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    Mobile banking

    News about Mobile banking.

    Android Pay launches in Singapore

    June 28th, 2016

    Google has begun rolling out Android Pay across Singapore, marking the mobile payment service’s debut in Asia. It will work with MasterCard and Visa cards from DBS Bank, OCBC Bank, POSB Bank, Standard Chartered Bank and UOB. More

    OT works on mobile payments rollout in France

    June 27th, 2016

    Oberthur Technologies (OT) is working with retail payment operator STET and Cartes Bancaires CB Group (GIE-CB), the regulatory body for the payment card system, to roll out mobile payment services in France. “Banks have commissioned STET and GIE-CB to work together to develop an industrial platform to enable banks to use this new payment method securely,” OT says. “By using OT’s Digital Enablement Platform (DEP), the customers of French banks will be able to use virtual payment cards stored in the digital wallets provided by manufacturers of compatible mobiles.”

    RBI reveals framework for “less-cash” society

    June 27th, 2016

    The Reserve Bank of India (RBI) has released its framework for payment and settlement systems with a view to moving the country towards a “less-cash” society. Vision-2018 “reiterates the commitment of the Reserve Bank of India (the Bank) to encourage greater use of electronic payments by all sections of society,” RBI says. “Building a robust payments infrastructure in the country to increase the accessibility, availability, interoperability and security of the payment systems will continue to remain a key objective.”

    Barclays completes HCE payments launch

    June 22nd, 2016

    Barclays has completed the rollout of its Contactless Mobile host card emulation (HCE) based mobile payment service across the UK, the bank has confirmed to NFC World. The feature allows customers with compatible Android phones… More

    More US consumers open to mobile payments

    June 22nd, 2016

    Two out of five US consumers (40%) have or would use in-store mobile payments, up from 34% in 2015, research from Bank of America reveals. “The majority (57%) of consumers would consider or are already using a P2P money transfer service from their bank,” the bank adds. “Nearly two in three (62%) respondents use mobile or online as their preferred method of banking. More than half (54%) of consumers also say they are active users of a mobile banking app, up from 48% last year.”

    Samsung Pay reports on bank uptake

    June 21st, 2016

    Samsung Pay is now supported by 300 major and regional banks and credit unions, Samsung has announced. “Value-added services such as gift cards and membership and loyalty features have been added as well with more than 110 merchants joining Samsung Pay’s gift card program and more than 140 retailers participating in its membership and loyalty cards program,” the company says.

    Thai banks to launch P2P payments with PromptPay

    June 20th, 2016

    Fifteen commercial banks and four specialised financial institutions in Thailand are to begin registration for PromptPay, a mobile P2P service developed by Bank of Thailand (BOT) and the Thai Bankers’ Association. “With this new money transfer service, transferees simply need to link their national ID or mobile phone numbers to their accounts for successful transactions,” BOT says. “All banks confirmed their readiness for the official launch of public registration nationwide from July 15, 2016.”

    Bank of America enables Apple Pay and Samsung Pay at ATMs

    June 20th, 2016

    Apple Pay and Samsung Pay can now be used to make withdrawals and transfers at Bank of America ATMs, according to a user on Reddit. “This does not work for deposits, which is weird since you would think withdrawals pose a greater risk for the bank than deposits,” the user writes. Bank of America added support for Android Pay at its ATMs in May when it also announced that the ATMs are capable of working with any NFC mobile wallet.

    LG U+ to launch biometric authentication platform

    June 20th, 2016

    LG U+ is to release a new service in August that uses biometric authentication for mobile shopping and banking transactions based on the storage of “personal biometric information in universal subscriber identity modules (USIMs),” according to Business Korea. “The platform is to be used for combination of users’ biometric information, such as fingerprint data and iris data, with the mobile carrier’s subscriber and billing information so that one-stop authentication can become possible,” the publication reports. The service will make use of Fido standards.

    Samsung Pay to expand across Asia Pacific with Citi

    June 16th, 2016

    Samsung is extending its global collaboration with Citi to deliver Samsung Pay within the Asia Pacific region, specifically in Singapore and Australia. “The partnership marks a new addition to Samsung Pay’s extensive portfolio of major payment networks and banks,” Samsung says. “Further additional markets will be added to the network in the coming months.” Samsung Pay launched in Australia earlier this week and began rolling out across Singapore this month.

    ASB Bank launches HCE in New Zealand

    June 15th, 2016

    Customers of ASB Bank in New Zealand can now make host card emulation (HCE) based mobile payments using ASB Virtual, a new feature in the bank’s mobile banking app that enables payments using a Visa… More

    Pay by Bank to make UK launch with Barclays

    June 9th, 2016

    UK bank Barclays is to become the first to launch Pay by Bank, the mobile payment app developed by payments infrastructure operator VocaLink’s mobile payment startup Zapp. The service will be made available to customers from autumn 2016, with Lloyds Bank, Halifax and Bank of Scotland also planning to support the service “soon”. The service was expected to launch last year, but was later delayed.

    HDFC Bank to launch mobile payments in India

    June 6th, 2016

    India’s HDFC Bank is to launch a mobile payment service that will support NFC, host card emulation (HCE) and QR code based payments in order to compete with other mobile payment services that are expected to roll out in the country, including Apple Pay, Samsung Pay and Android Pay. “PayZapp contains a prepaid wallet and a virtual prepaid card,” Times of India reports. “Bank customers can also store their credit or debit cards in a dematerialized form in the app and use them for electronic payments.”

    Emirates NBD to launch digital bank for millennials

    June 6th, 2016

    Emirates NBD has announced plans to launch the UAE’s first digital bank targeted at millennials as part of its commitment to invest AED 500m (US$136m) in “digital innovation and multichannel transformation” over the next three years. The digital bank will offer customers “the next generation of self-service money management with useful tools and applications,” the bank says.

    Samsung Pay makes European debut in Spain

    June 3rd, 2016

    Samsung Pay has begun rolling out across Spain, making it the first European market where the mobile payment service is available. The service has launched with support from CaixaBank and ImaginBank and will also be available for customers of Abanca and Banco Sabadell “soon”. More

    Seqr expands in Romania

    June 2nd, 2016

    Raiffeisen Bank has signed an agreement with Swedish mobile payment specialist Seamless to enable its customers in Romania to make payments using the Seqr mobile payments platform. “The agreement marks an initial step by the bank in offering its customers in Romania the possibility of connecting the Seqr Seamless mobile payment solution to their bank accounts,” Seamless says.

    Gulf Bank Kuwait gets biometric authentication

    June 2nd, 2016

    Customers of Gulf Bank Kuwait can now log in to their mobile banking app by scanning their face or fingerprint through mobile biometric technology provider Daon’s IdentityX platform. “Daon’s IdentityX platform provides fingerprint, face and voice recognition, along with other authentication factors which will provide convenient, fast, secure authentication for Gulf Bank Kuwait’s customers,” Daon says.

    Canadian banks go live with Apple Pay

    June 1st, 2016

    Customers of Canada’s TD Bank, Scotiabank and BMO Bank of Montreal can now make in-store and in-app payments using Apple Pay. TD Bank and Scotiabank announced that they would be supporting Apple Pay last month, but “the three major banks’ launch is coming sooner than anticipated,” says the Financial Post. Apple Pay launched in Canada with the support of American Express alone in November 2015.

    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.

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