Thursday, August 11, 2022
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Are Banks from Mars, Mobile Banking Technology Vendors from Venus?

Although talked about for years, mobile banking has become a reality in 2010, to the point where it is viewed as the "fifth channel" of banking. By the end of this year, the majority...

Mobile remote deposit capture – once consumers use it they love it

Financial institutions will need to aggressively promote the benefits of mobile remote deposit capture service in their marketing communications in order to grow its usage, according to a recent survey by SYNERGISTICS Research entitled,...

Equity launches thin SIM mobile money service

Equity Bank has launched its telecommunications services under Equitel, the brand name for its fully-owned subsidiary Finserve Africa. The largest lender by customer base has been issuing ordinary SIM cards at its banking halls since October last year after...

MTN initiative reaches million-customer milestone

Mobile Money, a mobile banking initiative by mobile operator MTN that uses Pick n Pay and Boxer stores as branches, has reached a million customers and processed more than R1 billion in its first...

Commonwealth Bank taps m-banking market

Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, is tapping into growing mobile banking market in the country, benefiting the increasing number of middle-class people in the largest economy in Southeast Asia. 'Up...

KPMG: Banks race to monetize mobile payments

Faced with growing competitive threats from non-traditional sources, such as alternative payment providers, banks around the world have aggressively swung their attention to emerging mobile platforms to defend their payments revenues, according to...

Mobile banking the UK’s number one way to bank

Mobile banking by smartphone and tablet has become the leading way customers manage their finances, as mobile banking overtakes branches and the internet as the most popular way to bank. New research from CACI for...

MMV and Citi launch m-banking in Philippines

Mobile Money Ventures (MMV) has announced it has teamed up with Citibank to offer the first browser-based mobile banking solution in the Philippines. Citi Mobile Banking allows customers to securely manage their banking needs from...

RBI sets up committee to explore potential of encrypted SMS mobile banking

A Technical Committee on Mobile Banking has been set up by The Reserve Bank of India to explore the possibility of providing SMS-based mobile banking on all types of phones. The Technical Committee on Mobile...

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...

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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