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Mobile banking

News about Mobile banking.

Five hundred banks sign up for Apple Pay

October 17th, 2014

Apple customers in the US will be able to use their iPhone 6 or iPhone 6 Plus to make Apple Pay mobile payments from Monday 20 October, CEO Tim Cook has announced, and 500 banks… More

CaixaBank rolls out contactless wristbands across Spain

October 9th, 2014

Spain’s CaixaBank is making contactless wristbands available to customers at all of its branches, enabling customers to make payments at any of the more than 300,000 contactless terminals in Spain by simply touching the band… More

New Zealand banks and carriers to begin Semble NFC wallet rollout in November

October 8th, 2014

TSM NZ, the NFC payments joint venture between New Zealand’s carriers and the Paymark payments network, has announced a new brand name, a November date for its first trials — and a marketing partnership with… More

Major UK merchants sign up for Zapp mobile payments

October 8th, 2014

Zapp, the mobile payments startup formed by UK payments infrastructure operator VocaLink, has announced that major retail chains including Sainsbury’s, Asda, House of Fraser, Thomas Cook, Shop Direct, Spar and Clarks are to use its… More

Bill Gates talks Apple Pay, NFC, Bitcoin and mobile money

October 7th, 2014

“Apple Pay is a great example of how a cell phone that identifies its user in a pretty strong way lets you make a transaction that should be very, very inexpensive,” Microsoft founder Bill Gates… More

RBC expands cloud-based NFC wallet to BlackBerry and Virgin

October 6th, 2014

Royal Bank of Canada’s cloud-based NFC wallet is now available to Virgin Mobile subscribers and to customers with a BlackBerry Z10 or Z30 mobile phone, the bank has announced. RBC Wallet is also now available… More

NFC technology report available for free download

September 30th, 2014

NFC Technologies and Systems, a 98-page report that explains in detail the technology behind NFC tag reading and writing, the role and functionality of trusted service managers (TSMs), how secure elements work and how they… More

Apple Pay to get 0.15% transaction fee

September 16th, 2014

The kickback from card issuers negotiated by Apple for purchases made via its new Apple Pay mobile payments service amounts to 0.15% of the value of each transaction, the Financial Times reports. The “unprecedented deal” will give Apple “a share of the payments’ economics that rivals such as Google do not get for their services,” the article points out.

How Apple will generate revenues from mobile payments begins to become clear

September 11th, 2014

An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional… More

MasterCard launches MDES token platform for mobile payments

September 10th, 2014

MasterCard has announced US availability of a token platform that enables card issuers to store tokenized versions of their customers’ card details on Apple’s new NFC devices as well as NFC phones and tablets from… More

iPhone, NFC and Apple Pay: How should banks react?

September 10th, 2014

PARTNER VIEWS: The launch of Apple Pay “is good news for US iPhone users who want to ‘tap to pay’,” Martin Cox, global head of sales at Bell ID, writes in a blog post. “But what about the majority of smartphone users who are using an Android device? What about those of us outside of the US? The good news, he says, is that “banks finally have clarity” on the preferred technology at the point of sale, and “for Apple’s primary market, the US, it’s also strong endorsement for the ubiquity of EMV.”

Visa launches token service to support Apple Pay and more

September 10th, 2014

Visa Token Service, the payment network’s new platform that enables card account numbers to be replaced with digital tokens that ensure the cardholder’s actual card number is never shared with merchants, is now live and… More

Transcript: Apple CEO Tim Cook and SVP Eddy Cue introduce Apple Pay mobile payments and NFC

September 9th, 2014

“It’s all about the wallet,” Apple CEO Tim Cook explained during the unveiling of Apple Pay mobile payments and the iPhone 6, iPhone 6 Plus and Apple Watch with NFC on 9 September. “Our vision… More

Barclays to provide corporate customers with finger vein biometric devices

September 5th, 2014

Barclays is to provide its UK corporate banking customers with finger vein biometric authentication devices that will let them “easily access their online bank accounts and authorise payments within seconds, without the need for PIN,… More

Apple cuts deals with card issuers?

September 5th, 2014

Apple will be getting special rates from five US card issuers on mobile payments made by its device users, according to well-connected payments advisor Tom Noyes, and customers will use a combination of Bluetooth Low Energy (BLE), NFC and Touch ID to make payments in stores. “Apple wanted to launch the payment product with BLE (not NFC) but existing payment networks didn’t want to cause merchant chaos in fragmentation of acceptance infrastructure,” he says.

NFC Business Models report available for free download

September 5th, 2014

NFC Business Models, NFC World’s landmark 2011 research report on strategies for monetising NFC, is now available as a free download in the NFC World+ Knowledge Centre. “This 170-page report continues to provide many lessons that can be applied to advantage by businesses introducing mobile payments and digital wallet services today — and provides unique insight into how and why it has taken so much longer than expected for mobile payments to take off,” says author Sarah Clark.

Desjardins launches NFC payments in Canada

September 3rd, 2014

An NFC mobile payments service is now available to customers of Quebec-based financial institution Desjardins Group. The Desjardins Mobile Payment service works with NFC phones provided by Bell Mobility, Rogers and Virgin Mobile with Telus… More

BBVA reports 250,000 mobile wallet users

September 2nd, 2014

Spain-based banking group BBVA has signed up 250,000 customers for its BBVA Wallet service and is to expand availability to the US, Mexico and Chile this year. The wallet includes support for host card emulation… More

Barclays calls time on Quick Tap NFC payments

September 1st, 2014

UK bank Barclays is to close its pioneering NFC payments service on 30 October. Quick Tap was the first commercially available NFC payments programme in the UK and was launched with mobile network Orange in… More

CaixaBank invests in contactless ATMs

August 28th, 2014

Spain’s CaixaBank has signed a €500million agreement with Fujitsu for the delivery of a new network of 8,500 ATMs equipped with contactless readers “capable of scanning cards, mobile phones and wearables”. The ATMs also feature dual screens, “one to handle transactions and the other to provide operational and sales support, thus providing a much more pleasant user experience with the terminal”.

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