US forecast for mobile p2p

Zelle claims 4m users and mobile P2P payment app

Zelle, the bank-based mobile P2P offering operated by Early Warning says more than 4 million people have enrolled in the mobile based payment network backed by many of the US’s largest banks, since its launch...
Square

Square announces it will apply for bank licence

Square says it plans to submit an application to form a wholly owned bank based in Utah. The unit, to be called Square Financial Services, would offer loans and deposit accounts to small businesses...
Biometric security

Australian banks to kill PINs by pushing towards biometric authentication

Consumers will soon be able to forget about PINs and frustratingly long 16-digit card numbers when shopping online and in the real world, as Visa moves to make Australian banks build infrastructure and put...
biometric security

Are banks using the best biometric security systems available?

Many banks around the world, large and small, continue to experience major security failures. At this year’s Kaspersky Security Analyst Summit, analysts explained their investigation of the takeover of a bank for several hours...
Tandem acquires Harrods Bank

Digital start-up Tandem acquires Harrods Bank

Digital start-up bank Tandem has agreed to buy Harrods Bank, four months after seeing a £35 million funding deal collapse. Tandem, which says it is building a mobile-only bank, announced on Monday that it has signed a...
Mobile-Banking-Functionality-Use-by-Age

Mobile banking and its use as a payments channel

58% of US smartphone users have downloaded a mobile banking app for their primary checking account, and 50% of US smartphone users (including 68% of those under 35 and 31% of those 55 and...
Screen Scraping

Screen scraping argument hots up as EBA rejects PSD2 amendment

The bank Vs FinTech screen scraping argument just got worse as the EBA (European Banking Authority) rejected an amendment to the Payment Services Directive (PSD2) proposed by the European Commission designed to allow the continuation of screen scraping. The EBA...
PINs and Passwords Vs mobile biometrics

Overcoming mobile biometrics challenge in financial services

The vast majority of consumers—93%—prefer biometrics over passwords for authenticating payments or other financial services. This comes as no surprise, as using biometrics is more secure and eliminates the hassle of having to recall...
TYPE OF BANK INTERACTIONS DURING PAST 30 DAYS

Study shows UK high street banks falling behind challenger banks

New research from FIS reveals that Britain’s challenger banks are outscoring their High Street counterparts in meeting their needs for digital payments, easy to understand and use products/services, innovative products/services and anywhere/anytime connectivity to their...
The EBA is wrong about screen scraping

Fight over EBA’s recommendation on Screen Scraping hots up as banks up the ante

Just days after a coalition of 56 FinTech vendors lobbied the European Banking Authority in a strongly worded petition regarding the practice of Screen Scraping, The European Banking Federation (EBF) is asking the European Commission (EC) for...

Latest News

PSD2 and Europe’s Open Banking Mandate – a report

In a new report, PSD2 and Europe’s Open Banking Mandate,  we aim to analyse the implications of the revised Payment Services Directive, PSD2, for the...
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