Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Fiserv Paper Discusses ROI of Mobile Banking
BROOKFIELD, Wis. (6/11/13)--Mobile banking users were found to have deeper, more cost-efficient relationships with their financial institutions than users who had yet to use the mobile channel, according to a new white paper from Fiserv.

The paper, "Next Generation Mobile Banking: Transactions Increase Potential ROI," shows how credit unions and banks can step up their efforts to achieve sustained return on investment from mobile banking.

Among the value that mobile banking users offer financial institutions:

  •  Member retention--Mobile banking members have deeper relationships with their financial institutions and have been proven to be among the least likely to leave the credit union or bank. This increased member/customer stickiness can result in measurable recurring revenue for financial institutions.
  • Reduced channel costs--Mobile banking enables the migration of members/customers from high-cost offline channels, such as the call center and branch, to the lower-cost, higher-convenience mobile channel. To project savings, financial institutions must first know the average transaction costs of each banking channel and determine how the expense will be offset by diversion to the mobile channel.
  • Transaction generation--Mobile banking use encourages value-generating activities such as debit card usage. In a TowerGroup/SunTrust study, mobile banking users demonstrated the propensity to make more debit card transactions per month, likely because they were better able to validate their account balances from mobile devices when making purchases at the point of sale.


RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
18 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
19 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
19 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
19 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
19 hours ago