News stories featuring Citi:
October 3rd, 2016
US bank Citi has become the latest to join Early Warning’s bank-led digital payments network ClearXChange. The move will enable its customers to send or receive real-time P2P payments to or from users of participating financial institutions. The service was made available to all member financial institutions in June 2015 and is reportedly in the process of rebranding as Zelle. Citi will introduce the P2P functionality in early 2017.
July 18th, 2016
Mastercard has unveiled an enhanced version of its Masterpass digital payment platform, adding in-store NFC mobile payment capability to the service that has so far only been available for online and in-app payments.
June 16th, 2016
Samsung is extending its global collaboration with Citi to deliver Samsung Pay within the Asia Pacific region, specifically in Singapore and Australia. “The partnership marks a new addition to Samsung Pay’s extensive portfolio of major payment networks and banks,” Samsung says. “Further additional markets will be added to the network in the coming months.” Samsung Pay launched in Australia earlier this week and began rolling out across Singapore this month.
October 27th, 2015
Citi has begun testing a screenless, cardless ATM concept developed by Diebold that lets customers make transactions using their mobile device instead of a plastic card and authenticate themselves using NFC, QR or an iris…
October 1st, 2015
Six in ten US payment cards (60%) will include an EMV chip by the end of 2015, research from the Payment Security Task Force shows, and that number will grow to 98% by the end of 2017. Task Force members include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.
September 28th, 2015
Samsung Pay has launched in the US today after going live in Korea in August 2015, where it racked up a total 1.5m transactions in its first month. It launches with support from American Express, Bank of America, Citi, US Bank, MasterCard and Visa, with mobile network operators Sprint, US Cellular, AT&T and T-Mobile on board. Verizon Wireless has yet to announce its support.
September 10th, 2015
Google has begun rolling out its Android Pay mobile payment platform across the US today. In-store NFC mobile payments using the system will be possible at more than one million locations within the next few days, with in-app payments and loyalty expected later this year.
October 29th, 2014
Samsung will launch a mobile money transfer service in Korea at the end of this year in partnership with mobile payment service provider Yelopay and six banks, Korea Bizwire reports. “Samsung Wallet, which used to be used only for coupon services and app cards, is now transformed into [a] fintech service platform,” the article says, noting that users can send up to 100,000 won at a time through the service. “The six financial institutions including Kookmin, Shinhan, Woori, Nonghyup, Citi and Korea Post Office reportedly have announced collaboration with the electronics company, but it plans to expand to all financial organisations.”
September 9th, 2014
UPDATED The new iPhone 6 and iPhone 6 Plus will include support for NFC, Apple has announced. The NFC functionality will let users make Apple Pay mobile payments in stores.
August 27th, 2014
Financial services giant Citi has launched a digital wallet that uses MasterCard’s MasterPass technology to let US credit card holders “more quickly and conveniently make purchases at thousands of online merchants”. Customers who sign up for Citi Wallet will “no longer have to enter their credit card, billing and shipping information when making purchases,” the bank says.
August 21st, 2014
More than 575million EMV payment cards will have been issued by the end of 2015 by nine leading US card issuers who are members of the Payments Security Task Force (PST), an organisation set up in March 2014 “to drive executive level discussion that will enhance payments system security”. Members of the PST include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.
July 17th, 2014
Visa Inc is replacing its V.me digital wallet service with Visa Checkout, a new payment service that enables consumers in the US, Canada and Australia to pay for goods online, on any device, in “just…
November 1st, 2013
Mobile network operator 3 Hong Kong and Citibank Hong Kong have launched the 3 Citi Wallet, an NFC mobile wallet solution for customers of the carrier who also have a Citibank Visa credit card. From…
January 28th, 2013
Citibank is to issue contactless payment stickers to all new customers in the Czech Republic of its Citi Life, Citi Life Metropole, Citi Broker Consulting, Citi Billa and Citi CSA credit cards from February 2013. The stickers will also be available on request to existing customers. The move follows the launch of a similar service in Hungary in October 2012.
October 23rd, 2012
Citibank Hungary has begun offering contactless stickers to holders of its Citi Life, Shell Citibank and Magyar Telekom Citibank cards. The MasterCard-branded stickers can be used at any merchant equipped to handle PayPass transactions.
October 22nd, 2012
The second commercial NFC service to go live in Poland this month has the backing of five banks and supports payments via both debit and credit cards.
March 26th, 2012
Vivotech has completed a Series D funding round, bringing the total the NFC and contactless specialist has raised to date to US$96m. New sales figures for the company’s POS terminal business have also been released….
December 2nd, 2011
Dickson Chu, the high profile head of digital networks at Google Wallet financial services partner Citi, has left the banking group to head up a new merchant solutions division at local deals provider LivingSocial. In his new role the former PayPal vice president “will develop and promote products and services to meet the marketing and operational needs of local merchants.”
October 17th, 2011
Citigroup and América Móvil have created a US$50m joint venture to explore opportunities in mobile payments and banking. The venture, called Transfer, will open in Mexico before rolling out to other Latin American countries. América Móvil, Latin America’s leading wireless services provider, operates in 18 markets and has more than 225 million mobile customers.
September 19th, 2011
The first public version of the Google Wallet app is being sent out to Sprint customers via an over-the-air software update today.
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