Wednesday, January 22, 2020
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Mobile financial services used by 20% of Americans

One out of five American consumers used their mobile phone to access their bank account, credit card, or other financial account in the 12 months ending in January 2012 and an additional one out...

Mobile banking set for rapid adoption in SA

Consulting services and outsourcing group Accenture South Africa says that the stage was is set for the rapid adoption of mobile banking in South Africa, with more than 60% of the local adult population...

Wells Fargo launches customer-to-customer money transfers

Wells Fargo has announced its new mobile customer-to-customer payment option, which allows its customers to transfer money to each other via the Wells Fargo Mobile Banking service. 'More and more Americans are using mobile devices...

50% of US smartphone owners use mobile banking

The use of mobile phones to access a bank account, credit card, or other financial account became more prevalent in the Unites States last year, according to the Federal Reserve Board's latest report on...

Changes to traditional banking ahead

As a strained economy spurs consumers to chase the best rates and banks to cut costs, internet-only banks stand to prosper while traditional branch traffic will stagnate, according to TowerGroup. Recent research from the advisory...

M-banking users to exceed 1 billion in 2017

A new report from Juniper Research finds that over 1 billion mobile phone users will have made use of their mobile devices for banking purposes by the end of 2017, compared to just over...
Open access, Open banking and Open APIs

UK’s Open Banking initiative goes live after managed roll out

The Open Banking initiative in the UK has finished a three-month managed roll out programme, leaving regulated companies free to start offering Open Banking related services. Since mid-January, the Open Banking Implementation Entity has carried...

NatWest to trial iPhone NFC payments

UK bank NatWest is to use a 'TouchPay' app and a special case with a contactless chip inside. The bank says the four-month pilot will involve 1,000 iPhone 4s and iPhone 4 customers. They...

Mobile banking has potential to boost customer service

Banks are gradually improving their business and offerings to attain higher levels of customer satisfaction, but have yet to fully leverage their mobile banking services, according to the 9th annual World Retail Banking Report. The...

Atom Bank app goes live

Atom Bank, the UK’s first bank designed for digital and optimised for mobile, announces that the restriction on its regulatory authorisation has been lifted, and as of today opens its virtual doors. Atom is...

Latest News

Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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