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    Digital banking

    News about Digital banking.

    Apple Pay offered for HSBC Singapore customers

    December 1st, 2016

    Apple Pay is now available for HSBC Singapore customers holding Visa and MasterCard credit cards, allowing them to make payments in stores with Visa payWave or MasterCard contactless payment terminals. “We believe the security, privacy and convenience Apple Pay brings will appeal to all our customers, especially those who are also active users of our digital banking services,” says Anurag Mathur from HSBC Singapore. The bank is offering S$5 (US$3.50) off every Apple Pay transaction until 15 January 2017, with a minimum spend of S$10, as a promotional offer.

    Emirates NBD to launch digital bank for millennials

    June 6th, 2016

    Emirates NBD has announced plans to launch the UAE’s first digital bank targeted at millennials as part of its commitment to invest AED 500m (US$136m) in “digital innovation and multichannel transformation” over the next three years. The digital bank will offer customers “the next generation of self-service money management with useful tools and applications,” the bank says.

    Telefonica and Fidor Bank to launch mobile bank in Germany

    May 13th, 2016

    Mobile network operator Telefonica is to launch a mobile banking service in Germany this summer using technology supplied by Fidor Bank. Customers who sign up for an account will receive an O2 MasterCard for cash withdrawals and shopping, and a mobile app that will allow P2P transfers. “This cooperation is the first disruptive alliance in Germany between a telecommunications company and an innovative digital bank,” says Fidor Bank CEO Matthias Kröner.

    Half of Canadian bankers not yet ready for mobile payments

    September 11th, 2015

    Nearly half of Canadian banking executives (46%) do not think they have the IT infrastructure systems and processes in place to meet present and future customer expectations for mobile payments, research from telecommunications provider CenturyLink reveals. “70% said they don’t have the infrastructure in place, or it needs improvement, for digital channels,” the company adds.

    Gulf Bank brings contactless POS with NFC

    September 3rd, 2015

    Gulf Bank has become the first bank in Kuwait to launch contactless POS terminals capable of accepting NFC payments, following a partnership with electronic banking services company Knet and MasterCard. The service will be available at Costa Coffee stores across the country and will be rolled out to other outlets.

    Lloyds Bank authenticates customers with contactless ‘tap to bank’ service

    July 6th, 2015

    Lloyds Bank is testing a ‘tap to bank’ service that lets its mobile banking app users tap their contactless debit card against their NFC phone to authenticate themselves during the mobile banking registration process. The process replaces… More

    Intelligent Environments replaces PINs with emoji passcodes

    June 16th, 2015

    Software provider Intelligent Environments has launched an emoji-only passcode system that lets consumers log into their bank’s mobile app using four emoji characters instead of traditional PINs. Emoji Passcode has been integrated into Intelligent Environments’ Android digital… More

    Wintrust lets customers withdraw cash with their mobile phones

    January 12th, 2015

    Wintrust Financial is updating its fleet of 190 ATMs in Chicago to enable its mobile banking customers to withdraw cash by requesting money on their smartphone then scanning an on-screen QR code when they get to the ATM.  More

    Westpac adds fingerprint access

    December 8th, 2014

    Westpac customers with an Apple iPhone, Samsung Galaxy S5 or Note 4 incorporating a fingerprint sensor will be able to use the technology to log into their mobile banking app from January 2015, the Australian bank has announced. “This is the next step in moving forward our already successful digital banking service Westpac Live which has been used by over 2.9m customers to manage their accounts on the move,” says the bank’s Jason Yetton.

    Consult Hyperion demos EMV mobile payments over BLE on an iPhone

    July 22nd, 2014

    UK payments technology specialist Consult Hyperion has unveiled a proof-of-concept solution that uses Bluetooth Low Energy (BLE) and host card emulation (HCE) to enable both iPhone and Android NFC phone owners to make MasterCard, Visa… More

    PayPal pays next day

    July 11th, 2014

    PayPal is piloting Next-Day Settlement (NDS), a new service that cuts the time taken for transfers between a merchant’s PayPal account and their bank account from the usual three or four days to 24 hours. “We’ve been working with our banking partners to optimize processes on both their end and ours so that we can make the 24-hour transfer a reality,” PayPal says.

    British Banking Association reports on UK’s banking ‘revolution’

    July 9th, 2014

    Mobile and internet banking in the UK is now being used for transactions worth nearly £1bn a day and totalling £6.4bn a week, up from £5.8bn last year, according to an industry-wide report on how… More