Friday 27 November 2015 | RSS


    Mobile banking

    News about Mobile banking.

    BBVA Bancomer deploys time-based dynamic CCV/CVC in mobile wallet

    November 26th, 2015

    PARTNER NEWS: Mexican bank BBVA Bancomer has become the first to make use of digital giant Gemalto’s Dynamic Code Verification solution. The solution replaces traditional, static three-digit security codes with a dynamic CCV/CVC that changes every 20 minutes. More

    United Overseas Bank offers HCE mobile payments in Singapore

    November 24th, 2015

    Customers of United Overseas Bank (UOB) in Singapore can now make host card emulation (HCE) based mobile payments for transactions of any value at all Visa PayWave or MasterPass terminals. The new service also makes use of tokenization. More

    Smartwatches to play key role in mobile banking

    November 24th, 2015

    Smartwatches will be used to access banking apps 10m times in 2017, rising to more than 100m times by 2020, Juniper Research predicts. “While wearables, including smartwatches and glasses, are not suited for conducting complicated financial instructions, wrist-based wearables will become a key device for multi-factor authentication,” the company says.

    American Express unveils NFC, HCE and tokenization platform

    November 18th, 2015

    American Express has launched Amex Enabled Digital Solution, a platform incorporating support for multiple digital wallets, contactless payments based on NFC and host card emulation (HCE), tokenization and express checkout services. The platform is designed to help both banks and merchants, Amex’s Mike Matan told NFC World. More

    First National Bank adds coupons and vouchers to mobile app

    November 18th, 2015

    Customers of South Africa’s First National Bank (FNB) can now redeem mobile coupons and vouchers through the bank’s mobile banking app directly at the point of sale. Participating retailers include supermarket chains Checkers and Shoprite…. More

    TSB and Tesco Bank go live with Apple Pay

    November 17th, 2015

    UK banks TSB and Tesco Bank are now supporting Apple Pay. TSB has also extended the contactless cashback incentive it launched in September 2015 to the mobile payments service. TSB customers will earn 5% cashback on their first £100 of combined Apple Pay and contactless spending until December 2016.  Lloyds Bank, Halifax and Bank of Scotland added support for Apple Pay in September 2015 along with M&S Bank. Six banks supported the service when it launched in July. Barclays will also support Apple Pay but is yet to announce a launch date.

    Barclaycard to use HCE to instantly replace lost and stolen cards

    November 16th, 2015

    Barclaycard customers will be able to use the host card emulation (HCE) function being added to the bank’s app to have lost or stolen plastic cards instantly re-issued to their mobile devices so they can… More

    Meet NFC World’s partners at Cartes

    November 13th, 2015

    NFC World partners AMS, Clear2Pay/FIS OTS, Kona, Gemalto, Mahindra Comviva and NXP will be exhibiting at Cartes in Paris from November 17-19. Here’s what you can expect to see from these industry leaders, and where… More

    Westpac lets customers activate cards via mobile

    November 12th, 2015

    Westpac customers in Australia can now switch on new credit or debit cards using their smartphone’s camera and the bank’s mobile banking app. “The innovative feature activates the card in three simple steps by prompting customers to scan their card, confirm the card details captured are correct and tap to activate,” the bank says. “The new feature is a timesaver for our customers who can activate their card when and where it suits them.”

    Gemalto assesses the mobile payments landscape

    November 12th, 2015

    A 24-page white paper designed to give banks, processors, OEMs, retailers and other issuers a clear overview of the evolving world of mobile payments is now available to download from the NFC World Knowledge Centre. More

    India’s Paytm moves into banking

    November 12th, 2015

    Indian mobile wallet provider Paytm is to hire 3,000 people to roll out its payments bank services by the first quarter of next year. “The structure of the executive committee for the payments bank is being given shape, while Paytm awaits a final nod from the Reserve Bank of India,” The Times of India reports. The company agreed a “strategic investment” from Alibaba and its affiliate Ant Financial in September.

    Apple to add P2P payments to Apple Pay?

    November 12th, 2015

    Apple is reportedly holding discussions with US banks about developing a payment service that would let users send money to one another from their phones through Apple Pay. “The talks with banks are continuing and it is unclear if any of the firms have struck an agreement with Apple,” The Wall Street Journal reports. “Key details remain in flux, including technical aspects that would determine how the service would tie into the banking industry’s existing infrastructure.”

    Israeli bank adds NFC ATMs

    November 12th, 2015

    Customers of Israel’s Bank Hapoalim can now withdraw cash from ATMs using their NFC mobile phones at the bank’s newly opened digital branch. “Customers can open their app, pick an amount to withdraw and even select what denominations of banknotes they want even before they leave the house,” The Jerusalem Post reports. “When they pass the ATM, they use the same no-contact technology behind Apple Pay and Google Wallet to retrieve their cash.”

    86% of TMG clients to offer Samsung Pay and Android Pay

    November 11th, 2015

    Nearly nine in ten (86%) financial institution clients of The Members Group (TMG) plan to make Samsung Pay and Android Pay available to their customers. 75% are live or have a project underway with Apple Pay. “54% surveyed expected Samsung Pay to be more attractive to their cardholders; 40% answered Apple Pay,” TMG says. “From January to October of this year, the number of Apple Pay transactions processed by TMG increased by a factor greater than 10.”

    UK banks warn against storing multiple fingerprints on iPhones

    November 6th, 2015

    UK banks have reportedly warned Apple Pay users that if they store other people’s fingerprints on their iPhones, they will be treated as if they have failed to keep their personal details safe. “This means the bank can decline to refund disputed transactions or refuse to help where customers claim they have been victims of fraud,”  The Telegraph reports. “This is because Touch ID works to unlock phones as well as authorise payments through Apple Pay.”

    US consumers prefer bank offered mobile wallets

    November 5th, 2015

    More than half of US consumers (51%) are likely to use a bank offered mobile wallet with the top challenges for mobile wallet adoption being fear of identity theft (68%) and merchant acceptability (33%), research from CCG Catalyst reveals. “45% currently use PayPal mobile, which was the most popular mobile wallet used by consumers who took part in the survey,” the company says.

    Apple Pay adds 54 more US banks

    November 4th, 2015

    Apple has added another 54 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “Apple Pay now has over 650 participating issuers nationwide and several more plan to support the NFC-based mobile payment service in the future,” MacRumors reports.

    Suretap adds Points loyalty cards to NFC mobile wallet

    November 4th, 2015

    Canadian mobile wallet provider Suretap has added a loyalty section powered by the Points loyalty network to its NFC mobile wallet, enabling users to earn and use rewards offered by more than 100 global reward… More

    Crédit Mutuel Arkéa to launch HCE in France

    November 3rd, 2015

    French banking group Crédit Mutuel Arkéa is to begin offering its customers a host card emulation (HCE) mobile payments service. “The solution, provided by Airtag, includes a tokenization server, a wallet management server, a mobile payment application based on HCE technology and a crypto solution to safely store payment credentials on mobile phones,” Airtag says. A national rollout of the service is expected next year.

    Blik signs up 1.3m Poles for mobile payments

    November 3rd, 2015

    Some 1.3m Polish consumers are now using Blik, the mobile payments service backed by six of the country’s banks that lets customers make in-store and online payments, withdraw cash from ATMs and send P2P transfers with their mobile phones. The service launched in November 2014 and is based on technology originally developed by PKO Bank Polski for its Iko mobile payments service.

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