Study: As smartphone use increases, so does mobile banking

Bank of America's Trends in Consumer Mobility Report examines Americans' smartphone habits.

FEATURES


A voice for mobile carrier commerce

One long-time industry supporter is exploring the formation of a group that would help promote the benefits of direct carrier billing and mobile money services worldwide.

Past is prologue: Maximizing future ignition of mobile money

Dan Glessner, the chief marketing officer at Quisk, wrote a blog post about what the industry can do to help strengthen this sector.

2015: The year of HCE?

For all the talk about third-party mobile payment providers in recent weeks, financial institutions can still have a place in the conversation going forward.

Out of Africa: AML compliance for mobile payments

John A. Cassara, a former U.S. intelligence officer, shares his experiences from his time in Lesotho.

Why financial institutions need to embrace mobile commerce

By not providing a mobile point of sale application to their merchant customers, banks lose out on valuable revenues from a rapidly growing market.

MasterCard Send debuts as faster alternative to ACH payments

The service is being touted as the first of its kind to enable businesses, merchants, governments, nonprofits and issuers to transfer funds to consumers' checking accounts via any U.S. debit card, including non-MasterCard debit cards.

ATM and mobile: A perfect match

Mobile devices are becoming ATM-access tools, able to offer many of the display and keyboard functions currently available on the self-service device.

Top 3 benefits of mobile payments in Africa

Eran Feinstein, founder of 3G Direct Pay Limited, discusses the opportunities and challenges for mobile payments on the continent.

Canadian government extends code of conduct to mobile payments

Just before Apple Pay rumors began to circulate, the country's finance minister extended the Code of Conduct for the Credit and Debit Card Industry to mobile payments.

The rise of HCE-based mobile payments

Mobile Payments Today recently conducted a Q&A with a Sequent Software executive to discuss some issues regarding how HCE affects the mobile-payments industry going forward.

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NEWS


UK to get its first branchless bank

Atom Bank will not have its own ATMs, but said it will provide access to cash through ATM networks in the U.K. and Europe.

Prairie Cloudware raises funds to advance digital payments

Company's plan is to enable financial institutions to provide secure digital payments no matter what device or mobile wallet the consumer selects.

Report: Africa leads the way for mobile money services

Several African mobile operators — such as Vodacom Tanzania and MTN Uganda — are now generating more than 10 percent of their revenues from mobile money.

Australia's Commonwealth Bank launches tablet-only banking app

The app features a refreshed visual display intended to give customers a better view of their finances.

Study: Most US consumers favor bio ID to prevent financial fraud

One in four US consumers would even be willing share their DNA with their bank to secure financial and personal information, a new report reveals.

Banks officially launch clearXchange real-time payments

Bank of America, Captial One, JPMorgan, US Bank and Wells Fargo own the network and will bring bank-to-bank payments to more than 100 million account holders.

GlobalPlatform updates security protocol

'GlobalPlatform Secure Channel Protocol 11' addresses the increasing number of use cases, such as mobile banking, where applications utilize both the SE and TEE to protect a secure service.

Vocalink hopes to Zapp Apple Pay

Zapp is intended to provide real-time payments between consumers and merchants — both online and at the point of sale.

Virtual Piggy updates P2P app for teens

The Oink app enables consumers to manage their mobile wallet and acts as a standalone mobile account.

SimplyTapp leads charge in Asia for HCE mobile payments

SimplyTapp, PromptNow and TIS have created the Asian Payments Cloud initiative to bring the first end-to-end, cloud-based payments products to the banking and financial services community in the APAC region.

Gemalto to secure BancNet's mobile services

Gemalto's Ezio Authentication Server and Mobile token will enable BancNet customers to pay their bills, check account balance, and transfer funds from their accounts with any member bank, using their computers and mobile devices.

Korean mobile payments company chooses Intercede for app security

Interpay said in an announcement its TZ OTP application uses two-factor authentication and signing to secure m-commerce and banking transactions.

Accenture, Moven form pact to develop digital banking products

The companies say they plan to work on next-gen account opening, biometric authentication, real-time marketing and an improved experience for Moven customers.

Mobile financial services grow in Latin America and the Caribbean

The GSMA said in a report that the two regions boast a total of 37 mobile money services accounting for approximately 14.9 million registered users across 19 countries.

Stratos upgrades digital card issuance strategy

The platform will enable card issuers to instantly fulfill digital cards, analyze real-time cardholder behavior and increase loyalty and engagement.

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Mobile financial services are becoming indispensible to the underbanked. In addition to payments, this research center covers other mobile banking services such as balance checks, account transactions, credit applications, funds transfer, ACH, check imaging, remote capture deposit and ATMs.