Financial institutions can now offer a variety of mobile banking options for customers.
Banks like Chase have resorted to the use of mobile banking applications due to the increased opportunities that they present for building a client base. When a bank decides to use electronic systems to create a mobile banking application, it must be aware of privacy concerns, technology patents and risks presented by this technology. This white paper addresses the concerns that bankers and attorneys charged with representing the best interests of financial institutions should keep in mind when dealing with issues relating to mobile banking applications.
Learn what IT infrastructure is required to support mobile banking applications.
Identify the different security concerns involved with mobile banking and how to handle them.
Review different disclosures that are required.
Discover legal issues associated with the use of mobile banking applications.
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