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Mobile banking

News about Mobile banking.

Emirates banks move towards mobile wallets

December 9th, 2014

The UAE Banks Federation has announced the completion of the pre-implementation phase of a project to develop a mobile wallet platform that all its 51 member banks will be able to use to offer P2P, mobile payments and loyalty programs to their customers. “Participating banks will have the choice to link with this application or integrate the system with their own internet and mobile banking platforms,” the federation says.

Mobile payments platform Sixdots goes live with multiple banks in Belgium

December 8th, 2014

Customers of nine banks representing 80% of the Belgian market can now make use of Sixdots, a mobile wallet service that uses a combination of QR codes and a six-digit PIN to make payments in… More

TD Bank partners with Moven

December 2nd, 2014

Toronto-Dominion Bank is expected to announce a partnership with New York based banking app maker Moven to help its customers use their smartphones to keep track of every purchase they make, The Globe and Mail reports. “Moven’s app works in much the same way as health-tracking apps,” the article explains. “The service allows users to make purchases using their smartphones as mobile wallets, but also keeps track of every purchase. The result is an instant analysis of the user’s financial health.”

Scotiabank adds smartwatch app

December 2nd, 2014

Canada’s Scotiabank has launched a Quick Balance app for the Samsung Gear 2 and Samsung Gear S smartwatches that lets customers check their account balance with a swipe of the screen. “We have seen a definite shift in the way consumers are interacting with our products and services,” says the bank’s Jeff Marshall. “It is our goal to stay ahead of the curve by developing self-service banking solutions for Canadians before they know they need them and, ultimately, a richer banking experience for our customers.”

Optus launches NFC payments in Australia

November 17th, 2014

Australian carrier Optus has teamed up with Visa and Heritage Bank to launch an NFC mobile payment service that lets customers load up to A$500 into a prepaid account and then make payments at any… More

Korean banks partner with messaging giant for mobile banking service

November 13th, 2014

Korean internet and messaging giant Daum Kakao has launched BankWalletKakao, a mobile wallet service provided in partnership with 16 Korean banks and Korea Financial Telecommunications and Clearing Institute (KFTC). The service leverages instant messaging technology… More

Costa Rican bank adds face biometrics to mobile app

November 10th, 2014

Costa Rican bank Grupo Mutual has worked with biometric technology provider FacePhi to build face recognition into its mobile banking app. The system will be introduced for more than 250,000 of the bank’s customers in January 2015 following testing with employees and clients.

MCX CEO confirms plans to include bank cards in CurrentC wallet

November 6th, 2014

MCX CEO Dekkers Davidson has outlined more of the consortium’s plans for its CurrentC mobile wallet in a keynote presentation at the Money2020 event in Las Vegas, confirming that banks will be able to add… More

Nationwide adds wearable banking

November 6th, 2014

Customers of the UK’s Nationwide bank can now see their account balance in real time on an Android Wear smartwatch. To use the service, customers need to log in to the bank’s mobile app and choose which accounts they want to be able to see when they use the Quick Balance feature. They will then be able to get an up-to-date report on how much money is in their account by simply saying “OK Google, start Quick Balance” to their Android Wear device.

SIA offers Europeans instant P2P payments with Jiffy

October 27th, 2014

Payment processor SIA has launched a peer-to-peer payments service that lets users send and receive money in real-time with their smartphone. Based on the Sepa Credit Transfer scheme, Jiffy is available to all banks operating in… More

CBD launches bank branch in Facebook

October 27th, 2014

Commercial Bank of Dubai (CBD) has launched a virtual bank branch for Facebook, letting its online banking customers check balances, pay credit card bills, transfer money between accounts and track expenses from within the social network. Customers need to link their online banking profile to their Facebook account and verify the setup using a one-time password sent to their mobile device to use the service.

Five hundred banks sign up for Apple Pay

October 17th, 2014

Apple customers in the US will be able to use their iPhone 6 or iPhone 6 Plus to make Apple Pay mobile payments from Monday 20 October, CEO Tim Cook has announced, and 500 banks… More

CaixaBank rolls out contactless wristbands across Spain

October 9th, 2014

Spain’s CaixaBank is making contactless wristbands available to customers at all of its branches, enabling customers to make payments at any of the more than 300,000 contactless terminals in Spain by simply touching the band… More

New Zealand banks and carriers to begin Semble NFC wallet rollout in November

October 8th, 2014

TSM NZ, the NFC payments joint venture between New Zealand’s carriers and the Paymark payments network, has announced a new brand name, a November date for its first trials — and a marketing partnership with… More

Major UK merchants sign up for Zapp mobile payments

October 8th, 2014

Zapp, the mobile payments startup formed by UK payments infrastructure operator VocaLink, has announced that major retail chains including Sainsbury’s, Asda, House of Fraser, Thomas Cook, Shop Direct, Spar and Clarks are to use its… More

Bill Gates talks Apple Pay, NFC, Bitcoin and mobile money

October 7th, 2014

“Apple Pay is a great example of how a cell phone that identifies its user in a pretty strong way lets you make a transaction that should be very, very inexpensive,” Microsoft founder Bill Gates… More

RBC expands cloud-based NFC wallet to BlackBerry and Virgin

October 6th, 2014

Royal Bank of Canada’s cloud-based NFC wallet is now available to Virgin Mobile subscribers and to customers with a BlackBerry Z10 or Z30 mobile phone, the bank has announced. RBC Wallet is also now available… More

NFC technology report available for free download

September 30th, 2014

NFC Technologies and Systems, a 98-page report that explains in detail the technology behind NFC tag reading and writing, the role and functionality of trusted service managers (TSMs), how secure elements work and how they… More

Apple Pay to get 0.15% transaction fee

September 16th, 2014

The kickback from card issuers negotiated by Apple for purchases made via its new Apple Pay mobile payments service amounts to 0.15% of the value of each transaction, the Financial Times reports. The “unprecedented deal” will give Apple “a share of the payments’ economics that rivals such as Google do not get for their services,” the article points out.

How Apple will generate revenues from mobile payments begins to become clear

September 11th, 2014

An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional… More

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