Bank of America surpasses one million mark in mobile banking
The mobile banking revolution is taking off at a quick rate. According to Bank of America, mobile banking with the company has passed the one million mark after just one year of service.
The company introduced the service in May of 2007, and allows its customers to check balances, pay bills, transfer funds, view transactions and locate ATMs. According to company statistics, viewing account balances is the most popular service, followed closely by reviewing transactions.
Lance Drummond, e-commerce and ATM executive for Bank of America, said the company will sometimes see more than 100,000 of its one million mobile banking users each day during peak high usage days. Other statistics: just over 33% of online banking users are under 35, and the top 10 markets for Bank of America’s mobile service are Los Angeles, Atlanta, Washington, D.C., Dallas, New York, Houston, Phoenix, Boston, Miami and Anaheim, Calif.
[RCR News]
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