" Current Trends in Mobile Banking Research Issues"
Mr. Krishna Murthy M. S1, Er. Bedre Heeramani 2, Er. Bedre Nagaraj3 1 Finance Manager , Industry, Shivamogga pushpa.bedre@gmail.com 9663055126
2Lecturer Computer Science Dept.,Sahyadri Science College(Autonomous),Vidyanagara, pushpa c/o Sri Erannaswamy,Infront Anjaneya temple,Lig24,Vinobanagara, Shivamogga uerannanagaraj@rediffmail.com 9663055126
3Lecturer Computer Science Dept., Sahyadri Science College(Autonomous),Vidyanagara, pushpa c/o Sri Erannaswamy,Infront Anjaneya temple,Lig24,Vinobanagara, Shivamogga nagarajbemtech@rediffmail.com 9482728145
Abstract:
Banking sector plays vital role in modern business. The advancements in the field of Electrical, Electronic and Computer Science Engineering has resulted in drastic changes including look and feel to customers of Bank. At one side technology is providing various banking facilities at finger tips using mobiles. But another side it has several research dimensions for providing effective, accurate and quality of banking services. This paper focus on the current trends in mobile banking research issues.
Keywords:
Network, Password, Security, Service, Transactions.
1. INTRODUCTION:
The spread of mobile phones across the developing world is one of the most remarkable technology stories of the past decade. Buoyed by prepay cards and inexpensive handsets, hundreds of millions of first-time telephone owners have made voice calls and
In 2008, sales of cell phones across the world reached 1.28 billion (Solomon, 2011). As the cell phone industry grew, so did their features. Now, cell phones come equipped with GPS tracking, various types of applications (apps), e-mail programs, usage of the Internet with high speeds, and cameras. Different cultures have different wants and needs for what they desire in a phone.
In past years, BofA has been discussing the bank’s mobile strategies concerning mobile banking and how to incorporate mobile banking that is specific to the customer’s
ii) Marketing strategies can be segmented into different types of clients. This increases efficiency and reduces costs.
In the modern-day world, there are about 6.8 billion cell phone subscriptions. Mobile telephones have really changed the way we do things in our daily life. Before cell phones were invented individuals were more interactive with each other. In the late 1900’s, Martin Cooper invented the first mobile telephone. Today we have a variety of mobile phones to choose from such as Apple and Samsung. Widespread cell phone use has definitely affected the world negatively because it is a distraction, can be harmful, and addicting.
The change and advancement in technology are a significant factor in the banking business. Technology has led to tremendous improvements in this industry. Since the commencement of this millennium, people have shown great love for their mobile phones (Ozaki 1992). It necessitated the invention of mobile applications (APPs). From the introduction of the mobile banking, APP people rarely go to the banks. All their transactions get done simply by the stroke of a finger. Businesses face a challenge of adapting to changes in the technology sector. Mobile banking either through actual investing or any other means is on the rise.
Technology has advanced over the years, causing our lifestyle to change drastically and head down a new path. With these advances in technology, the cell phone appeared and has evolved throughout time. The cell phone has become a necessity to many. All ages use this mobile device for either personal or business use. Higgins states that the amount of cell phones active has increased from “one billion in 2000 to 6 billion.” Although cell phones play an important role in the lives of many, the negative possibilities could cause destruction to our society.
Cell phones are extravagantly more popular in this day and age than any other type of communication. The cell phone was originated April 3rd 1973, by a man named Martin Cooper. It is absolutely insane that more people have cell phones than a toilet. In my paper I will tell why cell phones are popular, why they are essential, and the effects of them. It is absolutely insane that more people have cell phones than a toilet. Essentially cellular devices are sold daily, and are sold at every moment.
Campbell and Rich Ling also demonstrate some of the unintended and transformative social consequences resulting from the mobile phone when stating, “social change that come out of the diffusion and use of mobile telephony, including changes in how people coordinate their daily lives, carry out social relations, make private use of public space, etc” (Campbell and Ling 602). Therefore, the mobile phone also contains politics through its power to drastically alter society and subsequently affect political and social relations by not fixing a problem, but creating a new one. For example, a more outright and negative political implication of the mobile phone can be seen in how it has become increasingly exclusive to only certain social groups due to price barriers affecting lower income families as well as poorer and less developed countries. Consequently, the mobile phone has developed characteristic associated with being political through its external consequences in addition to having inherently political
Therefore, it is essential to address issues like security of the banking transactions that are executed from a distant place and transmitted over the air. Besides this, it is also important to ensure the security of financial transactions, if the device is stolen by hackers. If these concerns are properly addressed, then it would help increase the popularity of mobile banking by instilling a sense of trust among the customers.
Have you ever wondered what would the world resemble in the event that we didn 't have any cell phones? Why is it that we get out of our comfort zone when we do not have access to our phones? Nowadays, cell phones have such a noteworthy effect on our day to day lives, and we owe it to the advancement of technology. In this research paper, we will take a closer look at this phenomenon by examining the evolution of cell phone devices, and it’s effects on society.
In many developing countries it's common for a person to have a mobile phone but not a bank account. In fact, more than 1 billion people fit this description, and the number is only likely to increase. To that end, many companies are considering how to give residents access to banking services via their handsets. The GSM Association predicts that by 2012, nearly 300 million of the previously "unbanked" will be using some form of mobile banking.
Mobile phones have become a necessity for life, and without this thin gadget, many people would feel incomplete. We now use mobile phones in our everyday life as a phone, voice recorder, diary, alarm clock, watch and for making and confirming appointments, dealing with clients etc. Mobile phones are for many, fundamental when organising their lives. Mobile phones are not simply an electronic gadget, and it is difficult to define in one way about the usage of mobile phones. With the advances of technology, mobile phones are becoming a way of life. Mobile phones are not used as just communication tools but are also considered as devices which have strong communication networks along with the other functionalities such as audio solutions, FM
We are living in an electronic age. The whole world is taking a new turn with every fraction of time. It has given birth to globalization. The world has been contracted and concise at a tip. There are a lot of new means of communication which have made our life so simple and easy going. Mobile phone be the most used present-day phenomenon in this fast-growing time. Mobile phone is a revolutionary step in the field of tele-communication. We had the days when the telephones only served the purpose of communication through sound. Mobile phone has completely changed the concept of the telephoning. Now a phone is not only a mere phone but it is a lot. The mobile phone has changed how people’s minds work.
Since the beginning of the industrial revolution, the world has become a smaller place. The time used to travel to far distances has diminished; with the growth of new technologies, traveling and communicating have become simple daily tasks for many people. Through the growth of global communication, people have become closer to others across the globe, and business has gone world wide. One invention that came along with the technological revolution is the cell phone. Cell phones allow us to be reachable anywhere at anytime, letting us communicate even during travel. As time becomes more valuable for people, the importance of accessibility to communication also increases. With cell phones, the communication and
For service providers, Mobile banking offers the next surest way to achieve growth. Countries like Korea where mobile penetration is nearing saturation, mobile banking is helping service providers increase revenues from the now static subscriber base. Also service providers are increasingly using the complexity of their supported mobile banking services to attract new customers and retain old ones.