Mobile


FIS to Offer Zelle Network P2P Service

Financial services providers that work with FIS will be able to ramp up their real-time payments capabilities quickly now that the company is integrating with Early Warning’s Zelle Network P2P service. Using FIS PayNet and the financial technology provider’s open payment framework, the P2P service will be offered as part of FIS’s other real-time payment services, such as digital e-gifting, bill payment and external transfers.

New mobile bank Pepper goes interactive with Playbuzz

Bank Leumi’s new mobile banking subsidiary, Pepper, is working with digital authoring platform Playbuzz “to enhance user experience and engagement through personalised content”. Content created with Playbuzz’s suite of interactive formats, such as polls, quizzes and flip cards, will be embedded into Pepper’s banking app (to be launched in Q1 2017).

Case study: KeyBank – treasure the moment

Treasury professionals are finally adopting mobile cash management, says Melissa Zajac, vice-president and senior product manager, Key Total Treasury, KeyBank’s corporate online channel. Slowly but steadily. So what are the best practices?

Apple Wins Mobile Wallet Victory in Australia

Apple has scored a big win in Australia for the company’s mobile wallet. That country’s competition regulator has denied a request by big local banks to collectively negotiate over the introduction of Apple Pay there.

New funding round values Stripe at $9.2bn

San Francisco-based online and mobile payments technology provider Stripe was valued at $5 billion during its previous funding round in July 2015—meaning its valuation nearly doubled in less than a year and a half.

Infographics: the fintech landscape

It’s infographics time! A great compilation of fintech companies, showing how we’ve gone from graph paper to personal data algorithms – and everything in between.

Leumi Card behaves with biometric mobile app

Israel-based Bank Leumi’s credit card subsidiary, Leumi Card, will launch a “first-of-its-kind” integration of a mobile security product based on behavioural biometrics. Using Israeli start-up SecuredTouch’s solution embedded in the Leumi Card app, it will eliminate the need for passwords. SecuredTouch’s technology allows user identification based on a “unique” personal usage profile within the mobile […]

Chasing the Competition: U.S.’s Largest Bank Debuts Chase Pay App

A little more than a year after the bank announced plans for its Chase Pay mobile wallet—and just in time for Black Friday—customers of the U.S.’s largest bank by assets finally can use the Chase Pay app in stores, online and for in-app payments. The industry will have to wait and see if this is the watershed moment for mobile wallet adoption, some payments experts have predicted.

Wirecard Rolls out Virtual Visa Prepaid Card in the Netherlands

Wirecard has begun issuing in the Netherlands the pay2d Visa card, a virtual prepaid card for online payments. Wirecard, which worked on the card with fintech firm 3V Benelux B.V., said this marks its first virtual prepaid card rolled out in that country.

Viva Mobile Ticketing in Las Vegas

Consumers in southern Nevada now are able to purchase transit passes using the recently launched rideRTC app for Apple and Android smartphones.

Bunq and Veridium join hands for mobile banking biometrics

Dutch mobile-only challenger bank Bunq is using Veridium’s hand recognition software for its new app. The app will now use VeridiumID and its software, 4 Fingers TouchlessID. With their collaboration, Veridium and Bunq say this is a “world first” for “safe” mobile banking. Todd Shollenbarger, COO of Veridium, calls Bunq’s banking platform a “market disruptor”. […]

The Rise of M-Commerce: Tips for Effective Mobile Marketing, Sales

Mobile commerce is on the rise—and as the busy holiday shopping season nears, now is a key time for retailers to examine how they can improve their brand’s efforts around m-commerce. Discover offers insights into how retailers can use the mobile channel to market their offerings and drive engagement and sales.

QR Masterpass Payments Could Bolster India’s Cashless Bid

With India’s recent abolition of some high-denomination paper currency already driving an uptick in electronic payments, Mastercard is bringing a QR code-based version of its Masterpass mobile payments service to the country. Launched in partnership with Ratnakar Bank Limited (RBL), Masterpass QR enables users to make in-store payments via scan of a QR code displayed on a smartphone.

Visa Pushes Mobile Biometrics for Authentication

Visa hopes to spread the use of biometrics authentication by developing a mobile app that enables the use of multiple biometrics markers. The idea behind the technology, which Visa says it’s creating with BioConnect, is that if a consumer’s default biometric fails to work for some reason, the app will allow that person to use another such marker. For instance, a person’s fingers might be too damp to allow fingerprint access into a device, so the app might then enable voice recognition.

Samsung Pay Launches Rewards Program

Heeding the advice of many payments experts who say mobile wallets need to do more than enable payments, Samsung has launched a points-based rewards program for Samsung Pay. Consumers using the mobile wallet for purchases can earn points from those transactions and then use those points to buy Samsung products and vouchers, along with gift cards and value that can be transferred to the Samsung Rewards Visa prepaid card.

New Text-Based Service Could Help Nigerian E-Payments Push

A group of financial services and telecom providers has banded together to launch a new mobile payment service to help increase electronic payments in Nigeria. Known as mCASH, the platform is a joint venture of the Nigeria Inter-Bank Settlement System, numerous Nigerian deposit banks and the country’s four main telecom providers: Etisalat, MTN, Airtel and Globacom.

Citi Pay on Way as Bank Is Latest to M-Wallet Fray

The recent surge of bank-backed mobile wallets continues, with Citi the latest financial institution to announce it’s getting into the game. The bank on Nov. 10 unveiled its Citi Pay app, which will enable customers to make online and mobile purchases using their Citi card accounts via Mastercard’s Masterpass digital payments service.

Mobile-only bank Pepper gears up for launch in Israel

Israel’s Bank Leumi is gearing up for the launch of its new digital banking subsidiary, Pepper. It is expected to open its virtual doors for business before the end of 2016. The tech is provided by Temenos.

Wirecard, GPS Team up to Provide New Prepaid Account for Consumers

Fintech companies and challenger banks in the U.K. have a new tool for targeting consumers without traditional banking relationships. Prepaid card issuer Wirecard Card Solutions Ltd., a subsidiary of Wirecard AG, is working with payments processor GPS and Bottomline Technologies to support a digital banking solution called “U,” which was designed by U.K. program manager FFF Ltd.

Chase Pay Lands Walmart, More MCX Retailers to Come?

It may not be surprising that MCX’s largest member will support Chase Pay, but it’s still a coup for the bank-backed mobile wallet, which already has deals with some other retail heavyweights. Walmart will begin accepting Chase Pay starting in 2017.

Fintech funding round-up: 4 November 2016

Let’s put the fun in funding by keeping it mercifully brief. A round-up of some key events. KEEN Venture Partners, a new venture capital firm operating from London and Amsterdam, has announced €90 million first close of its inaugural fund. It will use the money to provide early growth capital for tech firms with a […]

Top fintech stories this week – 4 November 2016

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Weatherbys Bank live with new core banking system EXCLUSIVE. Oracle FSS’s Flexcube flexes its muscles. Mobile payments and European millennials Vocalink reveals millennials’ habits and perceptions. Japan rises to blockchain challenge with new consortium Launches with 42 member […]

Dunkin’ Donuts Enables Gifting within iMessage

As the holiday shopping season kicks into gear, Dunkin’ Donuts customers now can send gifts via Apple iMessage in iOS 10. The popular chain—and longtime mobile pioneer—is the first national coffee retailer to integrate with the updated messaging service, which enables users to access the Dunkin’ Mobile App within a chat and purchase a mobile gift card using Apple Pay.

Smart Card Alliance Calls for More Secure IoT Devices

In the wake of a massive distributed denial-of-service (DDoS) attack that shut down hundreds of Websites in October, the Smart Card Alliance has issued a warning on the “critical need” to ramp up security on hundreds of thousands of Internet-connected devices. It’s those devices—which range from cars to refrigerators and make up the Internet of Things (IoT)—that hackers are hijacking and incorporating into their botnet attacks, making attacks large enough to overwhelm Websites’ defenses—as was the case in the most recent attack, which affected major Websites including Twitter, Netflix and Spotify, among others.

N.Y. Facing BitLicense Backlog after Lawsky Departure

New York State’s pioneering BitLicense program could be losing momentum after the departure of New York State Department of Financial Services (NYDFS) head Benjamin Lawsky last year. The state has issued just two BitLicenses since enacting the program in June 2015, shortly before Lawsky left the agency. Another 15 licenses are pending, while four applications have been withdrawn and four others have been denied, according to Reuters, citing an NYDFS spokesperson.

India, Singapore Banks Launching Sound-Based Payment Services

Audio-based payments continue to make noise with India’s YES Bank enabling payments via sound waves over its mobile wallet and OCBC Bank becoming the first in the Asia Pacific region to enable secure payments via Apple’s Siri service.

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