Cardless Withdrawal System for Mobile Banking Applications

Authors

  • Calin Mihai Istrate The Bucharest University of Economic Studies

Keywords:

Mobile banking, Mobile payments, Cardless withdrawal

Abstract

With the whole world going mobile and with the threats represented by third party mobile payments, the banks need to react and offer their clients innovative integrated solutions for payments and money transfer. Mobile banking applications are more and more used, and the possibilities to expand are still open.

A cardless withdrawal solution integrated in an already developed smartphone mobile banking application might just give an edge in the fight with other competitors. By using SMS technologies for sending money to other people the appeal of such an application will rise considerably and will attract more and more clients. It is very important to keep the mobile payment endorsers as clients of the bank and not some other provider.

Author Biography

Calin Mihai Istrate, The Bucharest University of Economic Studies

IT&C Security Master Program

Department of Economic Informatics and Cybernetics

References

Bankable Frontier Associates. Managing the Risk of Mobile Banking Technologies. 2008. www.oecd.org

Gavin Troy Krugel. Mobile Banking Technology Options. 2007, [online] www.gsma.com

David Bannister, Wincor Nixdorf predicts mobile cash withdrawal explosion, [online] http://www.telecoms.com/

William Jack, Tavneet Suri. The economics of M-PESA, 2010, [online] www.mit.edu

Bob Howard, How secure are cardless cash machine withdrawals?, 2012, [online] http://www.bbc.co.uk/news/business-19845083

Vanessa Pegueros. Security of Mobile Banking and Payments. 2012, www.sans.org

Future Foundation. Money on the Move, Emerging Trends in Mobile Banking. 2010

Alex Spencer, RBS and NatWest App Lets You Get Cash Without a Card, Mobile Marketing, 2012, [online] http://mobilemarketingmagazine.com

Candice Jones, Absa debuts cardless ATM, 2012, IT Web Financial, [online] http://www.itweb.co.za/index.php?option=com_content&view=article&id=10286

Ion Ivan, Cristian Ciurea, Mihai Doinea, Arthur Avramia, Risk’s Collaborative Management in Banking Systems, International Conference on Informatics in Economy, Proceedings of the 11th International Conference on INFORMATICS in ECONOMY (IE 2012), Education, Research & Business Technologies, Bucharest, Romania, 2012, pp. 226-231

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Published

2014-03-30

How to Cite

Istrate, C. M. (2014). Cardless Withdrawal System for Mobile Banking Applications. Journal of Mobile, Embedded and Distributed Systems, 6(1), 11-16. Retrieved from http://jmeds.eu/index.php/jmeds/article/view/Cardless_Withdrawal_System_for_Mobile_Banking_Applications

Issue

Vol. 6 No. 1 (2014): Mobile, Web and Security

Section

Articles

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