Mobile Banking Updates - Dec 21st

CPNI Brings Mobile Person to Person Payments to the Unbanked
"In the latest release of their Phone Authorized Transfer™ (PAT™) mobile commerce software, CPNI Inc. (CPNI) announced today the ability to send money to people not yet registered for the service and the ability to send money to people without bank accounts. The functionality, offered by CPNI’s person to person mobile payment solution PATsend™, enables Financial Institutions to attract new customers with an entirely new service."

Tyfone Chip Offers Mobile-Pay Step for Banks and Consumers
"The mobile banking technology vendor Tyfone Inc. has come up with a way for consumers to install payments capabilities in their phones. Banks are eager to turn mobile phones into payments devices using near-field communication chips that can make a handset function like a contactless payment card, but only a handful of phones have the technology today. Tyfone's new NFC product, a platform called u4ia (pronounced "euphoria"), is integrated into a standard memory card that consumers can insert into mobile phones."

Smart Card Alliance Introduces New Contactless and Mobile Payments Tools for Merchants
"The Smart Card Alliance Contactless and Mobile Payments Council today introduced new tools for merchants accepting or thinking about accepting contactless and mobile payments. Merchants can now access a model to calculate return on investment (ROI) for accepting contactless payments, as well as an online discussion forum to interact with and ask industry experts questions and post comments about contactless and mobile payments."

Standard Chartered launches Mobile Phone Banking
"Standard Chartered has launched a new Mobile Banking service, allowing customers to have full transactional access to their UAE bank accounts conveniently and securely through mobile phones both in the UAE and abroad. The new service which works on all mobile phones will allow customers to view bank account and credit card details, transfer funds, top up mobile phone credit and more, all through their mobile phone."