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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. The 2023 study, which analyzed malware targeting banking apps, uncovered that 29 malware families targeted 1,800 banking applications across 61 countries last year.

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PrivatBank launches fund transfers via iMessage

The Paypers

(The Paypers) PrivatBank , a Ucranian bank, has added fund transfers via iMessage capabilities to Privat24, its mobile banking app.

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Banks Improve Digital Payment Options and Expand Mobile App Services for Small Businesses

Fintech Finance

Bank of America continues its winning streak in the annual benchmark that evaluates the online and mobile experience for small business customers of the top 11 national and regional banks that focus on small business digital banking.

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OCBC provides funds transfer via mobile messaging apps

The Paypers

(The Paypers) OCBC has granted its mobile banking users to type into messaging apps to initiate funds transfers to another mobile number.

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DMI, Wing Team Up on Cambodian Mobile Payments App

Payments Source

a mobile technologies software developer based in Bethesda, Md., has announced a collaboration with Cambodia-based mobile banking provider Wing for a mobile app enabling consumer and commercial funds transfers within the country.

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What is ACH Credit and ACH Debit and How Do They Work?

Stax

A customer authorizes these electronic payments by indicating it’s their preferred payment method for recurring bill payments or other essential funds transfers such as an annual tax payment. Of the two types of ACH transfers, an ACH debit tends to be favored by firms expecting regular ongoing payments.

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What Is an EFT Payment?

Payment Savvy

An Electronic Funds Transfer (EFT) is the movement of money electronically from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems. These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer.