Small Biz Mobile Weakness Is PF Strength

Forget online banking, from old-fashioned desktops and tablets. New stats show that transactions and financial interactions from mobile-only banking alone last year surpassed those done in physical branches, according to figures published Tuesday (Jan. 12) by Javelin Strategy and Research.

But as much as this reaffirms conventional wisdom that mobile is taking over almost all forms of payments, it’s far from universal. This banking mobile embrace is distinctly not happening with smaller community banks as they mirror the same mobile problems that are plaguing small businesses in just about every other vertical. And therein lies the PF opportunity.