Category Archives: Mobile Banking

Paym signs HSBC for business users

Paym is set to roll out its mobile payments service for Business Internet Banking subscribers of HSBC. Until now HSBC’s Paym service, which launched in the UK in April this year, has been limited to personal current account holders, but now the bank’s 6000,000 online business customers will also be able to sign up to receive payments direct to their ...
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Sharp shift to mobile banking means malware prevention needs to become a key consideration

As retail banks restructure to align with the uptake in mobile banking, the issue of mobile application security and malware attack prevention now needs to be brought to the fore to protect consumers. According to the British Bankers’ Association (BBA), digital banking transactions are now worth almost £1 billion a day, with UK mobile and internet banking transactions now being ...
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Barclays mobile banking apps processing £4 billion per month

UK banking customers are moving away from high-street branches and increasingly using mobile banking apps, according to recent research recent by Barclays. A study by the bank found that usage of its mobile banking apps has grown hugely in recent times, with customers accessing the offerings 29 times a second. In contrast, the average customer only visits a physical branch less than ...
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BPCE launch Twitter-based P2P payments

Banque Populaire Caisse d’Epargne (BPCE) has partnered with Twitter to let customers tweet money to each other via a P2P payments service. From October 2014, everyone with a bank card and a Twitter account in France will be able to use the P2P payment service through BPCE’s S-Money unit. Details on how the system will work are unreliable but S-Money’s mobile ...
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Yaap P2P payments via mobile ‘Money’ app

Yaap, the joint-venture between CaixaBank, Banco Santander and Telefónica, has releases Yaap money – a mobile app that facilitates the secure transfer of P2P payments instantaneously between users’ mobile phones. In order to send and receive money, users of the app will not need to know bank details - just the mobile number, Facebook username or Twitter username of the person ...
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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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