Consumers in the USA will be able to open mobile-first checking and saving accounts with 11 banks and credit unions from within Google Pay from 2021, Google has revealed in a blog post that also announces the launch of a redesigned version of the Google Pay app for both Android and iOS... More
Members of Michigan State University Federal Credit Union (MSUFCU) in the USA are to take part in a three-month pilot scheme to test the use of dynamic CVV codes when making online or in-app purchases with their credit card... More
The weekly volume of mobile wallet debit card transactions in the USA has increased by 70.3% compared with this time last year, while weekly mobile wallet credit card transactions have grown by 50.4% over the same period, according to the PSCU’s latest Tracking Transaction Trends report... More
Leaked screenshots of a new Google Pay debit card, to be issued by banks partnering with the search engine giant for its planned move into the US banking market, include mention of an option to use a digital version of the card “for Bluetooth mobile payments”... More
Canadian credit unions expand mobile payments with Interac Debit on Google Pay — Canadian Credit Union Association — “The Canadian Credit Union Association (CCUA) announced today that Access Credit Union (MB), Affinity Credit Union (SK), Assiniboine Credit Union (MB), Innovation Credit Union (SK), Prospera Credit Union (BC), Servus Credit Union (AB) and Steinbach Credit Union (MB) are the first credit unions in Canada to launch Interac Debit on Google Pay.”
US consumers will be able to start signing up for checking accounts from within Google Pay in mid-2020, Google has told the Credit Union National Association (CUNA)... More
Google is to begin offering checking accounts to consumers from next year, in partnership with banks and credit unions, according to The Wall Street Journal... More
Central 1 launches integration for secure digital solution for financial institutions — Central 1 — “The seamless integration of Central 1’s product means financial institution customers can access additional online services using their existing digital banking credentials, providing fewer complex logins to remember and simplifying login access for over 80 government websites.”
Mastercard Inc CEO Ajay Banga on Q4 2018 results — Seeking Alpha — “We’ve received commitments from issuers representing approximately two thirds of our total US consumer volume to issue contactless cards within the next two years. This includes Citi, Capital One, KeyBanc, Santander, HSBC and others. We’re also working with leading processors like FIS to bring contactless to smaller issuers and to credit unions.”
Debit card study offered by Co-Op Financial Services highlights debit trends to watch in 2019 — Co-Op Financial Services — “A total of 55% of survey respondents have experienced increases in the number of debit cards enrolled in a mobile wallet like Apple Pay, Google Pay or Samsung Pay. Also, 53% have experienced increases in the number of debit cards transactions coming from the mobile wallet channel.”
Over 20 financial institutions in the US, Europe add support for Apple Pay — Apple Insider — “Apple added another 22 banks and credit unions to its roster of Apple Pay-supporting institutions in the United States, with the new additions to the collection joined by a number of European institutions… The latest batch of institutions to join the Apple Pay support page are, like the last update, made up of regional banks and credit unions.”
Banks offering Early Warning’s Zelle P2P payments platform processed more than 170m P2P payments in 2016, totalling US$55bn in aggregate transaction value... More
Apple has added 14 banks and credit unions to its list of financial institutions in China supporting Apple Pay, and a further 30 in the US... More
More than 30 banks and credit unions in the US have added their support for Apple Pay, as well as five more in Australia... More
Fintech firm Fiserv has collaborated with Gesa Credit Union in the US to introduce palm-vein biometric authentication into Fiserv’s DNA account processing platform — the first palm-vein authentication solution implemented by a US financial institution... More
Google has added an additional 30 banks and credit unions to its list of Android Pay supporting financial institutions in the US... More
Motorists using the GC Express gas station in Caro, Michigan, are being offered a free coffee or drink whenever they pay for fuel purchases of US$10 or more with Team One Credit Union’s mobile banking app. More
Apple has added a further 13 banks and credit unions to its list of Apple Pay supporting financial institutions in the US... More
Google has added a further 19 banks and credit unions to its list of US financial institutions that support Android Pay... More
Google has begun rolling out its Android Pay mobile payment service in Australia with support from American Express and Visa. The service will be available from 27 banks and credit unions at launch and from an additional seven financial institutions “soon”. MasterCard support is expected “in a few days”. More