Online Banking Grows on Mobile Devices/The Internet and ATMs Replace Branches and Tellers, Business and Industry Trends Analysis

A growing number of internet users are doing their banking via mobile phone.  There has been steady, significant growth in mobile banking.  Smartphones can handle deposits and transfers between accounts, in addition to bill paying, which can be done by using the phone to take a photo of a monthly payment coupon.  Texas-based First Financial Bank saw 53% of its active mobile users download a bill payment app in the first 24 hours of availability. Banks have learned that combining the convenience of online banking with a chain of branch locations and ATMs allows them to fill the entire range…

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