Visa Debit Card – Convenient Domestic And Int’l Person-To-Person Payments Launched
"CashEdge Inc. the leading provider of Intelligent Money Movement® services, and Visa Inc. (NYSE: V), the world’s largest retail electronic payments network, today announced an agreement that will enable U.S. consumers to use their eligible Visa credit, debit and prepaid accounts to send and receive person-to-person (P2P) payments domestically and internationally through Popmoney®, CashEdge’s P2P email and mobile payments service. This capability, which will enable consumers to use Popmoney for transactions such as international remittance and funding prepaid cards, will be available in summer 2011."
Fiserv Named “Best Electronic Commerce Provider” by Global Finance Magazine
"Fiserv, Inc., the leading global provider of financial services technology solutions, announced today that it has been named “Best Electronic Commerce Provider” by Global Finance magazine. This is the fourth year in a row that the company has been honored by the publication."
Nokia Extends Mobile Money Service to Union Bank in India
"Nokia Oyj (NOK1V), the world’s biggest maker of mobile phones, has started supplying mobile banking services for a Union Bank of India offering aimed at phone customers who don’t have bank accounts. The Union Bank Money Powered by Nokia service is available in Gurgaon and will be released nationwide over the next few months, the Mumbai-based bank said in a statement."
Showing posts with label CashEdge. Show all posts
Showing posts with label CashEdge. Show all posts
Wednesday, March 30, 2011
Wednesday, March 23, 2011
Mobile Banking Updates - Mar 23
CashEdge and Visa to Expand Network Offerings
"CashEdge Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement® services, and Visa Inc. (NYSE: V), the world's largest retail electronic payments network, today announced an agreement that will enable U.S. consumers to use their eligible Visa credit, debit and prepaid accounts to send and receive person-to-person (P2P) payments domestically and internationally through Popmoney®, CashEdge's P2P email and mobile payments service. This capability, which will enable consumers to use Popmoney for transactions such as international remittance and funding prepaid cards, will be available in summer 2011."
Nokia Ties With Indian Bank for Mobile Payments
"Nokia has tied with Union Bank of India to roll out mobile payment services that are targeted at the large number of Indians who do not have banking facilities. The service will enable consumers to transfer money to other persons, withdraw cash at automated teller machines (ATMs) and designated retail stores, and pay utility bills as well as recharge pre-paid mobile connections, Nokia said on Friday."
Research and Markets: Australia - E-Commerce, Marketing and Advertising 2011
"This annual publication offers a wealth of information on the trends and developments taking place in the m-commerce and e-commerce sectors. The publication analyses the issues surrounding the growth of e-commerce, including e-banking, e-payments and online advertising. Developments are currently being driven by the emerging NBN and by the explosion in mobile broadband access. Many organisations have announced plans for participation in these opportunities. Information on mobile commerce developments is also given, including m-payments and m-banking, plus statistics and forecasts for both the e-commerce and m-commerce sectors."
"CashEdge Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement® services, and Visa Inc. (NYSE: V), the world's largest retail electronic payments network, today announced an agreement that will enable U.S. consumers to use their eligible Visa credit, debit and prepaid accounts to send and receive person-to-person (P2P) payments domestically and internationally through Popmoney®, CashEdge's P2P email and mobile payments service. This capability, which will enable consumers to use Popmoney for transactions such as international remittance and funding prepaid cards, will be available in summer 2011."
Nokia Ties With Indian Bank for Mobile Payments
"Nokia has tied with Union Bank of India to roll out mobile payment services that are targeted at the large number of Indians who do not have banking facilities. The service will enable consumers to transfer money to other persons, withdraw cash at automated teller machines (ATMs) and designated retail stores, and pay utility bills as well as recharge pre-paid mobile connections, Nokia said on Friday."
Research and Markets: Australia - E-Commerce, Marketing and Advertising 2011
"This annual publication offers a wealth of information on the trends and developments taking place in the m-commerce and e-commerce sectors. The publication analyses the issues surrounding the growth of e-commerce, including e-banking, e-payments and online advertising. Developments are currently being driven by the emerging NBN and by the explosion in mobile broadband access. Many organisations have announced plans for participation in these opportunities. Information on mobile commerce developments is also given, including m-payments and m-banking, plus statistics and forecasts for both the e-commerce and m-commerce sectors."
Sunday, March 13, 2011
P2P Mobile Money
CashEdge Signs Deal With Huntington to Provide Popmoney® P2P Email and Mobile Payments to its Customers
"CashEdge, Inc., the leading provider of Intelligent Money Movement® services, announced today that it has signed a deal with The Huntington National Bank, one of the largest banks in the Midwest, to provide Popmoney®, CashEdge's person-to-person email and mobile payments service, to its customers. The service will be offered online through Huntington Online Banking and through Huntington Mobile Banking later in the year."
Western Union, Seven Bank to Introduce International Money Transfers in Japan via Electronic Channels
"The Western Union Company (NYSE: WU), a leader in global payments, announced today that it will launch international money-transfer services in Japan with Seven Bank. Once launched, the service will enable registered Seven Bank customers to send money online via their bank accounts, mobile banking, and, this summer, via 15,000 ATM machines throughout Japan. This will mark the first time Western Union® services are available via ATM in the Asia-Pacific region."
"CashEdge, Inc., the leading provider of Intelligent Money Movement® services, announced today that it has signed a deal with The Huntington National Bank, one of the largest banks in the Midwest, to provide Popmoney®, CashEdge's person-to-person email and mobile payments service, to its customers. The service will be offered online through Huntington Online Banking and through Huntington Mobile Banking later in the year."
Western Union, Seven Bank to Introduce International Money Transfers in Japan via Electronic Channels
"The Western Union Company (NYSE: WU), a leader in global payments, announced today that it will launch international money-transfer services in Japan with Seven Bank. Once launched, the service will enable registered Seven Bank customers to send money online via their bank accounts, mobile banking, and, this summer, via 15,000 ATM machines throughout Japan. This will mark the first time Western Union® services are available via ATM in the Asia-Pacific region."
Tuesday, April 27, 2010
Mobile Banking Updates - Apr 27
Smartphones to drive European m-banking take-up - Forrester
"The survey of 14000 people in France, Germany, Italy, the Netherlands, Spain, Sweden and the UK shows that mobile banking is still relatively little-used, with application-based systems particularly unpopular.
Just one per cent of European Net users with a mobile phone use banking applications, although this is partly because so few financial institutions offer customers the option. Mobile Internet systems are slightly more popular, with four per cent visiting bank Web sites through handsets. However, SMS-based systems continue to dominate, with 10% of European online mobile phone users signing up for one-way text message alerts from their banks."
Brett King: Banks are Losing the Customer and Innovation Battle
"For mobile internet banking, it is far worse. The iPhone has dominated global smart-phone sales over the last 3 years. In 2009, iPhone made up 72% of smart-phone sales in Japan, but less than 1% of banks in the U.S. have an iPhone app - best case of the largest banks, the percentages is closer to 10%. The excuse for this lag in innovation is undoubtedly that 2009 was a tough year to invest in technology. The problem is that banks should have already committed to this in 2007, when the iPhone was released, not be thinking about potentially launching in 2010/2011, five years after the customer has already adopted the technology. Given the expectations are for close to a billion mobile banking users by 2015, there are just no excuses for such a lag."
Analyst Labels M-Commerce Renaissance a Priority
"Banks making a concerted push to promote contactless payment technology are focusing on the wrong target and should switch their short-term focus to mobile commerce.
That's the main conclusion of a new report by independent technology analyst Ovum, which finds that m-commerce is set to experience a renaissance as industry players express renewed interest and mobile banking services take root."
Leveraging Mobile to Combat Fraud
"Join Javelin for a complimentary webinar presentation on using mobile to combat fraud. The mobile channel brings new ways to increase banking security in a time when fraud is on the rise. Mobile alerts and mobile banking bring more advanced capabilities to fight fraud through allowing consumers to have anytime, anywhere access to their finances. The growth of mobile banking offers consumers and FI’s a tool to help stop fraud as soon as it occurs. With the development of mobile banking and near real-time alerts, financial institutions can deputize consumers to help in the battle against fraud – for their own good as well as yours."
Bank of Hawaii - It's Banking on the Go
"If you have an e-Bankoh Online Banking account, you can access your account from your mobile phone. It's free and just takes seconds to setup."
FIS-Sponsored Survey Reveals Consumer Interest in Replacing Cash and Checks with P2P Money Movement
"Demand for electronic person-to-person (P2P) payments and transfers is growing rapidly and the interest of making these and other payment transactions through an ePayment Portal is strong as well. In fact, the study found that of those who were interested in the Portal concept, 70 percent would be likely to use P2P payment services within that Portal. This is according to research commissioned by FIS(TM) (FIS 25.04, -0.61, -2.38%) , one of the world's largest providers of banking and payments technology. The study was conducted by eCom Advisors, a provider of executive consulting and research services in the financial services industry."
ClairMail reaches agreement with CashEdge
"Mobile banking and payment service provider ClairMail has entered into an agreement with CashEdge, a provider of Intelligent Money Movement services, to provide financial institutions with connectivity to CashEdge's Popmoney through the ClairMail platform.
As a result of the relationship, ClairMail customers will have the ability to provide consumers with a secure mobile banking and P2P payments experience.
Through the integration with ClairMail's platform, the two companies will enable financial institutions (FIs) to offer their customers the ability to send payments by using the email address or mobile phone number of the recipient. Each FI can custom brand the Popmoney mobile experience, which provides consumers the security of using a service offered directly from their bank."
Sybase 365 and FirstCaribbean International Bank Bring Industry-Leading Mobile Banking Technology to the Caribbean
"Sybase 365, a subsidiary of Sybase, Inc., the global leader in mobile messaging and mobile commerce services, today announced a partnership with FirstCaribbean International Bank to provide customers with mobile banking services enabling them the flexibility and convenience of managing their finances over their mobile phones.
FirstCaribbean International Bank is the largest regionally-listed bank in the English and Dutch-speaking Caribbean with branches across 17 markets. The new service is of tremendous value to FirstCaribbean customers as it gives many of them a more convenient way to bank on the go, without needing to visit a branch -- something that is of particular importance to many without home Internet connections."
"The survey of 14000 people in France, Germany, Italy, the Netherlands, Spain, Sweden and the UK shows that mobile banking is still relatively little-used, with application-based systems particularly unpopular.
Just one per cent of European Net users with a mobile phone use banking applications, although this is partly because so few financial institutions offer customers the option. Mobile Internet systems are slightly more popular, with four per cent visiting bank Web sites through handsets. However, SMS-based systems continue to dominate, with 10% of European online mobile phone users signing up for one-way text message alerts from their banks."
Brett King: Banks are Losing the Customer and Innovation Battle
"For mobile internet banking, it is far worse. The iPhone has dominated global smart-phone sales over the last 3 years. In 2009, iPhone made up 72% of smart-phone sales in Japan, but less than 1% of banks in the U.S. have an iPhone app - best case of the largest banks, the percentages is closer to 10%. The excuse for this lag in innovation is undoubtedly that 2009 was a tough year to invest in technology. The problem is that banks should have already committed to this in 2007, when the iPhone was released, not be thinking about potentially launching in 2010/2011, five years after the customer has already adopted the technology. Given the expectations are for close to a billion mobile banking users by 2015, there are just no excuses for such a lag."
Analyst Labels M-Commerce Renaissance a Priority
"Banks making a concerted push to promote contactless payment technology are focusing on the wrong target and should switch their short-term focus to mobile commerce.
That's the main conclusion of a new report by independent technology analyst Ovum, which finds that m-commerce is set to experience a renaissance as industry players express renewed interest and mobile banking services take root."
Leveraging Mobile to Combat Fraud
"Join Javelin for a complimentary webinar presentation on using mobile to combat fraud. The mobile channel brings new ways to increase banking security in a time when fraud is on the rise. Mobile alerts and mobile banking bring more advanced capabilities to fight fraud through allowing consumers to have anytime, anywhere access to their finances. The growth of mobile banking offers consumers and FI’s a tool to help stop fraud as soon as it occurs. With the development of mobile banking and near real-time alerts, financial institutions can deputize consumers to help in the battle against fraud – for their own good as well as yours."
Bank of Hawaii - It's Banking on the Go
"If you have an e-Bankoh Online Banking account, you can access your account from your mobile phone. It's free and just takes seconds to setup."
FIS-Sponsored Survey Reveals Consumer Interest in Replacing Cash and Checks with P2P Money Movement
"Demand for electronic person-to-person (P2P) payments and transfers is growing rapidly and the interest of making these and other payment transactions through an ePayment Portal is strong as well. In fact, the study found that of those who were interested in the Portal concept, 70 percent would be likely to use P2P payment services within that Portal. This is according to research commissioned by FIS(TM) (FIS 25.04, -0.61, -2.38%) , one of the world's largest providers of banking and payments technology. The study was conducted by eCom Advisors, a provider of executive consulting and research services in the financial services industry."
ClairMail reaches agreement with CashEdge
"Mobile banking and payment service provider ClairMail has entered into an agreement with CashEdge, a provider of Intelligent Money Movement services, to provide financial institutions with connectivity to CashEdge's Popmoney through the ClairMail platform.
As a result of the relationship, ClairMail customers will have the ability to provide consumers with a secure mobile banking and P2P payments experience.
Through the integration with ClairMail's platform, the two companies will enable financial institutions (FIs) to offer their customers the ability to send payments by using the email address or mobile phone number of the recipient. Each FI can custom brand the Popmoney mobile experience, which provides consumers the security of using a service offered directly from their bank."
Sybase 365 and FirstCaribbean International Bank Bring Industry-Leading Mobile Banking Technology to the Caribbean
"Sybase 365, a subsidiary of Sybase, Inc., the global leader in mobile messaging and mobile commerce services, today announced a partnership with FirstCaribbean International Bank to provide customers with mobile banking services enabling them the flexibility and convenience of managing their finances over their mobile phones.
FirstCaribbean International Bank is the largest regionally-listed bank in the English and Dutch-speaking Caribbean with branches across 17 markets. The new service is of tremendous value to FirstCaribbean customers as it gives many of them a more convenient way to bank on the go, without needing to visit a branch -- something that is of particular importance to many without home Internet connections."
Sunday, March 7, 2010
Mobile Banking Updates - Mar 7
How do banks and operators feel about mobile banking?
"There’s a definite different between mobile payments and mobile banking. Mobile payments are all about the secure transfer of money across mobile channels (don’t let my one sentence description there fool you - it’s a hideously complex and necessary service). But mobile banking is about offering full banking and financial services to people over their mobile phone. Early forms of this were focused on SMS notifications - banks would send you a text when certain things happened to your account (bills paid, large amounts taken out or put into an account, etc). But what a lot of people including myself have found is that we want complete control of our bank account from our mobiles."
More than 100 Banks to Launch POPmoney™ Person-to-Person Payments Service in First Half of 2010
"CashEdge Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement™, announced today that more than 100 financial institutions are adding POPmoney™ (www.popmoney.com) to their customer offerings. All are preparing to launch the groundbreaking email and mobile person-to-person payments (P2P) service by the end of Q2 2010, demonstrating strong momentum and growing consumer demand for the POPmoney service."
USAA Makes Mobile Financial Transactions Simpler, Safer with Quick Logon
"USAA, a leading financial services provider for members of the military community and their families, is giving its mobile users faster, more secure mobile logon access to their banking, insurance and investment accounts through its new quick logon and authentication security software. USAA has teamed up with VeriSign, Inc. to simplify account access for USAA members while strengthening the logon security for its popular USAA Mobile App."
Visa courts phone firms for slice of mobile banking pie
"Global payments technology company Visa International is courting mobile phone network operators with a view to tying up partnerships that could give the company a foothold in the emerging mobile phone banking services, the group’s general manager for Sub Saharan Africa has said."
Equity to join mobile banking
"Equity Bank has announced its intention to join mobile banking. This was revealed last week by Equity Bank Uganda’s executive Director Apollo N. Njoroge during the official opening of the bank’s branch at Oasis Mall in Kampala. The service, dubbed Eazzy 24/7, targets Equity Bank customers with mobile phones."
"There’s a definite different between mobile payments and mobile banking. Mobile payments are all about the secure transfer of money across mobile channels (don’t let my one sentence description there fool you - it’s a hideously complex and necessary service). But mobile banking is about offering full banking and financial services to people over their mobile phone. Early forms of this were focused on SMS notifications - banks would send you a text when certain things happened to your account (bills paid, large amounts taken out or put into an account, etc). But what a lot of people including myself have found is that we want complete control of our bank account from our mobiles."
More than 100 Banks to Launch POPmoney™ Person-to-Person Payments Service in First Half of 2010
"CashEdge Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement™, announced today that more than 100 financial institutions are adding POPmoney™ (www.popmoney.com) to their customer offerings. All are preparing to launch the groundbreaking email and mobile person-to-person payments (P2P) service by the end of Q2 2010, demonstrating strong momentum and growing consumer demand for the POPmoney service."
USAA Makes Mobile Financial Transactions Simpler, Safer with Quick Logon
"USAA, a leading financial services provider for members of the military community and their families, is giving its mobile users faster, more secure mobile logon access to their banking, insurance and investment accounts through its new quick logon and authentication security software. USAA has teamed up with VeriSign, Inc. to simplify account access for USAA members while strengthening the logon security for its popular USAA Mobile App."
Visa courts phone firms for slice of mobile banking pie
"Global payments technology company Visa International is courting mobile phone network operators with a view to tying up partnerships that could give the company a foothold in the emerging mobile phone banking services, the group’s general manager for Sub Saharan Africa has said."
Equity to join mobile banking
"Equity Bank has announced its intention to join mobile banking. This was revealed last week by Equity Bank Uganda’s executive Director Apollo N. Njoroge during the official opening of the bank’s branch at Oasis Mall in Kampala. The service, dubbed Eazzy 24/7, targets Equity Bank customers with mobile phones."
Wednesday, January 20, 2010
Mobile Banking Updates - Jan 20
Haiti Earthquake Puts Mobile Payments in the Spotlight
"While a disaster of massive proportions, the Jan. 12 earthquake in Haiti nevertheless is boosting online giving and mobile payments in particular as U.S. donors seek the fastest way of putting their donations to work in the stricken country. As of 9 a.m. Eastern time Monday, more than 2 million donors had given $21 million in $10 increments to the American Red Cross’s Haitian earthquake-relief effort, according to Tony Aiello, chief executive of mGive, the technology platform of Mobile Accord Inc. Founded in 2005, Denver-based Mobile Accord works with 200 non-profit groups to raise funds via mobile devices."
Discover: Contactless Payment Sticker Users Inadvertently Crippling Performance
"In a cruel twist of fate, hapless contactless payment supporters (a dying breed if ever there was one) were swiped by some more bad news this week, courtesy of a new report from Discover Financial Services. It seems that in a trial of its Zip contactless payment program, most consumers tried to hide the stickers inside their phones, a move that unintentionally cripples performance."
BBVA Bancomer Aims For 500,000 New Mobile Banking Users
"Mexico's largest bank, BBVA Bancomer, said Monday that it aims to sign up half a million clients for its new mobile banking service during the first year of operations. In a press release, BBVA Bancomer said its Bancomer Movil service allows users to check their account balances, transfer money between accounts, and pay for goods purchased at retailers affiliated with the Nipper mobile payment system. "
FNBO Direct Launches CashEdge's POPmoney -- the First Email and Mobile Person-to-Person Payments Service for Banks
"CashEdge, Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement™ services, announced today that FNBO Direct, a division of First National Bank of Omaha (FNBO), has launched CashEdge's person-to-person (P2P) payments service, POPmoney, to its customers. FNBO Direct began offering POPmoney on January 18 through its site www.fnbodirect.com."
Where is the Next-Generation Wallet?
"In the United States and around the world, financial institutions and non-banks are considering how and to what extent they should incorporate mobile financial services into their business models. With worldwide mobile subscriber penetration rates surpassing 50 percent in 2008, these decisions take on an even greater importance for competitive institutions. The evolutionary path plotted by mobile banking and mobile payments can be very different, depending on a variety of factors, including a market's level of banking sophistication, available technologies and experience with antecedent products, services or technologies."
70% of smart phone owners use mobile financial services
"Data Innovation today announced the findings from its first Mobile Money Study, a mobile survey of 246 smart phone users conducted December 2009. Data Innovation, a market research firm specializing in the wireless industry, conducts primary research with an exclusively mobile panel. The study found that nearly 70% of respondents had used at least one mobile banking and/or payment service in the past three months."
“Txt Ur Bank”: How Banks Are Incorporating SMS into Mobile Banking
As anyone walking through a crowd of high school student might notice, texting is one of the most popular forms of communication among young people. It makes sense; it’s a quick and easy way to keep in touch, not to mention easier to send in class than traditional note passing. However, as these teens become financially independent, banks are looking for a way to tap into their favorite mode of communication in order to attract this population of new customers."
"While a disaster of massive proportions, the Jan. 12 earthquake in Haiti nevertheless is boosting online giving and mobile payments in particular as U.S. donors seek the fastest way of putting their donations to work in the stricken country. As of 9 a.m. Eastern time Monday, more than 2 million donors had given $21 million in $10 increments to the American Red Cross’s Haitian earthquake-relief effort, according to Tony Aiello, chief executive of mGive, the technology platform of Mobile Accord Inc. Founded in 2005, Denver-based Mobile Accord works with 200 non-profit groups to raise funds via mobile devices."
Discover: Contactless Payment Sticker Users Inadvertently Crippling Performance
"In a cruel twist of fate, hapless contactless payment supporters (a dying breed if ever there was one) were swiped by some more bad news this week, courtesy of a new report from Discover Financial Services. It seems that in a trial of its Zip contactless payment program, most consumers tried to hide the stickers inside their phones, a move that unintentionally cripples performance."
BBVA Bancomer Aims For 500,000 New Mobile Banking Users
"Mexico's largest bank, BBVA Bancomer, said Monday that it aims to sign up half a million clients for its new mobile banking service during the first year of operations. In a press release, BBVA Bancomer said its Bancomer Movil service allows users to check their account balances, transfer money between accounts, and pay for goods purchased at retailers affiliated with the Nipper mobile payment system. "
FNBO Direct Launches CashEdge's POPmoney -- the First Email and Mobile Person-to-Person Payments Service for Banks
"CashEdge, Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement™ services, announced today that FNBO Direct, a division of First National Bank of Omaha (FNBO), has launched CashEdge's person-to-person (P2P) payments service, POPmoney, to its customers. FNBO Direct began offering POPmoney on January 18 through its site www.fnbodirect.com."
Where is the Next-Generation Wallet?
"In the United States and around the world, financial institutions and non-banks are considering how and to what extent they should incorporate mobile financial services into their business models. With worldwide mobile subscriber penetration rates surpassing 50 percent in 2008, these decisions take on an even greater importance for competitive institutions. The evolutionary path plotted by mobile banking and mobile payments can be very different, depending on a variety of factors, including a market's level of banking sophistication, available technologies and experience with antecedent products, services or technologies."
70% of smart phone owners use mobile financial services
"Data Innovation today announced the findings from its first Mobile Money Study, a mobile survey of 246 smart phone users conducted December 2009. Data Innovation, a market research firm specializing in the wireless industry, conducts primary research with an exclusively mobile panel. The study found that nearly 70% of respondents had used at least one mobile banking and/or payment service in the past three months."
“Txt Ur Bank”: How Banks Are Incorporating SMS into Mobile Banking
As anyone walking through a crowd of high school student might notice, texting is one of the most popular forms of communication among young people. It makes sense; it’s a quick and easy way to keep in touch, not to mention easier to send in class than traditional note passing. However, as these teens become financially independent, banks are looking for a way to tap into their favorite mode of communication in order to attract this population of new customers."
Monday, December 21, 2009
Mobile Banking Updates - Dec 21
USAA Thwarts Mobile App Fraud
"USAA recently stopped a software developer from selling an imposter USAA application designed for use with Google's new Android phone. The developer had posted it for sale within Google's Android Marketplace, but USAA took immediate action and had the application removed."
GETTING PERSONAL CANADA: Carry Your Bank In Your Pocket
"While mobile banking took some time to become established in the Canadian market, mobile-payment services are expanding faster than waistlines at Thanksgiving.
Mobile payments - using your cell phone to pay bills, purchase merchandise, check your bank balance, and transfer money through an embedded chip - is growing five to 10 times as quickly as Internet usage spread throughout Canada in the late 1990s, according to Richard Crone, a California-based payment-services consultant."
First Two Banks Go Live with CashEdge's POPmoney(TM) Person-to-Person Payments Service
"CashEdge, Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement(TM) services, announced today that two top U.S. banks are the first in the nation to launch POPmoney(TM), its groundbreaking new email and mobile person-to-person (P2P) payments service offered through banks. Five additional financial institutions have signed on to launch the service in early 2010, demonstrating strong momentum for the innovative new P2P payments service."
"USAA recently stopped a software developer from selling an imposter USAA application designed for use with Google's new Android phone. The developer had posted it for sale within Google's Android Marketplace, but USAA took immediate action and had the application removed."
GETTING PERSONAL CANADA: Carry Your Bank In Your Pocket
"While mobile banking took some time to become established in the Canadian market, mobile-payment services are expanding faster than waistlines at Thanksgiving.
Mobile payments - using your cell phone to pay bills, purchase merchandise, check your bank balance, and transfer money through an embedded chip - is growing five to 10 times as quickly as Internet usage spread throughout Canada in the late 1990s, according to Richard Crone, a California-based payment-services consultant."
First Two Banks Go Live with CashEdge's POPmoney(TM) Person-to-Person Payments Service
"CashEdge, Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement(TM) services, announced today that two top U.S. banks are the first in the nation to launch POPmoney(TM), its groundbreaking new email and mobile person-to-person (P2P) payments service offered through banks. Five additional financial institutions have signed on to launch the service in early 2010, demonstrating strong momentum for the innovative new P2P payments service."
Tuesday, November 3, 2009
BAI Mobile Banking Announcements - Nov 3
S1 Teams With PayPal to Deliver Fast, Convenient Mobile Personal Payments Solution for Banks
"S1 Corporation (Nasdaq: SONE), a leading global provider of financial services and payments software solutions, today announced an agreement with PayPal to deliver a new personal payments service that allows consumers and businesses to make easy, fast and secure payments from their bank accounts to PayPal users around the world using their mobile phones. Mercantile Bank of Michigan, a customer of S1, is the first financial institution to sign up for the new offering and expects to go live with the mobile personal payments service early next year."
CashEdge and Firethorn to Launch Integrated Mobile Person-to-Person Payments Solution for Financial Institutions
"CashEdge, Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement(TM) services, and mobile commerce enabler Firethorn Holdings, LLC, a Qualcomm company (Nasdaq: QCOM), announced today that the companies have entered into a strategic relationship to bring to market an integrated mobile person-to-person (P2P) payments solution integrating CashEdge's POPmoney P2P payments service and Firethorn's Mobile Wallet solution."
Two Top Credit Unions Select POPmoney(TM)
"CashEdge, Inc.(www.cashedge.com), the leading provider of Intelligent Money Movement(TM)services, announced today that two leading credit unions, BECU and Patelco,are among the numerous leading financial institutions that will add POPmoney(TM) (www.popmoney.com) to their customer offerings by the end of 2009."
The Family Credit Union Now Offering Mobile Money from Fiserv
"BAI RDC Booth #417 -- Fiserv, Inc. (NASDAQ:FISV), the leading global provider of financial services technology solutions, today announced that The Family Credit Union, an $89.9 million credit union with branches in Iowa and Illinois, is now providing members access to mobile financial services with Mobile MoneySM."
Park State Bank & Trust Launches Bling Nation’s Mobile Payments Network
"The Community Payments Service is a secure local debit network, driven by the tap of a cell phone, that enables banks and merchants to avoid costly traditional payments network. As a result, shopping locally is promoted and money is kept within the Woodland Park community. In addition, consumers enjoy the convenience and safety of tapping their cell phones to pay for goods and services without exposing sensitive, personal information. With each purchase, a SMS text message is sent to the consumer with account balance and any rewards program updates."
ClairMail Introduces First-to-Market Mobile Banking Adoption Services Offering
"ClairMail, Inc., the leader in mobile banking and payment solutions, today introduced the finance industry's first end-to-end mobile banking adoption services offering. The complete services include best practices across all phases of the mobile banking adoption lifecycle -- Planning, Implementation, Marketing and Analysis -- enabling financial institutions to optimize mobile adoption and usage, better engage with their customers and drive toward the ultimate goal of realizing 100% mobile banking adoption and high return on investment."
Sybase 365 unveils mobile banking application for iPhone
"Sybase subsidiary, Sybase 365 which specializes in mobile messaging and mobile commerce applications has come up with a new release of mobile banking solution for iPhone users. The new application will be offered to financial institutions across the globe over the Sybase mBanking 365 platform. Sybase says the application offers a turn-key solution to the financial institutions enabling them a quick and easy rollout of mobile banking services."
"S1 Corporation (Nasdaq: SONE), a leading global provider of financial services and payments software solutions, today announced an agreement with PayPal to deliver a new personal payments service that allows consumers and businesses to make easy, fast and secure payments from their bank accounts to PayPal users around the world using their mobile phones. Mercantile Bank of Michigan, a customer of S1, is the first financial institution to sign up for the new offering and expects to go live with the mobile personal payments service early next year."
CashEdge and Firethorn to Launch Integrated Mobile Person-to-Person Payments Solution for Financial Institutions
"CashEdge, Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement(TM) services, and mobile commerce enabler Firethorn Holdings, LLC, a Qualcomm company (Nasdaq: QCOM), announced today that the companies have entered into a strategic relationship to bring to market an integrated mobile person-to-person (P2P) payments solution integrating CashEdge's POPmoney P2P payments service and Firethorn's Mobile Wallet solution."
Two Top Credit Unions Select POPmoney(TM)
"CashEdge, Inc.(www.cashedge.com), the leading provider of Intelligent Money Movement(TM)services, announced today that two leading credit unions, BECU and Patelco,are among the numerous leading financial institutions that will add POPmoney(TM) (www.popmoney.com) to their customer offerings by the end of 2009."
The Family Credit Union Now Offering Mobile Money from Fiserv
"BAI RDC Booth #417 -- Fiserv, Inc. (NASDAQ:FISV), the leading global provider of financial services technology solutions, today announced that The Family Credit Union, an $89.9 million credit union with branches in Iowa and Illinois, is now providing members access to mobile financial services with Mobile MoneySM."
Park State Bank & Trust Launches Bling Nation’s Mobile Payments Network
"The Community Payments Service is a secure local debit network, driven by the tap of a cell phone, that enables banks and merchants to avoid costly traditional payments network. As a result, shopping locally is promoted and money is kept within the Woodland Park community. In addition, consumers enjoy the convenience and safety of tapping their cell phones to pay for goods and services without exposing sensitive, personal information. With each purchase, a SMS text message is sent to the consumer with account balance and any rewards program updates."
ClairMail Introduces First-to-Market Mobile Banking Adoption Services Offering
"ClairMail, Inc., the leader in mobile banking and payment solutions, today introduced the finance industry's first end-to-end mobile banking adoption services offering. The complete services include best practices across all phases of the mobile banking adoption lifecycle -- Planning, Implementation, Marketing and Analysis -- enabling financial institutions to optimize mobile adoption and usage, better engage with their customers and drive toward the ultimate goal of realizing 100% mobile banking adoption and high return on investment."
Sybase 365 unveils mobile banking application for iPhone
"Sybase subsidiary, Sybase 365 which specializes in mobile messaging and mobile commerce applications has come up with a new release of mobile banking solution for iPhone users. The new application will be offered to financial institutions across the globe over the Sybase mBanking 365 platform. Sybase says the application offers a turn-key solution to the financial institutions enabling them a quick and easy rollout of mobile banking services."
Thursday, August 13, 2009
Mobile Banking Updates - Aug 13
Consumers Want Person-to-Person Payments Services From Banks
"CashEdge has announced results from its fourth annual Consumer Online Banking Survey saying it 'demonstrated an increasing demand for simple, secure person-to-person (P2P) payment services and the preference by consumers to get these services from their financial institution, rather than an independent service such as PayPal. Conducted annually by CashEdge, the study examines the behavior and preferences of more than 850 consumers nationwide aged 18 years and older who use online banking capabilities.'"
Monitise Strikes Partnership to Extend 'Mobile Money' Across Africa and the Middle East
"Monitise, the world's leading mobile banking services provider, is extending its business further into Africa and the Middle East with a joint venture with Paynet, an electronics payment company. The agreement, signed in principle, combines the strengths of Monitise and Paynet to give millions of people access to banking and financial services on their mobile phones."
Wallet of the future? Your mobile phone
"The mobile phone is staging a coup. Some analysts say that within five years, mobile phones in the United States will be able to make electronic payments, open doors, access subways, clip coupons and possibly act as another form of identification. These futuristic uses for phones are becoming reality in countries like South Korea and Japan, which typically are ahead of the United States when it comes to mobile technology."
Fundamo, Clickatell Partner to Deliver Mobile Banking Solutions to Global Financial Providers
"As emerging economies continue to pioneer the adoption of mobile banking, two leading mobile services providers, Clickatell and Fundamo, have partnered to deliver mobile banking solutions to financial services institutions to help fulfill what will become a US$5 billion opportunity in the next three years, according to McKinsey & Company."
Lots of Fail With CitiBank’s New Mobile Web Site
"Citibank, the fifth largest U.S. bank in deposits, recently launched a mobile web site. Read more about it on the bank’s promotional page. This should be good news. Most of the other big banks launched mobile web based online banking sites a couple years ago."
Mobile banking, what it is and how it works
"Some time ago people could not imagine that they would use wireless handsets to perform banking operations. Today it is something ordinary if you send an SMS message to inquire your account balance at your bank. Mobile banking while not yet available or at least affordable in many countries of the world is wide spread among bank consumers in developed nations."
How can one get excited about an iPhone image of a check?
"As part of my job, I am regularly exposed to great innovations in the mobile banking domain. Recently, when I read about the USAA iPhone application (Read here and many, many more places), I first thought someone was pulling my leg."
Credit Union Center Offers Mobile Banking
"CO-OP Mobile allows credit union members to access their accounts using their mobile phone. Utilizing CO-OP’s Next Generation Network, the mobile application provides secure, encrypted transactions without storing personal information on the members phone."
ClairMail Powers Mobile Banking for Veridian Credit Union
"The ClairMail mobile banking solution will enable Veridian Credit Union members to access their accounts via multiple modes on a single device, empowering them with greater control over their personal finances. Members can perform a variety of activities including checking account balances, transferring funds and viewing their transaction history."
Mobile Banking Poised for Rapid Growth
"A new report from IDC Financial Insights emphasizes that banks need to prepare themselves today for the imminent wave of mobile adoption to avoid being left behind by competitors. The study indicates that while current economic conditions may have curtailed both consumers' demand for mobile banking and banks' willingness to invest in it in the short term, things are still moving forward."
"CashEdge has announced results from its fourth annual Consumer Online Banking Survey saying it 'demonstrated an increasing demand for simple, secure person-to-person (P2P) payment services and the preference by consumers to get these services from their financial institution, rather than an independent service such as PayPal. Conducted annually by CashEdge, the study examines the behavior and preferences of more than 850 consumers nationwide aged 18 years and older who use online banking capabilities.'"
Monitise Strikes Partnership to Extend 'Mobile Money' Across Africa and the Middle East
"Monitise, the world's leading mobile banking services provider, is extending its business further into Africa and the Middle East with a joint venture with Paynet, an electronics payment company. The agreement, signed in principle, combines the strengths of Monitise and Paynet to give millions of people access to banking and financial services on their mobile phones."
Wallet of the future? Your mobile phone
"The mobile phone is staging a coup. Some analysts say that within five years, mobile phones in the United States will be able to make electronic payments, open doors, access subways, clip coupons and possibly act as another form of identification. These futuristic uses for phones are becoming reality in countries like South Korea and Japan, which typically are ahead of the United States when it comes to mobile technology."
Fundamo, Clickatell Partner to Deliver Mobile Banking Solutions to Global Financial Providers
"As emerging economies continue to pioneer the adoption of mobile banking, two leading mobile services providers, Clickatell and Fundamo, have partnered to deliver mobile banking solutions to financial services institutions to help fulfill what will become a US$5 billion opportunity in the next three years, according to McKinsey & Company."
Lots of Fail With CitiBank’s New Mobile Web Site
"Citibank, the fifth largest U.S. bank in deposits, recently launched a mobile web site. Read more about it on the bank’s promotional page. This should be good news. Most of the other big banks launched mobile web based online banking sites a couple years ago."
Mobile banking, what it is and how it works
"Some time ago people could not imagine that they would use wireless handsets to perform banking operations. Today it is something ordinary if you send an SMS message to inquire your account balance at your bank. Mobile banking while not yet available or at least affordable in many countries of the world is wide spread among bank consumers in developed nations."
How can one get excited about an iPhone image of a check?
"As part of my job, I am regularly exposed to great innovations in the mobile banking domain. Recently, when I read about the USAA iPhone application (Read here and many, many more places), I first thought someone was pulling my leg."
Credit Union Center Offers Mobile Banking
"CO-OP Mobile allows credit union members to access their accounts using their mobile phone. Utilizing CO-OP’s Next Generation Network, the mobile application provides secure, encrypted transactions without storing personal information on the members phone."
ClairMail Powers Mobile Banking for Veridian Credit Union
"The ClairMail mobile banking solution will enable Veridian Credit Union members to access their accounts via multiple modes on a single device, empowering them with greater control over their personal finances. Members can perform a variety of activities including checking account balances, transferring funds and viewing their transaction history."
Mobile Banking Poised for Rapid Growth
"A new report from IDC Financial Insights emphasizes that banks need to prepare themselves today for the imminent wave of mobile adoption to avoid being left behind by competitors. The study indicates that while current economic conditions may have curtailed both consumers' demand for mobile banking and banks' willingness to invest in it in the short term, things are still moving forward."
Monday, July 27, 2009
Mobile Banking Updates - Jul 27
iPhone taking mobile Banking to the Next Level
"One of which is the recent spike of market shares for the iPhone- that has risen from “5.3%” to “10.8%”. This is no doubt largely due to the latest release of Apple’s 3GS iPhone. I predict this rate of increase will continue to flow each year, if Apple continues to Wow the market with bigger and better versions of the iPhone at lower costs."
Mobile giving is catching on
"For most nonprofits, raising money means asking donors to write a check. But like music, maps and movies, charitable giving is also going mobile. With a mobile phone, donating to a cause can be as simple as typing MEALS, WATER or ALIVE."
Gartner Says Consumers Most Value Online Banking Features that Address Communication and Personalization
"Consumers most value online banking features that address communication and personalization, according to recent surveys by Gartner, Inc. However, financial institutions could be failing to capitalize on online banking by not providing the features that consumers really want."
Differentiation of online services
"I enjoyed reading the findings of a recent Gartner research report on online banking services. Gartner surveyed almost 4 000 consumers in the UK and the US. The findings ring true to what we are seeing in the industry. One of the findings (in my opinion) do have specific implications for banks."
How Losing Your Phone Could Cost You
"A lost or stolen smartphone is more than just an inconvenience.It can lead to identity fraud or corporate espionage,and even compromise the integrity of your medical records.In March, Connecticut-based security vendor Credent Technologies reported that 80 percent of users store on their phones information needed for identity fraud."
Cellphone banking - some lessons learnt
"It wasn't long ago that mobile banking was barely known by account holders in South Africa. It was only in 2001 that certain of the large South African banks launched a version of mobile banking. These services attracted little interest from account holders with most of the initiatives failing. As late as the beginning of 2005, the future viability of mobile banking was uncertain and disputed. Neither the local nor the international banks were actively developing mobile services."
Borrowing $300 from Mom and Dad? Your bank wants some of it
"Hopefully, you've never been there: You're looking at your bank account. It's sickly. It's dying. You need cash, or you're going to be fixing a tree bark salad soon. So you borrow money from your parents or maybe your well-heeled aunt."
Mobile Payments Talk with Hannes van Rensburg, CEO of Fundamo
"Fundamo is the largest dedicated supplier of mobile banking solutions, globally. We supply a software platform to mobile operators and banks that can be configured to offer various solutions (including mobile wallets) to customers. We are based in Cape Town and have offices in six other countries, amongst others in Madrid."
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