platform.

Users can, therefore, learn their applications and can interact using gestures and actions that they already know.

They allow developers to be able to feature the Full Access Devices

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Fewer Bugs

The original application is likely to have significantly fewer bugs, especially during the development stage. It is usually difficult to maintain two applications in one of the codebases to maintain two applications in two different codebases.

When you select the original development, then it means that fewer dependencies to the occurrence of bugs. For hybrid applications, hardware accessed via a bridge, which eventually slows down development and can lead to a rather frustrating experience for users.

What Are The Benefits Of Mobile Banking?

Mobile banking is a type of direct banking service that can be accessed 24 hours a day, 7 days a week via the Internet from a cell phone (feature phone). It can be accessed through the official menu of cell phones (service providers), which makes it easy to use various services from your cell phone.

Direct banking is a service that allows you to perform various operations, procedures, and consultations by phone or via the Internet, without having to visit a branch of a financial institution.

In general, to use mobile banking, you need to log in by entering your subscriber number (account number), password, etc. After successfully logging in, you will be taken to a “special page for each subscriber,” where you can use various services (you must apply for them).

These services include balance inquiries, statement requests for deposits and withdrawals, transfers, deposit transactions, mutual fund transactions, loan applications and repayments, cash card settings, changing customer information, and more (services depend on the financial institution and are not available on all phones). Smartphones are often included in online banking and can be used through a special smartphone screen or smartphone app.

Prospects for the development of mobile banks

Apps that solve traditional banking issues are no longer enough for customers. Insurance, investment products, ordering everyday items, and digital cards – these and more can make your app stand out from the rest.

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How mobile banking works

In general, mobile banking requires a connection to the global network, less frequently, transactions are carried out via SMS command codes. Transactions can be accessed through separate phone notifications or special mobile applications. Also, in some cases, an Internet browser is required.

Modern banking institutions even have their mobile service applications. They are developed for various mobile platforms: Android, Windows Phone, IOS, etc. Mobile banking applications for smartphones are essentially a simplified version of Internet banking.

You can sign up for this service at any branch of your bank. Often, mobile banking is part of the “free” package for your card account.

Benefits of mobile banking:

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The biggest plus of such a service: saving the client’s time.

You can carry out transactions at any time convenient for you 24 hours a day. All you need for this is a mobile device, and nowadays almost all of us use our phones every day.

Accessibility

Everyone has a mobile phone, we have already talked about this. Mobile phone networks are present even in the most remote corners of Russia and the world. This means that a person can use the mobile bank in any environment, wherever he or she is, and at any time of the day or night.

Saving money

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The more you know, the better you sleep

Customers use mobile banks also for the reason that they can always monitor the movement of funds in their accounts, keep track of their safety and use information services. On the one hand, it is much easier to make banking transactions with a mobile phone, on the other hand, not a single penny is lost from your account without you knowing where it went and for what reason.

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