StudentShare solutions
Triangle menu

3 - Essay Example

Nobody downloaded yet
It is worth noting that Hello Money, like other mobile banking services, is different from mobile payments, which entail the use of the mobile devices to pay for goods. Mobile banking is performed through mobile web or SMS. The service has been particularly facilitated by the evolution of an array of technologies, such as smart phones and web based technologies, which create the allowance for installation of special features that support mobile banking. The full adoption of the mobile banking implies that accounting systems would be automated and this would significantly accounting workplace. The crucial question is then how these changes would affect the banking environment workplace. The trending developments regarding mobile banking is well documented. According to SWIFT (2005), mobile banking is still considered as one of the pertinent topic in the finance industry, as well as for banking institutions. This has been exacerbated by the growing ubiquity of mobile phones across the global population. In a population of about 7 billion people, as many as 5 billion people will be in the possession of mobile phones. At the same time, out of all that population, only 2 billion people will be holding the bank accounts. Consumers are now increasingly using their mobile phones in making payments and bank their money. Mobile banking is described as a growing business, with users expected to increase to about 900 million while the transaction value is expected to exceed 1 trillion dollars by 2015. Many banks have come up with brands of mobile banking. However, the main concerns are the inherent challenges. Various entrants, such as PayPal, Vodafone and Google are looking to mobile banking and transactions. However, the business is still immature, considering that only a few initiatives have succeeded in attracting a significant base of users. In other words, the service is still marred with a lot of uncertainties. There legal framework to govern the operation of the service is also yet to be established and some banking institutions are raising eyebrows about lack of expertise to see the service become successful. Technological developments are calling for the need for the establishment of business partnerships with the financial institutions while others perceive it as that filled with a lot of uncertainties (SWIFT 2005). These uncertainties are what should be a thing of serious concern for the accountants. A study conducted by the Federal Reserve Bank of Boston (2013) aired various concerns about the respondents regarding the online banking service. Over 75 percent of the respondents aspiring to embrace mobile banking or those who have embraced mobile banking cited security challenges as the serious issue. Well over 50 percent of those wishing to embrace the money banking service cited that the main challenge to mobile banking is the costs of implementation cost, in addition to security challenges. There were other categories that pointed out the issue of unreliability of the mobile service coverage, as well as limited knowledge about how the services operate. Indeed, the coverage of mobile phone network and services can be an issue of great concern and is associated with technical hitches such as dropped calls and incomplete transactions that can affect the experiences of the consumers. Indeed, as far as security is concerned, the mobile banking security is multi-fold, considering that it pertains to the protection of information in the ...Show more
Cite this document
  • APA
  • MLA
(“Essay 3 Example | Topics and Well Written Essays - 1250 words - 1”, n.d.)
Retrieved from
(Essay 3 Example | Topics and Well Written Essays - 1250 Words - 1)
“Essay 3 Example | Topics and Well Written Essays - 1250 Words - 1”, n.d.
  • Cited: 0 times


The Impact of Mobile Banking on the accounting Profession in Banking environment Name Institution The Impact of Mobile Banking on the accounting Profession in Banking environment The evolution of the world has been accompanied by various technological developments…
Essay 3
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Essay 3"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Essay 3
Many artifacts from ancient to modern times provide evidence of society’s commemoration of their dead, but the most widespread of these are the very tombs and resting places of the deceased. This report aims to produce an overview of the various objects and artifacts which have become mute witnesses to the lives and accomplishments of those who have passed on.
4 pages (1000 words) Essay
Reflection and Analysis
Most assuredly, my second essay on increasing fuel prices sought to draw the controversy manifested in the United States over the proposal to increase fuel prices. It sought to show the audience the different sides of the controversy by deducing the pros and cons of such a plan.
5 pages (1250 words) Essay
Essay 3
On 26th March, Justice Antony Kennedy, a renowned pro-gay judge at the capitol dome ratified gay marriages allowing gay partners to have join insurance policies and therefore live like life time partners as any other sexually upright American citizen. The American society comprises of people from diverse background, to accommodate the diversity in its population, the county has a liberal social structure that safeguards the people’s freedom and rights to choice.
3 pages (750 words) Essay
Essay 3
According to Carr, the cost of obtaining a Bachelor’s Degree has risen to a whopping $100,000, which leaves students with significant debt burdens and there is even concern in academia that the quality of traditional campus education has been reduced, which leads to unacceptable drop-out rates and sentiment from students that have been engaged in these courses that their traditional educational experiences do not provide long-term value (Carr 34).
3 pages (750 words) Essay
Essay 3 and Module 8
This goes back to referring of the tradition when goats were given to award people at the religious festivals. Since then the word tragedy is used for the dramatic presentation of high seriousness and noble character that is the human
5 pages (1250 words) Essay
Peer Reflection Response: Essay #3
If this happens, then there really is no point in writing it. A better thesis would have been: “In the video ‘Love The Way You Lie’ by Eminem and Rihanna, the singers, actors, and producers all display anger
2 pages (500 words) Essay
A heraldic shield usually represent, differ rent aspect of human personality like courage, honesty, beauty, grace and charisma. So, in order o reflect all these qualities, I chose couple of
5 pages (1250 words) Essay
Making Choices about Exigency, Genre, and Readership
2. What is the difference between creating a thesis for an essay versus creating a purpose for an essay? Why is this difference important?  Thesis is the argument of an essay which the writer is trying to prove or disprove. Thesis is the purpose of the writing. Purpose on
1 pages (250 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Essay 3 for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us