News about Mobile banking.
May 18th, 2015
Mountain America Credit Union has announced the beta release of a dual biometric log-in feature that lets its members access their mobile banking app either by scanning their finger or taking a picture of their…
May 15th, 2015
The global biometrics market will increase from US$2bn in 2015 to $14.9bn by 2024, with cumulative revenue for the 10-year period reaching $67.8bn, market intelligence firm Tractica forecasts. “Biometric modalities that are likely to generate the most revenue include fingerprint, iris image and voice recognition,” the company says. “Key use cases include consumer device authentication, mobile banking, ATMs, government IT systems, POS transactions, pharmacy dispensing and wearable device authentication.”
May 7th, 2015
Customers using US-based First Internet Bank’s personal mobile banking application are now able to log in using their fingerprint and Apple’s Touch ID feature. The functionality is available to those running the bank’s app on the iPhone 5S, iPhone 6 and iPhone 6 Plus, with support for the iPad Air 2 and iPad Mini 3 expected in the future.
May 1st, 2015
Digital banking solutions provider Digital Insight is to offer Apple’s Touch ID fingerprint verification in the iOS mobile banking applications it supplies to financial institutions later this year. “The speed and ease of use of Touch ID will provide financial institutions another innovation to offer their customers and members, and further help them differentiate in the marketplace,” said senior product manager Dan Weis.
April 10th, 2015
Barclays has unveiled an Apple Watch app which will let customers check their current account balance when the watch goes on sale in the UK on April 24. Customers will be able to check the balance of up to five accounts linked to the Barclays Mobile Banking app, which the user can swipe through to view. “The extension of our popular mobile app on Apple Watch will allow customers to keep track of their money wherever they are,” said Matt Hammerstein, head of customer and client experience at Barclays.
March 26th, 2015
ANZ Bank New Zealand is to add NFC mobile payments to its popular goMoney mobile banking app later this year. The goMoney Wallet feature will be available to 120,000 customers with Android NFC phones and…
March 9th, 2015
Visa is to launch NFC payments services based on host card emulation with “several leading financial institutions around the world” in the coming months, with BBVA and Cuscal already live. Others coming soon include Banco…
March 6th, 2015
Spain’s CaixaBank has launched an app which allows customers to use voice commands to perform simple online banking operations, opening the way for drivers to check balances and initiate transfers as they travel. The Android…
March 2nd, 2015
ZTE‘s latest Android smartphone will let owners unlock it by scanning their retinas with a built-in biometric solution from EyeVerify. Today the Eyeprint ID solution is only a device unlocking mechanism but it could soon…
March 2nd, 2015
PARTNER NEWS: Chip maker NXP has produced a new tool to help developers quickly build apps that utilise the embedded secure element in the company’s PN66T NFC module. The Secure Service Development Platform (SSDP) allows…
March 2nd, 2015
Korean financial institutions are to offer streamlined NFC authentication for mobile banking transactions starting from as soon as the first half of 2015, according to local media reports. Bank customers currently use dedicated passcode generator devices…
February 20th, 2015
There are signs that global bank HSBC could be preparing to roll out host card emulation (HCE) based NFC payments on Android devices in the UK, after an NFC World reader spotted that the HSBC…
February 19th, 2015
Lloyds Bank is to start sending push notifications about special deals with selected retailers to customers’ smartwatches and smartphones. The launch of push notifications for the UK bank’s Everyday Offers service – which allows customers…
February 17th, 2015
2,500 US banks and credit unions will soon be able to add an “additional potential revenue source” by sending out branded, local offers to users of their mobile banking apps. The move follows a deal…
February 13th, 2015
Visa has launched Visa Mobile Location Confirmation, a service that works through a participating bank’s mobile banking app to determine whether a payment request is legitimate or not by matching a phone’s location to the location of a payment transaction. The technology used in the service has been developed by Finsphere and takes less than a millisecond to perform the matching process.
January 28th, 2015
Prepaid card issuers using Cachet Financial Solutions’ Select Mobile Money white label platform can now offer their customers a way to charge Apple Pay transactions to their prepaid account balance, the company has announced. “iPhone…
January 23rd, 2015
Descartes Biometrics has unveiled Helix, an ear detection and recognition technology that uses a smartphone owner’s unique ear features to lock and unlock their mobile device. “Helix does not require any additional hardware and is capable of processing any qualifying image containing an ear,” the company says. “Possible applications include banking, travel, medical and personnel attendance solutions, as well as application, device and building security.”
January 16th, 2015
Nearly 800,000 Bank of America customers have now enrolled to use Apple Pay and have added about 1.1m cards, the bank has revealed. The number of customers using mobile banking in Q4 2014 was up 15% from a year ago to 16.5m, the bank also says, and 12% of deposit transactions were done through mobile compared to 9% in 2013.
January 12th, 2015
Wintrust Financial is updating its fleet of 190 ATMs in Chicago to enable its mobile banking customers to withdraw cash by requesting money on their smartphone then scanning an on-screen QR code when they get to the ATM.
January 12th, 2015
The key to mass market adoption of mobile payments will be the creation of a compelling consumer experience that incorporates both payments and value added services, the Future of Mobile Payments session at the International CES 2015, chaired by NFC World’s Sarah Clark, has found.