BANKING APPS NEED TO BE REGULATED.

http://www.theguardian.com/money/2013/aug/27/dangers-mobile-banking-regulator


Regulator warns of dangers of mobile banking
 Fraud. Be careful with your smartphone.
This kind of fraud happens through apps of mobile banking services what have achieved popularity among its users.
common mistakes make you fall in this annoying situation. limitations of smartphone keyboard has made users get credits and painful headaches.
“ The Financial Conduct Authority said that while mobile banking was an "exciting development" and rapidly growing in popularity, it wanted to make sure that consumers were aware of the potential hazards, ranging from technical glitches to the increased chance of human error resulting from the small screens and "limited" keypads of many phones. It will be testing some of the leading services to make sure users are being adequately protected. “
have launched mobile banking services and apps, allowing customers to check their accounts, transfer funds between accounts and make payments using their mobile phone or tablet. Some, such as Barclays, have also launched services that let people send and receive cash via their phones.
Studies shows that one in five UK adults had made a payment using their phone, while more than one in four uses their mobile to check their bank balance. But there have been problems; in March 2013, an IT error left customers of NatWest, Royal Bank of Scotland and Ulster Bank locked out of the banks' mobile apps for several hours.
The regulator said the risks it was highlighting had not "in most cases" resulted in problems for consumers, "but they do have the potential to do so if not suitably addressed".
So… you have to care your acts with your smartphone because you could make a mistakes, what can generate a lot of problems to you.