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    Mobile banking

    News about Mobile banking.

    Absa takes banking to Twitter

    May 30th, 2016

    Africa’s Absa Bank has launched ChatBanking, a service that will let customers conduct day-to-day banking on social network Twitter. “In a one-time only process, you will register in a secure environment which will link your Twitter profile to your Absa bank account,” Absa says. Customers can use the service to check their balance, buy airtime or data and view recent transactions. Emirates Islamic Bank also launched a banking service using Twitter in April 2016.

    Android Pay adds 47 banks

    May 26th, 2016

    Google has added a further 47 banks and credit unions to its list of Android Pay supporting financial institutions. Capital One was originally amongst the banks added to the updated list, according to Android Police, but was later removed.

    Polish bank gets HCE mobile payments through First Data and Bell ID

    May 25th, 2016

    PARTNER NEWS: Customers of Eurobank Poland can now make host card emulation (HCE) based mobile payments as a result of a collaboration between First Data Poland and tokenization and mobile payment specialist Bell ID which offers cloud-based mobile payments… More

    Apple Pay adds Visa, MasterCard and five major banks in Singapore

    May 25th, 2016

    Consumers in Singapore can now add their MasterCard and Visa cards to Apple Pay, after the mobile payment service launched there in April 2016 with support from American Express alone. Five of the country’s major… More

    Wells Fargo to add NFC-based mobile payments to banking app

    May 25th, 2016

    Customers of Wells Fargo Bank across the US will soon be able to make NFC-based mobile payments and ATM withdrawals with a tap of their phone using the Wells Fargo Wallet, a mobile payment service… More

    50% of Americans use mobile banking

    May 24th, 2016

    Half of US adults now use mobile banking, with the number of users increasing by 29m since last year, research released by Javelin reveals. “This dramatic shift in consumers’ channel preferences puts pressure on financial institutions to innovate in the space to meet increased demand for mobile functionality,” the firm says.

    Wells Fargo to launch NFC mobile payments

    May 24th, 2016

    US bank Wells Fargo is expected to launch an NFC-based mobile payment service this week, according to the Los Angeles Times. “With mobile wallets such as the one Wells Fargo plans, consumers enter their credit card information in their phones before shopping with merchants who use NFC technology,” the publication reports. “The consumer holds the phone over a payment terminal and taps a button on the phone or enters a PIN.”

    Inside Secure launches MatrixHCE solution

    May 23rd, 2016

    Financial institutions can now select Inside Secure’s Visa Ready MatrixHCE solution as a means of rolling out mobile payment solutions within a matter of weeks. “MatrixHCE is a proven software solution that effectively protects sensitive data on mobile devices and allows mobile phones to be used as payment cards in the retail environment and supports key features such as transaction logging, receipts, biometric authentication and token processing,” the company says.

    Wearable device gives users electric shock if they overspend

    May 23rd, 2016

    Owners of a Pavlok wearable device will now be given an electric shock whenever they spend too much money using a new service developed by UK-based Intelligent Environments. More

    Bank of America adds Android Pay withdrawals at ATMs

    May 19th, 2016

    Bank of America (BofA) customers can now make cash withdrawals at ATMs in the US using their mobile phone and Google’s Android Pay mobile payment service, the bank has announced at this week’s Google I/O… More

    Visa Europe to make it easier for banks to support third-party mobile wallets

    May 18th, 2016

    Visa Europe has launched its Visa Europe Digital Enablement Programme (VEDEP) in the UK in an effort to simplify the implementation process for banks looking to support third-party mobile wallets. Google is using the platform to launch… More

    Android Pay launches in the UK

    May 18th, 2016

    Google has launched its Android Pay mobile payment service across the UK, allowing consumers to make payments at any contactless terminal with a tap of their Android handset. The service launches with support from MasterCard, Visa and eight British banks, “with new banks being added all the time,” the company says. More

    ANZ and Westpac preparing Android Pay support

    May 17th, 2016

    Australian banks ANZ and Westpac are completing plans to launch Android Pay in the country “mid this calendar year”, according to The Sydney Morning Herald. “ANZ and Westpac, including its subsidiaries St George, Bank of Melbourne and Bank of South Australia, will join Bendigo and Adelaide Bank, ING Direct, Macquarie Bank and Cuscal as the first to offer Visa, MasterCard and Eftpos on Android Pay,” the publication says. Google announced its plans for an Australian launch of Android Pay in December 2015.

    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.

    Tokenization case study — See the webinar now on NFC World

    May 13th, 2016

    NFC World’s ‘Case study — Lessons learned from selecting and implementing a tokenization solution able to serve 200 banks’ webinar is now available to view online. 271 people signed up to take part in the… More

    Barclays to roll out HCE mobile payments across the UK in June

    May 12th, 2016

    Barclays is to begin rolling out a host card emulation (HCE) based mobile payment feature to its mobile banking app in June, the UK bank has confirmed to NFC World. The service — known as Barclays Contactless Mobile — will enable customers to make transactions at any contactless terminal as well as pay for services across Transport for London (TfL) with a tap of their Android device. More

    Take part in our ‘Lessons learned from selecting and implementing a tokenization solution’ webinar today

    May 11th, 2016

    NFC World’s educational webinar on the benefits of adopting an in-house approach to tokenization and how Danish payments services provider Nets went about doing so will be held today at 15:00 BST. ‘Case study — Lessons learned from selecting and implementing a tokenization solution able to serve 200 banks’ will be presented by Nets’ Hans Henrik Hoffmeyer with a short introduction and roundup from Carta Worldwide and ample opportunity for audience questions afterwards. Sign up to join the webinar here.

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

    May 11th, 2016

    Join NFC World at 3pm BST on Thursday 12 May to find out how and why payments service provider Nets selected transaction technology provider Carta Worldwide to launch an in-house solution capable of delivering a… More

    Canadian banks get “more favourable terms” for Apple Pay support

    May 11th, 2016

    Canadian banks that announced their support for Apple Pay earlier this week have received “slightly more favourable terms than US financial services firms,” according to the Financial Post. “While Apple will receive 0.15 per cent or 15 basis points on credit transactions — comparable to the widely reported figure for Apple Pay in the US, which works out to 15 cents for every $100 purchased — a lower fee of four basis points will be applied to credit transactions after an annual payment of 50 cents per card,” the publication reports. Apple Pay launched in Canada in November last year.

    Jetco launches P2P payment service with Gemalto

    May 10th, 2016

    PARTNER NEWS: Hong Kong ATM network Jetco has selected Gemalto’s Ezio Mobile Suite for the launch of its Jetco Pay P2P payment service in conjunction with 12 Hong Kong banks. The service, which will be made available from the Jetco mobile app, will allow users to send and receive funds using mobile phone numbers. Jetco announced its plans to launch the P2P service in January 2016.

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