Saturday, June 12, 2021
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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...
biometric security

Using Biometrics to improve UX and secure transactions

Fingerprint biometrics has become one of the most widely used authentication modalities because of its long history, ease of use, performance, interoperability, ability to thwart imposters and low cost. To improve security, chips on cards...

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...
Cyber security

Visa and MasterCard launch cyber intelligence services

Visa and FireEye announced the launch of Visa Threat Intelligence, a cyber intelligence service, Powered by FireEye. Tailored to the needs of the payments industry, this new service will deliver real-time threat information to merchants and...

Diebold cardless ATM for Credit Union

ATM manufacturer Diebold has deployed a cardless ATM machine at Diebold Federal Credit Union that operates without a card reader or PIN pad. The ATM relies solely on mobile authentication, the vendor says. When a...

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...

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...
M-Pesa

Kenya: How agency and mobile banking took over country

Ever since M-Pesa and mobile banking was launched in Kenya 10 years ago, there has not been any other innovation that has come close to revolutionising and transforming the money transfer sector like agency...
Open access, Open banking and Open APIs

UK’s Open Banking Project expanded

The Open Banking Implementation Entity (OBIE), the body set up by the Competition & Markets Authority (CMA) to enable a new, secure way for customers to take control of their financial data and share...
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...

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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