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Mobile banking

News about Mobile banking.

Nexus Imprint brings fingerprint sensor support to Android M

September 29th, 2015

Google has unveiled Nexus Imprint, a system that brings fingerprint sensor support to its latest phones and the upcoming Android 6.0 Marshmallow mobile operating system. It will enable the entire app ecosystem to make use of fingerprint recognition and will also work with Android Pay to authenticate an in-store payment, says the company. More

Riyad Bank goes contactless with Gemalto

September 29th, 2015

PARTNER NEWS: Saudi Arabia’s Riyad Bank is migrating its entire portfolio to digital security giant Gemalto’s Clarista Contactless EMV card — powered by the industry-standard Multos operating system — making it the country’s first contactless… More

Samsung Pay goes live in the US

September 28th, 2015

Samsung Pay has launched in the US today after going live in Korea in August 2015, where it racked up a total 1.5m transactions in its first month. It launches with support from American Express, Bank of America, Citi, US Bank, MasterCard and Visa, with mobile network operators Sprint, US Cellular, AT&T and T-Mobile on board. Verizon Wireless has yet to announce its support.

Tech firms face more regulation on payment services

September 24th, 2015

Regulators are looking more closely at whether technology companies that provide financial services should be supervised more heavily, according to HSBC chairman Douglas Flint. “Regulators all around the world are reflecting on the extent to which internet companies are conducting banking business and at which point they should be licensed as a bank,” Flint said, as reported by Reuters.

Korean Samsung Pay users spend $30m in first month of launch

September 24th, 2015

More than US$30m has been spent through Samsung Pay since the mobile payment service’s launch in Korea one month ago, Samsung has revealed. In total, more than 1.5m transactions were conducted, of which 60% took… More

Indian mobile wallet market to reach US$6.6bn by 2020

September 23rd, 2015

India’s mobile wallet market will be worth US$6.6bn by 2020, research from TechSci Research reveals. “The mobile wallet market in India is projected to exhibit exponential growth during the forecast period on account of rising smartphone penetration rate, growing mobile internet user base and increasing government support,” the company says. “Mobile wallet companies operating in India are also offering attractive deals and incentives to attract new users.”

How to develop a mobile payments roadmap — See it now on NFC World

September 23rd, 2015

NFC World’s ‘How to develop a mobile payments roadmap’ webinar is now available to view online. 584 people signed up to take part in the live event and participants gave the webinar an overall rating… More

Grupo Aval introduces in-store mobile payments and offers in Colombia

September 23rd, 2015

Grupo Aval, Colombia’s largest financial services group, has launched a mobile payment and offers service that lets customers of its Av Villas, Banco de Bogotá, Banco de Occidente and Banco Popular banks make in-store payments… More

Axis Bank launches mobile wallet that uses sound for in-store payments

September 21st, 2015

India’s Axis Bank has launched Lime, a mobile wallet that combines banking, shopping and payment services and lets customers make in-store purchases using an encrypted audio signal generated by their device. “The pay feature will allow… More

Future Group to launch mobile wallet in India

September 17th, 2015

Indian retail conglomerate Future Group is in the process of launching its own mobile wallet, CEO Kishore Biyani has revealed. “In the next two years, we will have more than 40 wallet companies in the country; there has to be value addition in whatever idea you do. We are also launching our wallet now,” Biyani told visitors to the India Retail Forum (IRF), Business Standard reports.

80% of Brits have used alternative payment methods this year

September 17th, 2015

Eight in ten UK consumers with bank accounts have used an alternative to traditional cash and plastic cards in the last 12 months, research by has found. 4% have made an NFC mobile payment,… More

Apple Pay now supported by 500 US banks

September 16th, 2015

Apple has added 46 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, taking the total to more than 500. “Some important firms in the update include Citizens Bank, E-Trade Bank and the credit unions for MIT, Johns Hopkins and McGraw-Hill,” Apple Insider reports.

86% of TMG members to offer both Samsung Pay and Android Pay

September 15th, 2015

Some 86% of the financial institution clients of payment solutions provider The Members Group (TMG) are planning to make Samsung Pay and Android Pay available to cardholders. “When asked which of the two solutions they believed would be more attractive to their cardholders, 54% said Samsung Pay and 40% said Android Pay,” TMG says. More than half of TMG’s clients have projects under way with Apple Pay.

Barclaycard uses HCE to add NFC payments to mobile app

September 15th, 2015

Barclaycard is to expand the functionality of its Android mobile app to include NFC mobile payments, allowing customers to make purchases at more than 300,000 locations in the UK as well as across the London… More

M&S Bank adds Apple Pay support

September 15th, 2015

Customers of the UK’s M&S Bank can now access Apple Pay using their M&S debit and credit cards. Lloyds Bank, Halifax and Bank of Scotland also began supporting the mobile payments service this week.

RBC brings HCE mobile payments to North America

September 14th, 2015

The Royal Bank of Canada (RBC) has become the first financial institution in North America to go live with a host card emulation (HCE) mobile payment service following a pilot in December 2014. “We’ve now… More

Lloyds Banking Group goes live with Apple Pay

September 14th, 2015

The UK’s Lloyds Banking Group has confirmed that its Lloyds Bank, Halifax and Bank of Scotland customers can use Apple Pay from today, following reports last week that customers had successfully added their cards to the mobile payment service. Barclays is yet to confirm when it will go live with support for the mobile payments service.

Lloyds and Halifax prep Apple Pay launch

September 11th, 2015

Customers of UK banks Lloyds Bank and Halifax are reporting that they have successfully added their cards to Apple Pay. “We’re currently in the process of enabling our systems for Apple Pay,” Lloyds told NFC World. “We’re rolling out our full roll-out to customers shortly.” Barclays is yet to confirm when it will go live with support for the mobile payments service.

39% of US consumers use mobile banking monthly

September 4th, 2015

Two in five US consumers (39%) and nearly half of mobile device owners (45%) use a mobile device to manage their bank account at least once a month, research from the American Bankers Association reveals. “We anticipate that more customers are likely to gravitate toward mobile banking as institutions bolster their offerings in areas like mobile payments and geolocation services,” says the association’s Nessa Feddis.

First Internet Bank enables Eyeprint ID

September 3rd, 2015

US-based First Internet Bank is letting customers log in to their mobile banking app by scanning their eye, using Eyeprint ID technology, rather than entering a user ID and password. “Eyeprint ID technology captures an image of the eye and matches the unique vein pattern to verify identity,” the bank says. It added support for Apple’s Touch ID in May.

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