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    Mobile banking

    News about Mobile banking.

    Visa offers mobile card controls

    February 10th, 2016

    Consumers will soon be able to stop transactions taking place if their card is lost or stolen, set spending controls and receive transaction alerts on their smartphone via a new service launched by Visa. “Financial institutions who adopt Visa Consumer Transaction Controls will be able to offer the service through their mobile banking application, mobile wallet or website,” Visa says. “Issuers can choose the features to provide to their consumers.”

    Apple’s Error 53 shuts down handsets with Touch ID repairs

    February 9th, 2016

    iPhone 6 users have been left with broken handsets as a result of Apple’s latest iOS 9 operating system update permanently disabling devices if it detects that Touch ID’s hardware integrity has been compromised —… More

    Mobile banking service Pocopay goes live in Europe

    February 8th, 2016

    Mobile banking service Pocopay has launched in the Netherlands, Spain and its home country of Estonia to let consumers split bills, request money using email addresses or QR codes and make payments via a MasterCard… More

    Apple Pay adds 32 banks in the US

    February 8th, 2016

    Apple has added a further 32 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “Apple Pay now has 1,000 participating issuers nationwide,” MacRumors reports.

    APCA explores security code for digital wallets in Australia

    February 5th, 2016

    Members of the Australian Payments Clearing Association (APCA) are currently exploring the possibility of implementing a voluntary code of practice to regulate digital wallets in the country. The association’s 100 members were due to respond… More

    Viber to add money transfers to messaging app

    February 4th, 2016

    The more than 664m users of messaging app Viber will soon be able to send money to friends and family from anywhere in the world thanks to an integration with money transfer network Western Union. Users will need to add their debit, credit card or bank account to fund the transfers, which can be sent to Western Union locations for collection or transferred to a mobile wallet or bank account.

    MyWallet NFC payments service put on hold in Slovakia

    February 3rd, 2016

    Mobile network operator Slovak Telekom, majority owned by Germany’s Deutsche Telekom, is shutting down its MyWallet NFC service on a temporary basis. The move is due to the closure of ClickandBuy, also a Deutsche Telekom… More

    Guide offers advice for card issuers on implementing EMV

    February 2nd, 2016

    A 12-page guide to EMV and the business case for implementing an advanced EMV solution is now available to download from the NFC World+ Knowledge Centre. ‘EMV: The stepping stone to mobile’ has been produced by mobile payments specialist Proxama and examines the opportunities and benefits for card issuers who look past minimum compliance to a fully featured EMV solution.

    Bank of America and Wells Fargo to add NFC to ATMs

    February 1st, 2016

    Bank of America and Wells Fargo are working on integrating NFC into their ATMs to let customers complete transactions using their smartphones and services such as Apple Pay, according to TechCrunch. “Engineers at both companies have been placed on multi-month assignments to build the Apple Pay options,” the publication says. Reports that the banks were working on mobile at the ATM first surfaced in December 2015. JPMorgan Chase is also working on adding NFC to its ATMs.

    JPMorgan Chase looks to NFC ATMs

    January 28th, 2016

    JPMorgan Chase is to roll out ATMs that will let customers withdraw cash using their mobile phone. “The first generation of these ATMs will allow customers to access the machine by inputting a code found on their Chase mobile app,” CNBC reports. “Future upgrades of machines will allow customers to use their cellphone’s near-field wireless communication feature to access their accounts.” Wells Fargo and Bank of America are also working on mobile cash withdrawals at ATMs.

    National Australia Bank launches HCE mobile payments

    January 27th, 2016

    Customers of National Australia Bank (NAB) can now make host card emulation (HCE) based mobile payments at any contactless terminal using NAB Pay, a new service that has been integrated into the bank’s existing mobile… More

    Barclays to support Apple Pay within “60 to 75 days”

    January 26th, 2016

    Barclays will add support for Apple Pay “within the next 60 to 75 days”, the bank’s Ashok Vaswani has revealed in an email to a customer. Barclays was a notable absence from the list of participating banks when Apple announced in June 2015 it would expand the mobile payment service to the UK but confirmed to NFC World the following month that it would support Apple Pay “in the future”.

    Apple Pay adds 51 US banks

    January 25th, 2016

    Apple has added another 51 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “Apple Pay now has over 950 participating issuers nationwide,” MacRumors reports.

    Swiss banks add support for Paymit mobile payments

    January 25th, 2016

    Paymit, the P2P transfer service set up by Switzerland’s SIX, UBS and Zürcher Kantonalbank, has added support from three more banks ahead of its launch as an in-store mobile payment solution in February 2016. Obwalden, St.Gallen and Zug will join the six other financial institutions already supporting the service. Paymit has been downloaded 170,000 times since launching in May 2015.

    Apple Pay leads US mobile payments market

    January 25th, 2016

    Apple Pay is “overwhelmingly the share leader” in point-of-sale mobile payments across the US despite uptake remaining relatively low, the latest statistics from Piper Jaffray’s Apple Pay adoption tracker show. “Analyst Gene Munster expects numbers to rise in 2016 as Apple integrates attractive new features like P2P payments and in-browser integration,” AppleInsider reports.

    Samsung Pay to go live in Spain with CaixaBank

    January 22nd, 2016

    Customers of Spain’s CaixaBank will be the first in the country to be able to use Samsung Pay, following a partnership between the bank and Samsung that will see the mobile payment service added as an option to CaixaBank’s host card emulation (HCE) based mobile payment app. More

    Jetco to launch P2P payments with 12 Hong Kong banks

    January 21st, 2016

    Hong Kong ATM network Jetco has partnered with 12 banks to offer Jetco Pay P2P, a service that will let customers transfer funds using the recipient’s mobile number. “The service is directly linked to a consumer’s bank account, meaning no top-up will be required,” Jetco says. The service is expected to roll out in the second quarter of 2016. Jetco announced plans to offer an NFC payment service to its member banks in February 2014.

    One in six Koreans use mobile to pay in-store and online

    January 21st, 2016

    One in six South Korean consumers (15.8%) have used a mobile to pay for in-store or online purchases, research by The Bank of Korea shows. “44.4% said they used their mobile devices for shopping up to three times per month,” Yonhap News Agency reports. “49.5% said they used the mobile banking services twice a week, followed by 36.4% who have tried the service at least once over the past six months.”

    KPN and Rabobank to launch SIM-based NFC payments

    January 19th, 2016

    Dutch mobile network operator KPN and Rabobank have unveiled a SIM-based NFC mobile payment solution that will launch this spring. “The Rabo Wallet enables consumers to download their digital bank card to their KPN NFC SIM-kaart,” technology provider UL says. “The Rabo Wallet, in addition to being a mobile banking app, also offers client cards, membership cards and vouchers.”

    Nebraska’s Union Bank & Trust to launch HCE mobile payments

    January 19th, 2016

    Customers of Union Bank & Trust (UBT) in Nebraska, USA will soon be able to make host card emulation (HCE) based mobile payments via a mobile app that uses a solution from digital payments provider Prairie… More

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