Latinos Cited Security As Main Reason For Not Banking Via Mobile Devices

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In this Wednesday, Jan. 5, 2011 picture, Tyrell Coley, 21, holds his iPhone displaying his Twitter account in the Queens borough of New York. As mobile technology puts computers in our pockets, Latinos and blacks are more likely than the general population to access the Web by cellular phones, and they use their phones more often to do more things. But now some see a new "digital divide" emerging _ with Latinos and blacks being challenged by more, not less, access to technology. (AP Photo/Frank | AP

As financial institutions urge their customers to bank anywhere anytime by using their phones and tablets, a new survey finds that Latinos don’t trust a mobile device to keep their funds and personal information secure.

Some 44 percent of Latinos said they don’t turn to mobile banking because they are worried about information security, data released on Tuesday by Zpryme and ThinkNow Research shows.

Read the whole story at National Journal

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