Tyfone Dissects Mobile Banking Terminology Confusion
"From Google (News - Alert) Wallet to Visa Wallet to the Isis Wallet, there has been no shortage of news about mobile banking, electronic wallets and NFC this past summer. But, according to Siva Narendra, president of Tyfone – a leading provider of mobile banking technology – there exists a lot of confusion surrounding the terms mobile wallets, electronic wallets and NFC, causing the three to incorrectly be used interchangeably. Recently, Narendra decided to take a stab at clearing up the air a bit."
Nigeria: How 'Mobile Money' Will Boost Nigerian Economy
"The Central Bank of Nigeria (CBN), in order to achieve its cashless policy for the country, recently licensed some operators to deliver the mobile money services in Nigeria. In this interview with Mr Tayo Oviosu, the Chief Executive Officer of Pagatech, a mobile payment service provider, he explained how the adoption of this mode of transaction would benefit Nigerians."
Advanced Merchant Solutions Launches Mobile Banking Solution for Apple's Mobile OS
"Advanced Merchant Solutions (MerchantAnywhere), a provider of solutions for mobile banking, has launched a new payment solution for Apple’s (News - Alert) mobile operating system. MerchantAnywhere officials explained that its Pocket Verifier Professional now available with iMerchant, is designed to help one transfer funds from their customer’s credit card directly into their checking account. The solution is capable of making use of the user PDA’ internet connection to authorize and transfer funds and allows them to conduct business anytime and anywhere."
Key Takeaways from the EFMA 2011 Mobile Banking & Payments Conference (part 2)
"3) Non-bank led innovation in mobile payments - On the mobile payments front, speakers and audience alike agreed that all innovation in this space is coming from non-traditional payment companies. Brands such as Google, PayPal, Apple and Square were omnipresent in all payments discussions, as were European mobile operators KPN, Telefonica/O2 and Orange in respect to NFC trials and commercial launches."
America First Credit Union Expands Mobile Banking with Mobilitifrom Fiserv
"Mobile Banking integrates tightly with America First's Online Banking, delivering a consistent experience across channels--25,000 new users signed up for America First Mobile Banking within five weeks of the expanded service launch."
Fiserv Tops Javelin's Mobile Banking Scorecard
"This week, Javelin Strategy and Research released its 2011-2012 Mobile Banking Vendor Scorecard. The report, now in its third year, provides a detailed analysis and ranking of the mobile banking solutions of 15 major vendors and also identifies the top 10 industry trends.
Vendors were scored in seven areas: market, applications and operating systems; platforms and scalability; basic features; alerts and advanced functionality; back office; security; and reviews, partners and installations. For the second year in a row, Fiserv ranked the best out of the 15 companies. FIS followed closely behind, and Sybase came in third. These three vendors' platforms were also rated the most secure."
SpyEye Trumps Mobile Banking SMS Security Systems
"Researchers from security solutions provider Trusteer have identified an advanced attack method utilizing the SpyEye Trojan which undermines mobile banking SM-based authentication systems.
SpyEye is a particularly nasty piece of malicious software which can harvest credentials for online accounts. The new attack is designed to harvest SMS text messages that contain a one-time use code sent to customers by institutions as an added security measure for clients engaged in mobile banking transactions, making SpyEye an even more powerful tool for stealing financial login credentials."
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