Mobile wallets are growing rapidly in popularity, but to use one, you've had to have a bank account or credit card. Soon, though, even the unbanked will have access to mobile payment technology, thanks to the new FlipMoney app from PreCash.
It's easy to feel like accessing your bank accounts via a smartphone must be risky. It could be stolen! Or hacked! But IT security experts say mobile banking is actually more secure than online banking from your computer.
It's call remote deposit capture technology: Snap a smartphone picture of a check, and deposit it electronically. And while only 3% of banking customers use it now, it could be the killer app that lures most of us into online banking.