Transfer money instantly to your bank account with PayPal — PayPal — “PayPal users in the U.S. will soon be able to instantly transfer money to their bank accounts via eligible debit cards linked to their PayPal account… Our beta of this is now available to select PayPal users and will be made available to all U.S. PayPal users with eligible Visa or Mastercard debit cards over the coming weeks and months.”
Mobile banking
New mobile payment option for PNC Bank’s Visa commercial cardholders
New mobile payment option for PNC Bank’s Visa commercial cardholders — PNC Bank — “PNC Bank announced today a new mobile payment option enabling Visa commercial cardholders to use a smartphone or mobile device to make corporate purchases via Apple Pay, Android Pay and Samsung Pay. PNC is one of the first U.S. banks to enable mobile wallet payments for commercial cards.”
Antelop launches HCE SaaS solution to quicken time-to-market for banks
PARTNER NEWS: Antelop Solutions has unveiled a new Mastercard and Visa compatible software-as-a-service (SaaS) platform which allows banks to build HCE-based NFC mobile payments into their own apps more quickly... More
Paytm Payments Bank to join the UPI bandwagon in August
Paytm Payments Bank to join the UPI bandwagon in August — Economic Times — “The newly-launched Paytm Payments Bank will go live on the unified payment interface (UPI) by August… This will allow its customers to transact using a virtual payment address issued by the bank. The payments bank will be the latest to join the UPI bandwagon, with 50 banks already live on the platform.”
Magazine explores conversational commerce and Aadhaar payments
PARTNER NEWS: A 40-page magazine featuring articles about conversational commerce, national ID-based payment systems using India’s Aadhaar biometrics ID system as a case study, and the financial gender gap in relation to mobile money is now available to download from the Knowledge Centre... More
Belfius Bank launches HCE mobile payments with Bancontact support
Customers of Belgium’s Belfius Bank can now make host card emulation (HCE) based mobile payments using the bank’s mobile app, making it the “first solution available on the Belgian market” that enables contactless payments with the Bancontact debit card... More
Ease of use, data security are priorities for bank and credit card mobile app users, JD Power finds
Ease of use, data security are priorities for bank and credit card mobile app users, JD Power finds — JD Power — “More than two-thirds (69%) of study respondents indicate they have used a mobile payment service in the past 30 days. That number jumps to 76% among Millennials and Gen Z. This evidence suggests that efforts to integrate mobile payments with the mobile banking and credit card app experience would be beneficial.”
Mahindra Comviva and Rambus sign up to Visa’s token service provider
PARTNER NEWS: NFC World partners Mahindra Comviva and Rambus are among the 13 companies that signed up to participate in Visa’s token service provider (TSP) platform earlier this month... More
Priorbank adds Visa support for HCE service
Belarusian bank Priorbank has added support for Visa cards to its host card emulation (HCE) based mobile payments service that launched with support for Mastercard in April 2016... More
Zelle now live! in mobile banking apps today, a new way to pay
Zelle now live! in mobile banking apps today, a new way to pay — Zelle — “Beginning this month, more than 86-million U.S. mobile banking consumers will be able to send and receive money through Zelle… Beginning this week, and continuing on a rolling basis over the next 12 months, Zelle will become available in the mobile banking apps of more than 30 participating financial institutions.”
KISA to unveil bio authentication for mobile banking in 2018
KISA to unveil bio authentication for mobile banking in 2018 — Korea Herald — “Korea Internet & Security Agency is developing bio authentication for mobile banking to commercialize it by late 2018… The biometric authentication reads heart rates and electrocardiograms on a user’s smartwatch, which sends the information to his or her smartphone. The smartphone is then unlocked with the user’s fingerprint which enables the use of mobile banking.”
Chinese mobile payments up in Q1
Chinese mobile payments up in Q1 — China Daily — “Chinese commercial banks dealt with 9.3 billion payments from mobile banking services in Q1, up 65.7% from a year ago, the People’s Bank of China, the central bank, said in a report… Combined value of mobile payments rose 16.4% to 60.65 trillion yuan ($9 trillion).”
Orange adds Android Pay to mobile banking app in Poland
Mobile network operator Orange has become “the first Polish telecom operator” to integrate Android Pay into its Orange Finanse mobile banking app, allowing its customers with an active Mastercard debit or credit card to make payments using their Android handsets without having to download the Android Pay app separately... More
Carrefour Banque offers instant activation of new C-zam account with Gemalto Digital PIN
Carrefour Banque offers instant activation of new C-zam account with Gemalto Digital PIN — Gemalto — PARTNER NEWS — “‘C-zam offers Carrefour customers the opportunity to buy in store a bank account and a banking card that can be activated on line,’ said Frédéric Mazurier, CEO of Market Pay. ‘With the support of Gemalto, we are innovating to evolve the French banking market by offering a new service in terms of accessibility, availability and usability.'”
Banco Bradesco customers get mobile-only banking
Customers of Brazil’s Banco Bradesco can now open new accounts, send money, split payments with friends, keep track of their spending and manage their finances directly on their mobile phones using a new digital platform that the bank has launched with the aim of introducing a “more intuitive and transparent experience to younger, hyper-connected customers”... More
Samsung Pay adds Bixby voice-controlled banking in South Korea
Samsung Pay users across South Korea can now use the Bixby artificial intelligence feature in Samsung Galaxy S8 and S8 Plus handsets to conduct transactions with their voice, including completing peer-to-peer (P2P) transfers and finding out their account balance... More
Apple Pay to add P2P payments to iMessage through iOS 11
Apple Pay users across the US will soon be able to make peer-to-peer (P2P) money transfers to friends and family using a new feature set to be integrated into Apple’s iMessage platform through the latest iOS 11 operating system... More
Android Pay goes live in Taiwan with CTBC and First Bank
Android Pay has launched in Taiwan, taking the mobile payment service to a total of 13 markets following its debut in Canada earlier this week... More
Android Pay begins its rollout across Canada
Android Pay has begun rolling out across Canada with support for eligible Visa and Mastercard credit cards from BMO Bank of Montreal, CIBC, Banque Nationale, Scotiabank, Desjardins, President’s Choice Financial, ATB Financial and Canadian Tire Financial Services as well as prepaid Scotiabank and Desjardins cards... More
Belgium gets mobile ID platform that will be supported on all SIM cards across the country
Four Belgian banks and three mobile network operators have unveiled a mobile ID platform that will let consumers use a single digital identity to access a range of services such as requesting government documents and confirming online transactions using the SIM card on their mobile phone and a unique five-digit code... More