Onsharp

Droid, BlackBerry, iPhone. Whatever you have, you might be asking yourself the title of this blog. I'm sure there are times you've needed to transfer funds before a big purchase, make a payment, or check a balance and you were nowhere near a computer (maintaining that smart phones are just phones).  Whether you are hesitant to begin using your phone for banking or you do, hesitantly, use your phone to move your money, there is a plain and reassuring answer from e-business director at Discover card, Steve Furman in this article

  "the likelihood (of fraud) is no greater than using your desktop browser,"

There are three main reasons why:

1.You can protect your information

Ensure your device does not automatically sign you in to your bank's app or site. In the case your phone is stolen, your funds will not be harmed. Also protect your user name and password by not allowing easy access to the information (i.e. user name and password written on paper). 

2.Security Technology

The financial industry has invested a considerable amount of dollars into the protection of your sensitive information. Also, you are protected 100% against fraudulent activity on your accounts at many different banks and credit card companies

3.Hacks and Trojans just aren't there yet 

Simple enough. The technology is new so that devious hackers and computer criminals have not yet created malware or viruses to gain access via your mobile device. In an article from cnet News,

"...the consensus is that it's probably less risky than using checks, which can be forged, and credit cards, which can be stolen or skimmed at ATM machines for clones to be made."

Of course what it all comes down to is being safe on the internet; which nearly all of us are aware of how to keep information private.  How safe is mobile banking? It's safe. So now the decision is up to you. Mobile banking or standard banking? We'd love to hear your thoughts below in our comments!

By the way: Does your business have a mobile website? Onsharp can help!