Thursday 5 May 2016 | RSS

 
    Feedback
     

    Mobile banking

    News about Mobile banking.

    Apple Pay adds more than 20 US banks

    May 5th, 2016

    Apple has added more than 20 further banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports. The news follows German payments technology provider Wirecard’s Boon service integrating with Apple Pay in the UK.

    Samsung Pay adds support from 39 US banks

    May 5th, 2016

    Samsung Pay has added 39 more banks to its list of supporting financial institutions in the US. “For a few of the bigger names included, there is Chrome Credit Union, Corning Credit Union, Los Angeles Federal, Vantage Credit Union and many more,” Droid Life reports.

    Paytm moves towards launching payments bank

    May 4th, 2016

    Indian mobile payments provider Paytm has partnered with IT services company Wipro for the launch of its payments bank, which is expected in the first quarter of this fiscal year. “Wipro will implement core-banking solutions for Paytm and also the programme to manage the integration of other key systems,” says The Economic Times. The company plans to double its in-store merchant acceptance to four million locations this year.

    A third of Europeans have made a mobile payment

    May 4th, 2016

    Nearly a third of European consumers (32%) have now made an in-store mobile payment, research by Fujitsu shows, while 22% have adopted wearable technologies. 44% still use cash every day, 37% would consider leaving their current bank or insurer if they don’t offer up-to-date technology, 47% would let banks or insurers use their data to recommend relevant products and services and 44% want their data used to keep them informed of their spending habits.

    Mobile-only bank goes live in the UK

    May 3rd, 2016

    UK banks Clydesdale Bank and Yorkshire Bank have launched B, a mobile-only bank developed in partnership with design consultancy Market Gravity. “The B proposition is built around an app, available for free for the first 12 months then for £2 a month,” says Market Gravity. “As well as allowing users to sweep cash between current and savings accounts and make payments at the touch of a button, B will offer multiple savings pots, tagging and tracking of spending and tailored messages and hints and tips.”

    Deutsche Bank to launch NFC payments in Q3

    April 28th, 2016

    Customers of Deutsche Bank will be able to make NFC mobile payments using the version of its mobile banking app that will become available for Android in the third quarter of this year. “Contactless payment at the point of sale based on NFC is scheduled to become available when the Android version of the app is released,” the bank says. Deutsche Bank ran a trial in December 2015 of technology that verified the identity of their customers by the way they handle and hold their mobile device.

    Tangerine adds biometrics to mobile banking app

    April 27th, 2016

    Customers of Canada’s Tangerine Bank can now log into its mobile banking app for iOS by authenticating themselves with their iris or voice. The bank is using technology supplied by EyeVerify and Nuance’s VocalPassword for the service, which will be supported on the Android platform in the coming months.

    European spend on payments technology to rise

    April 26th, 2016

    Nearly three quarters of European retailers and financial institutions (71%) plan to increase their spending on payments technology in the next 18 to 24 months due to increasing competition and a feeling of being “under siege”, research from ACI Worldwide and Ovum shows. “Banks are seen as the primary provider of payment services by European retailers,” says ACI Worldwide. “87% want to work directly with banks.”

    Emirates Islamic takes banking to Twitter

    April 26th, 2016

    Customers of Emirates Islamic Bank can now request account information through social media site Twitter. “Customers will be able to perform select transactions such as balance enquiry, view their last few transactions and make enquiries about their accounts or credit cards with a simple tweet,” the bank says. “To maintain privacy and confidentiality, the bank will only respond to customer queries via a direct message.”

    Fibank launches HCE in Bulgaria

    April 21st, 2016

    Customers of First Investment Bank (Fibank) of Bulgaria can now make host card emulation (HCE) based payments through its mobile banking app using a digital card supplied by MasterCard. The service makes use of technology supplied… More

    Apple Pay adds more than 50 banks in the US

    April 20th, 2016

    Apple has added more than 50 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports. The update follows the mobile payment service’s launch in Singapore earlier this week.

    Samsung Pay adds major banks in US

    April 19th, 2016

    Samsung Pay will soon support eligible credit and debit cards from TD Bank and Regions Bank, taking the total number of supporting banks and credit unions in the US to 130 — more than 75% of the country’s credit and debit card market. “Samsung Pay supports all major payment networks and many of the country’s major banks, and it continues to expand its partnership ecosystem,” Samsung says.

    Bank of America reports on mobile banking

    April 18th, 2016

    Bank of America added 910,000 new mobile banking users during the first quarter of 2016, resulting in a total of almost 20m active users, CEO Brian Moynihan revealed during the bank’s Q1 earning results. 16% of all deposit transactions with the bank are from mobile devices but mobile wallet payments represent less than 0.2% of the total payments made with Bank of America cards.

    Apple Pay adds 32 banks in the US

    April 12th, 2016

    Apple has added a further 32 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports. The update follows an announcement from Barclays that it now supports Apple Pay in the UK.

    Nationwide explores behavioural biometrics

    April 12th, 2016

    Customers of Nationwide Building Society in the UK may soon be able to access their mobile banking accounts using behavioural biometrics that recognise how they interact with their smartphone, from the way they hold their device to how they type. “The prototype, developed in Nationwide’s Innovation Lab in partnership with BehavioSec and Unisys, explores how a customer’s natural interaction with their smartphone or tablet could provide an additional level of security in the future,” the company says.

    38% of payments in Europe will be digital by 2020

    April 11th, 2016

    More than a third (38%) of all payments made across Europe will be digital by 2020, MasterCard predicts. The payment network’s MasterCard Digital Enablement Service (MDES) is now in progress in 18 European countries and already connects banks representing more than 70% of UK account holders to Apple Pay, the company adds.

    Australian banks gearing up to support Apple Pay?

    April 11th, 2016

    Australia’s ANZ Bank, Suncorp Bank and Bank Australia may soon begin supporting Apple Pay, with iPhone In Canada reporting that a reader successfully registered an ANZ Visa card for use on the mobile payment service. “It would appear something is brewing with Australian banks, as we’re told Suncorp Bank and Bank Australia are geared to support Apple Pay in the latter half of this year,” the publication says.

    Join NFC World for a webinar on selecting and implementing an in-house tokenization solution

    April 1st, 2016

    NFC World will host a free webinar on Thursday 12 May that will explore how and why payments service provider Nets chose an in-house solution to deliver a tokenization service that can scale to serve… More

    Swiss banks and retailers to launch joint mobile payments solution

    April 1st, 2016

    The five largest banks in Switzerland are in talks with financial infrastructure operator SIX and retail giants Coop and Migros over the launch of a common solution for mobile payments “across all channels” that can be “rapidly spread” across the country. More

    Barclays enables Apple Pay support?

    March 30th, 2016

    Barclays appears to be in the process of enabling support for Apple Pay in the UK, according to a terms and conditions page tweeted by a number of the bank’s customers. Barclays revealed in January that it would support the mobile payment service within “60 to 75 days”. The bank also confirmed to NFC World that it would not be supporting the launch of Google’s Android Pay in the UK, in favour of focusing on its own host card emulation (HCE) based NFC mobile payments service.

    Page 1 of 1612345...10...Last »