"Smartphones let us bring our photos, email and social media everywhere we go. Many of us use smartphones for mobile banking, shopping and storing important, private information. In spite of that wealth of stored data, Apple reports that half of all iPhone users ignore the passcode lock feature. Many users say it's just too cumbersome to tap in a passcode every time they need their phones. But that leaves information vulnerable if their phones are lost or stolen.
So Apple's iPhone 5S includes fingerprint-scanning technology called Touch ID to unlock the phone and make iTunes purchases. Some are calling it a key development: a more secure way to authenticate mobile transactions and protect your data. Others are concerned about privacy, worried that users' fingerprints will be kept on record at Apple or made available to third-party software developers." Continue Reading
Showing posts with label Apple. Show all posts
Showing posts with label Apple. Show all posts
Wednesday, November 13, 2013
Tuesday, November 5, 2013
The 'mobile wallet' is putting a hole in banks' pockets
"Bankers have a lot to worry about these days: stress tests, bad loans, cutting costs and increasingly trying to drive their customers toward new technology in the hope that they can close more branches.
But a recent conversation with a couple of senior Irish bankers revealed to me how worried they are about technology companies such as Google, Facebook, PayPal and Apple, who they see as potentially eating a large slice of the banker's lunch." Continue Reading
Sunday, September 29, 2013
Mobility Matters: Fingerprints Coming to Mobile Banking?
"When Apple talks, who doesn’t listen? In mid-September the Cupertino, Calif., tech behemoth announced it would make fingerprint authentication available on its new iPhone 5S and immediately, across financial services, the question was raised: Will this impact mobile banking logins?
At the crux is the realization that the traditional username/password login is broken. There are way too many compromised logins and thus a rush to perfect other forms of authentication, often biometric." Continue Reading
At the crux is the realization that the traditional username/password login is broken. There are way too many compromised logins and thus a rush to perfect other forms of authentication, often biometric." Continue Reading
Sunday, February 3, 2013
Mobile Banking Updates - Feb 3
Mobile Banking And Payment Startup mFoundry Sold To FIS For $120M On $165M Valuation
"Some consolidation in the world of mobile payments and mobile banking: mFoundry is getting acquired by FIS for $120 million. FIS — a banking and payment provider that works with some 14,000 banks worldwide — already had a 22% stake in the company; today’s deal will see it paying for the remaining 78% in cash, for a total valuation of $162-$165 million. mFoundry provides mobile banking and mobile payment solutions to some 850 banks and retailers, including Bank of America and Starbucks, which uses some of mFoundry’s technology to enable mobile payments, which complements the partnership that Starbucks has with Square."
Apple Patents Crowdsourced, Peer-To-Peer Mobile Banking That Could Use iTunes To Provide Cash On Demand
"Today the USPTO published an Apple patent application (spotted by UnwiredView) that ventures a little farther afield than most, and describes a mobile banking concept that is truly innovative, which could essentially turn iTunes into a micro-lending bank. The patent outlines a system whereby a user would post requests for small amounts of cash using their iPhone, which other nearby users could respond to to provide some quick funds when there’s no ATM nearby."
HOW TO ENCOURAGE MOBILE BANKING USE
"When we look at our Technographics data on mobile banking adoption by bank, it’s clear that some banks are doing much better than others. Why? Some banks are lucky. Some banks have distinctive brands or propositions that have earned them a customer base that is younger, better educated and higher income than the population as a whole. These customers are more likely to own smartphones, more like to use the mobile Internet, and more likely to be technology optimists. That makes them pre-disposed towards using mobile banking and so relatively easier to persuade to adopt mobile banking. Others have just worked hard. The rising tide of mobile Internet adoption is not raising all boats at equal speed. Some banks have persuaded far more of their customers to use mobile banking than others. The secret of their success? The digital banking teams at the most successful banks have worked long and hard to design, build and promote mobile banking services that meet their customers’ needs."
Mobile banking focuses on customer convenience
"Mobile banking is all about convenience. 'Customers don’t go anywhere without their phones anymore. With mobile, it’s all right there,' said Brad Larson, Great Western Bank operations manager. Great Western Bank launched mobile services last year, with text banking, a mobile website and applications for Apple, Blackberry and Android mobile devices."
"Some consolidation in the world of mobile payments and mobile banking: mFoundry is getting acquired by FIS for $120 million. FIS — a banking and payment provider that works with some 14,000 banks worldwide — already had a 22% stake in the company; today’s deal will see it paying for the remaining 78% in cash, for a total valuation of $162-$165 million. mFoundry provides mobile banking and mobile payment solutions to some 850 banks and retailers, including Bank of America and Starbucks, which uses some of mFoundry’s technology to enable mobile payments, which complements the partnership that Starbucks has with Square."
Apple Patents Crowdsourced, Peer-To-Peer Mobile Banking That Could Use iTunes To Provide Cash On Demand
"Today the USPTO published an Apple patent application (spotted by UnwiredView) that ventures a little farther afield than most, and describes a mobile banking concept that is truly innovative, which could essentially turn iTunes into a micro-lending bank. The patent outlines a system whereby a user would post requests for small amounts of cash using their iPhone, which other nearby users could respond to to provide some quick funds when there’s no ATM nearby."
HOW TO ENCOURAGE MOBILE BANKING USE
"When we look at our Technographics data on mobile banking adoption by bank, it’s clear that some banks are doing much better than others. Why? Some banks are lucky. Some banks have distinctive brands or propositions that have earned them a customer base that is younger, better educated and higher income than the population as a whole. These customers are more likely to own smartphones, more like to use the mobile Internet, and more likely to be technology optimists. That makes them pre-disposed towards using mobile banking and so relatively easier to persuade to adopt mobile banking. Others have just worked hard. The rising tide of mobile Internet adoption is not raising all boats at equal speed. Some banks have persuaded far more of their customers to use mobile banking than others. The secret of their success? The digital banking teams at the most successful banks have worked long and hard to design, build and promote mobile banking services that meet their customers’ needs."
Mobile banking focuses on customer convenience
"Mobile banking is all about convenience. 'Customers don’t go anywhere without their phones anymore. With mobile, it’s all right there,' said Brad Larson, Great Western Bank operations manager. Great Western Bank launched mobile services last year, with text banking, a mobile website and applications for Apple, Blackberry and Android mobile devices."
Thursday, November 15, 2012
Mobile Banking Updates - Nov 15
Keynote Mobile Banking Scorecard Reveals Top Retail Banks Fast Adopting Mobile Strategies
"Keynote® Systems (NAS: KEYN), the global leader in mobile and web cloud testing and monitoring, today announced the results of the Fall 2012 edition of the Keynote Mobile Banking Scorecard, first launched in 2011 and the standard in benchmarking consumer mobile banking offerings. Chase Bank achieved its second consecutive win for Overall Score, while second place went to Wells Fargo and third place to Bank of America. Leaders for individual modes include BB&T for Text banking, Wells Fargo for Mobile Web, Chase for iPhone and BlackBerry App banking and Bank of America for its Android App. Looking across the five modes, the Scorecard found Chase offers the best overall Functionality and Ease of Use while Wells Fargo leads in Privacy & Security and Quality & Availability."
Everything significant we are working on is around mobile?
"Eric Schmidt, executive chairman of Google, famously said that “everything significant we are working on is around mobile,” reflecting the current core focus on mobile in the technology industry – something mirrored throughout financial services and retail. Schmidt’s quote also highlights the multitude of different mobile offerings currently on the market, and the fact that the largest companies are already choosing to keep several irons in the fire. At a recent Digital Banking Club event, this led the room to the question – should banking strategy now be mobile led?"
Mobile Banking and Payments Study: Multi-Device Mobile Support Becomes Ubiquitous; Rewards and Payments Grow
"First Annapolis Consulting’s third annual Mobile Banking and Payments Study reveals that 81 of the top 100 U.S. financial institutions currently offer some form of mobile banking, an 11% increase over the same figure one year ago. In addition to offering access through smartphone applications and the mobile web, 60 of the FIs offer some form of alerts or account management functionality via SMS (text message), and 26 banks have also launched an application optimized for tablets. This data highlights the omni-channel approach financial institutions are pursuing as mobile banking services become more widely accepted by customers."
This Exec Has An Outrageous Plan To Make SAP Bigger In Mobile Than Apple
"SAP, the enterprise software company, has a crazy ambition. It wants to get a billion people using its software by 2015. That's about double the footprint the company has now—and a lofty goal for a company that, despite its reach into the innards of businesses, is hardly a household name. The plan largely rests in the hands of Sanjay Poonen, who heads the company's mobile division and is also responsible for its analytics, database, and technology products."
Tech Companies Start Creating Windows 8 Mobile Banking Apps
"On the heels of Windows 8 officially hitting the market, financial services technology vendors have begun supporting Microsoft’s (MSFT) overhauled operating system for laptops, desktops and tablets. Harland Financial Solutions and Kony Solutions are among the first to create mobile banking apps for this platform."
80% of Consumers Deem Mobile Banking Important: Survey
"It’s a mobile world, and more and more consumers are hoping to use their devices to take care of their banking business. Indeed, new research shows that 80% of those surveyed say mobile banking is important. The survey of 200 consumers, published by Verve Mobile, a U.S. mobile advertising company specializing in location-powered solutions, also shared some insights on the most commonly used location services related to mobile banking, including an ATM locator by current location (51%), branch locator (19%), ATM by zip code (19%) and branches filtered by services (12%)."
Social Banking: When Financial Innovation Helps the 99 Percent
"For the world’s 2.5 billion people living on less than $2 a day, 80% of whom do not have access to a formal bank account, savings may seem like a foreign concept. Yet, in the book, Portfolios of the Poor: How the World’s Poor Live on $2 a Day, the authors reveal that, despite limited formal options, lower-income populations do engage regularly in savings behavior — from informal networks and family ties to sophisticated savings clubs."
"Keynote® Systems (NAS: KEYN), the global leader in mobile and web cloud testing and monitoring, today announced the results of the Fall 2012 edition of the Keynote Mobile Banking Scorecard, first launched in 2011 and the standard in benchmarking consumer mobile banking offerings. Chase Bank achieved its second consecutive win for Overall Score, while second place went to Wells Fargo and third place to Bank of America. Leaders for individual modes include BB&T for Text banking, Wells Fargo for Mobile Web, Chase for iPhone and BlackBerry App banking and Bank of America for its Android App. Looking across the five modes, the Scorecard found Chase offers the best overall Functionality and Ease of Use while Wells Fargo leads in Privacy & Security and Quality & Availability."
Everything significant we are working on is around mobile?
"Eric Schmidt, executive chairman of Google, famously said that “everything significant we are working on is around mobile,” reflecting the current core focus on mobile in the technology industry – something mirrored throughout financial services and retail. Schmidt’s quote also highlights the multitude of different mobile offerings currently on the market, and the fact that the largest companies are already choosing to keep several irons in the fire. At a recent Digital Banking Club event, this led the room to the question – should banking strategy now be mobile led?"
Mobile Banking and Payments Study: Multi-Device Mobile Support Becomes Ubiquitous; Rewards and Payments Grow
"First Annapolis Consulting’s third annual Mobile Banking and Payments Study reveals that 81 of the top 100 U.S. financial institutions currently offer some form of mobile banking, an 11% increase over the same figure one year ago. In addition to offering access through smartphone applications and the mobile web, 60 of the FIs offer some form of alerts or account management functionality via SMS (text message), and 26 banks have also launched an application optimized for tablets. This data highlights the omni-channel approach financial institutions are pursuing as mobile banking services become more widely accepted by customers."
This Exec Has An Outrageous Plan To Make SAP Bigger In Mobile Than Apple
"SAP, the enterprise software company, has a crazy ambition. It wants to get a billion people using its software by 2015. That's about double the footprint the company has now—and a lofty goal for a company that, despite its reach into the innards of businesses, is hardly a household name. The plan largely rests in the hands of Sanjay Poonen, who heads the company's mobile division and is also responsible for its analytics, database, and technology products."
Tech Companies Start Creating Windows 8 Mobile Banking Apps
"On the heels of Windows 8 officially hitting the market, financial services technology vendors have begun supporting Microsoft’s (MSFT) overhauled operating system for laptops, desktops and tablets. Harland Financial Solutions and Kony Solutions are among the first to create mobile banking apps for this platform."
80% of Consumers Deem Mobile Banking Important: Survey
"It’s a mobile world, and more and more consumers are hoping to use their devices to take care of their banking business. Indeed, new research shows that 80% of those surveyed say mobile banking is important. The survey of 200 consumers, published by Verve Mobile, a U.S. mobile advertising company specializing in location-powered solutions, also shared some insights on the most commonly used location services related to mobile banking, including an ATM locator by current location (51%), branch locator (19%), ATM by zip code (19%) and branches filtered by services (12%)."
Social Banking: When Financial Innovation Helps the 99 Percent
"For the world’s 2.5 billion people living on less than $2 a day, 80% of whom do not have access to a formal bank account, savings may seem like a foreign concept. Yet, in the book, Portfolios of the Poor: How the World’s Poor Live on $2 a Day, the authors reveal that, despite limited formal options, lower-income populations do engage regularly in savings behavior — from informal networks and family ties to sophisticated savings clubs."
Tuesday, October 30, 2012
Mobile Banking Updates - Oct 30
Young adults drive popularity up
"The popularity of mobile banking has increased significantly since 2010, the American Bankers Association (ABA) said in a recent report. According to a recent survey from the ABA – conducted by Ipsos Public Affairs in early August – mobile banking is now the preferred banking method of six percent of banking customers, which represents a 100 percent increase from 2010. In the age group of 18-34 year-olds, 15 percent of banking customers preferred mobile banking."
Legally blind
"Most major banks have treated mobile banking as an enigma wrapped in a paradox over the last two years. They have convinced themselves that the growth of mobile banking was an unpredictable occurrence. In insurance terms they would probably claim it was "an act of God." The real truth is that this so called overnight sensation was at least a decade in the making. Since South African bank Absa launched the first mobile banking solution in 2002, leading experts, analysts and futurists have predicted the mass adoption of mobile banking services."
Google, Apple Expand Micropayment Systems for Web Content and Mobile Purchasing
"Efforts to monetize web content have largely failed in the past, with users preferring to switch rather than pay for information. Earlier this month, Google Wallet expanded its micropayment capabilities to include web content. Websites can now set up their pages so that users can sample some portion of the web content and then see a banner (bottom figure) that tells them that seeing more of the content will require paying a fee. The system also works for buying other types of products over the web."
Mobility Matters: Tracking the Mobile Banking Revolution in Credit Unions
"What mobile banking users are actually doing – and how much real money they are moving - now is starting to come into focus as more players in the field hike their kimonos, at least a bit. A big data dump from Malauzai, the Austin, Texas, mobile banking apps developer with ties to Catalyst Corporate, has offered many – sometimes surprising – insights into what is happening in the mobile channel."
Global Digital Economy - The E-Commerce and M-Commerce Landscape
"The global e-commerce market has been recently invigorated by the growing use of smart phones leading to a fast growth in mobile commerce. E-Commerce and m-commerce have become very important areas of focus for mobile operators, IT, Internet media players, financial institutions, retail, and payment processing firms alike. With so many interested parties, the sector has become very competitive and created a heady mix of industry activity."
EXPLODING MOBILE-BANKING INDUSTRY WORTH BETTING ON
"There's a big opportunity for service providers and application developers in emerging markets. A new report from Berg Insight says that the number of active mobile money users in emerging markets will grow from 61 million last year to 381 million by 2017. That's a compound annual growth rate of 36 percent. Several of the most successful mobile money services today are in Africa, Berg noted, but Asia-Pacific is expected to become the most important regional market, accounting for nearly two-thirds of the active user base in 2017. The total value of mobile money transactions is projected to grow from $44 billion in 2011 to $395 billion in 2017, a CAGR or 44 percent."
Are Americans Ready for Banking via Social Media?
"A bank in South Africa announced this summer that its mobile banking customers will now be able to conduct transactions and monitor their accounts through Facebook. This type of cross-pollination between banks and social media does not yet exist in the United States, but it could be coming."
Retail banking's new threat
"This is an increasingly crucial issue for banks. Mobile banking is a major technological development, and history suggests that incumbents can be reduced to obscurity as new players, or “market disruptors”, use improved technology to upset the old order. For example, companies such as Netflix, which uses postal and later online distribution of rented films, are revolutionising the way consumers access movies. A consequence has been that Blockbuster, a traditional bricks-and-mortar DVD rental company, has lost enormous market share."
"The popularity of mobile banking has increased significantly since 2010, the American Bankers Association (ABA) said in a recent report. According to a recent survey from the ABA – conducted by Ipsos Public Affairs in early August – mobile banking is now the preferred banking method of six percent of banking customers, which represents a 100 percent increase from 2010. In the age group of 18-34 year-olds, 15 percent of banking customers preferred mobile banking."
Legally blind
"Most major banks have treated mobile banking as an enigma wrapped in a paradox over the last two years. They have convinced themselves that the growth of mobile banking was an unpredictable occurrence. In insurance terms they would probably claim it was "an act of God." The real truth is that this so called overnight sensation was at least a decade in the making. Since South African bank Absa launched the first mobile banking solution in 2002, leading experts, analysts and futurists have predicted the mass adoption of mobile banking services."
Google, Apple Expand Micropayment Systems for Web Content and Mobile Purchasing
"Efforts to monetize web content have largely failed in the past, with users preferring to switch rather than pay for information. Earlier this month, Google Wallet expanded its micropayment capabilities to include web content. Websites can now set up their pages so that users can sample some portion of the web content and then see a banner (bottom figure) that tells them that seeing more of the content will require paying a fee. The system also works for buying other types of products over the web."
Mobility Matters: Tracking the Mobile Banking Revolution in Credit Unions
"What mobile banking users are actually doing – and how much real money they are moving - now is starting to come into focus as more players in the field hike their kimonos, at least a bit. A big data dump from Malauzai, the Austin, Texas, mobile banking apps developer with ties to Catalyst Corporate, has offered many – sometimes surprising – insights into what is happening in the mobile channel."
Global Digital Economy - The E-Commerce and M-Commerce Landscape
"The global e-commerce market has been recently invigorated by the growing use of smart phones leading to a fast growth in mobile commerce. E-Commerce and m-commerce have become very important areas of focus for mobile operators, IT, Internet media players, financial institutions, retail, and payment processing firms alike. With so many interested parties, the sector has become very competitive and created a heady mix of industry activity."
EXPLODING MOBILE-BANKING INDUSTRY WORTH BETTING ON
"There's a big opportunity for service providers and application developers in emerging markets. A new report from Berg Insight says that the number of active mobile money users in emerging markets will grow from 61 million last year to 381 million by 2017. That's a compound annual growth rate of 36 percent. Several of the most successful mobile money services today are in Africa, Berg noted, but Asia-Pacific is expected to become the most important regional market, accounting for nearly two-thirds of the active user base in 2017. The total value of mobile money transactions is projected to grow from $44 billion in 2011 to $395 billion in 2017, a CAGR or 44 percent."
Are Americans Ready for Banking via Social Media?
"A bank in South Africa announced this summer that its mobile banking customers will now be able to conduct transactions and monitor their accounts through Facebook. This type of cross-pollination between banks and social media does not yet exist in the United States, but it could be coming."
Retail banking's new threat
"This is an increasingly crucial issue for banks. Mobile banking is a major technological development, and history suggests that incumbents can be reduced to obscurity as new players, or “market disruptors”, use improved technology to upset the old order. For example, companies such as Netflix, which uses postal and later online distribution of rented films, are revolutionising the way consumers access movies. A consequence has been that Blockbuster, a traditional bricks-and-mortar DVD rental company, has lost enormous market share."
Tuesday, October 2, 2012
International Mobile Banking Updates - Oct 2
MOBILE BANKING (First of two parts)
"THE popularity of cell phones in the Philippines is undeniable and palpable. Ask any person on the street if he has a cell phone, and 7 out of 10 would probably say yes. Sadly, while access to mobile phone services has rocketed in recent years, access to financial services remains a major barrier to economic growth. If only banks here were as easily accessible as cell phones, particularly in the rural areas!"
Anytime-anywhere banking, courtesy RBI
"Customers can now pay for their taxi rides, pizzas, kirana store purchases anytime, anywhere with their mobile phones, reports CNBC-TV18's Gopika Gopakumar. Have you run out of cash while shopping? Don't worry! You can pay anyone including your neighbourhood kirana store with your mobile phone. The National Payments Corporation of India (NPCI), the organisation set up by the RBI for all retail payments, has now launched the inter-bank mobile payment service for all merchants. This will allow customers to pay their bills for as little as 25 paise for each transaction."
Mobile banking expands in rural areas
"In 2011, Philippine rural banks processed over P4.9 billion (roughly $116 million) worth of banking transactions which were enabled by mobile banking. In fact, the former head of the Microentrepreneurs Access to Banking Services (MABS) program John V. Owens said a 58-percent increase in the volume of transactions through mobile banking has been noted in the first four months of 2012. Since mobile banking or access to banking services through the mobile phone technology was introduced in 2006, a total of P16 billion (approximately $363 million) had been processed."
KBank boosts mobile and cyber-banking services
"Art Wichiencharoen, first senior vice president of Kasikornbank, said that the company usually invests about Bt100 million to keep the bank's technologies up to date in order to provide a wide new range of secure cyber-banking and mobile-banking services. Currently, the bank has more than 1.4 million users of its cyber-banking services, with 400,000 active users per month. Meanwhile, it has more than 1.2 million registered users of its mobile-banking service, with about 500,000 active users per month."
SBI, ICICI lead the pack as m-banking gains currency
"Mumbai: Anand Chaturvedi, a 27-year-old analyst with a brokerage firm in Mumbai, started using his mobile phone for banking about six months back “because it is easy to use and accessible from anywhere”. When in office, he does Internet banking, but uses the mobile banking (m-banking) services of ICICI Bank Ltd and HDFC Bank Ltd when travelling. Vinaya Venugopalan, a 26-year-old information technology (IT) manager with an Indian bank, started using m-banking in May. He is comfortable with the service, but limits it mostly to checking his bank balance."
Australians slow to embrace mobile banking
"A cashless future where the bulk of consumers rely on mobile phones for their banking needs may be further away than many in the financial services industry claim. That's because consumers in Australia have not shown wide acceptance of mobile banking at a time when technical barriers persist and the challenge of an ageing demographic looms."
Way to beat a cash economy
"In a predominantly cash-run economy, electronic payment methods that provide convenience to users while lowering the transaction cost of banks make immense sense. Mobile banking, or m-banking, that started with small SMS transactions, is one such mechanism. Today, with more than 900 million cellphone subscribers in the country and hundreds of tablet PCs, there should ideally be many takers. According to a August Reserve Bank of India (RBI) report, in fiscal 2012, however, only 13 million people across 49 banks used m-banking services, and made 25.6 million transactions valued at Rs.1,820 crore."
Capitec mobile banking hits 2 million clients
"South African commercial bank Capitec Bank Holdings reported on Wednesday (26 September), that it had signed up more than two million clients to its mobile banking service. 'Capitec promotes the use of mobile banking, and at the end of August 2012, in excess of 2.0 million clients were registered for this service.'"
Mobile tellers take banking by storm
"Since taking the reins as chief information officer for Westpac, Clive Whincup has presided over the launch of the bank’s first iPad application; a trial to turn Android smartphones into contactless payment devices; the introduction of an iPad app to replace printed board papers; a 1000 iPad pilot for bank executives; and a St George innovation that allows payments to be made from a smartphone using only the recipient’s mobile number."
Mobile devices change the face of banking
"How about taking a picture of a cheque with your smartphone to deposit it? What about getting online advice about your investments when you're on your tablet? And then there's paying for small purchases with smartphones. The use of smartphones and tablets in consumers' everyday lives is helping push changes in how they bank, pay for bills and even how they can get investment advice, say experts."
The rise of mobile money is driven by the poor
"As Google, Apple, Paypal, Mastercard and the entire banking community fights over mobile money, we decided to look to the power users to find out what the near future of monetary exchange might look like. The World Bank’s treasure trove of open data on mobile banking is a well stocked pantry for the data hungry. Welcome to our first data snack and enjoy the graph we created below."
"THE popularity of cell phones in the Philippines is undeniable and palpable. Ask any person on the street if he has a cell phone, and 7 out of 10 would probably say yes. Sadly, while access to mobile phone services has rocketed in recent years, access to financial services remains a major barrier to economic growth. If only banks here were as easily accessible as cell phones, particularly in the rural areas!"
Anytime-anywhere banking, courtesy RBI
"Customers can now pay for their taxi rides, pizzas, kirana store purchases anytime, anywhere with their mobile phones, reports CNBC-TV18's Gopika Gopakumar. Have you run out of cash while shopping? Don't worry! You can pay anyone including your neighbourhood kirana store with your mobile phone. The National Payments Corporation of India (NPCI), the organisation set up by the RBI for all retail payments, has now launched the inter-bank mobile payment service for all merchants. This will allow customers to pay their bills for as little as 25 paise for each transaction."
Mobile banking expands in rural areas
"In 2011, Philippine rural banks processed over P4.9 billion (roughly $116 million) worth of banking transactions which were enabled by mobile banking. In fact, the former head of the Microentrepreneurs Access to Banking Services (MABS) program John V. Owens said a 58-percent increase in the volume of transactions through mobile banking has been noted in the first four months of 2012. Since mobile banking or access to banking services through the mobile phone technology was introduced in 2006, a total of P16 billion (approximately $363 million) had been processed."
KBank boosts mobile and cyber-banking services
"Art Wichiencharoen, first senior vice president of Kasikornbank, said that the company usually invests about Bt100 million to keep the bank's technologies up to date in order to provide a wide new range of secure cyber-banking and mobile-banking services. Currently, the bank has more than 1.4 million users of its cyber-banking services, with 400,000 active users per month. Meanwhile, it has more than 1.2 million registered users of its mobile-banking service, with about 500,000 active users per month."
SBI, ICICI lead the pack as m-banking gains currency
"Mumbai: Anand Chaturvedi, a 27-year-old analyst with a brokerage firm in Mumbai, started using his mobile phone for banking about six months back “because it is easy to use and accessible from anywhere”. When in office, he does Internet banking, but uses the mobile banking (m-banking) services of ICICI Bank Ltd and HDFC Bank Ltd when travelling. Vinaya Venugopalan, a 26-year-old information technology (IT) manager with an Indian bank, started using m-banking in May. He is comfortable with the service, but limits it mostly to checking his bank balance."
Australians slow to embrace mobile banking
"A cashless future where the bulk of consumers rely on mobile phones for their banking needs may be further away than many in the financial services industry claim. That's because consumers in Australia have not shown wide acceptance of mobile banking at a time when technical barriers persist and the challenge of an ageing demographic looms."
Way to beat a cash economy
"In a predominantly cash-run economy, electronic payment methods that provide convenience to users while lowering the transaction cost of banks make immense sense. Mobile banking, or m-banking, that started with small SMS transactions, is one such mechanism. Today, with more than 900 million cellphone subscribers in the country and hundreds of tablet PCs, there should ideally be many takers. According to a August Reserve Bank of India (RBI) report, in fiscal 2012, however, only 13 million people across 49 banks used m-banking services, and made 25.6 million transactions valued at Rs.1,820 crore."
Capitec mobile banking hits 2 million clients
"South African commercial bank Capitec Bank Holdings reported on Wednesday (26 September), that it had signed up more than two million clients to its mobile banking service. 'Capitec promotes the use of mobile banking, and at the end of August 2012, in excess of 2.0 million clients were registered for this service.'"
Mobile tellers take banking by storm
"Since taking the reins as chief information officer for Westpac, Clive Whincup has presided over the launch of the bank’s first iPad application; a trial to turn Android smartphones into contactless payment devices; the introduction of an iPad app to replace printed board papers; a 1000 iPad pilot for bank executives; and a St George innovation that allows payments to be made from a smartphone using only the recipient’s mobile number."
Mobile devices change the face of banking
"How about taking a picture of a cheque with your smartphone to deposit it? What about getting online advice about your investments when you're on your tablet? And then there's paying for small purchases with smartphones. The use of smartphones and tablets in consumers' everyday lives is helping push changes in how they bank, pay for bills and even how they can get investment advice, say experts."
The rise of mobile money is driven by the poor
"As Google, Apple, Paypal, Mastercard and the entire banking community fights over mobile money, we decided to look to the power users to find out what the near future of monetary exchange might look like. The World Bank’s treasure trove of open data on mobile banking is a well stocked pantry for the data hungry. Welcome to our first data snack and enjoy the graph we created below."
Thursday, August 9, 2012
Mobile Banking Updates - Aug 9
Predictive Customer Service Tech Wins Award
"The ability to predict a customer's problem before he or she even reports that problem is a clever innovation, and for Personetics it was enough to be honored by a roomful of bankers at SourceMedia's Mobile Banking and Commerce Summit."
Mobility Matters: Tracking the Mobile Banking Revolution in Credit Unions
"Freedom of choice. Call that the theme of this week’s column which looks at how credit unions that want can tell their core providers to take their mobile apps and shove them. Even more startling: it is possible to home-brew mobile RDC, dodging hefty monthly licensing and maintenance fees. And, lastly, it may be time for a complete rethink of how to protect mobile banking users from crooks, starting with a shift of responsibility away from the member."
Mobile banking extends beyond normal services to include social media
"Americans bought 100 million smartphones in the fourth quarter of 2011 alone, according to International Data Corp. With sales figures like that, it’s no wonder that all businesses, and banks in particular, are stepping onto mobile platforms."
Bank of America Working for Apple
"For some pretty stodgy companies -- often seen as being out of step with younger Americans -- the big banks are laboring to show how cool they are when it comes to mobile services. The Wall Street financial war chests are stockpiling press releases about new mobile offerings in a race not unlike the way in which the White House and Kremlin once stockpiled nuclear warheads to prove supremacy."
More area banks to offer mobile deposits
"Jen Faber has grown accustomed to depositing checks into her bank account while sitting on her couch. It takes her 10 minutes to take photographs of 30 checks and submit them to her bank. Within hours, the deposits show up in her account. 'It’s super-fast,' said Faber, who uses MT Bank’s mobile banking program for small businesses. 'One of my biggest priorities is saving time.'"
Mobile banking, once a gee whiz feature, is becoming ubiquitous
"Just in the last few months, a number of financial institutions have enabled their smartphone-wielding customers to transfer funds, look up their balances, pay bills and handle other banking chores while on the go. -Raleigh-based Coastal Federal Credit Union launched its mobile banking service to its "social media followers" in late April and broadened the service to all of its 193,000 members at the end of May. About 8,900 members had signed up as of June 24."
"The ability to predict a customer's problem before he or she even reports that problem is a clever innovation, and for Personetics it was enough to be honored by a roomful of bankers at SourceMedia's Mobile Banking and Commerce Summit."
Mobility Matters: Tracking the Mobile Banking Revolution in Credit Unions
"Freedom of choice. Call that the theme of this week’s column which looks at how credit unions that want can tell their core providers to take their mobile apps and shove them. Even more startling: it is possible to home-brew mobile RDC, dodging hefty monthly licensing and maintenance fees. And, lastly, it may be time for a complete rethink of how to protect mobile banking users from crooks, starting with a shift of responsibility away from the member."
Mobile banking extends beyond normal services to include social media
"Americans bought 100 million smartphones in the fourth quarter of 2011 alone, according to International Data Corp. With sales figures like that, it’s no wonder that all businesses, and banks in particular, are stepping onto mobile platforms."
Bank of America Working for Apple
"For some pretty stodgy companies -- often seen as being out of step with younger Americans -- the big banks are laboring to show how cool they are when it comes to mobile services. The Wall Street financial war chests are stockpiling press releases about new mobile offerings in a race not unlike the way in which the White House and Kremlin once stockpiled nuclear warheads to prove supremacy."
More area banks to offer mobile deposits
"Jen Faber has grown accustomed to depositing checks into her bank account while sitting on her couch. It takes her 10 minutes to take photographs of 30 checks and submit them to her bank. Within hours, the deposits show up in her account. 'It’s super-fast,' said Faber, who uses MT Bank’s mobile banking program for small businesses. 'One of my biggest priorities is saving time.'"
Mobile banking, once a gee whiz feature, is becoming ubiquitous
"Just in the last few months, a number of financial institutions have enabled their smartphone-wielding customers to transfer funds, look up their balances, pay bills and handle other banking chores while on the go. -Raleigh-based Coastal Federal Credit Union launched its mobile banking service to its "social media followers" in late April and broadened the service to all of its 193,000 members at the end of May. About 8,900 members had signed up as of June 24."
Wednesday, June 6, 2012
Mobile Payments - Jun 6
BATTLE OF THE GIANTS Tech-industry power struggle could impact mobile pay development
"A little-publicized but highly intense battle among the top technology companies could affect the continuing development of mobile banking and mobile payments, according to Accenture research. Its recent report, Competing in a High-Tech Industry ‘Superstack,’ claims that mobility, cloud computing, and consumer electronics companies are being heavily impacted by a new business model it dubs 'superstacks.'”
Do mobile-based payment options really benefit you?
"You must have watched the mobile money commercials on TV channels. These advertisements tell you that you can transfer money to your loved ones, make bill payments and even shop using your mobile phone. The noise is going to get louder in the coming days as many banks and telecom companies are betting big on mobile-based payment options."
Guides on Contactless Cards And Mobile Banking
"With the growing use of contactless cards and mobile phones, the Banking Ombudsman is receiving enquiries about the security of these forms of banking. Banking Ombudsman Deborah Battell today issued new guides on using contactless cards and mobile banking to help customers avoid problems. 'Contactless cards will gradually become the norm and smartphone use is increasing rapidly,' Ms Battell says."
"A little-publicized but highly intense battle among the top technology companies could affect the continuing development of mobile banking and mobile payments, according to Accenture research. Its recent report, Competing in a High-Tech Industry ‘Superstack,’ claims that mobility, cloud computing, and consumer electronics companies are being heavily impacted by a new business model it dubs 'superstacks.'”
Do mobile-based payment options really benefit you?
"You must have watched the mobile money commercials on TV channels. These advertisements tell you that you can transfer money to your loved ones, make bill payments and even shop using your mobile phone. The noise is going to get louder in the coming days as many banks and telecom companies are betting big on mobile-based payment options."
Guides on Contactless Cards And Mobile Banking
"With the growing use of contactless cards and mobile phones, the Banking Ombudsman is receiving enquiries about the security of these forms of banking. Banking Ombudsman Deborah Battell today issued new guides on using contactless cards and mobile banking to help customers avoid problems. 'Contactless cards will gradually become the norm and smartphone use is increasing rapidly,' Ms Battell says."
Monday, March 26, 2012
Mobile Banking Wallet and Payments
Mobile Banking: Apple Customers Hungry For iBank
"Personal banking with Apple? It could happen. With the growing trend toward mobile banking, Apple is already serving as a digital "bank branch" for many iPhone and iPad users. All the Cupertino-based company needs to do now is provide their own virtual teller-like services. And it looks like they might be doing just that."
Blaze Mobile Awarded Another Patent for NFC Payments
"Blaze Mobile, a leader in mobile payment and NFC solutions, has been awarded a notice of allowance for a new patent for mobile banking and payment transactions. This new patent covers any mobile banking transactions that comprise bill payment, peer-to-peer (P2P) funds transfer, funds transfer between bank accounts, between credit cards, and between bank accounts and credit cards."
Security concerns and lack of compelling offer 'holding back mobile wallets'
"Digital banking provider Intelligent Environments polled companies within the mobile banking and payments sector, including O2, Microsoft and Lloyds. A quarter of the companies were confident mobile banking would become a mainstream offer by next year, with a third opting for 2015. The survey said this summer's Olympic Games in London would be a means for businesses to showcase their mobile banking products."
SIM Card Tricksters Target Mobile Payments
"The criminal activity that targets mobile banking has not yet reached the levels of web banking, mostly because the volume of mobile banking to this point hasn't made it as attractive a target. But as mobile banking grows, that's starting to change — particularly since mobile banking is vulnerable to a wide variety of criminal threats. A new strain of crime that tricks users out of their subscriber identity module (SIM) cards has quickly emerged to threaten banks and other enablers of mobile payments such as telecoms."
PayPal announce new mobile banking device
"PayPal introduced its new "PayPal Here" device in San Francisco today, enabling small firms to transfer funds via credit card reader direct from their phone. Powered by card.io, PayPal Here is directly competing with rivals Square and Google Wallet."
10% of mobile users to pay bills using mobile phones by 2016: Report
"Mobile life styles will see about 80% of total mobile banking customers paying their bills through a mobile device by 2016, says Juniper Research. With the growing user acceptance of 'push' mobile banking and an exponential increase in smartphone adoption will drive users of transactional mobile banking services up from 185 million in 2011 to over 550 million in 2016, according to Juniper Research's 'Mobile Banking for Developed & Developing Markets' report."
"Personal banking with Apple? It could happen. With the growing trend toward mobile banking, Apple is already serving as a digital "bank branch" for many iPhone and iPad users. All the Cupertino-based company needs to do now is provide their own virtual teller-like services. And it looks like they might be doing just that."
Blaze Mobile Awarded Another Patent for NFC Payments
"Blaze Mobile, a leader in mobile payment and NFC solutions, has been awarded a notice of allowance for a new patent for mobile banking and payment transactions. This new patent covers any mobile banking transactions that comprise bill payment, peer-to-peer (P2P) funds transfer, funds transfer between bank accounts, between credit cards, and between bank accounts and credit cards."
Security concerns and lack of compelling offer 'holding back mobile wallets'
"Digital banking provider Intelligent Environments polled companies within the mobile banking and payments sector, including O2, Microsoft and Lloyds. A quarter of the companies were confident mobile banking would become a mainstream offer by next year, with a third opting for 2015. The survey said this summer's Olympic Games in London would be a means for businesses to showcase their mobile banking products."
SIM Card Tricksters Target Mobile Payments
"The criminal activity that targets mobile banking has not yet reached the levels of web banking, mostly because the volume of mobile banking to this point hasn't made it as attractive a target. But as mobile banking grows, that's starting to change — particularly since mobile banking is vulnerable to a wide variety of criminal threats. A new strain of crime that tricks users out of their subscriber identity module (SIM) cards has quickly emerged to threaten banks and other enablers of mobile payments such as telecoms."
PayPal announce new mobile banking device
"PayPal introduced its new "PayPal Here" device in San Francisco today, enabling small firms to transfer funds via credit card reader direct from their phone. Powered by card.io, PayPal Here is directly competing with rivals Square and Google Wallet."
10% of mobile users to pay bills using mobile phones by 2016: Report
"Mobile life styles will see about 80% of total mobile banking customers paying their bills through a mobile device by 2016, says Juniper Research. With the growing user acceptance of 'push' mobile banking and an exponential increase in smartphone adoption will drive users of transactional mobile banking services up from 185 million in 2011 to over 550 million in 2016, according to Juniper Research's 'Mobile Banking for Developed & Developing Markets' report."
Sunday, March 11, 2012
Mobile Banking Updates - Mar 11
Mobile Banking: Is It Heating Up Or Mostly Hype?
"Banks have been rolling out mobile wallet apps at a furious pace in recent days. The big question is whether they'll ever convince skeptical consumers to begin to zapping money around."
Apple, Google, Facebook and Amazon to lead m-payments gold-rush?
"Apple, Amazon, Facebook and Google - the 'gang of four' - have been driving forces behind a new technology cycle, dominated by the mobile phone and social media, which is merging the online and physical worlds, says Javelin. These huge companies are now seeking to use their strengths to crack a payments market currently led by financial institutions, card schemes and, increasingly, wireless carriers. In a bid to predict the potential success of the competing factions, Javelin polled 5878 Americans to gauge public opinion on what it claims are three crucial ingredients for success: trust, innovation and privacy."
Mobility Matters – Tracking the Mobile Banking Revolution: Online Only
"Mobile Everywhere. Ask Mark Sievewright, a senior executive at Fiserv, to pinpoint three big trends changing the credit union landscape and here is what he said in late February at the New Jersey Credit Union League’s “Reality Check” conference: “mobile, mobile, mobile.” Mobile is not just about a new channel – although it is that – it fundamentally is about changed relationships. And it is growing incredible fast. Another “Reality Check” speaker, CUNA Mutual’s John Lass, flashed a slide that showed mobile users eclipsing the number of online banking users within a few years."
Should Mitek Systems Acquire Top Image Systems?
"One of the discussion topics on Micro Cap Club, has been about the possibility of Mitek Systems (MITK) acquiring Top Image Systems (TISA). Both Mitek Systems and Top Image Systems have similar stories via a history of working with large banks and leveraging those relationships to market and launch mobile banking applications. Mitek Systems was incorporated in 1986 and went public in the early 1990's. The company historically provided financial institutions with advanced imaging and analytics software to authenticate and extract data from checks and other documents."
"Banks have been rolling out mobile wallet apps at a furious pace in recent days. The big question is whether they'll ever convince skeptical consumers to begin to zapping money around."
Apple, Google, Facebook and Amazon to lead m-payments gold-rush?
"Apple, Amazon, Facebook and Google - the 'gang of four' - have been driving forces behind a new technology cycle, dominated by the mobile phone and social media, which is merging the online and physical worlds, says Javelin. These huge companies are now seeking to use their strengths to crack a payments market currently led by financial institutions, card schemes and, increasingly, wireless carriers. In a bid to predict the potential success of the competing factions, Javelin polled 5878 Americans to gauge public opinion on what it claims are three crucial ingredients for success: trust, innovation and privacy."
Mobility Matters – Tracking the Mobile Banking Revolution: Online Only
"Mobile Everywhere. Ask Mark Sievewright, a senior executive at Fiserv, to pinpoint three big trends changing the credit union landscape and here is what he said in late February at the New Jersey Credit Union League’s “Reality Check” conference: “mobile, mobile, mobile.” Mobile is not just about a new channel – although it is that – it fundamentally is about changed relationships. And it is growing incredible fast. Another “Reality Check” speaker, CUNA Mutual’s John Lass, flashed a slide that showed mobile users eclipsing the number of online banking users within a few years."
Should Mitek Systems Acquire Top Image Systems?
"One of the discussion topics on Micro Cap Club, has been about the possibility of Mitek Systems (MITK) acquiring Top Image Systems (TISA). Both Mitek Systems and Top Image Systems have similar stories via a history of working with large banks and leveraging those relationships to market and launch mobile banking applications. Mitek Systems was incorporated in 1986 and went public in the early 1990's. The company historically provided financial institutions with advanced imaging and analytics software to authenticate and extract data from checks and other documents."
Tuesday, November 16, 2010
Mobile Wallet - Nov 16
Next Android Version Includes E-Wallet for Real World Purchases
"Android 2.3, codenamed Gingerbread, will be released in a “few weeks,” Schmidt said on stage at the Web 2.0 Summit conference in San Francisco. Schmidt showed off how so-called Near Field Communication would work using an unnamed smartphone he called an unannounced product. Using the software from Android and a NFC chip in the phone, Schmidt was able to “check in” to the conference, launching Google Maps, by touching the phone to a conference sign that had a built-in antenna."
U.S. Carriers Create Pay-By-Phone System, for Real This Time
"You know that thing where you just tap your credit card to pay for stuff at the store? That functionality will be coming to smartphones in the U.S., this time apparently for real, via a national phone payment network called Isis, spearheaded by AT&T, T-Mobile, and Verizon.
Besides negating the need to pull out your credit card, the "mobile wallet" in your phone is planned to incorporate reward cards, coupons, tickets, and transit passes. Isis will use near-field communication (NFC) technology to make payments. NFC encrypts data for very short-range transmission – a matter of inches. When you need to pay, just launch the Isis app, wave your phone over the machine and you've paid up."
Does iWallet iPhone mean Apple versus PayPal?
"We've talked before about Apple's plans for the iPhone as an iWallet, now it looks like former ally turned foe, Google's preparing to take Apple on in the same space, with big boss Eric Schmidt telling a panel at the Web 2.0 conference his company feels its got to get NFC (Near Field Communication) into Android's life. Will PayPal endure the new war?"
"Android 2.3, codenamed Gingerbread, will be released in a “few weeks,” Schmidt said on stage at the Web 2.0 Summit conference in San Francisco. Schmidt showed off how so-called Near Field Communication would work using an unnamed smartphone he called an unannounced product. Using the software from Android and a NFC chip in the phone, Schmidt was able to “check in” to the conference, launching Google Maps, by touching the phone to a conference sign that had a built-in antenna."
U.S. Carriers Create Pay-By-Phone System, for Real This Time
"You know that thing where you just tap your credit card to pay for stuff at the store? That functionality will be coming to smartphones in the U.S., this time apparently for real, via a national phone payment network called Isis, spearheaded by AT&T, T-Mobile, and Verizon.
Besides negating the need to pull out your credit card, the "mobile wallet" in your phone is planned to incorporate reward cards, coupons, tickets, and transit passes. Isis will use near-field communication (NFC) technology to make payments. NFC encrypts data for very short-range transmission – a matter of inches. When you need to pay, just launch the Isis app, wave your phone over the machine and you've paid up."
Does iWallet iPhone mean Apple versus PayPal?
"We've talked before about Apple's plans for the iPhone as an iWallet, now it looks like former ally turned foe, Google's preparing to take Apple on in the same space, with big boss Eric Schmidt telling a panel at the Web 2.0 conference his company feels its got to get NFC (Near Field Communication) into Android's life. Will PayPal endure the new war?"
Sunday, April 25, 2010
Mobile Banking Updates - Apr 25
Apple's Mobile-Pay Vision Cuts Banks Out of the Picture
"Apple Inc. has the power to make mobile payments huge, but not quite in the way bankers hope.
Several recently unveiled patent applications indicate that the Cupertino, Calif., company has a comprehensive vision for incorporating near-field communication chips — widely considered a crucial element for mobile payments — into its iPhone.
Numerous payments companies have developed NFC systems that can turn phones into versatile financial tools, but few have gone beyond the pilot phase because phone makers and wireless carriers have been reluctant to incorporate the chips into their hardware."
6 Tips for Safer Mobile Banking
"It’s a question that’s often raised when a bank adopts a new technology. Is a new convenience worth a potential compromise in security? Many consumers struggle with it when they use text messaging to conduct business; log in to their bank account on a public computer; or even weigh using an automatic teller machine outside their bank branch.
Now, a new mobile phone application has some asking the question again. EBay’s (EBAY: 24.55, -0.23, -0.92%) PayPal Mobile app allows PayPal account holders to transfer money by bumping two smartphones together, or entering the email address of their friend’s account. The free app allows iPhone and iPod Touch users to send money to other users around the world at no cost using their PayPal balance or bank account."
New Paper: Mobile Payments Go Viral - M-PESA in Kenya
"M-PESA’s market success can be interpreted as the interplay of three sets of factors:
* Pre-existing country conditions that made Kenya a conducive environment for a successful mobile money deployment;
* A clever service design that facilitated rapid adoption and early capturing of network effects;
* A business execution strategy that helped M-PESA rapidly reach a critical mass of customers, thereby avoiding the adverse chicken-and-egg (two-sided market) problems that afflict new payment systems."
Dutch banks are becoming more mobile
"Mobile banking has seen a slow take up in the Netherlands in comparison to other countries. At the moment Rabobank is ahead with offering a mobile banking application for smart phones, SMS payments service and an iPhone application. However from this month onwards more developments can be expected as ABN AMRO and ING have introduced an iPhone application. "
ClairMail Announces Record Quarter-End Numbers, Continuing Growth and Leadership in Mobile Financial Services
"ClairMail, Inc., the leader in mobile banking and payment solutions, today announced that it has posted a 270 percent year-over-year increase in bookings for the first quarter ending March 2010, demonstrating a year of customer wins, new technology releases, and strong industry presence.
The mobile banking space has seen skyrocketing adoption, growth and opportunity in the past year, and according to ClairMail research, a projected 46 percent of the top 600 banks are planning to purchase or implement mobile banking strategies in 2010."
"Apple Inc. has the power to make mobile payments huge, but not quite in the way bankers hope.
Several recently unveiled patent applications indicate that the Cupertino, Calif., company has a comprehensive vision for incorporating near-field communication chips — widely considered a crucial element for mobile payments — into its iPhone.
Numerous payments companies have developed NFC systems that can turn phones into versatile financial tools, but few have gone beyond the pilot phase because phone makers and wireless carriers have been reluctant to incorporate the chips into their hardware."
6 Tips for Safer Mobile Banking
"It’s a question that’s often raised when a bank adopts a new technology. Is a new convenience worth a potential compromise in security? Many consumers struggle with it when they use text messaging to conduct business; log in to their bank account on a public computer; or even weigh using an automatic teller machine outside their bank branch.
Now, a new mobile phone application has some asking the question again. EBay’s (EBAY: 24.55, -0.23, -0.92%) PayPal Mobile app allows PayPal account holders to transfer money by bumping two smartphones together, or entering the email address of their friend’s account. The free app allows iPhone and iPod Touch users to send money to other users around the world at no cost using their PayPal balance or bank account."
New Paper: Mobile Payments Go Viral - M-PESA in Kenya
"M-PESA’s market success can be interpreted as the interplay of three sets of factors:
* Pre-existing country conditions that made Kenya a conducive environment for a successful mobile money deployment;
* A clever service design that facilitated rapid adoption and early capturing of network effects;
* A business execution strategy that helped M-PESA rapidly reach a critical mass of customers, thereby avoiding the adverse chicken-and-egg (two-sided market) problems that afflict new payment systems."
Dutch banks are becoming more mobile
"Mobile banking has seen a slow take up in the Netherlands in comparison to other countries. At the moment Rabobank is ahead with offering a mobile banking application for smart phones, SMS payments service and an iPhone application. However from this month onwards more developments can be expected as ABN AMRO and ING have introduced an iPhone application. "
ClairMail Announces Record Quarter-End Numbers, Continuing Growth and Leadership in Mobile Financial Services
"ClairMail, Inc., the leader in mobile banking and payment solutions, today announced that it has posted a 270 percent year-over-year increase in bookings for the first quarter ending March 2010, demonstrating a year of customer wins, new technology releases, and strong industry presence.
The mobile banking space has seen skyrocketing adoption, growth and opportunity in the past year, and according to ClairMail research, a projected 46 percent of the top 600 banks are planning to purchase or implement mobile banking strategies in 2010."
Monday, February 8, 2010
Mobile Banking Updates - Feb 8
Are You Ready for the Risk of Mobile Malware?
"The recent news that Nexus One smartphone owners were unable to send or receive data is just a precursor to what security experts say is the next big threat to mobile phones and services - mobile malware.
According to Dr. Markus Jakobsson, a noted security expert in the field of phishing and crimeware, mobile phones -- especially smart phones -- pose the next big headache for security professionals. And financial institutions should be particularly concerned about risks to mobile banking."
U.S. makes small strides in getting Afghan army fighting fit, but hurdles remain
"The U.S. military is also experimenting with electronic payment and mobile banking -- allowing Afghan forces to be paid and to transfer funds through their mobile phones -- to avoid the problem of soldiers leaving their posts on payday to take cash back to their families."
Apple Slowly Integrating Quattro? Bans In-App Location-Based Ads For Developers
"Being the secretive enterprise they are, Apple has never been one to tell the world what their plans are. Tradition rings true with their purposed intentions with Quattro Wireless and their inevitable entry into the mobile advertising space.
A subtle message graced a page on Apple’s iPhone developer website as an 'App Store Tip,' saying 'If you build your application with features based on a user’s location, make sure these features provide beneficial information,' begins the so-called tip. 'If your app uses location-based information primarily to enable mobile advertisers to deliver targeted ads based on a user’s location, your app will be returned to you by the App Store Review Team for modification before it can be posted to the App Store.'”
SpeechStorm Showcases IVVO at Mobile World Congress
"SpeechStorm, the Irish company behind some of Europe's largest Video-driven mobile banking services for mobile phones, will be showcasing its latest Video IVR service, dubbed IVVO, at Mobile World Congress in Barcelona next week.
SpeechStorm's award-nominated Interactive Voice and Video Response (IVVR),or Video IVR system, IVVO, combines familiar voice-based IVR self-service features with video to create a compelling visual experience."
Apple's iTunes Preview now offers browser-based App Store access
"Apple this week expanded its browser-based iTunes Preview, now allowing users to view information on software within the App Store without ever launching iTunes.
Web site links to the iTunes Preview page can be obtained by choosing the "Copy Link" option within the iTunes application. The URL then takes users to an Apple-hosted site that provides a description, price and screenshots of any application on the App Store for the iPhone and iPod touch."
Ready to bank on your smart phone?
"Less than 10 per cent of Canadians are using mobile banking, but experts say it won't be long before the service is more popular than online banking.
Research suggests that consumers in this country would prefer to check their bank balances, transfer money, or pay their bills while sitting on their morning train commute or standing in line at the coffee shop rather than at their office or home computer."
Trial of true mobile payment begins in Shanghai
"'Mobile payment' is a large category. It covers everything from using SMS to confirm your credit card in a retailer, to simply ordering an item over the mobile internet. But for me, the true meaning of 'mobile payments' has always been to actually use your device as a payment method. Combining NFC with mobile devices, you could just wave your mobile over a reader at check-out to pay for your goods. This already works well with cards (like the Oyster card for the London Underground), and the same technology can simply be placed in your phone. Today, China Mobile and a Shanghai-based tech firm, SEIMMA Tech Co., have launched a mobile device payment trial in Shanghai."
"The recent news that Nexus One smartphone owners were unable to send or receive data is just a precursor to what security experts say is the next big threat to mobile phones and services - mobile malware.
According to Dr. Markus Jakobsson, a noted security expert in the field of phishing and crimeware, mobile phones -- especially smart phones -- pose the next big headache for security professionals. And financial institutions should be particularly concerned about risks to mobile banking."
U.S. makes small strides in getting Afghan army fighting fit, but hurdles remain
"The U.S. military is also experimenting with electronic payment and mobile banking -- allowing Afghan forces to be paid and to transfer funds through their mobile phones -- to avoid the problem of soldiers leaving their posts on payday to take cash back to their families."
Apple Slowly Integrating Quattro? Bans In-App Location-Based Ads For Developers
"Being the secretive enterprise they are, Apple has never been one to tell the world what their plans are. Tradition rings true with their purposed intentions with Quattro Wireless and their inevitable entry into the mobile advertising space.
A subtle message graced a page on Apple’s iPhone developer website as an 'App Store Tip,' saying 'If you build your application with features based on a user’s location, make sure these features provide beneficial information,' begins the so-called tip. 'If your app uses location-based information primarily to enable mobile advertisers to deliver targeted ads based on a user’s location, your app will be returned to you by the App Store Review Team for modification before it can be posted to the App Store.'”
SpeechStorm Showcases IVVO at Mobile World Congress
"SpeechStorm, the Irish company behind some of Europe's largest Video-driven mobile banking services for mobile phones, will be showcasing its latest Video IVR service, dubbed IVVO, at Mobile World Congress in Barcelona next week.
SpeechStorm's award-nominated Interactive Voice and Video Response (IVVR),or Video IVR system, IVVO, combines familiar voice-based IVR self-service features with video to create a compelling visual experience."
Apple's iTunes Preview now offers browser-based App Store access
"Apple this week expanded its browser-based iTunes Preview, now allowing users to view information on software within the App Store without ever launching iTunes.
Web site links to the iTunes Preview page can be obtained by choosing the "Copy Link" option within the iTunes application. The URL then takes users to an Apple-hosted site that provides a description, price and screenshots of any application on the App Store for the iPhone and iPod touch."
Ready to bank on your smart phone?
"Less than 10 per cent of Canadians are using mobile banking, but experts say it won't be long before the service is more popular than online banking.
Research suggests that consumers in this country would prefer to check their bank balances, transfer money, or pay their bills while sitting on their morning train commute or standing in line at the coffee shop rather than at their office or home computer."
Trial of true mobile payment begins in Shanghai
"'Mobile payment' is a large category. It covers everything from using SMS to confirm your credit card in a retailer, to simply ordering an item over the mobile internet. But for me, the true meaning of 'mobile payments' has always been to actually use your device as a payment method. Combining NFC with mobile devices, you could just wave your mobile over a reader at check-out to pay for your goods. This already works well with cards (like the Oyster card for the London Underground), and the same technology can simply be placed in your phone. Today, China Mobile and a Shanghai-based tech firm, SEIMMA Tech Co., have launched a mobile device payment trial in Shanghai."
Thursday, December 31, 2009
New Mobile Devices
Rumors about Apple tablet computer ramp up
"A new tablet-style computer from Apple Inc. might be the first major launch in a new class of slate-like multimedia devices that could leapfrog the laptop. With a gleaming touch screen, it might be perfect for watching movies, reading books, listening to music or surfing the Web. It might come out next summer and it might cost $800. Or it might not. Despite a growing chorus of online tablet rumors, Apple has resolutely declined to acknowledge that any such device exists."
Google's Nexus One Pricing Details and Terms of Sale Leaked
"A day after Google confirmed its Android media event next week pricing details and the terms of sale were leaked for its highly anticipated Nexus One smartphone. izmodo broke the story with Nexus One site screenshots (Click on Gizmodo image to the left to enlarge) that show the phone on sale for two prices: a subsidized T-Mobile edition for $180 or an unsubsidized version for $530."
"A new tablet-style computer from Apple Inc. might be the first major launch in a new class of slate-like multimedia devices that could leapfrog the laptop. With a gleaming touch screen, it might be perfect for watching movies, reading books, listening to music or surfing the Web. It might come out next summer and it might cost $800. Or it might not. Despite a growing chorus of online tablet rumors, Apple has resolutely declined to acknowledge that any such device exists."
Google's Nexus One Pricing Details and Terms of Sale Leaked
"A day after Google confirmed its Android media event next week pricing details and the terms of sale were leaked for its highly anticipated Nexus One smartphone. izmodo broke the story with Nexus One site screenshots (Click on Gizmodo image to the left to enlarge) that show the phone on sale for two prices: a subsidized T-Mobile edition for $180 or an unsubsidized version for $530."
Sunday, September 13, 2009
Mobile Banking Updates - Sept 13
New Hurdle For Mobile Commerce: Success?
"With all of the various reasons to explain why mobile commerce has gone almost nowhere with major American retailers thus far, AT&T and Apple-especially AT&T-are illustrating yet another. The M-Commerce movement may prove to be the latest corporate example of "Be Careful What You Wish For."
Consumer media have been filled with reports this month of major problems with iPhone 3G performance, illustrated by dropped calls, extremely slow connections and a generally unpleasant experience, especially in places where-ironically-the iPhone is most popular, such as New York City."
The ROI of Small-Business Mobile
"A new report from Aite Group, LLC analyzes the types of mobile banking transactions small businesses are most willing to adopt, and how that willingness varies by business size. Based primarily on the results of a July 2009 survey of 283 U.S. small businesses (defined as any business generating less than US$10 million in annual revenues), the report also points out challenges, such as misperceptions about mobile security, that banks will have to overcome to ensure a successful deployment. Finally, the report examines small-business willingness to pay for mobile banking/transaction service, expected adoption rates and estimated deployment costs and potential revenues for banks seeking to calculate return on investment (ROI)."
Mobile Receipt from Mitek Systems Climbs to #1 in the App Store
"Mitek Systems, Inc. today announced its Mobile Receipt (TM) application climbed all the way to the number one paid finance application in the App Store (SM) on September 8, 2009 and is consistently in the top five application in its category. Mobile Receipt converts the photo of a receipt taken with the iPhone camera into a high quality image and, with a single tap, converts the data into a professional looking expense report. Mobile Receipt saves time, enhances productivity and can help speed reimbursements."
Barclays revamps mobile banking site
"The first area of improvement is to the online banking log-in pages which have been optimised for access and viewing on mobile devices. In addition, a new 'quick access' log-in has been added for customers who purely want to view their balance, statement or to make a transfer. Research undertaken by Barclays has shown that complex logging in processes put many customers off using a mobile phone for online banking."
Creating New Revenue Streams With the Mobile Channel
"Since the late 1990’s analysts have asked how and when mobility will impact the established financial landscape. The Silicon Valley boom at the end of the 20th century boosted online commerce, while making household names out of organizations that still thrive today. People are less likely to know, however, that one of these brands, PayPal, started out as a Palm-based mobile payment solution. PayPal quickly moved beyond mobile and ultimately found its niche to help change the way consumers purchase goods online. More importantly, they spurred a stream of consciousness from Denmark to Israel and back to Silicon Valley where the dream originally hatched. Today, eBay-owned PayPal is the No. 1 online “alternative” payment method and enjoys hundreds of millions of customers worldwide. "
For m-Commerce to Work, We Need to Embrace Mobile Payments (Part 2)
"Interestingly enough, the "comfort factor" in using a mobile to make a purchase is more of a problem here in the developed world. In developing markets, however, where critical infrastructure like bank branches and high-speed internet is often lacking, people use mobile phones for all sorts of things including mobile banking, mobile money transfer, mobile education, and mobile medicine."
"With all of the various reasons to explain why mobile commerce has gone almost nowhere with major American retailers thus far, AT&T and Apple-especially AT&T-are illustrating yet another. The M-Commerce movement may prove to be the latest corporate example of "Be Careful What You Wish For."
Consumer media have been filled with reports this month of major problems with iPhone 3G performance, illustrated by dropped calls, extremely slow connections and a generally unpleasant experience, especially in places where-ironically-the iPhone is most popular, such as New York City."
The ROI of Small-Business Mobile
"A new report from Aite Group, LLC analyzes the types of mobile banking transactions small businesses are most willing to adopt, and how that willingness varies by business size. Based primarily on the results of a July 2009 survey of 283 U.S. small businesses (defined as any business generating less than US$10 million in annual revenues), the report also points out challenges, such as misperceptions about mobile security, that banks will have to overcome to ensure a successful deployment. Finally, the report examines small-business willingness to pay for mobile banking/transaction service, expected adoption rates and estimated deployment costs and potential revenues for banks seeking to calculate return on investment (ROI)."
Mobile Receipt from Mitek Systems Climbs to #1 in the App Store
"Mitek Systems, Inc. today announced its Mobile Receipt (TM) application climbed all the way to the number one paid finance application in the App Store (SM) on September 8, 2009 and is consistently in the top five application in its category. Mobile Receipt converts the photo of a receipt taken with the iPhone camera into a high quality image and, with a single tap, converts the data into a professional looking expense report. Mobile Receipt saves time, enhances productivity and can help speed reimbursements."
Barclays revamps mobile banking site
"The first area of improvement is to the online banking log-in pages which have been optimised for access and viewing on mobile devices. In addition, a new 'quick access' log-in has been added for customers who purely want to view their balance, statement or to make a transfer. Research undertaken by Barclays has shown that complex logging in processes put many customers off using a mobile phone for online banking."
Creating New Revenue Streams With the Mobile Channel
"Since the late 1990’s analysts have asked how and when mobility will impact the established financial landscape. The Silicon Valley boom at the end of the 20th century boosted online commerce, while making household names out of organizations that still thrive today. People are less likely to know, however, that one of these brands, PayPal, started out as a Palm-based mobile payment solution. PayPal quickly moved beyond mobile and ultimately found its niche to help change the way consumers purchase goods online. More importantly, they spurred a stream of consciousness from Denmark to Israel and back to Silicon Valley where the dream originally hatched. Today, eBay-owned PayPal is the No. 1 online “alternative” payment method and enjoys hundreds of millions of customers worldwide. "
For m-Commerce to Work, We Need to Embrace Mobile Payments (Part 2)
"Interestingly enough, the "comfort factor" in using a mobile to make a purchase is more of a problem here in the developed world. In developing markets, however, where critical infrastructure like bank branches and high-speed internet is often lacking, people use mobile phones for all sorts of things including mobile banking, mobile money transfer, mobile education, and mobile medicine."
Sunday, August 2, 2009
Mobile Banking Updates - Aug 2
Will the Apple Tablet be the ultimate portable netbook ever?
"Rumors about Apple Tablet device are everywhere last few days. Some say it will be released late this year, some say early 2010. But no one really knows other than few people at Apple.
But all in all Apple Tablet promises to be the ultimate device to consume the digital content on the go through a web-centric operating system. It is set to feature a 9.7-inch touchscreen, will include a camera and a microphone like the iSight on MacBook and MacBook Pro, and will have the anytime and anywhere Internet connection."
Javelin: U.S. Consumers’ Interest in Using Mobile Person-to-Person Payments Grows Rapidly, Threatening Slow-Moving Banks
"Javelin Strategy & Research today released a report that indicates financial institutions must act now to implement person-to-person mobile solutions before carriers capture the market. The report, Mobile Person-to-Person Payments: Mounting Telco Activity in a Mobile Channel Segment That Financial Institutions Can’t Afford to Lose, also reveals that conditions are growing ripe for potential widespread consumer use of mobile devices to send payments between one another: smartphones are now used by 17 percent of consumers, mobile banking is used by many, and use of the internet for banking and shopping has been common for years. These are just some of the conditions that have created an increased likelihood that consumers will soon begin to use mobile person-to-person (P2P) transfers."
Chinese Firm Writes First SMS Worm
"It’s a pretty cool concept, abusing the Symbian Express Signing procedure. It reminds me of the heydays of self-propagating e-mail worms when corporate e-mail servers were getting flooded because everyone in the company was sending the same attachment to everyone else in their address book."
Islamic Finance and Mobile Banking: Could, Would, Should
"Islamic Banking has developed rapidly over the last 30 years. Islamic Banks have proliferated in number and in geographic reach, with services now offered regularly on four continents. A number of innovative, successful financial products have also been developed, enabling Shariah compliant bonds, mortgages and savings accounts."
Traditional Texts Hang Tough in a Sea of Innovation
"Even in mobile banking, traditions die hard. While smart phones get exponentially smarter and app stores burst at the seams like FAO Schwartz in December, banks and consumers are not only still using basic text messaging-the mode is maturing to mainstream status."
ClairMail Sees Record 700% Year-Year Increase
"ClairMail, Inc., the leader in proactive mobile banking and payment solutions, today announced that its core product, the ClairMail Solution, has experienced over a 700 percent year-over-year increase in monthly mobile banking transactions. ClairMail's success continues to outpace the mobile banking industry, which experienced a six-fold usage increase in 2008, according to recent published reports."
Wells Fargo Introduces Online Same Day Payments
"Wells Fargo & Company (NYSE:WFC - News) today announced the nationwide availability of its newest online bill pay feature, which allows customers to make “just in time” online bill payments to merchants, such as utility, auto finance and mortgage companies. The service helps customers avoid missing payments or making late payments. According to Javelin Strategy & Research, nearly three out of four consumers initiated expedited payments last year and use is expected to continue to rise in the next five years."
One in 63 Smartphones Infected by Mobile Spyware and Malware
"The study of 1,958 smartphones revealed infections by Spyware, Viruses Worms and Trojans, as well as hundreds of unlicensed software programs installed on the handsets reviewed. A comparison of these statistics to the worldwide smartphone population places the number of infected devices globally into the millions. Because the vast majority of these infections are designed to be stealthy and the fact that few smartphones posses Anti-Malware applications, most infected users are completely unaware their devices have been compromised."
Citibank Launches Citi Mobile(R) For Smartphones
"Checking your account balance or paying a bill used to involve a trip to the bank, and in recent years, logging on to your home PC. Today, Citibank is making banking easier than ever for its U.S. customers by expanding its mobile offering to smartphones, including most BlackBerry(R) smartphones, Palm(R) devices and iPhone(TM)( )mobile devices. Now, more Citibank customers can access and manage their bank accounts -- anytime and anywhere -- via their smartphone's mobile browser."
"Rumors about Apple Tablet device are everywhere last few days. Some say it will be released late this year, some say early 2010. But no one really knows other than few people at Apple.
But all in all Apple Tablet promises to be the ultimate device to consume the digital content on the go through a web-centric operating system. It is set to feature a 9.7-inch touchscreen, will include a camera and a microphone like the iSight on MacBook and MacBook Pro, and will have the anytime and anywhere Internet connection."
Javelin: U.S. Consumers’ Interest in Using Mobile Person-to-Person Payments Grows Rapidly, Threatening Slow-Moving Banks
"Javelin Strategy & Research today released a report that indicates financial institutions must act now to implement person-to-person mobile solutions before carriers capture the market. The report, Mobile Person-to-Person Payments: Mounting Telco Activity in a Mobile Channel Segment That Financial Institutions Can’t Afford to Lose, also reveals that conditions are growing ripe for potential widespread consumer use of mobile devices to send payments between one another: smartphones are now used by 17 percent of consumers, mobile banking is used by many, and use of the internet for banking and shopping has been common for years. These are just some of the conditions that have created an increased likelihood that consumers will soon begin to use mobile person-to-person (P2P) transfers."
Chinese Firm Writes First SMS Worm
"It’s a pretty cool concept, abusing the Symbian Express Signing procedure. It reminds me of the heydays of self-propagating e-mail worms when corporate e-mail servers were getting flooded because everyone in the company was sending the same attachment to everyone else in their address book."
Islamic Finance and Mobile Banking: Could, Would, Should
"Islamic Banking has developed rapidly over the last 30 years. Islamic Banks have proliferated in number and in geographic reach, with services now offered regularly on four continents. A number of innovative, successful financial products have also been developed, enabling Shariah compliant bonds, mortgages and savings accounts."
Traditional Texts Hang Tough in a Sea of Innovation
"Even in mobile banking, traditions die hard. While smart phones get exponentially smarter and app stores burst at the seams like FAO Schwartz in December, banks and consumers are not only still using basic text messaging-the mode is maturing to mainstream status."
ClairMail Sees Record 700% Year-Year Increase
"ClairMail, Inc., the leader in proactive mobile banking and payment solutions, today announced that its core product, the ClairMail Solution, has experienced over a 700 percent year-over-year increase in monthly mobile banking transactions. ClairMail's success continues to outpace the mobile banking industry, which experienced a six-fold usage increase in 2008, according to recent published reports."
Wells Fargo Introduces Online Same Day Payments
"Wells Fargo & Company (NYSE:WFC - News) today announced the nationwide availability of its newest online bill pay feature, which allows customers to make “just in time” online bill payments to merchants, such as utility, auto finance and mortgage companies. The service helps customers avoid missing payments or making late payments. According to Javelin Strategy & Research, nearly three out of four consumers initiated expedited payments last year and use is expected to continue to rise in the next five years."
One in 63 Smartphones Infected by Mobile Spyware and Malware
"The study of 1,958 smartphones revealed infections by Spyware, Viruses Worms and Trojans, as well as hundreds of unlicensed software programs installed on the handsets reviewed. A comparison of these statistics to the worldwide smartphone population places the number of infected devices globally into the millions. Because the vast majority of these infections are designed to be stealthy and the fact that few smartphones posses Anti-Malware applications, most infected users are completely unaware their devices have been compromised."
Citibank Launches Citi Mobile(R) For Smartphones
"Checking your account balance or paying a bill used to involve a trip to the bank, and in recent years, logging on to your home PC. Today, Citibank is making banking easier than ever for its U.S. customers by expanding its mobile offering to smartphones, including most BlackBerry(R) smartphones, Palm(R) devices and iPhone(TM)( )mobile devices. Now, more Citibank customers can access and manage their bank accounts -- anytime and anywhere -- via their smartphone's mobile browser."
Monday, April 27, 2009
Mobile Banking Updates - Apr 27
Wesabe to Offer iPhone Financial Tool to Banks
"Wesabe Inc. has developed an iPhone version of its software that lets banks offer financial management tools under their own brands. The San Francisco company is expecting to receive approval today to market the personal financial management application through Apple Inc.'s App Store directly to iPhone users. Wesabe also plans to offer a white-label version that banks can offer under their own brand to their customers to keep track of accounts."
One billionth application was downloaded from Apple’s revolutionary App Store
"Apple announced today that the downloads from its revolutionary App Store, the largest applications store in the world, topped one billion."
Point, Click, Truncate: Eyeing Mobile Capture
"Last year, check-imaging analytics firm Mitek Systems turned heads when it announced plans to market mobile-based remote deposit capture (RDC) software. But when no rollouts materialized, doubts crept in about whether consumer RDC through a cell-phone camera would ever gain traction. In the last few months, however, Mitek has announced that it has signed on two key partners to distribute its mobile capture system alongside mobile banking and standard office-based remote deposit capture infrastructure."
Mobile Commerce First from Dashen
"Dashen Bank signed an agreement with iVery, a South African electronic payment technology company, for the introduction of mobile commerce to Ethiopia last week on Tuesday, April 21, 2009. According to the agreement, iVeri Payment Technologies has licensed its Gateway and MiCard e-payment processing solution to Dashen Bank."
Apple discusses iPhone with Verizon
"Apple is discussing the option of developing a customized iPhone for Verizon, sources close to the negotiations said. The device would be the first iPhone developed for a code division multiple access wireless network, which allows phones to maintain their independence while operating on the same bandwidth. The AT&T system uses a GSM (global system for mobile) system, USA Today reported Monday."
"Wesabe Inc. has developed an iPhone version of its software that lets banks offer financial management tools under their own brands. The San Francisco company is expecting to receive approval today to market the personal financial management application through Apple Inc.'s App Store directly to iPhone users. Wesabe also plans to offer a white-label version that banks can offer under their own brand to their customers to keep track of accounts."
One billionth application was downloaded from Apple’s revolutionary App Store
"Apple announced today that the downloads from its revolutionary App Store, the largest applications store in the world, topped one billion."
Point, Click, Truncate: Eyeing Mobile Capture
"Last year, check-imaging analytics firm Mitek Systems turned heads when it announced plans to market mobile-based remote deposit capture (RDC) software. But when no rollouts materialized, doubts crept in about whether consumer RDC through a cell-phone camera would ever gain traction. In the last few months, however, Mitek has announced that it has signed on two key partners to distribute its mobile capture system alongside mobile banking and standard office-based remote deposit capture infrastructure."
Mobile Commerce First from Dashen
"Dashen Bank signed an agreement with iVery, a South African electronic payment technology company, for the introduction of mobile commerce to Ethiopia last week on Tuesday, April 21, 2009. According to the agreement, iVeri Payment Technologies has licensed its Gateway and MiCard e-payment processing solution to Dashen Bank."
Apple discusses iPhone with Verizon
"Apple is discussing the option of developing a customized iPhone for Verizon, sources close to the negotiations said. The device would be the first iPhone developed for a code division multiple access wireless network, which allows phones to maintain their independence while operating on the same bandwidth. The AT&T system uses a GSM (global system for mobile) system, USA Today reported Monday."
Thursday, October 2, 2008
Mobile Banking Updates - Oct 2
iPhone heading to EVDO/Verizon for 2009?
"According to him, Apple will be announcing iPhones for Verizon Wireless in 2009, perhaps as early Macworld 2009. Negotiations between Apple and Verizon are ongoing but they expect to hammer out agreements by the end of the year."
FSTC completes first phase of m-payments project
"The group is examining various technology models supporting mobile payments today and expects to make recommendations that will facilitate an interoperable mobile payments infrastructure in the near future."
Security, Compliance Top Concerns in Bank Survey
"Community bankers are spending more than ever on technology, according to survey published Wednesday, and their biggest concerns are data security and compliance."
Mitek intros Mobile Deposit Application for Apple iPhone
"The Mobile Deposit iPhone application is available to financial
institutions or mobile banking software vendors looking to add Remote
Deposit Capture (RDC) to their mobile banking platform."
ATMIA publishes mobile banking best practices
"The ATM Industry Association has launched Best Practices for Mobile Device Banking Security."
"According to him, Apple will be announcing iPhones for Verizon Wireless in 2009, perhaps as early Macworld 2009. Negotiations between Apple and Verizon are ongoing but they expect to hammer out agreements by the end of the year."
FSTC completes first phase of m-payments project
"The group is examining various technology models supporting mobile payments today and expects to make recommendations that will facilitate an interoperable mobile payments infrastructure in the near future."
Security, Compliance Top Concerns in Bank Survey
"Community bankers are spending more than ever on technology, according to survey published Wednesday, and their biggest concerns are data security and compliance."
Mitek intros Mobile Deposit Application for Apple iPhone
"The Mobile Deposit iPhone application is available to financial
institutions or mobile banking software vendors looking to add Remote
Deposit Capture (RDC) to their mobile banking platform."
ATMIA publishes mobile banking best practices
"The ATM Industry Association has launched Best Practices for Mobile Device Banking Security."
Subscribe to:
Posts (Atom)
