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Mobile banking

News about Mobile banking.

St George adds fingerprint security to mobile banking app

August 27th, 2014

Customers of Australia’s St George Bank will be able to use the Touch ID fingerprint verification technology built into the iPhone 5S to log into mobile banking when iOS8 launches in September. The launch will be… More

Westpac NZ unveils augmented reality banking app

August 5th, 2014

Westpac New Zealand is to release a mobile banking app that uses augmented reality and 3D imaging to let customers with an iOS device check their credit and debit card balances, make payments and find… More

Visa to launch new payments service in September, Apple could be the first customer

July 24th, 2014

Visa has unveiled a suite of services designed to “facilitate secure payments across a broad range of internet-connected devices and wearables”. The announcement of the new Visa Digital Solutions service comes amid reports that Apple… More

IBM partners with Monitise

July 21st, 2014

IBM and Monitise have formed a strategic alliance designed to help financial institutions deliver cloud-based mobile banking, payments and commerce solutions to their customers. “The combination of our capabilities with Monitise will provide value to our clients, enhance the customer experience and drive business growth,” says IBM senior vice president Steve Mills.

CU Wallet signs up 65 credit unions for QR mobile payments

July 21st, 2014

CU Wallet, a mobile payments platform developed for US credit unions and majority owned by its cooperative members, has been adopted by 65 credit unions with a combined total of more than seven million customers,… More

CrucialTec to secure mobile banking with fingerprints

July 18th, 2014

Korean mobile input technology specialist CrucialTec is developing a fingerprint authentication solution that will replace passwords when consumers access mobile banking services on their smartphones, Korea Herald reports. The solution, which is designed to achieve the necessary security certification for use in online banking in Korea, is set to be introduced later this year.

1.75bn to use mobile banking

July 11th, 2014

More than 1.75 billion mobile phone users will have used their device for banking purposes by the end of 2019, up from 800 million people this year, according to a new Juniper Research forecast. “Banks now regard the mobile channel as an indispensable revenue stream,” says report author Nitin Bhas. “However, with the mobile channel becoming a key customer retention strategy, it presents a great challenge to traditional institutions.”

British Banking Association reports on UK’s banking ‘revolution’

July 9th, 2014

Mobile and internet banking in the UK is now being used for transactions worth nearly £1bn a day and totalling £6.4bn a week, up from £5.8bn last year, according to an industry-wide report on how… More

Moven raises $8m series A

July 7th, 2014

Mobile banking, payments and budgeting startup Moven has raised US$8m in a series A funding round and will use the money to invest in new features and tools and to build its international network of partners. “We believe that in short order millions of customers will be using our app each day to help them spend, save and live smarter,” says CEO Brett King.

One third of US mobile banking users log in at least once a day

July 4th, 2014

Some 31% of Americans who use a mobile banking app access the service at least once a day and more than four in five use it once a week or more, according to new research from Bank of America. Six in 10 respondents are not yet comfortable with the idea of using their smartphone as a wallet in the future, however, the survey found.  More

Sensory adds voice and face security to phones

July 2nd, 2014

US startup Sensory has unveiled a biometric security solution that enables individual apps on a consumer’s smartphone to be secured via voice verification, facial verification or, for higher security applications like mobile payments and banking,… More

Android L to offer wide range of new features for mobile payments and commerce

June 26th, 2014

The next generation of Android, unveiled at the Google I/O developer conference, will offer mobile payments, banking and commerce providers a wide range of new functions. Android L includes support for BLE’s peripheral mode, tighter… More

App that turns off debit cards sees massive usage surge after Target breach

June 6th, 2014

Usage of mobile banking technology provider Malauzai Software’s debit card on/off service, which allows customers of its financial institution clients to use their mobile phone to activate and deactivate their debit card on the go,… More

Authentify to add fingerprint and NFC security to mobile transactions

May 27th, 2014

Mobile authentication provider Authentify is to provide a way for banks, payments networks and other secure service providers to make use of the fingerprint scanner built into the Samsung Galaxy S5 to add an extra… More

White paper sets out benefits of white label mobile payments

May 15th, 2014

“Building a Foundation for Mobile Payment”, a white paper from Datacard, explains why banks and other card issuers must advance their mobile payments strategy quickly and demonstrates the benefits of taking a white-label approach to… More

TD Canada Trust launches NFC mobile payments with support from all three major carriers

May 15th, 2014

TD Canada Trust, the retail banking arm of the Toronto-Dominion Bank, has become the first in Canada to offer an NFC mobile payment solution that is supported by the country’s three major wireless networks: Bell,… More

Australian bank tests beacons in branches

May 14th, 2014

St George Bank is testing the use of Bluetooth LE technology to send a welcome message and personalised information directly to a customer’s iPhone when they enter a branch. The pilot in three Sydney branches… More

OTP Bank launches mobile payments in Hungary

May 12th, 2014

Hungary’s OTP Bank has launched a mobile wallet that allows consumers to pay in stores by scanning a QR code placed next to the cash register. The new OTPay service can also be used to… More

Huntington offers instant balances

May 7th, 2014

Huntington National Bank has updated its mobile app to allow customers to check their account balances without having to enter a username or password. The new Huntington Quick Balance feature appears as an option on the app’s login page, enabling balances to be viewed “at the touch of a button.”

CaixaBank integrates bank accounts with Facebook

May 7th, 2014

Spain’s CaixaBank has become the first bank in Europe to launch a Facebook application that allows users to view their bank accounts and perform transactions via the social network. The bank will start by supporting… More

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