Mobile Banking Helps Businesses On The Go
Americans love the power and convenience that smartphones have added to our lives as evidenced by the explosive growth of these devices. ComScore, a media measurement data firm, reports that at the close of 2016, 81% of mobile users were enjoying the benefits of smartphones, up from just 6% a decade earlier.
Business owners also are rapidly adopting smartphone capabilities. A July 2015 study from the online marketing directory services provider, Manta, notes that 80.5% of small business owners used their mobile devices for business-related purposes once a day or more, while almost 26% used them once an hour. Among the leading uses for these business owners: more than half are checking messages and communicating with customers, one-third are managing to-do lists and participating in social media, and nearly a quarter are banking.
The Mobile Banking Boom
As technology advances, businesses are using mobile banking services in increasing numbers. In July and August of 2016, market surveys from Aite Group and Raddon Financial noted that up to 68% of small businesses are taking advantage of mobile banking services with the expectation of gaining operating efficiencies and increased sales.
On the consumer banking side, a Federal Reserve report published in March 2016 found that 53% of smartphone owners used a mobile banking app, up from 43% as of 2011. Checking account balances was the most popular activity (94% of mobile banking users) while 47% paid a bill via their smartphones. A similar J.D. Power study (April 2016) noted that 42% of mobile banking customers appreciate the ability to receive alerts while slightly more than half were inclined to take advantage of special offers presented via their mobile device.
How Mobile Banking Helps Businesses Move Quickly
For businesses on the go, mobile banking has become a way to both save time and money. Eighty percent of business mobile banking users cite efficiency as a primary motivator. When daily banking functions like checking balances, verifying transactions, transferring funds from one account to another and paying bills are available at one’s fingertips, business decisions can advance rapidly. A lunchtime sales negotiation starts from a place of knowledge while an end-of-day check-in confirms that money has moved in the right direction. Using a mobile banking application can even help you locate or contact a branch office more quickly, especially when and where reception or Wi-Fi connectivity is an issue.
Security in Mobile Banking
Mobile banking security is top of mind for leading business banks. As a result, mobile banking users can be assured that top-performing business banks deploy strong encryption, multiple layers of authentication and other constantly evolving security techniques. At the same time, mobile banking applications don’t store critical account information on devices, which also offers peace of mind. Additionally, many banks are doubling down on educating customers about how best to protect themselves while enjoying the benefits of mobile banking.
Empowered Against Fraud
Overall, using mobile banking services empowers businesses to catch fraud more quickly based on the ease of checking account statuses and the ability to set up alerts and other notices. In effect, you become your own best, first-line defense against unauthorized activity.
Mobile Banking Made for You
If you’re looking to add mobile banking to your arsenal of business productivity tools, the Western Alliance Business Mobile Banking app will give you convenient access (day or night) to the financial information you need the most. You can download the app for free from the iTunes store or Google Play Store and find easy-to-use information on how to get started immediately.
With more than $25 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. Western Alliance is ranked #1 regional bank by S&P Global Market Intelligence for 2018 and in the top 10 on the Forbes “Best Banks in America” list for four consecutive years, 2016-2019. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps business clients realize their growth ambitions with local teams of experienced bankers who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. A national presence with a regional footprint, Western Alliance Bank operates individually branded, full-service banking divisions and has offices in key markets nationwide.
Recent NewsBridge Bank Upsizes Digital Turbine Credit Line to $20MMBridge Bank Opens New Office in Denver, Hires Matt Wysong and Chase LittleBridge Bank Sponsors Ninth Annual Economic Summit at San José State UniversityAgosto Secures $6.5 Million in Financing Led by Bridge BankBridge Bank Opens New Office in Seattle, Hires Tom Reimer as Senior Vice President
Recent InsightsDon't Get Hooked: How to Spot a Phishing EmailThe Biggest Trends in Hotel Franchising - 2017 EditionThe Key to Wire Fraud Prevention: Out-of-Band AuthenticationMobile Banking Helps Businesses On The GoConsider the Business Benefits of Payroll Cards — and Keep Employees Happy
Our Life Sciences group is pleased to announce that Innovative Health has upsized their credit facility to $9MM. Innovative Health is committed to helping #healthcare realize the potential of medical device #reprocessing, enabling hospitals to provide better care through savings. pic.twitter.com/bMFiLdLyyMHappy birthday, #America! Your friends at Bridge Bank wish everyone a safe and joyous celebration. REMINDER: In observance of #IndependenceDay2019, our offices will be closed on Thursday, July 4. pic.twitter.com/twQjmCVei1We would like to congratulate our client, @KIXEYE , on their recent acquisition by Stillfront. Kixeye is a leading gaming developer that makes games for gamers by gamers. Their hit titles include Battle Pirates, War Commander, and VEGA Conflict. pic.twitter.com/9RpoQ7zL13This Memorial Day, we honor and remember those who lost their lives while serving our country. REMINDER: In observance of Memorial Day, our offices will be closed on Monday, May 27. pic.twitter.com/QNA7r5hpv4We are beaming with pride in recognizing this amazing accomplishment of our client, Jessie Wooley-Wilson, CEO of @DreamBox_Learn. Congratulations, @jessieww, on winning the Big Tech CEO of the Year Award at the 2019 GeekWire Awards! #DreamBox youtu.be/WRHuuyPSAfg - about 2 months 2 weeks agoOur Technology banking group is pleased to announce their latest banking relationship with Touch of Modern, the leading e-commerce app for men to discover cutting edge products, and named one of the 500 fastest growing companies in America by the Inc. 5000 two years in a row. pic.twitter.com/4HfbJVYJaZOur technology banking group is pleased to announce their latest client relationship with @humanyze, a company that has used breakthroughs in #datascience, #AI, and #machinelearning and built organizational metrics and an analytics software platform for global 1000 companies. pic.twitter.com/zayjjFTcX3“We would like to #congratulate our client, @geteero , on their recent acquisition by @amazon. @geteero is the company that built the first home Wi-Fi system to blanket your home in fast, secure, and reliable Wi-Fi.” pic.twitter.com/Mr9NkHNnHJBridge Bank is a proud sponsor of this week’s #WomensPESummit (Mar. 13-15), which will be bringing together over 550 #privateequity and #venturecapitalists for powerful discussions and uninterrupted networking.NOTICE: All Bridge Bank offices will be closed on Monday, February 18 in observance of #PresidentsDay pic.twitter.com/TDy6fglKMF“Our Life Sciences Group is pleased to announce their latest transaction with @VeranMedical. Veran helps doctors in the early detection of lung cancer and provides precision guidance to deliver potentially lifesaving therapy.” pic.twitter.com/kdE4kjlsYk"Faith is taking the first step even when you don't see the whole staircase." ~Martin Luther King Jr. #MLK NOTICE: All Bridge Bank offices will be closed on Monday, January 21st in observance of Martin Luther King Jr. Day. pic.twitter.com/iLTBf6IuxeOur Life Sciences Group will be in San Francisco, during the JP Morgan Healthcare Conference #JPM19, the epicenter of where healthcare kicks off and sets the tone for the year. To learn more about how we help the life sciences community, visit bridgebank.com/lifesciences - about 6 months 3 weeks ago#HappyNewYear! We wish you peace, joy, and prosperity in 2019. NOTICE: All Bridge Bank offices will be closed on January 1st in observance of New Year's Day. pic.twitter.com/rMJXOSDmMdFrom all of us here at Bridge Bank, we wish you a #MerryChristmas! NOTICE: All Bridge Bank offices will close at 3 p.m. on December 24th and remain closed through December 25th in observance of Christmas. pic.twitter.com/yVBCqUGnqSWe would like to congratulate our client @Vapotherm on their recent IPO announcement. Vapotherm provides noninvasive ventilatory support to treat patients of all ages suffering from respiratory distress. They are currently listed on the #NYSE under “VAPO.”We give our thanks to you and your loved ones this #Thanksgiving holiday. NOTICE: All Bridge Bank offices will be closed on November 22nd and 23rd in observance of Thanksgiving. pic.twitter.com/2pYzqY5C8wHonoring all who have served. We thank you. pic.twitter.com/aEmnInoP9HIn less than two weeks, we’ll be joining the more than 900 tech enthusiasts, entrepreneurs, premiere investors and key executives that will be attending the 2018 Venture Atlanta Conference #VA2018 ventureatlanta.org/conference/ - about 9 months 3 weeks ago@HiddenGeniusPro we were very excited to be a part of this celebration. Thank you for the opportunity! twitter.com/HiddenGeniusPr… - about 9 months 3 weeks agoIt’s time for the puck drop! Wishing the @SanJoseSharks another terrific season in tonight’s home opener. Let’s go #Sharks!"Our business customers are looking to grow. And Western Alliance is right there with them with increased capital and increased capacity." Dale Gibbons, Vice Chairman and Chief Financial Officer ht.ly/VEfF30le3XB - about 9 months 3 weeks agoOur Capital Finance Group is excited to share that our client, Targeted Lease Capital, LLC., experts in equipment financing, has doubled the size of their credit facility. pic.twitter.com/YDV4Qa2j6x"The way we structure our credits is a point of pride in how we do business. It's part of why our customers see us as dependable and mutually supportive." Kenneth Vecchione, Chief Executive Officer ht.ly/M3ZO30l9R03 - about 10 months agoWe understand that no two businesses are exactly alike. That's why Western Alliance bankers tap a sophisticated suite of customizable banking products and services designed to help companies meet their unique goals. ht.ly/XgRy30l9QPL - about 10 months 6 days agoAll of us at Bridge Bank wish the @SanJoseSharks a great preseason game tonight against the Anaheim Ducks!Your friends at Bridge Bank wish everyone a safe and wonderful #LaborDay! REMINDER: In observance of the holiday, our offices will be closed on Monday, September 3. pic.twitter.com/KZT0XnTd21Our #LifeSciences team is delighted to share its most recent transaction with @OmniGuide, a manufacturer of advanced energy surgical systems. OmniGuide’s pursuit is better outcomes and a safer, more seamless surgical experience. pic.twitter.com/yrMKaMtDS5Bridge Bank is a proud sponsor of the @EastBayHaasAlum. Tonight they host their Annual Party welcoming new @BerkeleyHaas students. Alumni will also be present for stimulating conversation and networking. We send these students our best wishes as they embark on their journey.