Moven raises $8m series A

Mobile banking, payments and budgeting startup Moven has raised US$8m in a series A funding round and will use the money to invest in new features and tools and to build its international network of partners... More


Microsoft joins IoT alliance

Microsoft has joined the AllSeen Alliance, an association formed in December 2013 with the aim of creating a set of open standards for the Internet of Things (IoT)... More




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

Bank of America

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


What's New in Payments

Alipay tests virtual credit card

Chinese online payments giant Alipay is testing a mobile app based virtual credit card service called Xinren Bao that features customised credit limits based on a user’s shopping history and a 38-day interest-free period on all purchases, Marbridge Consulting reports... More



Sensory adds voice and face security to phones

TrulySecure

US startup Sensory has unveiled a biometric security solution that enables individual apps on a consumer’s smartphone to be secured via voice verification, facial verification or, for higher security applications like mobile payments and banking, a combination of the two. More



Air France lets passengers board planes with NFC

Air France, Orange, SITA, Toulouse-Blagnac Airport and RESA have teamed up to provide an NFC boarding experience, allowing a select number of passengers to move through the airport — from entering the building to boarding the plane — by tapping their Orange NFC smartphone at dedicated terminals. More