Banks will feel the pain from mobile payment fraud
Payments Source
AUGUST 20, 2019
The mobile payment revolution has made mobile banking apps even more lucrative and attractive to crooks.
French payments app Lydia launches mobile bank
Finextra
MAY 15, 2024
French mobile payments app Lydia has launched a new challenger bank proposition with plans to invest €100 million in the new venture and hire 400 people over the next three years.
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Mobile payments growth can fix crypto’s security risk
Payments Source
APRIL 3, 2019
With many consumers now using online and mobile banking, there is a huge opportunity to incorporate blockchain solutions into the everyday payments experience, writes Andre Stoorvogel, director of product marketing for Rambus Payments.
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Mobile Banking On The Rise In France
PYMNTS
NOVEMBER 18, 2016
New research from comScore MobiLens revealed that mobile banking penetration in France is almost 30 percent. In Q2 2016, more than half (54 percent) of the country’s internet users visited online banking sites on a monthly basis, averaging 10 visits per month lasting more than five minutes each time. percent use banking apps.
i2c: Mobile Banking, Credit Drive FinTech Opportunities Beyond The ‘Simple’ DDA
PYMNTS
NOVEMBER 24, 2020
But while some might think the mobile banking innovation trend is a U.S.-dominated Mobile isn’t a U.S. Mobile isn’t a developed market phenomenon. He added that outsourcing technology to someone with an agile platform is one way to equalize the playing field and beat the big guys at their game. phenomenon.
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What is NFC Mobile Payment and How to Use It?
Payment Savvy
DECEMBER 2, 2022
Luckily, advances in payment technologies have paved the way for an improved experience at checkout, and such fast, secure, and convenient payment methods as near-field communication (NFC) entered the game. What are NFC Mobile Payments? NFC payments add immense convenience for today’s busy customers.
Pandemic's move to online payments comes with a fraud spike
Payments Source
MARCH 24, 2020
While financial institutions are encouraging customers to use their digital banking services rather than the branch or ATMs during the outbreak, attackers will also be looking to exploit this potential increased adoption of mobile banking and mobile payment apps, says OneSpan's Sam Bakken.
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Wirecard, VocaLink Team Up On Mobile Banking App
PYMNTS
DECEMBER 16, 2016
15) that Wirecard, the European payment and internet technology company, has joined the payment provider’s backing of the Pay by Bank mobile banking initiative. Wirecard will also incorporate the Pay by Bank app into its U.K. online merchant suite of alternative payment options.
Is a Gas Station in Michigan Test Driving the Future of Mobile Payments?
Payments Source
JULY 24, 2016
have another choice to make at the pump: Do they want to pay with a credit union's mobile banking app? Patrons of the GC Express gas station in Caro, Mich.,
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Mobile Payments Bridge Cash And Digital Divide In Pakistan
PYMNTS
JANUARY 14, 2021
In Pakistan, for firms seeking to spur that adoption and to foster financial inclusion, it’s important to have a “cash in, cash out” mindset, as Erwan Gelebart, CEO of digital wallet, mobile payments and digital banking provider JazzCash , told Karen Webster in an interview.
Visa's Open Strategy Helps NAB Improve Mobile Payments
Payments Source
SEPTEMBER 14, 2016
National Australia Bank will soon introduce several upgrades to its mobile banking app, including a feature that lets customers pay with Visa cards through the NAB app.
Banks get another ally in mobile payments with the new Masterpass
Payments Dive
JULY 14, 2016
MasterCard has announced some new features to its digital wallet service, including the ability for banks to add contactless payments to their Android mobile banking apps.
How EventBot malware exploits shift to mobile payments during coronavirus crisis
Payments Source
MAY 15, 2020
Criminals developing EventBot malware built it to take advantage of businesses and humans turning to mobile banking and payments in the current coronavirus crisis — but also to update itself on the fly to become more insidious in the future.
Upgrade’s New Debit Rewards Product Takes New Approach To Mobile Banking
PYMNTS
JANUARY 14, 2021
There is no shortage of digital-only banks offering a smoother onboarding process, a slick mobile interface and fee waivers in an effort to tempt consumers to leave their traditional bank. 14) that it is jumping into the world of mobile banking with the launch of a debit rewards product somewhat eye-catching. “We
Tencent Invests In Argentinian Mobile Banking Startup
PYMNTS
APRIL 23, 2019
Chinese technology conglomerate Tencent has invested in Argentinian mobile banking startup Uala, according to a report from Reuters. Point72 Ventures and George Soros have also invested in the mobile payment company.
Wells Fargo's big plan for mobile payments: Beverly Anderson
Payments Source
SEPTEMBER 27, 2018
Wells Fargo has numerous mobile banking and card account apps in the works, including Control Tower and Greenhouse, and those will inform its Pay with Wells Fargo project, according to Beverly Anderson, the bank's executive vice president of cards and retail services.
Android Pay Expands To Mobile Banking Apps
PYMNTS
APRIL 13, 2017
Android Pay announced new partnerships with a handful of banks from around the globe, including Bank of America, USAA, Bank of New Zealand, Discover and mBank. The hope is that customers will notice the payment option within their mobile banking app and possibly show interest in testing out mobile payments from there.
How will banks address mobile wallets?
Payments Dive
JULY 22, 2016
MasterCard's decision to enable banks to add an in-store payments element to their mobile banking app for NFC-ready Android smartphones has rekindled an industry debate about what works best for financial institutions and proximity mobile payments.
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104 Mobile Payments Fraud: How Strong Is Your Defensive Line?
FICO
DECEMBER 4, 2017
Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. Mobile Payments Proliferate. Mobile Payments Are Tied to DDA and Savings Accounts.
Mobile Bank Starling Joins Faster Payments
PYMNTS
JUNE 21, 2017
. “This is why we are excited to be working with Form3, which will enable our clients to benefit from high-standard cloud technology combined with Starling’s well-regarded Faster Payments settlement services.” ” Last year, Starling Bank raised $70 million before its debut in the U.K.
Mobeewave unveils contactless acceptance for mobile payment apps
Payments Dive
FEBRUARY 23, 2016
The company said the technology can be integrated into a mobile wallet or mobile banking app.
Digital Bank Startup Branch Offers Mobile Payments
PYMNTS
JUNE 16, 2020
The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. .
Mobile Banking Payments Evolve with More Payment Alternatives and Virtual Assistant-Supported Transactions
Fintech Finance
MARCH 27, 2024
Keynova Group , the principal competitive intelligence source for Mobile Banking Payments firms, has announced the results of the Q1 2024 edition of its semi-annual Mobile Banker Scorecard. Bank continued its winning streak, ranking No. mobile bank offerings. banks and credit unions.
Orange's new mobile bank is a big step for telco wallets
Payments Source
NOVEMBER 2, 2017
Telcos have long hoped to play a key role in mobile payments, and the mobile-only Orange Bank is a major push toward that goal.
Ondot, Citi Deal Promotes More Consumer Control Of Mobile Payments
PYMNTS
OCTOBER 22, 2018
Make consumers feel as though they are in charge, and give them more transparency into their personal payment transactions, and you might not only win their loyalty, but could also encourage them to spend more, or use your payment methods more often. 22) that involves mobile payment services provider Ondot Systems and Citi Ventures.
The Full List of Fintech Unicorns in Asia (2025)
Fintech News
APRIL 24, 2025
It also runs Asetku, an online wealth management service, and Neobank, a mobile banking service backed by Bank Neo Commerce. DANA offers a mobile payment platform that simplifies user payments. Dana Valuation: $1.3 billion DANA is a fintech company dedicated to making financial transactions accessible.
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RoPay Officially Launches – the First National Mobile Instant Payment Service
Fintech Finance
OCTOBER 15, 2024
TRANSFOND , the Romanian Banking Association , and the entire banking community in Romania announce that the new RoPay system has become operational. RoPay allows users to make instant mobile payments in line with the national payment scheme.
Biometric Mobile Payments Set To Explode In 2017
PYMNTS
MAY 9, 2017
Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. The company introduced biometric features to their app last year and credited those new features to winning the pair of awards.
DMI, Wing Team Up on Cambodian Mobile Payments App
Payments Source
JULY 29, 2016
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.
Fed Says Mobile Banking Usage On The Rise
PYMNTS
MARCH 31, 2016
The number of survey respondents who said they use mobile banking features rose by 4 percentage points over the survey in 2014, The Wall Street Journal reported, showing that interest in capabilities like mobile payments and being able to check an account balance on the go have also increased among adults.
Why Mobile Banking Is Key To Helping The Underserved
PYMNTS
MAY 26, 2016
A new report from the Federal Deposit Insurance Corporation (FDIC) shows that mobile banking can empower underserved customers to have greater control over their finances and ultimately open up access to mainstream banking. The good news is that mobile banking usage is reportedly on the rise.
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41 Deutsche Bank Offers German Customers HCE Mobile Payments
PYMNTS
APRIL 6, 2017
Customers of Deutsche Bank in Germany can now make host card emulation (HCE)–based mobile payments using their Mastercard linked to the bank’s Deutsche Bank Mobile app, according to NFC World. As the bank explained in a statement, customers can upload the app onto their Android smartphone (version 4.4
Two Big Banks’ Takes On Mobile Payments Interest
PYMNTS
JUNE 23, 2016
Two different banks — JPMorgan Chase and Bank of America. Two different studies on the same topic — mobile banking and mobile payments. Those consumers were asked how they felt about paying with mobile wallets. Bank of America also released the results of a mobile payments/banking survey this week.
Phone becomes a throw-in for mobile wallet app in South Africa
Payments Source
JUNE 12, 2018
MyBucks plans to give away entry-level smartphones, loaded with the company's financial technology, to encourage mobile payments, mobile banking and broader access to digital services in Africa, where financial innovation often moves quickly.
The New Nuke From Orbit UK Campaign Aiming to Empower Consumers in Fight Against Smartphone Theft
The Fintech Times
JANUARY 30, 2025
Mobile payments are set to become the nation’s preferred transaction method, but new sophisticated theft targets are quickly emerging, where the device is not the target of criminals – but the data therein. The challenge UK neobanks have recently surpassed traditional banks in app downloads , with 71.78
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Biometric authentication gives cards a head start
Payments Source
FEBRUARY 25, 2021
With mobile payments and banking apps on the rise, biometric authentication is now increasingly common in consumer finance, says Fingerprints' Michel Roig.
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New Banks Need Apps and NFC to Battle Incumbents
Payments Source
MARCH 15, 2016
NFC mobile payments continue to grab headlines, but to really drive uptake and ensure full market coverage, combining contactless cards with next-gen mobile banking apps is surely the right way to go for new banks.
Masterpass QR debuts in India amid cash crisis
Payments Source
NOVEMBER 16, 2016
Mastercard has launched its quick-response mobile payments system in India through its Masterpass mobile wallet, designed to help mobile banking users complete purchases through their mobile phones at the physical point of sale.
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Postbank Kenya Rolls Out Mobile Banking Platform
PYMNTS
AUGUST 10, 2018
As of now, over 45 million people in Kenya have a mobile phone. Banks are tapping into mobile banking, as telcos have rolled out services such as Eazzy and M-Pesa to reach consumers. Without mobile banking, it would cost $5 in bus fare to deliver the cash — a lot of money for most Kenyans.
Zurich FinTech neon Closes $5M Round For Mobile Banking Expansion
PYMNTS
SEPTEMBER 23, 2019
Neon is a simple and mobile banking solution that, even though very easy to use, offers a high level of security. Zurich-based FinTech company neon announced it has closed a $5 million fundraising round led by Tamedia. Zurich-based Backbone Ventures and several existing investors also participated in the round.
Android Malware Leaves Mobile Banking Users Vulnerable
PYMNTS
MARCH 7, 2016
New details from ESET researchers, a Slovakia-based company, suggests that there is a new strain of Android malware that has the ability to compromise mobile banking users’ login credentials.
Samsung SDS Partners On Mobile Payments Solution
PYMNTS
MAY 3, 2016
Infosys Finacle, part of EdgeVerve Systems, and Samsung SDS, a subsidiary of Samsung Electronics, announced a new partnership aimed at providing consumers with a frictionless mobile banking/payment solution.
Airtel’s Mobile Payment Bank Now Available Nationwide In India
PYMNTS
JANUARY 13, 2017
12) the national launch of a mobile payments bank, which, according to a report , is India’s first one. According to the report, Airtel is taking advantage of a big push by the Indian government to accelerate financial inclusion and bring more competition to the market by issuing payment bank licenses.
Turning UK Mobile Payment Awareness Into Usage
PYMNTS
MARCH 17, 2016
consumers know about mobile payments, that doesn’t mean they are going contactless. consumers really think about mobile payments and the 3 things that are needed to boost adoption. PYMNTS: For a few years now there has been talk about the approaching breakthrough of mobile payments.
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