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    Online banking

    News about Online banking.

    Brazilian mobile bank launches with biometric authentication

    July 18th, 2016

    Brazilian consumers can now sign up to mobile and online only bank Neon by taking a selfie with their mobile phone. “Instead of authenticating with a username and password, customers will take a selfie to use facial biometrics,” technology provider Daon says. “Customers will be issued two Visa branded debit cards. The physical card will be used for POS purchases at retail locations while the virtual card will be used for online purchases. Customers will use facial recognition to access their account and to perform additional transactions, such as transfers and payments.” The service makes use of Daon’s IdentityX platform.

    Gemalto to secure mobile payments in Japan with DNP

    July 14th, 2016

    PARTNER NEWS: Digital security giant Gemalto is to supply its Ezio Mobile Suite to financial solutions provider Dai Nippon Printing (DNP) to help the company secure mobile payments, internet banking and related services in Japan. “With Gemalto’s solution, DNP can offer a strong and scalable cloud-based authentication platform, supporting a wide range of authentication and transaction signing methods, including biometric, one time password and out-of-band,” Gemalto says. DNP selected Gemalto to roll out mobile payment solutions to its customers in October 2015.

    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.”

    Proxama makes the case for digital PIN delivery

    March 24th, 2016

    A white paper that examines the advantages of using new, digital PIN delivery mechanisms to replace traditional PIN mailers is now available to download from the NFC World+ Knowledge Centre. More

    Dutch consumers to access websites with banking credentials

    November 6th, 2015

    Dutch consumers may soon be able to access commercial and government websites using their online banking credentials. “Consumers give their express consent to their bank for providing the data necessary to identify themselves to an organisation,” the Dutch Payments Association says. “They thus maintain full control over what data is provided to any party.” A pilot will take place next year.

    Citi tests ATMs that replace plastic cards with mobile phones, QR codes, NFC and iris scans

    October 27th, 2015

    Citi has begun testing a screenless, cardless ATM concept developed by Diebold that lets customers make transactions using their mobile device instead of a plastic card and authenticate themselves using NFC, QR or an iris… More

    BNP Paribas pilots cards with dynamic security codes

    October 2nd, 2015

    French bank BNP Paribas has begun trialling payment cards on which the three-figure security code is replaced with a small screen displaying a code which automatically changes periodically in order to make online payments more secure. The bank is using Oberthur Technologies’ OT Motion Code solution for the pilot, which involves 1,000 customers. French bank BPCE has also conducted a pilot test of the cards.

    Zapp to delay Pay by Bank launch?

    September 29th, 2015

    Zapp, the UK mobile payments start-up formed by payments infrastructure operator VocaLink, has reportedly confirmed that it is to delay its Pay by Bank service, due to launch in autumn, because of integration issues. In… More

    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.

    BPCE to pilot cards with mini-screen security codes

    May 21st, 2015

    France’s second largest banking group BPCE is to pilot a payment card that replaces the three-figure security code on the back of the card with a mini-screen that displays a code which automatically changes periodically…. More

    CaixaBank lets drivers speak to mobile banking app

    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… More

    Korean banks partner with messaging giant for mobile banking service

    November 13th, 2014

    Korean internet and messaging giant Daum Kakao has launched BankWalletKakao, a mobile wallet service provided in partnership with 16 Korean banks and Korea Financial Telecommunications and Clearing Institute (KFTC). The service leverages instant messaging technology… More

    MasterCard and Visa to create new security standard to replace passwords for online payments

    November 13th, 2014

    MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”, far fewer prompts for passwords and support for a range… More

    Westpac NZ unveils augmented reality banking app

    August 5th, 2014

    Westpac New Zealand is to release a mobile banking app that uses augmented reality and 3D imaging to let customers with an iOS device check their credit and debit card balances, make payments and find… More

    Consult Hyperion demos EMV mobile payments over BLE on an iPhone

    July 22nd, 2014

    UK payments technology specialist Consult Hyperion has unveiled a proof-of-concept solution that uses Bluetooth Low Energy (BLE) and host card emulation (HCE) to enable both iPhone and Android NFC phone owners to make MasterCard, Visa… More

    1.75bn to use mobile banking

    July 11th, 2014

    More than 1.75 billion mobile phone users will have used their device for banking purposes by the end of 2019, up from 800 million people this year, according to a new Juniper Research forecast. “Banks now regard the mobile channel as an indispensable revenue stream,” says report author Nitin Bhas. “However, with the mobile channel becoming a key customer retention strategy, it presents a great challenge to traditional institutions.”

    China UnionPay to offer QR payments?

    July 11th, 2014

    China UnionPay is developing a QR code-based mobile payment service that will provide a way to make both online and offline mobile payments, according to Marbridge Consulting. The company, which has been heavily involved in the rollout of NFC payments in China, is now in discussions with banks regarding promotional activities for the new service, the report says.

    One third of US mobile banking users log in at least once a day

    July 4th, 2014

    Some 31% of Americans who use a mobile banking app access the service at least once a day and more than four in five use it once a week or more, according to new research from Bank of America. Six in 10 respondents are not yet comfortable with the idea of using their smartphone as a wallet in the future, however, the survey found.  More

    Alfa-Bank uses activity trackers to offer higher interest rates to customers who exercise

    May 30th, 2014

    Russia’s Alfa-Bank has introduced a new savings account linked to an activity tracker, which rewards customers who exercise more with a higher interest rate. Developed in partnership with Moscow-based 42 Agency, the new Activity savings account… More

    Finnish banks call for real-time payments

    May 29th, 2014

    Finland’s banks are inviting proposals to replace their existing urgent payment system with a real-time system operating 24 hours a day, every day. Dubbed Pops, the current system was built in the early 1990s and is now “becoming obsolete”, says the Federation of Finnish Financial Services. The new system needs to cover at least the entire Sepa zone, and provide application-level acknowledgement of payments received by beneficiaries. Interested suppliers have until 12 September 2014 to submit ideas.

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