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    Mobile banking

    News about Mobile banking.

    JPMorgan Chase to support Android Pay

    August 24th, 2016

    US bank JPMorgan Chase is to support Android Pay from 7 September 2016, claims a leaked internal document seen by Android Police. “According to an anonymous Chase employee, Chase will begin supporting Google’s NFC-based payment system in just over two weeks,” the publication says. “This includes Chase consumer credit cards that are Visa-branded, both business and consumer debit cards and Chase Liquid cards.” The bank unveiled its own Chase Pay mobile payments service in October 2015.

    Apple Pay bank list grows

    August 24th, 2016

    Apple has added an additional 37 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. The Bank of East Asia and Hong Kong Telekom’s (HKT) Tap & Go have also been added to the list for the Asia-Pacific region. “Both banks are incentivizing users to sign up with promotions rewarding users for repeated use of the service,” AppleInsider reports.

    Samsung Pay hits 100m transactions in first year

    August 24th, 2016

    Some 100m transactions in seven countries have been made using Samsung Pay, the company has revealed as it marks the mobile payment service’s one year anniversary. “Across South Korea specifically, the market has processed more than… More

    Apple Pay adds two UK banks

    August 22nd, 2016

    Apple has updated its list of Apple Pay supporting financial institutions in the UK, with the additions of Yorkshire Bank and Clydesdale Bank. Mobile only-bank B, which was launched by Yorkshire and Clydesdale in May 2016, will also support the mobile payment service, according to MacRumors. The new inclusions take the total number of UK banks supporting Apple Pay to more than 20.

    ACCC rejects Australian banks’ negotiation bid

    August 22nd, 2016

    The Australian Competition and Consumer Commission (ACCC) has decided not to grant a group of Australian banks interim authorization to “collectively negotiate” with third party mobile wallet providers.  More

    mVisa to launch in Nigeria by year end

    August 18th, 2016

    Visa is in “advanced discussions with leading Nigerian banks” — including Diamond Bank — to roll out its mVisa QR code-based mobile payments service in the country before the end of 2016. mVisa was unveiled in August 2015 through a pilot with Indian banks. ICICI Bank became the first to launch the service to consumers in October, followed by State Bank of India, which announced its support for mVisa in May 2016.

    PNC goes live with Microsoft Wallet

    August 16th, 2016

    Customers of US bank PNC can now add PNC Visa consumer and small business debit and credit cards to Microsoft Wallet. “SmartAccess cards will be available soon,” the bank says. PNC commercial and Mastercard credit cards are not eligible at this time. The NFC mobile payment service was unveiled in June 2016 with announced support from nine other US banks and financial institutions.

    Emirates NBD launches NFC payments

    August 11th, 2016

    Customers of UAE-based bank Emirates NBD can now make mobile payments using Emirates NBD Pay, a feature added to the bank’s mobile banking app utilising Visa Token Service. “Emirates NBD’s Visa credit and debit card customers can use their NFC-enabled Android mobile devices to make purchases at NFC-enabled point of sale terminals by upgrading their mobile banking app on the Google Play store,” the bank says.

    US bank expansion for Apple Pay

    August 11th, 2016

    Apple has added a further 23 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, AppleInsider reports. The expansion follows last week’s announcement of support from Canadian banks Tangerine and President’s Choice Financial.

    ČSOB launches HCE in Czech Republic

    August 9th, 2016

    Customers of Czech bank ČSOB can now make host card emulation (HCE) based mobile payments using its new NaNákupy mobile wallet. The app virtualizes Mastercard and Visa cards using technology supplied by payment processor SIA. “By the end of 2016, NaNákupy app users will have the possibility to pay on the internet, easily manage the settings of different credit cards and constantly monitor transactions made via mobile,” SIA says. “In addition, it will be possible to virtualize loyalty cards and store receipts, or share shopping lists on a smartphone.”

    ANZ accused over Apple Pay support

    July 29th, 2016

    Australian bank ANZ is being accused of “pulling a fast one” after walking away from a collaborative effort with its big four rivals to seek stronger negotiating powers over third party mobile wallets and announcing its support for Apple Pay. “One of the applicants was ANZ Bank,” says Lance Blockley, a spokesman for the applicant banks, as reported by news.com.au. “They chose to pull a fast one on their competitors and their joint applicants earlier this year when they withdrew from the group of applicants and decided to negotiate separately with Apple.”

    Biometric banking to top $4bn by 2021

    July 29th, 2016

    Global revenues for biometric banking technologies are expected to top US$4bn by 2021, ABI Research has revealed. “Biometric market hype is shifting away from consumer electronics and toward biometric banking technologies that appeal to millennials,” the firm says. “Ease of transaction, increased security and greater user experience are the top tier features that attract customers to biometric banking.”

    Australian banks seek stronger negotiating powers with third party mobile wallet providers

    July 27th, 2016

    A group of Australian banks have submitted an application to the Australian Competition and Consumer Commission (ACCC), urging for the right to ensure they are able to “collectively negotiate” with third party mobile wallet providers.  More

    Absa Bank comes to Facebook Messenger

    July 26th, 2016

    Customers of Africa’s Absa Bank can now conduct banking transactions through Facebook Messenger using the bank’s ChatBanking feature. The service will allow customers to retrieve balances, buy airtime or data for their mobile phone, view statements, buy prepaid electricity and make money transfers. “In a one-time only process, Absa customers who are registered for Absa Online and have access to the Express tab can register for ChatBanking for Facebook Messenger,” Absa says. The feature was made available in May 2016 through Twitter.

    Mobile-only bank goes live in Germany

    July 26th, 2016

    Mobile network operator Telefónica Deutschland has launched a mobile-only bank in partnership with Fidor Bank in Germany. The service will allow peer-to-peer (P2P) transactions to be made using mobile phone numbers and will come with a Mastercard debit card for in-store and ATM transactions. More

    BBA reports UK contactless increase

    July 26th, 2016

    The annual use of contactless cards across the UK has risen 250%, with £1.1bn spent in March 2016 alone, research released by the British Bankers Association (BBA) reveals. “Banks issued 15m cards with contactless technology in 2015, up 54% on the year before,” the trade association says. UK consumers are now also using mobile banking apps more than 7,610 times a minute or 4bn times a year.

    White paper advises banks on launching Android-based mobile payment services

    July 22nd, 2016

    A 16-page white paper designed to help banks make informed decisions about bringing an Android-based mobile payments service to market is now available to download from the NFC World Knowledge Centre. More

    Motorists rewarded for mobile payments at the pump

    July 21st, 2016

    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 Pay adds 13 US banks

    July 20th, 2016

    Apple has added a further 13 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “The system now supports over 1,200 individual banks and credit unions in the US alone,” iMore reports. “This is in addition to the more than 30 financial institutions supported across Australia, Canada, China, Singapore and the UK.” The mobile payment service launched in France earlier this week as well as in Hong Kong.

    Apple Pay launches in Hong Kong

    July 20th, 2016

    Apple Pay has launched in Hong Kong with support from Mastercard, Visa and American Express. Participating banks include Bank of China (Hong Kong), DBS, Hang Seng Bank, HSBC and Standard Chartered, with support from The Bank of East Asia (BEA) and Tap&Go “coming soon”. More

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