Category Archives: Mobile Banking

IBM uncovers Android banking vulnerability

The message for Android is increasingly bleak in the context of security. After Android malware hits South Korean mobile banking customers and Android cyberattacks on 34 European banks it now appears that business heavy weight IBM has further bad news to add. One-in-ten banking apps are wide open to a malicious drive-by hacking exploit that exposes user credentials when visiting ...
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Mobile payments to India through Pingit service

Barclays has launched new functionality allowing mobile payments to India through its Pingit mobile payments service in the UK, opening it up to the largest remittance market between the UK and another country. The app will allow users in the UK to send quick and easy payments using just a mobile number to friends, family or contacts in India. This is a ...
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Westpac New Zealand release world first augmented reality banking app

Westpac New Zealand will release the world’s first banking app for account management using augmented reality. Customers will soon be able to use augmented reality and its 3D imagery to check their credit and debit card balances, see their last five transactions, spend locations, categorise spending over a five week period, alerted when payments are due, make payments, check their ...
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Tablet banking has arrived

A notable proportion of those who own a tablet or e-reader use it for banking activities and see this as their primary banking method according to a recent survey by SYNERGISTICS Research entitled, The Emerging Role of Tablet Banking. Nearly half of Internet households own a tablet or e-reader with web browsing capability. Of these tablet/e-reader owners, three-quarters are using ...
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Mobile banking Trojan mutates with ransomware features

An Android mobile banking Trojan program originally designed to steal mobile banking credentials from Russian users has been found in the wild and has been retrofitted with ransomware functionality to infect US users with photos of its victims to intimidate them into paying a fictitious FBI fine. Known as Svpeng, the Trojan program was first detected almost a year ago ...
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Mobile banking – South Africa unpicking the lock?

South Africa’s telco’s have been trying for some time to unpick the mobile banking lock, but they have not been able to repeat the successes they have had in countries such as Tanzania, Uganda and Kenya. But MTN, working with Pick n Pay (a Tesco equivalent), may have found the key to success domestically. This week, the mobile operator and ...
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Android malware hits South Korean mobile banking customers

Android malware, a malicious software that can imitate legitimate online banking applications is hitting customers in South Korea, with thousands of devices infected in the last week, according to a Chinese mobile security company. Cheetah Mobile, formerly known as Kingsoft Internet Security Software, wrote that the banking malware masquerades as a popular game or tool on third-party Android application markets. Google checks ...
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Amazon phone set to ignite mobile banking market

Amidst mixed reactions and a media storm, Amazon has launched its smartphone. John Legere, T-mobile USA’s outspoken CEO took to Twitter before the launch to complain about press reports that Amazon’s first smartphone, which has just been unveiled in the US will be available exclusively through AT&T. “Exclusivity sucks for customers. Exclusivity on @ATT sucks for the industry,” Legere wrote ...
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Orange, BNP Paribas extend mobile banking in Africa

Orange and the BNP Paribas group are offering retail banking customers in Africa direct access between their BNP Paribas account and their Orange Money account through their mobile phones. The new service is available in Côte d’Ivoire and will be extended to other countries in which BNP Paribas and Orange Money are present, particularly Senegal. The service allows customers of BNP ...
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Mobile banking Trojan mutates with ransomware features

An Android mobile banking Trojan program originally designed to steal mobile banking credentials from Russian users has been found in the wild and has been retrofitted with ransomware functionality to infect US users with photos of its victims to intimidate them into paying a fictitious FBI fine. Known as Svpeng, the Trojan program was first detected almost a year ago ...
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