Category Archives: Mobile Banking

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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Bank hits back in mobile payments battle

Equity Bank is set to launch its Mobile Virtual Network Operator (MVNO) services in July 2014 after a successful foray in the local and regional banking sector – a key feature will be mobile payments. The bank’s acquisition of a Mobile Network Operator license has shaken the country’s players in the mobile telephony sector as its entry can only heighten ...
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2014 mobile banking study findings

First Annapolis Consulting recently completed its 2014 Mobile Banking Study, which highlights the growing importance of mobile banking among the top 100 US regulated depositories. Key findings include: Nearly all financial intuitions covered in the study now offer some form of mobile banking; Basic and advanced account servicing features (bill pay and mobile remote deposit capture) have experienced rapid growth ...
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Ondot launches remote CardControl app

Tech start-up Ondot is the latest US company to come out of hibernation and is now pushing a CardControl app that allows users to control nearly every aspect of how their credit or debit card is used directly from their smartphones. CardControl is a service, as first reported in Mashable that aims to reduce the prevalence of credit card fraud by ...
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Santander’s bank transforms its mobile banking into m-commerce marketplace

The new BZWBK24 mobile banking app enables its users in Poland to shop at a variety of merchants embedded in the application. Users can make daily shopping with home delivery, send flowers or buy bus tickets in nearly 30 major cities.  Soon to be released: booking flights, hotels, tickets to cinemas, ordering taxis and takeaway food from 1,500+ restaurants. Naturally, ...
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