The growing popularity of mobile banking apps has been highlighted with news that more consumers will use their apps than will use a computer for banking purposes as early as 2019.
According to industry analyst CACI, 22 million people last year managed their current account from their phone.
And it is now predicted that 35 million people, or 73% of the adult population in the UK, will by 2023 bank via a phone app.
This means that customers will now generally visit a bank branch just twice a year.
The biggest increase in mobile app users will be seen in smaller coastal towns and rural areas because of poor broadband access which means users navigate towards mobile networks.
In a report, CACI says: “Mobile is quickly becoming the digital channel of choice and replacing online banking for many customers.”
Steam’s plans for iPhone blocked by Apple
A bid by Steam to launch a new app for iPhones has been blocked by Apple.
Industry watchers say this is a sign that Apple is increasingly serious about its ability for taking a slice of digital purchases that are made inside games on mobile devices.
Steam was planning to use a free app for gamers to play on their mobile phones when away from the desktop.
Now, Apple has blacked blocked the Steam Link app with Steam saying they hope the firm will reconsider in the near future.
App for monitoring children leaks data
The TeenSafe phone monitoring app has been leaking thousands of Apple ID account logins, says ZDnet.
The popular app helps parents keep track of their children’s phone activity but tens of thousands of account details have been breached.
The app promotes itself as a secure monitoring offering available on iOS and Android to enable parents to check their children’s messages as well as their search and calling history. The app also keeps track of their location.
However, ZDNet says that the apps servers – which are hosted on Amazon’s Web Services cloud platform – have been left unprotected which gives anyone access to the user database without having to use a password.
TeenSafe says it’s now closed one of its servers and is now informing customers that may have been affected.
Mobile app fraud transactions rocket
The number of fraud transactions involving mobile apps has rocketed by 680% since 2015.
The figures come from RSA Security who say that while the number of mobile app transactions has risen by 200% over the same period, fraudulent activity has risen by a much larger amount.
The firm says it is only natural that hackers follow the sharp rise in legitimate app transactions and are targeting mobile channels for fraud purposes.
They say that businesses and consumers alike need to beware of potential fraud risks with their mobile phone apps.
In other mobile phone app news
Twitter has unveiled its range of new emojis to help Android users using their service as their outmoded emojis are not showing up properly online. The ‘Twemojis’ will now display as well as they do on Apple iPhones on Android devices.
A new mobile phone control lock called Klevio One will help estate and letting agents dispense with using keys to gain access to a property since owners can grant access remotely. The system uses electronic keys to give others access.