Mobile Banking Takes Off In Nigeria
"When he graduated from the Stanford Graduate School of Business with an MBA in 2005, Nigerian-born Tayo Oviosu said advice from the business world in his home country was loud and clear—'don't come back.' At that time, he explained, 'Nigeria was still about who you knew, and people did not yet properly value experience from abroad.'"
Cellulant to run Barclays M-Banking services
"Cellulant Kenya has sealed a deal to provide mobile banking services for Barclays Africa across its markets in the continent. In a venture dubbed, ‘One Africa’ Barclays Bank has entered into a deal with Cellulant to offer satisfying customer digital experience."
Emerging Markets Set Stage for Mobile Wallet Shopping
"Increased use of mobile money in Kenya has created a ripe environment for the use of near field communication (NFC) technology and other forms of mobile wallets which could be more widely accepted as payment systems compared to traditional ones such as credit cards. Adoption of the alternative payment systems could not only further slow the growth of the use of credit cards but could also see the creation of a new market for NFC-enabled devices including point of sale terminals and mobile phones in the country."
Is mobile banking demand on the climb?
"Canadians are increasingly embracing mobile computing but are we keeners to access our bank accounts from smartphones or tablets? The answer to that question depends on whom you talk to. From the customer's perspective, mobile banking is about convenience. For the banks, mobile banking is about providing self-service options and increasing the number of transactions per customer. Thus more transactions will take place but at a lower cost-per-transaction."
MICROCAPITAL BRIEF: Obopay, Warid Telecom Partner to Launch Warid Pesa Mobile Banking and Payment Service in Uganda
"Obopay, a mobile payments company headquartered in the US state of California, has partnered with Warid Telecom, a Pakistan-based postpaid cellular phone service provider, to launch a mobile banking and payment service in Uganda called Warid Pesa. Warid Pesa allows customers to transfer money to other people and merchants, request money, obtain statements, obtain account balances, change personal identity numbers and top up prepaid phones for themselves or others."
Citi Hungary mobile app with GPS puts branches/ATMs on the map
"Batara Sianturi, Citi Country Officer for Hungary, said, 'Citibank Mobile Banking allows customers to enjoy a superior, secure and smart banking experience anytime and anywhere in the world, including transactions on their Citibank accounts. With this new application, we have made another significant step in reaching our goal to become the world's and Hungary's leading digital bank.'"
New considerations for mobile banking strategies in Europe
"comScore and Telefónica Germany announced the results of "Connected Europe" Study which highlights how smartphones and tablets are shifting media consumption in Europe. With regards to mobile banking, the study shows that over 20% of smartphone users in Europe accessed their bank accounts with their mobile devices and 12% used electronic payment services to pay for goods from their mobile phone."
Mobile Banking 2012 to reach new heights
"Trade Conferences International is proud to bring you the second annual Mobile Banking Southern Africa conference and exhibition. It will be held at the Indaba Hotel, Fourways, from 13 to 15 March and promises to be all that the 2011 event was, and more."
Showing posts with label Obopay. Show all posts
Showing posts with label Obopay. Show all posts
Wednesday, February 1, 2012
Wednesday, January 25, 2012
Mobile Banking Updates - Jan 25
Obopay Partners With Warid Telecom to Launch Warid Pesa in Uganda
"Obopay, a leading mobile banking and payment solution provider globally, today announced its collaboration with Warid Telecom, an Abu Dhabi Group company. Together the companies are set to launch a mobile banking and payment service, Warid Pesa, in Uganda. Launched in the wake of growing demand for mobile payments in Uganda, Warid Pesa provides a prepaid account that enables customers to perform e-money transactions, pay for goods and services as well as settle accounts."
The Value Of Mobile Payments Is Beyond Transactions
"All of this comes at a time when there is no single standard for new mobile payments technology. Isis and Google are backing conflicting versions of the same technology (Near Field Communications, or NFC), and equally significant players like PayPal are going entirely different directions with cloud-based (rather than hardware-based) mobile payment initiatives. Square and Intuit have circumvented the traditional payments network with their own respective additions to the transactional process (Square’s reader and Intuit’s GoPayment device)."
Help Desks Face Increasing Pressure to Support Mobile Banking
"Support desk staff are likely to find themselves under increased pressure from customers and co-workers needing assistants with mobile banking, with a study from Juniper finding that the number of people using the channel will almost double by 2013. The finance sector has been one of the pioneers of internet and more recently mobile service provision, meaning that trends it follows are likely to be mirrored by other industries at a later date."
FTSI Announces New Professional Services Division For Credit Unions and Community Banks
"FTSI, the leader in independent, self-service technology solutions in the Western region, is debuting six new professional services for credit unions and community banks. These new services complement FTSI's core competencies: ATM product sales, maintenance services and cash management. The new services, which offer financial institutions cost effective technology solutions that drive savings to the bottom line, have been developed based on FTSI's industry expertise and fostering relationships with key partners."
"Obopay, a leading mobile banking and payment solution provider globally, today announced its collaboration with Warid Telecom, an Abu Dhabi Group company. Together the companies are set to launch a mobile banking and payment service, Warid Pesa, in Uganda. Launched in the wake of growing demand for mobile payments in Uganda, Warid Pesa provides a prepaid account that enables customers to perform e-money transactions, pay for goods and services as well as settle accounts."
The Value Of Mobile Payments Is Beyond Transactions
"All of this comes at a time when there is no single standard for new mobile payments technology. Isis and Google are backing conflicting versions of the same technology (Near Field Communications, or NFC), and equally significant players like PayPal are going entirely different directions with cloud-based (rather than hardware-based) mobile payment initiatives. Square and Intuit have circumvented the traditional payments network with their own respective additions to the transactional process (Square’s reader and Intuit’s GoPayment device)."
Help Desks Face Increasing Pressure to Support Mobile Banking
"Support desk staff are likely to find themselves under increased pressure from customers and co-workers needing assistants with mobile banking, with a study from Juniper finding that the number of people using the channel will almost double by 2013. The finance sector has been one of the pioneers of internet and more recently mobile service provision, meaning that trends it follows are likely to be mirrored by other industries at a later date."
FTSI Announces New Professional Services Division For Credit Unions and Community Banks
"FTSI, the leader in independent, self-service technology solutions in the Western region, is debuting six new professional services for credit unions and community banks. These new services complement FTSI's core competencies: ATM product sales, maintenance services and cash management. The new services, which offer financial institutions cost effective technology solutions that drive savings to the bottom line, have been developed based on FTSI's industry expertise and fostering relationships with key partners."
Tuesday, January 18, 2011
Mobile Banking Updates International - Jan 18
Mobile Technology Creates New Opportunities In Post-Earthquake Haiti
"The one year anniversary of the devastating 7.0 magnitude earthquake has come and gone. While the efficiency of Haiti's relief and rebuilding efforts have been criticized by politicians and citizens alike, there is a powerful tool that has brought much assistance to the Haitian people and whose market for change continues to expand: the cellular phone."
SBI-Airtel form JV for mobile banking
"SBI and Airtel have joined hands to form a new company that will offer mobile banking services. The initiative is aimed at financial inclusion of the un-banked population in the country. Under the new initiative Airtel outlets and retailers will serve as business correspondents (BC) of SBI (State Bank of India) and the bank's customers will be able to deposit and withdraw money from their accounts at Airtel outlets. They will also be able to transfer this money to others electronically as well from Airtel and SBI outlets. Services in the near future will include loans, insurance, credit cards and purchase transactions."
Deepak Chandnani promoted as Obopay global CEO
"Obopay, a leading mobile banking and payment provider, today announced the promotion of its President, Deepak Chandnani as CEO of Obopay, Inc. Founder and CEO, Carol Realini will assume the new role of Executive Chairman. In his new role, Chandnani will focus on the company’s significant growth in size and geographic scope, while Realini will continue her focus on corporate strategy as well as furthering Obopay’s corporate vision: evangelizing the need for mobile money and building its widespread adoption throughout the world."
Half of Tanzania’s population on phone
"A research team at the University of Dar es Salaam says half the Tanzanian population is currently hooked to mobile phones, and that it takes just a handset to run a business in the country. Led by Prof Ophelia Mascarenhas of the university, there is no need for offices, visiting cards or huge capital investments."
Gates Foundation, USAID Give Prize for Haiti Help
"A $2.5 million prize to get Haitians buying, selling and banking with their mobile phones didn't push the winner into the mobile banking business, but the Gates Foundation's incentive did make the company move much faster. 'It was a real gruesome race,' Digicel CEO Maarten Boute after the Bill & Melinda Gates Foundation announced Monday that his company had won the money for being first to establish cell phone banking in Haiti in less than six months."
"The one year anniversary of the devastating 7.0 magnitude earthquake has come and gone. While the efficiency of Haiti's relief and rebuilding efforts have been criticized by politicians and citizens alike, there is a powerful tool that has brought much assistance to the Haitian people and whose market for change continues to expand: the cellular phone."
SBI-Airtel form JV for mobile banking
"SBI and Airtel have joined hands to form a new company that will offer mobile banking services. The initiative is aimed at financial inclusion of the un-banked population in the country. Under the new initiative Airtel outlets and retailers will serve as business correspondents (BC) of SBI (State Bank of India) and the bank's customers will be able to deposit and withdraw money from their accounts at Airtel outlets. They will also be able to transfer this money to others electronically as well from Airtel and SBI outlets. Services in the near future will include loans, insurance, credit cards and purchase transactions."
Deepak Chandnani promoted as Obopay global CEO
"Obopay, a leading mobile banking and payment provider, today announced the promotion of its President, Deepak Chandnani as CEO of Obopay, Inc. Founder and CEO, Carol Realini will assume the new role of Executive Chairman. In his new role, Chandnani will focus on the company’s significant growth in size and geographic scope, while Realini will continue her focus on corporate strategy as well as furthering Obopay’s corporate vision: evangelizing the need for mobile money and building its widespread adoption throughout the world."
Half of Tanzania’s population on phone
"A research team at the University of Dar es Salaam says half the Tanzanian population is currently hooked to mobile phones, and that it takes just a handset to run a business in the country. Led by Prof Ophelia Mascarenhas of the university, there is no need for offices, visiting cards or huge capital investments."
Gates Foundation, USAID Give Prize for Haiti Help
"A $2.5 million prize to get Haitians buying, selling and banking with their mobile phones didn't push the winner into the mobile banking business, but the Gates Foundation's incentive did make the company move much faster. 'It was a real gruesome race,' Digicel CEO Maarten Boute after the Bill & Melinda Gates Foundation announced Monday that his company had won the money for being first to establish cell phone banking in Haiti in less than six months."
Tuesday, October 26, 2010
Mobile Banking Vendor Updates - Oct 26
S1 Mobile Adoption on the Rise
"S1, a leading global provider of payments and financial services software solutions, today announced that more than 35 customers across three continents have licensed the S1 Mobile application. In addition, S1 mobile-enabled customer applications are available on the App Store(SM) for the following financial institutions: Trustmark, Mercantile Bank of Michigan, First Community Bank, and Ventura County Credit Union."
Fidelity Information Systems provides mobile banking platform for Virginia credit union
"Fidelity Information Systems (FIS) Inc. announced today that it has implemented a mobile banking platform for Chartway Federal Credit Union, which is based in Virginia Beach, Va. Fidelity's mobile banking platform enables Chartway members to check account balances, view account transactions, transfer funds between accounts and receive text alerts. The mobile banking platform has been a hit with credit union members."
Infosys Launches Finacle Mobile Banking 2.0
"According to Haragopal Mangipudi, Global Head - Finacle, Infosys Technologies, 'As channel innovation continues to be a strategic priority for progressive banks, mobile banking has truly come of age. Finacle mobile banking 2.0 enables banks to create and leverage game-changing opportunities, through the mobile channel, to build, deepen and institutionalize relationships with both customers and new emerging consumer segments.'"
mFoundry Launches Mobile Banking 'Adoption Guarantee'
"mFoundry, the award-winning provider of secure mobile financial solutions, announced today that it is launching an "Adoption Services" program to complement its "90 Day to Live" club. New mFoundry customers can take advantage of an optional package of adoption services that guarantees a minimum adoption rate of 10% of the marketed base within one year of launch."
Mobile Photo Bill Pay
"After establishing online-bill-payment arrangements as part of their banking account, users of Mobile Photo Bill Pay can initiate e-bill-payment sessions on their smartphones, then simply snap photos of the bills they want to pay, verify the payment information and click on the app's "PAY" button."
Consumers See Mobile Payments as Reason to Stay with or Change Banks
"Obopay has announced the results of a recent survey exploring consumer attitudes about mobile payments and banking in the U.S. 53% of consumers interested in a mobile payment service would consider changing banks if another bank offered the service. 70% of those responding indicated that if the service allowed them to get paid, send or receive money by mobile phone, it would be an incentive to remain at their bank."
"S1, a leading global provider of payments and financial services software solutions, today announced that more than 35 customers across three continents have licensed the S1 Mobile application. In addition, S1 mobile-enabled customer applications are available on the App Store(SM) for the following financial institutions: Trustmark, Mercantile Bank of Michigan, First Community Bank, and Ventura County Credit Union."
Fidelity Information Systems provides mobile banking platform for Virginia credit union
"Fidelity Information Systems (FIS) Inc. announced today that it has implemented a mobile banking platform for Chartway Federal Credit Union, which is based in Virginia Beach, Va. Fidelity's mobile banking platform enables Chartway members to check account balances, view account transactions, transfer funds between accounts and receive text alerts. The mobile banking platform has been a hit with credit union members."
Infosys Launches Finacle Mobile Banking 2.0
"According to Haragopal Mangipudi, Global Head - Finacle, Infosys Technologies, 'As channel innovation continues to be a strategic priority for progressive banks, mobile banking has truly come of age. Finacle mobile banking 2.0 enables banks to create and leverage game-changing opportunities, through the mobile channel, to build, deepen and institutionalize relationships with both customers and new emerging consumer segments.'"
mFoundry Launches Mobile Banking 'Adoption Guarantee'
"mFoundry, the award-winning provider of secure mobile financial solutions, announced today that it is launching an "Adoption Services" program to complement its "90 Day to Live" club. New mFoundry customers can take advantage of an optional package of adoption services that guarantees a minimum adoption rate of 10% of the marketed base within one year of launch."
Mobile Photo Bill Pay
"After establishing online-bill-payment arrangements as part of their banking account, users of Mobile Photo Bill Pay can initiate e-bill-payment sessions on their smartphones, then simply snap photos of the bills they want to pay, verify the payment information and click on the app's "PAY" button."
Consumers See Mobile Payments as Reason to Stay with or Change Banks
"Obopay has announced the results of a recent survey exploring consumer attitudes about mobile payments and banking in the U.S. 53% of consumers interested in a mobile payment service would consider changing banks if another bank offered the service. 70% of those responding indicated that if the service allowed them to get paid, send or receive money by mobile phone, it would be an incentive to remain at their bank."
Sunday, September 19, 2010
Mobile Banking Updates - Sept 19
The Mobile Banking Webinar - Sept 22 The London Stock Exchange
Tim France-Massey, Royal Bank of Scotland
Phil Sowter, Barclays
Paul Berney. Mobile Marketing Association
Mobile Service Targets Cambodia's 'Unbanked'
"How do you roll out a banking service in a place where most people don't have bank accounts? Australia & New Zealand Banking Group Ltd. tackled that question in developing WING, a banking and payment system it launched in Cambodia early last year. In Phnom Penh, said Peter Dalton, ANZ's general manager for innovation, it's not uncommon for workers to send money to relatives in rural areas via a taxi-bound courier, which is risky as well as expensive. The Melbourne, Australia, bank estimates that only about 500,000 of the country's 14 million population have bank accounts, but 'there is a need for saving and sending money,' he said."
Obopay and Star Network Partner for Mobile Transfers
"The agreement enables Obopay to offer the industry's only mobile money transfer solution with real-time capabilities that places the demand deposit account at the center of the transaction, the company said. The Star Network offers transaction speeds that are not possible with Automated Clearing House (ACH) transfers, which often take several days to process. With this service, financial institutions can offer a secure and convenient way for their customers and members to send and receive money using their mobile phones."
Afghanistan shows the UK how mobile banking should be done
"Last week on TV I saw a Barclays Bank ad showing how 'easy' it was for people to use their phones for mobile banking and I realised how far the UK is behind when it comes to this business. It was the first such commercial I'd seen.
The plethora of cash machines that appear to be in every shop nowadays and the (recently treated) plague of credit cards means UK banks have been woefully slow in offering customers this service. Meanwhile, in poverty-stricken countries such as Afghanistan it is transforming lives and probably saving them as well."
BofA Tests Mobile Payments
"Bank of America is extending its mobile financial offer, giving contactless chip-based payments another shot in the U.S. Mobile payments and mobile banking are quickly changing the financial landscape, not just for consumers but also for banks and credit unions. So what new opportunities are emerging in the arena of payments, and how are U.S. consumers expected to embrace these options?"
First Data to offer turnkey NFC service to US banks from early 2011
"First Data has partnered with South Korea's SK C&C to offer turnkey NFC-based TSM and mobile wallet services to its US banking and merchant customer base. The two companies will deliver a complete set of mobile commerce services to First Data's financial institution and merchant customers, including a TSM (trusted service manager) platform and mobile wallet software. Credit, debit, prepaid and gift cards will all be supported."
Banks need to go mobile to improve customer opinion
"New research from digital agency YouGov has revealed that banks could hugely improve their customer’s opinions by launching mobile banking services. The study, commissioned by on-line financial services company Intelligent Enviroments, reveals that 25% of people aged between 18 and 34 would be more approving of their bank if they were offered mobile features."
Tim France-Massey, Royal Bank of Scotland
Phil Sowter, Barclays
Paul Berney. Mobile Marketing Association
Mobile Service Targets Cambodia's 'Unbanked'
"How do you roll out a banking service in a place where most people don't have bank accounts? Australia & New Zealand Banking Group Ltd. tackled that question in developing WING, a banking and payment system it launched in Cambodia early last year. In Phnom Penh, said Peter Dalton, ANZ's general manager for innovation, it's not uncommon for workers to send money to relatives in rural areas via a taxi-bound courier, which is risky as well as expensive. The Melbourne, Australia, bank estimates that only about 500,000 of the country's 14 million population have bank accounts, but 'there is a need for saving and sending money,' he said."
Obopay and Star Network Partner for Mobile Transfers
"The agreement enables Obopay to offer the industry's only mobile money transfer solution with real-time capabilities that places the demand deposit account at the center of the transaction, the company said. The Star Network offers transaction speeds that are not possible with Automated Clearing House (ACH) transfers, which often take several days to process. With this service, financial institutions can offer a secure and convenient way for their customers and members to send and receive money using their mobile phones."
Afghanistan shows the UK how mobile banking should be done
"Last week on TV I saw a Barclays Bank ad showing how 'easy' it was for people to use their phones for mobile banking and I realised how far the UK is behind when it comes to this business. It was the first such commercial I'd seen.
The plethora of cash machines that appear to be in every shop nowadays and the (recently treated) plague of credit cards means UK banks have been woefully slow in offering customers this service. Meanwhile, in poverty-stricken countries such as Afghanistan it is transforming lives and probably saving them as well."
BofA Tests Mobile Payments
"Bank of America is extending its mobile financial offer, giving contactless chip-based payments another shot in the U.S. Mobile payments and mobile banking are quickly changing the financial landscape, not just for consumers but also for banks and credit unions. So what new opportunities are emerging in the arena of payments, and how are U.S. consumers expected to embrace these options?"
First Data to offer turnkey NFC service to US banks from early 2011
"First Data has partnered with South Korea's SK C&C to offer turnkey NFC-based TSM and mobile wallet services to its US banking and merchant customer base. The two companies will deliver a complete set of mobile commerce services to First Data's financial institution and merchant customers, including a TSM (trusted service manager) platform and mobile wallet software. Credit, debit, prepaid and gift cards will all be supported."
Banks need to go mobile to improve customer opinion
"New research from digital agency YouGov has revealed that banks could hugely improve their customer’s opinions by launching mobile banking services. The study, commissioned by on-line financial services company Intelligent Enviroments, reveals that 25% of people aged between 18 and 34 would be more approving of their bank if they were offered mobile features."
Sunday, July 25, 2010
Mobile Banking Updates - July 25
Where's the Love for Android?
"With the large public debacle that was Steve Jobs' and Apple Inc.'s "Antennagate," a growing number of smart phones and connected devices on America's other wireless carriers and an ever-maturing mobile OS and app marketplace, Android is looking more attractive all the time. And while mobile banking apps and features seemingly pop up everyday on iOS, the same can't be said for Android.
While the public uptake of mobile banking might be slow to develop, it would seem that with a growing number of Americans choosing Android devices over iPhones, banks and providers would at least try to offer parallel services in the Android Marketplace. And the openness of app development and deployment on Google's mobile OS seem like a good opportunity to get on board."
KPMG Survey: Mobile Banking Steadily Gaining Acceptance Among U.S. Consumers
"Mobile banking and the use of mobile devices such as cell phones, smartphones, and personal digital assistants (PDAs) for financial transactions and payments are increasingly gaining acceptance among U.S. consumers, according to results of a survey conducted by KPMG LLP, the audit, tax and advisory firm.
The results of KPMG's fourth annual Global Consumers and Convergence survey show that 19 percent of U.S. consumers have conducted banking transactions on a mobile device, compared to only 9 percent when KPMG last completed this survey 18 months ago. More than 5,600 people in 22 countries worldwide participated in the survey, which examines trends in the use of mobile technology."
Mobile Remote Deposit Capture by the Numbers (thanks USAA)
"USAA is now doing the same for the fledgling consumer-remote-check-deposit market. USAA was the first major financial institution to introduce the service a year ago. Earlier this month, Chase Bank became the second major bank to offer mobile capture.
In a press release last week, the direct banking giant said that more than 1.5 million checks, worth $930 million (an average of $620 per item), had been deposited through its mobile remote deposit app released last summer. Mobile accounts for about one-third of the bank’s consumer remote capture volume. The online version, introduced in late 2006, still outnumbers mobile volume 2 to 1."
Mobile Banking Sees Success in Senegal
"Thanks to a mobile banking system launched last month in Senegal, people with no previous access to bank accounts were able to watch the World Cup via satellite services that they paid for electronically with a few taps on a mobile phone. The service is a clear sign that mobile banking is taking off in Africa, giving some of the world's poorest people a way to access financial services.
The system, which is called Yoban'tel by Obopay and was launched on June 24 by Obopay and Société Générale de Banques au Sénégal, lets customers use text messages to transfer money to satellite and cell-phone providers. Users walk into a participating store and make a deposit into their Yoban'tel account. They can then use that money to pay bills. "
TOP 5 MOBILE COMMERCE TRENDS FOR 2010
"Mobile commerce, or m-commerce, is simply the ability to conduct business transactions through a mobile device. With smartphone sales rising 49% in the first quarter of 2010, never before has it been so easy to shop, anywhere, anytime from the palm of your hand. There is an enormous amount of ongoing market research, and though there has been a variety of numbers estimated and reported, they all conclude that mobile commerce is a profitable and rapidly growing market.
By 2015, it’s estimated that shoppers from around the world will spend about $119 billion on goods and services bought via their mobile phones, according to a study by ABI Research released this past February. In the United States alone, mobile shopping rose from $396 million in 2008 to $1.2 billion in 2009, and mobile campaign spending also increased by 25 to 30% over the past year, with companies shelling out just under $313 million according to the same study. Senior Analyst Mark Beccue, said that he’s forecasting U.S. sales to reach about $2.2 billion in 2010."
Maybank Targets To Increase Mobile Banking Customer Base By 53 Per Cent
"Malayan Banking Bhd (Maybank) is targeting to increase its mobile banking customer base by 53 per cent to over 290,000 by July 2011 with launch of its enhanced Mobile Banking Service or M2U Mobile.
The enhanced M2U Mobile enabled customers to access the bank's portal Maybank2u.com using any phone model or telco operator for their banking, bill payment or e-commerce transactions, Maybank said in a statement Tuesday."
150 Credit Unions Choose Mobile Money(TM) From Fiserv
"Fiserv, Inc., the leading global provider of financial services technology solutions and the largest provider of business-driven technology solutions for credit unions, today announced that 150 credit unions have chosen to implement Mobile Money(TM) from Fiserv to date, including 84 that are already live.
Mobile Money gives credit union members the flexibility to use any mobile device to check account balances and history, transfer funds, pay bills, and track account activity. Mobile Money is the industry's most complete mobile banking and payments offering, supporting all three mobile access modes: SMS (text messaging), mobile browser, and downloadable applications. Mobile Money is available as an in-house solution or hosted by Fiserv through an application service provider (ASP) model."
Fiserv brings mobile banking person-to-person with ZashPay
"Fiserv is a big financial services provider, and also what you might call a mobile payments “enabler”. For months, we’ve reported as Fiserv provides mobile banking services to smaller, regional banks and credit unions. Today, it’s aiming even smaller – with a person-to-person mobile payment system called ZashPay."
"With the large public debacle that was Steve Jobs' and Apple Inc.'s "Antennagate," a growing number of smart phones and connected devices on America's other wireless carriers and an ever-maturing mobile OS and app marketplace, Android is looking more attractive all the time. And while mobile banking apps and features seemingly pop up everyday on iOS, the same can't be said for Android.
While the public uptake of mobile banking might be slow to develop, it would seem that with a growing number of Americans choosing Android devices over iPhones, banks and providers would at least try to offer parallel services in the Android Marketplace. And the openness of app development and deployment on Google's mobile OS seem like a good opportunity to get on board."
KPMG Survey: Mobile Banking Steadily Gaining Acceptance Among U.S. Consumers
"Mobile banking and the use of mobile devices such as cell phones, smartphones, and personal digital assistants (PDAs) for financial transactions and payments are increasingly gaining acceptance among U.S. consumers, according to results of a survey conducted by KPMG LLP, the audit, tax and advisory firm.
The results of KPMG's fourth annual Global Consumers and Convergence survey show that 19 percent of U.S. consumers have conducted banking transactions on a mobile device, compared to only 9 percent when KPMG last completed this survey 18 months ago. More than 5,600 people in 22 countries worldwide participated in the survey, which examines trends in the use of mobile technology."
Mobile Remote Deposit Capture by the Numbers (thanks USAA)
"USAA is now doing the same for the fledgling consumer-remote-check-deposit market. USAA was the first major financial institution to introduce the service a year ago. Earlier this month, Chase Bank became the second major bank to offer mobile capture.
In a press release last week, the direct banking giant said that more than 1.5 million checks, worth $930 million (an average of $620 per item), had been deposited through its mobile remote deposit app released last summer. Mobile accounts for about one-third of the bank’s consumer remote capture volume. The online version, introduced in late 2006, still outnumbers mobile volume 2 to 1."
Mobile Banking Sees Success in Senegal
"Thanks to a mobile banking system launched last month in Senegal, people with no previous access to bank accounts were able to watch the World Cup via satellite services that they paid for electronically with a few taps on a mobile phone. The service is a clear sign that mobile banking is taking off in Africa, giving some of the world's poorest people a way to access financial services.
The system, which is called Yoban'tel by Obopay and was launched on June 24 by Obopay and Société Générale de Banques au Sénégal, lets customers use text messages to transfer money to satellite and cell-phone providers. Users walk into a participating store and make a deposit into their Yoban'tel account. They can then use that money to pay bills. "
TOP 5 MOBILE COMMERCE TRENDS FOR 2010
"Mobile commerce, or m-commerce, is simply the ability to conduct business transactions through a mobile device. With smartphone sales rising 49% in the first quarter of 2010, never before has it been so easy to shop, anywhere, anytime from the palm of your hand. There is an enormous amount of ongoing market research, and though there has been a variety of numbers estimated and reported, they all conclude that mobile commerce is a profitable and rapidly growing market.
By 2015, it’s estimated that shoppers from around the world will spend about $119 billion on goods and services bought via their mobile phones, according to a study by ABI Research released this past February. In the United States alone, mobile shopping rose from $396 million in 2008 to $1.2 billion in 2009, and mobile campaign spending also increased by 25 to 30% over the past year, with companies shelling out just under $313 million according to the same study. Senior Analyst Mark Beccue, said that he’s forecasting U.S. sales to reach about $2.2 billion in 2010."
Maybank Targets To Increase Mobile Banking Customer Base By 53 Per Cent
"Malayan Banking Bhd (Maybank) is targeting to increase its mobile banking customer base by 53 per cent to over 290,000 by July 2011 with launch of its enhanced Mobile Banking Service or M2U Mobile.
The enhanced M2U Mobile enabled customers to access the bank's portal Maybank2u.com using any phone model or telco operator for their banking, bill payment or e-commerce transactions, Maybank said in a statement Tuesday."
150 Credit Unions Choose Mobile Money(TM) From Fiserv
"Fiserv, Inc., the leading global provider of financial services technology solutions and the largest provider of business-driven technology solutions for credit unions, today announced that 150 credit unions have chosen to implement Mobile Money(TM) from Fiserv to date, including 84 that are already live.
Mobile Money gives credit union members the flexibility to use any mobile device to check account balances and history, transfer funds, pay bills, and track account activity. Mobile Money is the industry's most complete mobile banking and payments offering, supporting all three mobile access modes: SMS (text messaging), mobile browser, and downloadable applications. Mobile Money is available as an in-house solution or hosted by Fiserv through an application service provider (ASP) model."
Fiserv brings mobile banking person-to-person with ZashPay
"Fiserv is a big financial services provider, and also what you might call a mobile payments “enabler”. For months, we’ve reported as Fiserv provides mobile banking services to smaller, regional banks and credit unions. Today, it’s aiming even smaller – with a person-to-person mobile payment system called ZashPay."
Saturday, June 5, 2010
Mobile Banking Updates - Jun 5
Dark Side Arises for Phone Apps
"As smartphones and the applications that run on them take off, businesses and consumers are beginning to confront a budding dark side of the wireless Web. Online stores run by Apple Inc., Google Inc. and others now offer more than 250,000 applications such as games and financial tools. The apps have been a key selling point for devices like Apple's iPhone. But concerns are growing among security researchers and government officials that efforts to keep out malicious software aren't keeping up with the apps craze.
In one incident, Google pulled dozens of unauthorized mobile-banking apps from its Android Market in December. The apps, priced at $1.50, were made by a developer named "09Droid" and claimed to offer access to accounts at many of the world's banks. Google said it pulled the apps because they violated its trademark policy."
Western Union reveals international mobile strategy
"Money-transfer giant Western Union discussed its mobile strategy and the hottest trends in the mobile financial services ecosystem in an exclusive interview. Earlier this year, Western Union extended the reach and accessibility of its money-transfer services with mobile finance initiatives in Latin America, Africa, the Middle East and Asia (see story). Last year, the company tapped Sybase 365 to launch initiatives to interact with and engage its consumers with SMS-based notifications and mobile marketing campaigns (see story)."
Why Android Is Attractive for Alt-Payment Companies
"A growing number of mobile payments companies are promoting systems that charge purchases to users' phone bills rather than credit or debit cards. Since Apple Inc.'s tight control of the iPhone precludes this approach, the payments firms are gravitating to Google Inc.'s Android — which itself is emerging as the handset of choice for the consumers most likely to use their phones for banking and financial activities. On Wednesday, Zong Inc. and Boku Inc. each introduced tools that let software developers weave their payments systems into applications for Android phones. These systems could be used, for example, by a video game developer to sell additional levels to someone who has downloaded a game that was given away for free."
More Consumers Embracing Online Banking, Bill Pay
"Fiserv’s survey also looked at the growth in such new areas as mobile banking and person-to-person payments. This year, 30% of respondents with mobile phones conducted one or more banking services using their phones, up from 23% who did in 2008. The percentage of mobile-banking users who receive or pay bills using their phones jumped to 30% this year from 18% in 2008, primarily because more consumers have smartphones, Fiserv says."
Monitise Americas Offers Enhanced Mobile Banking to Financial Institutions Across the US
"Monitise Americas, the leading mobile banking and technology company, is delighted PyraMax Bank has launched an iPhone app powered by its technology. The release heralds a turning point in the mobile banking industry. Until now, bank-branded iPhone applications have been the privilege only of big-spending, large banks. However, thanks to its world-class technology, Monitise Americas can now build iPhone apps quickly and cost effectively, enabling mobile banking for many more financial institutions than previously possible."
US mobile payments adoption at tipping point: new Obopay president
"Mobile payments have reached a tipping point in terms of consumer adoption in the United States, according to mobile banking and payments provider Obopay Inc.’s newly appointed president. Last week Obopay announced the appointment of Deepak Chandnani as Mumbai, India-based president of Obopay, which is a newly created position. In this new role, Mr. Chandnani will lead global operations for Obopay across all markets and geographies and continue to report to Carol Realini, founder/CEO of the company."
ING Mobile Banking Promo
"We recently introduced a mobile banking application for the BlackBerry and iPhone. It’s a simple, relevant & innovative way to put banking in your pocket. We think we can leverage this cool new app to reiterate that ING DIRECT is an unconventional-but-relevant, hip, witty and innovative brand.
The task: To create a :30 online video that introduces, with pizzazz, our Mobile Banking application—and shows that ING DIRECT has once again revolutionized banking."
U.S. Banks are Losing The Tech Creativity War
"Brett King is a Hong Kong-based financial services technology consultant, president of his own firm User Strategy, and a firm believer that American banks are behind the eight-ball when it comes to the innovation imperative.
You're going to start to see this payments space quickly morph around the mobile device. The banks really just have to get on board with this, and give incentives and encourage customers to use this. They say, 'Well, we're worried about security and all those sorts of things.'
The reality is this is going to happen with or without them, so it's better to think about how to get this stuff done rather than say, 'We prefer to stick with checks because that's what we're comfortable with.'"
Reaching for Apps Beyond Banking
"They're one of the last top 10 North American banks to launch mobile banking, but TD Bank is hoping to leapfrog the competition somewhat with plans to offer not just mobile banking capabilities but also a range of other ancillary services via the smartphone platform.
Joan Dal Bianco, vp of the online channel at TD, sees a revolution in the potential of smart phones to change how consumers access banking-particularly when banks are able to look beyond providing only traditional financial services. 'Mobile will do more than the Internet did, and do it more rapidly,' says Dal Bianco. 'It took the Web a decade to take hold. Mobile will take just another year or two.'"
The Bank of Santa Barbara Selects Premier(R) from Fiserv
"Fiserv, Inc., the leading global provider of financial services technology solutions, today announced that The Bank of Santa Barbara, a full-service commercial bank focused on serving professionals, non-profit organizations and small- to medium-sized businesses, has selected the Premier(R) bank platform from Fiserv to provide an enterprise-wide technology solution. The bank's new partnership with Fiserv will deliver comprehensive integrated solutions, including account processing, electronic banking and bill pay."
"As smartphones and the applications that run on them take off, businesses and consumers are beginning to confront a budding dark side of the wireless Web. Online stores run by Apple Inc., Google Inc. and others now offer more than 250,000 applications such as games and financial tools. The apps have been a key selling point for devices like Apple's iPhone. But concerns are growing among security researchers and government officials that efforts to keep out malicious software aren't keeping up with the apps craze.
In one incident, Google pulled dozens of unauthorized mobile-banking apps from its Android Market in December. The apps, priced at $1.50, were made by a developer named "09Droid" and claimed to offer access to accounts at many of the world's banks. Google said it pulled the apps because they violated its trademark policy."
Western Union reveals international mobile strategy
"Money-transfer giant Western Union discussed its mobile strategy and the hottest trends in the mobile financial services ecosystem in an exclusive interview. Earlier this year, Western Union extended the reach and accessibility of its money-transfer services with mobile finance initiatives in Latin America, Africa, the Middle East and Asia (see story). Last year, the company tapped Sybase 365 to launch initiatives to interact with and engage its consumers with SMS-based notifications and mobile marketing campaigns (see story)."
Why Android Is Attractive for Alt-Payment Companies
"A growing number of mobile payments companies are promoting systems that charge purchases to users' phone bills rather than credit or debit cards. Since Apple Inc.'s tight control of the iPhone precludes this approach, the payments firms are gravitating to Google Inc.'s Android — which itself is emerging as the handset of choice for the consumers most likely to use their phones for banking and financial activities. On Wednesday, Zong Inc. and Boku Inc. each introduced tools that let software developers weave their payments systems into applications for Android phones. These systems could be used, for example, by a video game developer to sell additional levels to someone who has downloaded a game that was given away for free."
More Consumers Embracing Online Banking, Bill Pay
"Fiserv’s survey also looked at the growth in such new areas as mobile banking and person-to-person payments. This year, 30% of respondents with mobile phones conducted one or more banking services using their phones, up from 23% who did in 2008. The percentage of mobile-banking users who receive or pay bills using their phones jumped to 30% this year from 18% in 2008, primarily because more consumers have smartphones, Fiserv says."
Monitise Americas Offers Enhanced Mobile Banking to Financial Institutions Across the US
"Monitise Americas, the leading mobile banking and technology company, is delighted PyraMax Bank has launched an iPhone app powered by its technology. The release heralds a turning point in the mobile banking industry. Until now, bank-branded iPhone applications have been the privilege only of big-spending, large banks. However, thanks to its world-class technology, Monitise Americas can now build iPhone apps quickly and cost effectively, enabling mobile banking for many more financial institutions than previously possible."
US mobile payments adoption at tipping point: new Obopay president
"Mobile payments have reached a tipping point in terms of consumer adoption in the United States, according to mobile banking and payments provider Obopay Inc.’s newly appointed president. Last week Obopay announced the appointment of Deepak Chandnani as Mumbai, India-based president of Obopay, which is a newly created position. In this new role, Mr. Chandnani will lead global operations for Obopay across all markets and geographies and continue to report to Carol Realini, founder/CEO of the company."
ING Mobile Banking Promo
"We recently introduced a mobile banking application for the BlackBerry and iPhone. It’s a simple, relevant & innovative way to put banking in your pocket. We think we can leverage this cool new app to reiterate that ING DIRECT is an unconventional-but-relevant, hip, witty and innovative brand.
The task: To create a :30 online video that introduces, with pizzazz, our Mobile Banking application—and shows that ING DIRECT has once again revolutionized banking."
U.S. Banks are Losing The Tech Creativity War
"Brett King is a Hong Kong-based financial services technology consultant, president of his own firm User Strategy, and a firm believer that American banks are behind the eight-ball when it comes to the innovation imperative.
You're going to start to see this payments space quickly morph around the mobile device. The banks really just have to get on board with this, and give incentives and encourage customers to use this. They say, 'Well, we're worried about security and all those sorts of things.'
The reality is this is going to happen with or without them, so it's better to think about how to get this stuff done rather than say, 'We prefer to stick with checks because that's what we're comfortable with.'"
Reaching for Apps Beyond Banking
"They're one of the last top 10 North American banks to launch mobile banking, but TD Bank is hoping to leapfrog the competition somewhat with plans to offer not just mobile banking capabilities but also a range of other ancillary services via the smartphone platform.
Joan Dal Bianco, vp of the online channel at TD, sees a revolution in the potential of smart phones to change how consumers access banking-particularly when banks are able to look beyond providing only traditional financial services. 'Mobile will do more than the Internet did, and do it more rapidly,' says Dal Bianco. 'It took the Web a decade to take hold. Mobile will take just another year or two.'"
The Bank of Santa Barbara Selects Premier(R) from Fiserv
"Fiserv, Inc., the leading global provider of financial services technology solutions, today announced that The Bank of Santa Barbara, a full-service commercial bank focused on serving professionals, non-profit organizations and small- to medium-sized businesses, has selected the Premier(R) bank platform from Fiserv to provide an enterprise-wide technology solution. The bank's new partnership with Fiserv will deliver comprehensive integrated solutions, including account processing, electronic banking and bill pay."
Sunday, May 23, 2010
Mobile Banking Updates - May 23
Has the iPhone lost its cool?
"Did Google just turn the tables on Apple? Having entered the mobile software market late with its Android offering, Google's initial efforts were a pale imitation of the iPhone OS, a clunky user experience on sub-par handsets. Fast forward to 2010. Suddenly, Google Android is winning over the hearts and minds of technologists and signing up 100,000 converts a day. That raises the question: Is the iPhone losing its sheen?"
Top Mobile Banking Users? Android Phone Owners
"A new Javelin Strategy & Research report issued today – 2010 Mobile Payments – Crossing the Chasm: Industry Models Battle to Bridge the Gap – finds that Android phone users are the most likely mobile phone owners to have logged into their bank in the last seven days, followed by iPhone users. The on-the-go functionality of smartphones is revolutionizing how consumers make financial transactions – or want to. Up to one-in-five consumers have expressed interest in using their mobile device to make payments; Javelin expects a sharp rise in that demand over the next few years. To meet that mandate and boost the currently stalled mobile payments market, diverse stakeholders must work together to identify and shape effective business models and technologies and build the value proposition for both consumers and merchants."
Monitise: 20m mobile banking actions in six months
"Monitise's Mobile Money Manager platform provides mobile banking services to 240 banks in the UK and the US. It says its apps are now being used at the rate of a million a week. These apps run on iPhone, Blackberry and Nokia, and the company is also working on an application for handsets using Google’s Android software."
Obopay, YES Bank introduce mobile banking services
"Obopay, a mobile payment technology provider, has partnered with YES Bank and Nokia for the Commercial Pilot Launch of mobile banking services in Pune. This service is called Mobile Money Services by YES Bank, said a press note here. Obopay provides the technology platform which enables mobile money transaction services. The commercial pilot was launched in Pune in late February. Obopay is also responsible for the entire back-end work and has been able to enroll a significant number of Pune’s population, as well as sign up a substantial number of merchants and agents since then, the note said."
Mobile Banking Subscriber Numbers Doubling Every Year
"New forecasts from ABI Research indicate that in 2015 about 407 million people worldwide will carry out financial transactions with their banks using their mobile phones. Of those, some 66 million will be in North America.
According to senior analyst Mark Beccue, however, 'It’s not the North American market that is moving fastest to mobile banking: that crown goes to the Asia-Pacific region, which accounted for the lion’s share of the world’s 52.2 million mobile banking subscribers in 2009. The global number of subscribers more than doubled between 2008 and 2009, and is expected to almost double again in 2010. This growth can be seen everywhere, but Asia – led by India – is pushing it particularly hard.'”
"Did Google just turn the tables on Apple? Having entered the mobile software market late with its Android offering, Google's initial efforts were a pale imitation of the iPhone OS, a clunky user experience on sub-par handsets. Fast forward to 2010. Suddenly, Google Android is winning over the hearts and minds of technologists and signing up 100,000 converts a day. That raises the question: Is the iPhone losing its sheen?"
Top Mobile Banking Users? Android Phone Owners
"A new Javelin Strategy & Research report issued today – 2010 Mobile Payments – Crossing the Chasm: Industry Models Battle to Bridge the Gap – finds that Android phone users are the most likely mobile phone owners to have logged into their bank in the last seven days, followed by iPhone users. The on-the-go functionality of smartphones is revolutionizing how consumers make financial transactions – or want to. Up to one-in-five consumers have expressed interest in using their mobile device to make payments; Javelin expects a sharp rise in that demand over the next few years. To meet that mandate and boost the currently stalled mobile payments market, diverse stakeholders must work together to identify and shape effective business models and technologies and build the value proposition for both consumers and merchants."
Monitise: 20m mobile banking actions in six months
"Monitise's Mobile Money Manager platform provides mobile banking services to 240 banks in the UK and the US. It says its apps are now being used at the rate of a million a week. These apps run on iPhone, Blackberry and Nokia, and the company is also working on an application for handsets using Google’s Android software."
Obopay, YES Bank introduce mobile banking services
"Obopay, a mobile payment technology provider, has partnered with YES Bank and Nokia for the Commercial Pilot Launch of mobile banking services in Pune. This service is called Mobile Money Services by YES Bank, said a press note here. Obopay provides the technology platform which enables mobile money transaction services. The commercial pilot was launched in Pune in late February. Obopay is also responsible for the entire back-end work and has been able to enroll a significant number of Pune’s population, as well as sign up a substantial number of merchants and agents since then, the note said."
Mobile Banking Subscriber Numbers Doubling Every Year
"New forecasts from ABI Research indicate that in 2015 about 407 million people worldwide will carry out financial transactions with their banks using their mobile phones. Of those, some 66 million will be in North America.
According to senior analyst Mark Beccue, however, 'It’s not the North American market that is moving fastest to mobile banking: that crown goes to the Asia-Pacific region, which accounted for the lion’s share of the world’s 52.2 million mobile banking subscribers in 2009. The global number of subscribers more than doubled between 2008 and 2009, and is expected to almost double again in 2010. This growth can be seen everywhere, but Asia – led by India – is pushing it particularly hard.'”
Friday, May 14, 2010
Mobile Banking Updates - May 14
Mobile Banking Must Read: Obopay Responds To American Banker’s Article On Mobile Money for Banks
"Obopay SVP, Michael Diamond, responds to the American Banker's recent article that characterizes Obopay's decision to deliver mobile money services to bank as potentially too late and as a mobile money transfer play, rather than a suite of mobile banking services. If you are interested in mobile banking, you will want to read this."
Retail Bankers - Wake up to the 21st Century!
"James Gardner did a great post on his blog today that got me thinking. Why is it so hard to get Mobile banking and social media on the minds of the top bankers today?
The iPad has sold over 1 million units in just over 1 month since its release, but this pales in comparison to the iPhone which has exceeded 100 million total units, with sales globally expected to reach 58 million this year alone. Considering that the iPhone has only recently been officially launched in Japan and China, we can expect the future of iPhone sales to be extremely robust. But this is only part of the smartphone revolution. Google’s Android operating system has been a huge success too. In Q1 of 2010 in the US market, Android-based phones actually outsold iPhones with 28 percent of the marketshare of smartphones going to Google’s platform. Blackberry still commands 36 percent of the US market due to its strong enterprise support."
Mobile Banking Set to Soar
"For consumers, mobile banking is about convenience: the ability to check account balances, pay bills and transfer funds from a device they take with them everywhere. For financial institutions, it is a means to deepen customer relationships, streamline operations and cut costs. Several forecasts predict that by 2015, 50% or more of US mobile users will be conducting transactions from their mobile devices.
'The ubiquity of these devices offers banks an opportunity to connect with customers outside the online channel, including those who are always on the go as well as the underbanked and unbanked consumers who lack consistent Internet access,' said Noah Elkin, eMarketer senior analyst and author of the new report 'Mobile Banking: Financial Services Firms Look to Cash In.'"
"Obopay SVP, Michael Diamond, responds to the American Banker's recent article that characterizes Obopay's decision to deliver mobile money services to bank as potentially too late and as a mobile money transfer play, rather than a suite of mobile banking services. If you are interested in mobile banking, you will want to read this."
Retail Bankers - Wake up to the 21st Century!
"James Gardner did a great post on his blog today that got me thinking. Why is it so hard to get Mobile banking and social media on the minds of the top bankers today?
The iPad has sold over 1 million units in just over 1 month since its release, but this pales in comparison to the iPhone which has exceeded 100 million total units, with sales globally expected to reach 58 million this year alone. Considering that the iPhone has only recently been officially launched in Japan and China, we can expect the future of iPhone sales to be extremely robust. But this is only part of the smartphone revolution. Google’s Android operating system has been a huge success too. In Q1 of 2010 in the US market, Android-based phones actually outsold iPhones with 28 percent of the marketshare of smartphones going to Google’s platform. Blackberry still commands 36 percent of the US market due to its strong enterprise support."
Mobile Banking Set to Soar
"For consumers, mobile banking is about convenience: the ability to check account balances, pay bills and transfer funds from a device they take with them everywhere. For financial institutions, it is a means to deepen customer relationships, streamline operations and cut costs. Several forecasts predict that by 2015, 50% or more of US mobile users will be conducting transactions from their mobile devices.
'The ubiquity of these devices offers banks an opportunity to connect with customers outside the online channel, including those who are always on the go as well as the underbanked and unbanked consumers who lack consistent Internet access,' said Noah Elkin, eMarketer senior analyst and author of the new report 'Mobile Banking: Financial Services Firms Look to Cash In.'"
Tuesday, May 11, 2010
Mobile Banking Updates - May 11
Mobile Payments on the Small Screen: NACHA Payments 2010 Followup
"A curious thing happened at the recent NACHA’s Payments 2010 conference in Seattle – it was how quickly the person to person (P2P) payment conversation turned to mobile commerce, consumer to business (C2B) and business to business (B2B). Voila! Granted the remittance payment market is ultimately P2P, banks are becoming more comfortable with the use/risk cases and will finally move beyond A2A (account to account transfers) Mom paying Billy at State U to ecommerce, Mom paying the homeowners association and spa (you need a break), and may one day allow two Gen Y’ers to pay each other back for drinks with smart phones. If the bank doesn’t serve them, Twitter might. The consumer is younger and more ready to pay businesses and each other from the small screen. Slightly over 80% of the 18-29 age group use only wireless/mobile communications. Bankers, these are your new consumer and business customers."
Fiserv Unveils ZashPay - P2P Payments via Online Banking
"Fiserv has announced ZashPay, a new person-to-person payments service that 'will allow consumers to tap into a community where they can quickly send or receive money using their existing online banking accounts. With ZashPay, consumers will be able to send money to anyone they know using only an e-mail address or mobile phone number. The payment will be deducted directly from the sender’s banking account and deposited directly into the recipient’s account in as little as one business day, utilizing the same secure processes as a typical online banking transaction.'"
NPD report: Android outselling iPhone; BlackBerry number one
"The iPhone gets the bulk of the mind share, but in actual U.S. smartphone sales, the iPhone trails not only Research In Motion's BlackBerrys but also now handsets built around Google's Android mobile operating system. That's what NPD Group is reporting, based on the market researcher's first quarter 2010 mobile operating system numbers that were released today. NPD says its wireless research reveals that the RIM OS has 36% of the mobile OS market, compared to 28% for Android devices and just 21% for the iPhone. Data is based on unit sales."
Obopay Announces Mobile Money for Banks
"Obopay has announced Mobile Money for Banks - a new service that 'will allow banks to deploy their own branded mobile money service. Designed to make bank accounts the anchor for all current and future mobile money transactions, the service combines complete brand control and a full range of mobile transactions and applications with simple low-cost integration and deployment. Mobile Money for Banks includes the ability to send and transfer money, makes payment card acceptance available to everyone and can be implemented in 30 days or less.'"
EX-Lloyds innovation boss chides HSBC over m-banking
"Mobile banking has long been touted as a delivery channel with huge potential. Last year Berg Insight predicted take up is set to soar, with the number of people using the technology growing from 20 million in 2008 to 913 million in 2014. Only last month research outfit Forrester urged banks to update their strategies in preparation of a surge in popularity as Europe sees increased smartphone adoption. Yet, alone among the UK's major banks, HSBC offers no retail mobile service at all, prompting James Gardner, now CTO at the Department for Work and Pensions, to ask on his blog: 'What is going on HSBC?'"
Mobile, Online Banking Draw Mixed Reactions
"Banking is becoming more handheld and convenient every day, it seems. You can text your bank to check your balance, pay bills via mobile device, or manage all of your finances on your bank’s website. But how do people feel about banking on the go? It turns out that some people don’t need it, while others can’t do without it. Check out this video and learn some of the advantages and disadvantages of mobile banking from every day people with a variety of opinions on Online banking.
"A curious thing happened at the recent NACHA’s Payments 2010 conference in Seattle – it was how quickly the person to person (P2P) payment conversation turned to mobile commerce, consumer to business (C2B) and business to business (B2B). Voila! Granted the remittance payment market is ultimately P2P, banks are becoming more comfortable with the use/risk cases and will finally move beyond A2A (account to account transfers) Mom paying Billy at State U to ecommerce, Mom paying the homeowners association and spa (you need a break), and may one day allow two Gen Y’ers to pay each other back for drinks with smart phones. If the bank doesn’t serve them, Twitter might. The consumer is younger and more ready to pay businesses and each other from the small screen. Slightly over 80% of the 18-29 age group use only wireless/mobile communications. Bankers, these are your new consumer and business customers."
Fiserv Unveils ZashPay - P2P Payments via Online Banking
"Fiserv has announced ZashPay, a new person-to-person payments service that 'will allow consumers to tap into a community where they can quickly send or receive money using their existing online banking accounts. With ZashPay, consumers will be able to send money to anyone they know using only an e-mail address or mobile phone number. The payment will be deducted directly from the sender’s banking account and deposited directly into the recipient’s account in as little as one business day, utilizing the same secure processes as a typical online banking transaction.'"
NPD report: Android outselling iPhone; BlackBerry number one
"The iPhone gets the bulk of the mind share, but in actual U.S. smartphone sales, the iPhone trails not only Research In Motion's BlackBerrys but also now handsets built around Google's Android mobile operating system. That's what NPD Group is reporting, based on the market researcher's first quarter 2010 mobile operating system numbers that were released today. NPD says its wireless research reveals that the RIM OS has 36% of the mobile OS market, compared to 28% for Android devices and just 21% for the iPhone. Data is based on unit sales."
Obopay Announces Mobile Money for Banks
"Obopay has announced Mobile Money for Banks - a new service that 'will allow banks to deploy their own branded mobile money service. Designed to make bank accounts the anchor for all current and future mobile money transactions, the service combines complete brand control and a full range of mobile transactions and applications with simple low-cost integration and deployment. Mobile Money for Banks includes the ability to send and transfer money, makes payment card acceptance available to everyone and can be implemented in 30 days or less.'"
EX-Lloyds innovation boss chides HSBC over m-banking
"Mobile banking has long been touted as a delivery channel with huge potential. Last year Berg Insight predicted take up is set to soar, with the number of people using the technology growing from 20 million in 2008 to 913 million in 2014. Only last month research outfit Forrester urged banks to update their strategies in preparation of a surge in popularity as Europe sees increased smartphone adoption. Yet, alone among the UK's major banks, HSBC offers no retail mobile service at all, prompting James Gardner, now CTO at the Department for Work and Pensions, to ask on his blog: 'What is going on HSBC?'"
Mobile, Online Banking Draw Mixed Reactions
"Banking is becoming more handheld and convenient every day, it seems. You can text your bank to check your balance, pay bills via mobile device, or manage all of your finances on your bank’s website. But how do people feel about banking on the go? It turns out that some people don’t need it, while others can’t do without it. Check out this video and learn some of the advantages and disadvantages of mobile banking from every day people with a variety of opinions on Online banking.
Friday, April 23, 2010
Green Mobile Banking
Go Green on Earth Day with Obopay
"Hi, Valued Obopay Customer,
Obopay invites you to celebrate Earth Day by taking a step toward decreasing the use of paper when managing your finances.
Approximately 60 billion checks and paper statements are sent in the U.S. each year. You can make a difference by adopting a paperless payment system and going mobile with your money. "
Wells Fargo Promotes Five Simple Actions to Protect the Environment Through Banking
"Choose to handle daily finances online or via mobile banking, including transferring money or paying bills. According to the PayItGreen Alliance, of which Wells Fargo is a member, if only 20 percent of American households switched from paper to electronic bills, statements and payments each year, it would save 150 million pounds of paper and help avoid nearly two million tons of greenhouse gases."
Sunday, December 13, 2009
Mobile Banking Updates - Dec 13
hyperWALLET Adds 10th Language to Global Payments Platform
"hyperWALLET Systems, a leading provider of global payment solutions, today announced the addition of Japanese and Malay language support to its global payments platform, web and mobile payment solutions. These two new languages bring the supported total to ten, providing additional linguistic options for organizations that wish to offer localized payment services to customers across international markets."
Key Mobile Banking
"Key's Mobile Banking is a fast, convenient, and secure way to access your KeyBank accounts anytime, anywhere, using your iPhone® or BlackBerry® smartphone."
Carol Realini’s thoughts on the Obopay iPhone app launch
"1) Why did Obopay choose to launch an iPhone application?
Obopay loves smart phones – since they are such great platforms to deliver a rich, colorful experience. We have been a long time supporter of BlackBerry, and now with this release we add a state-of-the-art iPhone application. "
"hyperWALLET Systems, a leading provider of global payment solutions, today announced the addition of Japanese and Malay language support to its global payments platform, web and mobile payment solutions. These two new languages bring the supported total to ten, providing additional linguistic options for organizations that wish to offer localized payment services to customers across international markets."
Key Mobile Banking
"Key's Mobile Banking is a fast, convenient, and secure way to access your KeyBank accounts anytime, anywhere, using your iPhone® or BlackBerry® smartphone."
Carol Realini’s thoughts on the Obopay iPhone app launch
"1) Why did Obopay choose to launch an iPhone application?
Obopay loves smart phones – since they are such great platforms to deliver a rich, colorful experience. We have been a long time supporter of BlackBerry, and now with this release we add a state-of-the-art iPhone application. "
Wednesday, December 9, 2009
Mobile Banking Updates - Dec 9
Exponential growth in US mobile banking activities reported
"The report refers to the comparison between two consumer research assignments conducted in May 2008 and June 2009. With two report one year apart, it is possible to draw some conclusions on changes in behaviour. The report concludes (amongst others) "exponential growth seen among the younger generations" in using their mobile for banking and also payments."
Obopay Turns Mobile Phones into Banks
"Computer scientist Carol Realini was planning to take early retirement after Chordiant Software (CHRD), a customer-relationship management software company she chaired, went public in 2000. Relishing her newfound freedom, Realini went on a social-action mission to Africa. The experience was eye opening, to say the least: In the Democratic Republic of Congo (formerly Zaire), she saw people haul sacks of devalued currency to local vendors to buy scratch cards that would provide a few minutes' calling time on their mobile phones."
World Economic Forum honors Obopay as 2010 Technology Pioneer!
"Obopay is one of 26 companies from around the world to be honored with this prestigious award. In addition, Obopay is one of only 11 companies in the Information Technologies, Telecommunications and New Media category and is the only financial services provider receiving the award."
USAA Cited for Pioneering Mobile Banking Applications
"American Banker, the leading information resource serving the banking and financial services community, has named USAA CEO Joe Robles as its 2009 "Innovator of the Year." The announcement was made today in the publication's 2009 Banker of the Year Awards issue. While many technological innovations come from India, China or Silicon Valley, this year's top banking innovation was created in a lab in San Antonio."
ClairMail Partners With Mitek Systems to Deliver Integrated Mobile Deposit Capability for Bank Customers
"ClairMail, Inc., the leader in mobile banking and payment solutions, today announced a strategic partnership with Mitek Systems, Inc. (OTCBB: MITK), an innovator of image analytics and mobile document capture applications. ClairMail will integrate Mitek's Mobile Deposit® application into its own mobile banking and payments platform, which powers the mobile banking services of many of the nation's top financial institutions. With Mobile Deposit incorporated into the ClairMail platform, financial institutions will have the ability to provide consumers faster availability to funds and an extra level of convenience."
Citi's Mobile Picture to Get Sharper
"After years of evaluating a wide range of mobile banking applications separately, Citigroup Inc. is starting to link the pieces together. Citi has teamed up with at least five technology partners to figure out what banking services people really want to access with their mobile phones, and how to make it happen. Marylou Dowd, a senior vice president with Citi Mobile, said the massive company's separate divisions have been operating on their own, forging their own vendor relationships to develop different mobile tools. But in recent months Citi has tried to consolidate its efforts, culminating this summer in a reorganization of its Internet and mobile groups."
Shopping by Mobile Phone Picks Up on Black Friday
"This year may go down as the period that shopping by mobile phone during the holidays came into its own. Black Friday saw greater use of mobile phones by consumers to zero in on and make purchases, industry data reviewed by Dow Jones show. From a very small base last year, mobile online payments through PayPal surged nearly 650%."
"The report refers to the comparison between two consumer research assignments conducted in May 2008 and June 2009. With two report one year apart, it is possible to draw some conclusions on changes in behaviour. The report concludes (amongst others) "exponential growth seen among the younger generations" in using their mobile for banking and also payments."
Obopay Turns Mobile Phones into Banks
"Computer scientist Carol Realini was planning to take early retirement after Chordiant Software (CHRD), a customer-relationship management software company she chaired, went public in 2000. Relishing her newfound freedom, Realini went on a social-action mission to Africa. The experience was eye opening, to say the least: In the Democratic Republic of Congo (formerly Zaire), she saw people haul sacks of devalued currency to local vendors to buy scratch cards that would provide a few minutes' calling time on their mobile phones."
World Economic Forum honors Obopay as 2010 Technology Pioneer!
"Obopay is one of 26 companies from around the world to be honored with this prestigious award. In addition, Obopay is one of only 11 companies in the Information Technologies, Telecommunications and New Media category and is the only financial services provider receiving the award."
USAA Cited for Pioneering Mobile Banking Applications
"American Banker, the leading information resource serving the banking and financial services community, has named USAA CEO Joe Robles as its 2009 "Innovator of the Year." The announcement was made today in the publication's 2009 Banker of the Year Awards issue. While many technological innovations come from India, China or Silicon Valley, this year's top banking innovation was created in a lab in San Antonio."
ClairMail Partners With Mitek Systems to Deliver Integrated Mobile Deposit Capability for Bank Customers
"ClairMail, Inc., the leader in mobile banking and payment solutions, today announced a strategic partnership with Mitek Systems, Inc. (OTCBB: MITK), an innovator of image analytics and mobile document capture applications. ClairMail will integrate Mitek's Mobile Deposit® application into its own mobile banking and payments platform, which powers the mobile banking services of many of the nation's top financial institutions. With Mobile Deposit incorporated into the ClairMail platform, financial institutions will have the ability to provide consumers faster availability to funds and an extra level of convenience."
Citi's Mobile Picture to Get Sharper
"After years of evaluating a wide range of mobile banking applications separately, Citigroup Inc. is starting to link the pieces together. Citi has teamed up with at least five technology partners to figure out what banking services people really want to access with their mobile phones, and how to make it happen. Marylou Dowd, a senior vice president with Citi Mobile, said the massive company's separate divisions have been operating on their own, forging their own vendor relationships to develop different mobile tools. But in recent months Citi has tried to consolidate its efforts, culminating this summer in a reorganization of its Internet and mobile groups."
Shopping by Mobile Phone Picks Up on Black Friday
"This year may go down as the period that shopping by mobile phone during the holidays came into its own. Black Friday saw greater use of mobile phones by consumers to zero in on and make purchases, industry data reviewed by Dow Jones show. From a very small base last year, mobile online payments through PayPal surged nearly 650%."
Wednesday, October 28, 2009
Mobile Banking's Next Big Market: The United States? by Navi Radjou
"In my recent trip to Silicon Valley, I had the privilege to meet with Carol Realini, CEO of Obopay, a mobile payment startup that is fueling a social revolution worldwide by enabling scores of unbanked people to avail of financial services for the first time in their life.
Obopay's technology allows consumers and small businesses to buy, pay, and transfer money through any mobile phone via a simple text message (or by using the Mobile web browser or Obopay's downloadable mobile app). People who send money via Obopay can fund their account either with cash or by linking it to their credit card or current account. Receivers can get the money either through an Obopay account or have it transferred directly to their bank account." >> Continue Reading
Obopay's technology allows consumers and small businesses to buy, pay, and transfer money through any mobile phone via a simple text message (or by using the Mobile web browser or Obopay's downloadable mobile app). People who send money via Obopay can fund their account either with cash or by linking it to their credit card or current account. Receivers can get the money either through an Obopay account or have it transferred directly to their bank account." >> Continue Reading
Monday, September 7, 2009
Mobile Banking Updates - Sept 7
Next Step for Microfinance: Taking Deposits
"Some 30 years ago, the field of microfinance was born from a radical concept: poor people, when lent small amounts of money, will pay it back in a timely manner. In the meantime, that money can be put to use in ways that help boost income — goat-farming, say, or carpet-weaving — and, ostensibly, raise a family's standard of living. Now another radical concept is starting to take hold: that the thing people really need, more than business loans, is a safe place to save their money. It's what development expert Robert Vogel calls the 'forgotten half of rural finance.'"
Make mobile banking secure with remote handset block, says minister
"As Nokia confirms plans to enter the mobile banking market using technology it acquired with the recent purchase of Obopay, fears have arisen that stolen handsets could enable criminals to access users' bank accounts. In an attempt to reassure consumers, the UK government has issued guidelines detailing how the handset should be disabled when reported lost or stolen.
In association with the mobile payment industry, the government is calling for the SIM card to be blocked to stop mobile banking access, as well as immobilising the contactless payment function for transactions over €12. If a large number of smaller payments are noted in quick succession, these will also require verification, according to the guidelines."
Diebold's Mobile Banking Plans for the U.S.
"Companies such as Nokia have been cashing in on mobile banking in emerging markets including India, Brazil, and South Africa. The success is in part due to the large number of people in these areas who have mobile phones but do not yet have access to land lines and Internet. Will well-wired American consumers have the same demand for this service? Diebold believes there is potential."
More CUs Plan Mobile Banking Adoption but Proceeding With Caution
"Credit unions are taking a step out of the dark ages and increasingly looking to adopt new technological services, like mobile banking, according to data from Callahan & Associates.
WAP/mobile browser service appears to be the most popular approach to offering mobile banking. In “Callahan’s Technology Guide,” 26% of credit unions surveyed said that they anticipate adopting WAP/mobile browsing in 2009 and 43% said they anticipate adopting it in 2010. This compares to 23% that planned to adopt SMS/text message in 2009 and 39% in 2010. Fifteen percent said they are adopting a downloadable program in 2009 and 30% said they plan to in 2010."
UCI Institute for Money, Technology & Financial Inclusion awards inaugural grants
"UC Irvine's newly established Institute for Money, Technology and Financial Inclusion (IMTFI) has awarded its first group of annual grants totaling $230,000 for research projects aimed at understanding how the world's poorest people spend, store and save money. "
"Some 30 years ago, the field of microfinance was born from a radical concept: poor people, when lent small amounts of money, will pay it back in a timely manner. In the meantime, that money can be put to use in ways that help boost income — goat-farming, say, or carpet-weaving — and, ostensibly, raise a family's standard of living. Now another radical concept is starting to take hold: that the thing people really need, more than business loans, is a safe place to save their money. It's what development expert Robert Vogel calls the 'forgotten half of rural finance.'"
Make mobile banking secure with remote handset block, says minister
"As Nokia confirms plans to enter the mobile banking market using technology it acquired with the recent purchase of Obopay, fears have arisen that stolen handsets could enable criminals to access users' bank accounts. In an attempt to reassure consumers, the UK government has issued guidelines detailing how the handset should be disabled when reported lost or stolen.
In association with the mobile payment industry, the government is calling for the SIM card to be blocked to stop mobile banking access, as well as immobilising the contactless payment function for transactions over €12. If a large number of smaller payments are noted in quick succession, these will also require verification, according to the guidelines."
Diebold's Mobile Banking Plans for the U.S.
"Companies such as Nokia have been cashing in on mobile banking in emerging markets including India, Brazil, and South Africa. The success is in part due to the large number of people in these areas who have mobile phones but do not yet have access to land lines and Internet. Will well-wired American consumers have the same demand for this service? Diebold believes there is potential."
More CUs Plan Mobile Banking Adoption but Proceeding With Caution
"Credit unions are taking a step out of the dark ages and increasingly looking to adopt new technological services, like mobile banking, according to data from Callahan & Associates.
WAP/mobile browser service appears to be the most popular approach to offering mobile banking. In “Callahan’s Technology Guide,” 26% of credit unions surveyed said that they anticipate adopting WAP/mobile browsing in 2009 and 43% said they anticipate adopting it in 2010. This compares to 23% that planned to adopt SMS/text message in 2009 and 39% in 2010. Fifteen percent said they are adopting a downloadable program in 2009 and 30% said they plan to in 2010."
UCI Institute for Money, Technology & Financial Inclusion awards inaugural grants
"UC Irvine's newly established Institute for Money, Technology and Financial Inclusion (IMTFI) has awarded its first group of annual grants totaling $230,000 for research projects aimed at understanding how the world's poorest people spend, store and save money. "
Sunday, August 9, 2009
Mobile Banking Updates - Aug 9
Zoompass Mobile App for iPhone is Here
"Like all mobile phone users, iPhone users have always been able to use the browser on their phone to access their Zoompass account. But now you can use a dedicated application to access your Zoompass account through your iPhone anytime, anywhere. Instantly send and receive money, request money, check your account balance, track transactions, and more! The Zoompass app for iPhone has a nifty contact manager to help you sync your Zoompass account with the contacts already in your iPhone so you can Zoom money to anyone in your address book with just a few keystrokes."
A Look at Obopay: Mobile Payments Pioneer is Sticking to Its Knitting
"Obopay’s solution allows consumers to make payments to other consumers, by sending an SMS message with their mobile phones. Obopay operates on either a prepaid basis (you fund an Obopay account, and then send funds out of that account) or on a transactional basis – each outbound payment is separately funded. In the prepaid case, funding can be either by credit or debit card, or by an ACH transaction “pulled” from your bank account. The transactional basis requires credit or debit card funding."
Dispatch from Tanzania: Informal Value Transfers via Mobile
"These past few weeks we’ve been focused on Tanzania’s experience with mobile banking. We’re not alone. Gunnar Camner and Emil Sjöblom recently spent three months in Tanzania for their master’s thesis in Media Technology at the Royal Institute of Technology (KTH) in Stockholm, Sweden. Their study attempts to investigate mobile banking services from a user perspective. In which contexts do alternative uses, e.g. savings, become popular and why? The final report will be presented during autumn 2009 and made available at the project blog: http://valuablebits.com. Meanwhile, they sent us this dispatch."
City University Ploughs £135K into Mobile Banking
"£135,000 of funding has been provided to City University London from the Government’s UK-India Education and Research Initiative (UKIERI). The university has a team of the university’s informatics and engineering specialists who intend to use the funds to develop new and improved security measures to mobile banking"
ECIC Holdings, Lime to launch mobile banking services in the Caribbean
"Caribbean telecommunications operator Lime, a subsidiary of the British-based company Cable & Wireless, has partnered with a number of local financial services providers to launch a mobile banking service, online news outlet sknvibes.com reports."
"Like all mobile phone users, iPhone users have always been able to use the browser on their phone to access their Zoompass account. But now you can use a dedicated application to access your Zoompass account through your iPhone anytime, anywhere. Instantly send and receive money, request money, check your account balance, track transactions, and more! The Zoompass app for iPhone has a nifty contact manager to help you sync your Zoompass account with the contacts already in your iPhone so you can Zoom money to anyone in your address book with just a few keystrokes."
A Look at Obopay: Mobile Payments Pioneer is Sticking to Its Knitting
"Obopay’s solution allows consumers to make payments to other consumers, by sending an SMS message with their mobile phones. Obopay operates on either a prepaid basis (you fund an Obopay account, and then send funds out of that account) or on a transactional basis – each outbound payment is separately funded. In the prepaid case, funding can be either by credit or debit card, or by an ACH transaction “pulled” from your bank account. The transactional basis requires credit or debit card funding."
Dispatch from Tanzania: Informal Value Transfers via Mobile
"These past few weeks we’ve been focused on Tanzania’s experience with mobile banking. We’re not alone. Gunnar Camner and Emil Sjöblom recently spent three months in Tanzania for their master’s thesis in Media Technology at the Royal Institute of Technology (KTH) in Stockholm, Sweden. Their study attempts to investigate mobile banking services from a user perspective. In which contexts do alternative uses, e.g. savings, become popular and why? The final report will be presented during autumn 2009 and made available at the project blog: http://valuablebits.com. Meanwhile, they sent us this dispatch."
City University Ploughs £135K into Mobile Banking
"£135,000 of funding has been provided to City University London from the Government’s UK-India Education and Research Initiative (UKIERI). The university has a team of the university’s informatics and engineering specialists who intend to use the funds to develop new and improved security measures to mobile banking"
ECIC Holdings, Lime to launch mobile banking services in the Caribbean
"Caribbean telecommunications operator Lime, a subsidiary of the British-based company Cable & Wireless, has partnered with a number of local financial services providers to launch a mobile banking service, online news outlet sknvibes.com reports."
Wednesday, May 6, 2009
Mobile Banking Updates - May 6
Harland launches mobile Web site design and hosting offering
"Expanding upon its current electronic banking offering which consists of Internet, mobile and business banking solutions, Harland Financial Solutions today announced the release of Cavion Mobile Website Hosting, a website hosting solution tailored to mobile devices."
Obopay Introduces Family Accounts
"Obopay has announced the Obopay Family Account that 'lets parents send money to their children -- or any family member -- instantly from any mobile phone. With Obopay's Family Account, parents get an Obopay Family Prepaid MasterCard issued by The Bancorp Bank for any child at least 13 years old, which can be used in-person, online or by phone with any merchant that accepts MasterCard debit cards.'"
E*TRADE Launches Mobile Pro Application for Apple iPhone
"E*TRADE FINANCIAL Corp. has announced that E*TRADE Securities LLC has introduced E*TRADE Mobile Pro for Apple’s iPhone and iPod touch, expanding customer access to on-the-go, real-time investment, market and account information. The application provides many of the same interface, security, trading and banking features available on etrade.com to customers via their iPhone or iPod touch. The application is available at no additional cost to all E*TRADE Securities customers via the Apple App Store."
"Expanding upon its current electronic banking offering which consists of Internet, mobile and business banking solutions, Harland Financial Solutions today announced the release of Cavion Mobile Website Hosting, a website hosting solution tailored to mobile devices."
Obopay Introduces Family Accounts
"Obopay has announced the Obopay Family Account that 'lets parents send money to their children -- or any family member -- instantly from any mobile phone. With Obopay's Family Account, parents get an Obopay Family Prepaid MasterCard issued by The Bancorp Bank for any child at least 13 years old, which can be used in-person, online or by phone with any merchant that accepts MasterCard debit cards.'"
E*TRADE Launches Mobile Pro Application for Apple iPhone
"E*TRADE FINANCIAL Corp. has announced that E*TRADE Securities LLC has introduced E*TRADE Mobile Pro for Apple’s iPhone and iPod touch, expanding customer access to on-the-go, real-time investment, market and account information. The application provides many of the same interface, security, trading and banking features available on etrade.com to customers via their iPhone or iPod touch. The application is available at no additional cost to all E*TRADE Securities customers via the Apple App Store."
Thursday, March 26, 2009
Mobile Banking Updates - Mar 26
Nokia invests in mobile money firm Obopay
"The world's top cellphone maker Nokia (NOK1V.HE) has bought a minority stake in Obopay, enabling the U.S. mobile money firm to extend its product offering and geographical presence.'This investment reflects our belief in the global potential for mobile payments,' Teppo Paavola, head of Corporate Business Development at Nokia, said in a statement. The size of the investment was not disclosed."
MasterCard outlines mobile strategy
"The last piece of the mobile contactless payments puzzle in the U.S. is the commercial roll-out of NFC-enabled handsets from major OEMs and carriers, according to MasterCard. MasterCard Worldwide announced the issuance of the 50 millionth MasterCard PayPass card or mobile device, as of the fourth quarter 2008, which in the last year more than doubles the number of cards and devices in circulation worldwide."
HSBC adds mobile banking to outsourced payments platform
"Under the deal, HSBC's MPS (Managed Payments Service) - which brings together transactional banking, multi-bank connectivity and full data integration in an outsourced proposition - will now incorporate Petra Financial's Touchstone Mobile Banking software as an additional feature."
EPL and TRG Mobilearth team on m-banking offering
"Their approach to mobile banking is easy-to-use, cost effective and flexible. In addition, their culture and commitment to service strongly aligns with our own. We are excited to team up with Mobilearth to offer this emerging important member service."
"The world's top cellphone maker Nokia (NOK1V.HE) has bought a minority stake in Obopay, enabling the U.S. mobile money firm to extend its product offering and geographical presence.'This investment reflects our belief in the global potential for mobile payments,' Teppo Paavola, head of Corporate Business Development at Nokia, said in a statement. The size of the investment was not disclosed."
MasterCard outlines mobile strategy
"The last piece of the mobile contactless payments puzzle in the U.S. is the commercial roll-out of NFC-enabled handsets from major OEMs and carriers, according to MasterCard. MasterCard Worldwide announced the issuance of the 50 millionth MasterCard PayPass card or mobile device, as of the fourth quarter 2008, which in the last year more than doubles the number of cards and devices in circulation worldwide."
HSBC adds mobile banking to outsourced payments platform
"Under the deal, HSBC's MPS (Managed Payments Service) - which brings together transactional banking, multi-bank connectivity and full data integration in an outsourced proposition - will now incorporate Petra Financial's Touchstone Mobile Banking software as an additional feature."
EPL and TRG Mobilearth team on m-banking offering
"Their approach to mobile banking is easy-to-use, cost effective and flexible. In addition, their culture and commitment to service strongly aligns with our own. We are excited to team up with Mobilearth to offer this emerging important member service."
Wednesday, November 19, 2008
Mobile Banking Announcements for BAI
Citi and Firethorn Launch Citi Mobile for Cards
"Today, Citi and Firethorn Holdings, LLC, a Qualcomm company (NASDAQ: QCOM), introduced Citi Mobile for Cards, an advanced mobile solution that allows Citi credit card customers to quickly, easily and securely access real-time credit card account information on their mobile phones. Citi Mobile for Cards is now available to AT&T subscribers as part of AT&T Mobile Banking, and to Verizon Wireless customers who download and use the free mobile banking application on Get It Now."
Mobilearth and Cooperative Services bring Mobile Banking to the Credit Unions of Georgia.
"Mobilearth, a provider of Mobile Banking software for financial institutions is pleased to announce a reseller agreement with Cooperative Services, Inc. to provide mobile banking to credit unions throughout the state of Georgia. A unique pilot program over the summer gave credit unions in the Atlanta area the opportunity to try out mobile banking without no strings attached."
Monitise Americas Announces 23 New Mobile Banking Partnerships
"Monitise Americas has announced that 23 additional financial institutions have signed agreements with Metavante to provide mobile services to their customers and members. These new agreements add to the growing list of financial institutions that have chosen the Monitise Americas solution for their mobile needs. Metavante is a leading provider of banking and payments technology."
S1 Corporation signs tenth FI mobile banking customer
"S1 Corporation (Nasdaq: SONE), a leading global provider of customer interaction software solutions for financial and payment services, today announced that ten customers have licensed S1 Mobile, which enables financial institutions worldwide to drive mobile banking and payments revenues from their retail and business customers."
Sybase 365 Announces Partnership with paybox Furthering Mobile Commerce Globally
"Sybase 365, a subsidiary of Sybase, Inc., the global leader in mobile messaging services, today announced a partnership agreement with paybox, a leader in mobile payment solutions, that will extend mobile payments and mobile money services to customers worldwide."
FIS to Offer Obopay Mobile Payments to its Bank Customers.
"Fidelity National Information Services (FIS) is to offer Obopay's mobile person-to-person payment service to FIS's roughly 1700 bank customers, the pair announced at BAI's Retail Delivery show. Jacksonville, Fla.-based FIS is starting to sign up interested banks, Kishore Bayyapureddy, senior vice president of FIS told BS&T."
ClairMail Customers See Rapid Growth and Adoption of Mobile Banking
"ClairMail, Inc., the leader in 2-way mobile phone-based customer interaction, today announced that the ClairMail System is processing millions of monthly mobile banking transactions and seeing tremendous adoption and continued growth, with over 12 mobile banking transactions conducted every month per consumer."
CPNI integrates P2P m-payments system with Sun technology
"CPNI (CPNI) today announced that it will offer Financial Institutions the integration of CPNI's Phone Authorized Transfer (PAT) mobile commerce software with Sun Java Composite Application Platform Suite (Java CAPS)."
"Today, Citi and Firethorn Holdings, LLC, a Qualcomm company (NASDAQ: QCOM), introduced Citi Mobile for Cards, an advanced mobile solution that allows Citi credit card customers to quickly, easily and securely access real-time credit card account information on their mobile phones. Citi Mobile for Cards is now available to AT&T subscribers as part of AT&T Mobile Banking, and to Verizon Wireless customers who download and use the free mobile banking application on Get It Now."
Mobilearth and Cooperative Services bring Mobile Banking to the Credit Unions of Georgia.
"Mobilearth, a provider of Mobile Banking software for financial institutions is pleased to announce a reseller agreement with Cooperative Services, Inc. to provide mobile banking to credit unions throughout the state of Georgia. A unique pilot program over the summer gave credit unions in the Atlanta area the opportunity to try out mobile banking without no strings attached."
Monitise Americas Announces 23 New Mobile Banking Partnerships
"Monitise Americas has announced that 23 additional financial institutions have signed agreements with Metavante to provide mobile services to their customers and members. These new agreements add to the growing list of financial institutions that have chosen the Monitise Americas solution for their mobile needs. Metavante is a leading provider of banking and payments technology."
S1 Corporation signs tenth FI mobile banking customer
"S1 Corporation (Nasdaq: SONE), a leading global provider of customer interaction software solutions for financial and payment services, today announced that ten customers have licensed S1 Mobile, which enables financial institutions worldwide to drive mobile banking and payments revenues from their retail and business customers."
Sybase 365 Announces Partnership with paybox Furthering Mobile Commerce Globally
"Sybase 365, a subsidiary of Sybase, Inc., the global leader in mobile messaging services, today announced a partnership agreement with paybox, a leader in mobile payment solutions, that will extend mobile payments and mobile money services to customers worldwide."
FIS to Offer Obopay Mobile Payments to its Bank Customers.
"Fidelity National Information Services (FIS) is to offer Obopay's mobile person-to-person payment service to FIS's roughly 1700 bank customers, the pair announced at BAI's Retail Delivery show. Jacksonville, Fla.-based FIS is starting to sign up interested banks, Kishore Bayyapureddy, senior vice president of FIS told BS&T."
ClairMail Customers See Rapid Growth and Adoption of Mobile Banking
"ClairMail, Inc., the leader in 2-way mobile phone-based customer interaction, today announced that the ClairMail System is processing millions of monthly mobile banking transactions and seeing tremendous adoption and continued growth, with over 12 mobile banking transactions conducted every month per consumer."
CPNI integrates P2P m-payments system with Sun technology
"CPNI (CPNI) today announced that it will offer Financial Institutions the integration of CPNI's Phone Authorized Transfer (PAT) mobile commerce software with Sun Java Composite Application Platform Suite (Java CAPS)."
Tuesday, October 14, 2008
Mobile Banking Updates - Oct 14
Citi and Obopay roll out P2P m-payments service nationwide
"Citi and Obopay have launched a US-wide person-to-person (P2P) mobile payments pilot for the bank's customers. The mobile payment service will be offered to all Citibank customers in the US, with a focus on Boston, Chicago, Maryland, Philadelphia and New Jersey."
Lloyds TSB Launches Mobile Banking Enhancements
"Lloyds TSB says it has "become the first bank in the UK to offer a range of banking services allowing customers to monitor and manage their money on a mobile phone. The new Lloyds TSB Mobile Services are unique in giving customers the ability to move money instantly between accounts through a Mobile Banking application and receive text messages about their finances."
With Digipass for Mobile VASCO Data Security Expands Its Authentication Software Offering
"The new version of Digipass for Mobile comes with a dedicated Software Development Kit (SDK) to enable the transparent embedding of Digipass for Mobile functionality in e-banking and m-banking applications"
More than half of retailers considering mobile contactless payments
"Aberdeen, a Harte-Hanks Company, surveyed 180 companies to outline the implications and trends related to proximity mobile payments. Retail, hospitality, and transit companies are indicating high levels of awareness for mobile payments and NFC acceptance."
"Citi and Obopay have launched a US-wide person-to-person (P2P) mobile payments pilot for the bank's customers. The mobile payment service will be offered to all Citibank customers in the US, with a focus on Boston, Chicago, Maryland, Philadelphia and New Jersey."
Lloyds TSB Launches Mobile Banking Enhancements
"Lloyds TSB says it has "become the first bank in the UK to offer a range of banking services allowing customers to monitor and manage their money on a mobile phone. The new Lloyds TSB Mobile Services are unique in giving customers the ability to move money instantly between accounts through a Mobile Banking application and receive text messages about their finances."
With Digipass for Mobile VASCO Data Security Expands Its Authentication Software Offering
"The new version of Digipass for Mobile comes with a dedicated Software Development Kit (SDK) to enable the transparent embedding of Digipass for Mobile functionality in e-banking and m-banking applications"
More than half of retailers considering mobile contactless payments
"Aberdeen, a Harte-Hanks Company, surveyed 180 companies to outline the implications and trends related to proximity mobile payments. Retail, hospitality, and transit companies are indicating high levels of awareness for mobile payments and NFC acceptance."
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