International Mobile Banking Updates - Jun 25

HTC to unveil mobile banking phone in Taiwan
"Taiwan's HTC Corp. will announce a partnership in mobile payments with a local bank and card companies this week as it seeks to play a larger role in the promising mobile banking industry. The world's No. 5 smartphone vendor is scheduled to hold a joint news conference on June 19 with Cathay United Bank, EasyCard Corp. and MasterCard International to launch a co-branded card, according to a statement."

Mobile money transfers: Zim drifts towards cashless economy
"ZIMBABWE’s financial transacting public has been presented with a plethora of money transfer options, as the country moves towards a cashless economy. Mobile money products on the market include; Kingdom CellCard, ZB Bank’s e-Wallet and e-Mali, Econet’s EcoCash product, as well as CABS’ TextaCash. FBC has joined the bandwagon with Mobile Moola, a new Automated Teller Machine (ATM) card from which one can send money to anyone with a mobile phone on any network."

Absa attracts 120,000 mobile customers each month
"Absa says it attracts an average of 120,000 new mobile customers each month and boasts in excess of 3.6 million mobile banking clients and 1.35 million online customers. According to Christo Vrey, head of Absa Digital Banking, the group attracted 180,000 new mobile users in March. Absa will not provide a date for the launch of its banking application; however, the group’s new multi-million online platform has been optimised for tablet use."

ASB customers embrace mobile apps
"ASB Bank chief executive Barbara Chapman says consumers are switching on to mobile banking at four times the rate of internet banking when it first took off. However, banks were getting faster at being able to copy each other's technological innovations so any competitive advantages they gained would be more short-lived. 'When we introduced internet banking, I think we had a two- or three-year advantage on every other competitor. There is no way you would expect a two- or three-year advantage on any technology now' she said."

Sybase 365 Enables Allied Bank Limited to Accelerate Adoption of Mobile Banking in Pakistan
"Sybase 365, a subsidiary of Sybase, Inc., the global leader in mobile messaging and mobile commerce services, together with AbacusConsulting, one of Pakistan's largest professional services firms, today announced that Allied Bank Limited, one of Pakistan's largest banks, has chosen the Sybase 365 Mobile Commerce solution to offer mobile financial services to its customers."

St. George releases pay-to-mobile app
"St. George has launched a pay-to-mobile app which will allow users to send payments on their smartphones. To make a payment, users need to put in the recipient’s mobile number and hit ‘transfer’. The app then notifies the recipient money has been transferred and they are directed to a secure website where they put in their BSB and account details."

Ethiopia to Regulate Mobile Banking
"The National Bank of Ethiopia is to issue a new directive for mobile banking directives. The central bank regulation officials and presidents of banks had final discussions on the draft regulation last week. The bank circulated the draft regulation to all banks for comments and expects it to come into effect in three weeks time according to sources. The regulation will control the way in which mobile banking is implemented, identifying and protecting users and how much money can be transacted.

UN Calls For Mobile Banking Rules
"The United Nations on Thursday called for rules to coordinate the use of mobile money services in East Africa."

With mobile banking growing rapidly, banks too need to step up their security features
"Mobile banking may still be in its infancy but it is growing at a phenomenal pace, according to Mr Trevor Haeger, Chief Information Officer for Standard Chartered Bank, Singapore. For Standard Chartered Bank, Singapore, the growth rate of active users utilising its Internet banking services was 33 per cent between 2010 and 2012. The growth rate of active users for its mobile banking services was a whopping 92 per cent from 2010 to 2012."

Brazilian Bank Federation sees boom in mobile banking market
"Making financial transactions with mobile devices is not considered new in Brazil. However, the service is far from being heavily used. During this week’s Ciab (check all stories) —a conference and exposition focused on IT for financial institutions held in São Paulo—banks and vendors are trying to show how the connected society (also a central theme of the event) is changing the way banks do business."

Banks to offer mobile banking service by mid-2013
"All banks are expected to participate in mobile banking service by the middle of next year, says e-payment service provider, Malaysian Electronic Clearing Corp Sdn Bhd (MyClear). 'Our objective is to get the entire industry to participate to encourage usage of e-payment gradually,' said MyClear managing director, Mohd Suhail Amar Suresh."

RBS adds ATM cash dispensing to mobile banking app
"Customers are presented with a 'GetCash' option within the RBS and Natwest iOS, Android and BlackBerry apps that lets them request up to £100. A six digit PIN is then generated which can be entered at the banks' ATMs at any point within the next three hours to collect the money. Customers can make as many requests as they want in a day as long as they do not exceed their withdrawal limit."

Mobile Banking Updates - Aug 18

The Future of Android, Part 2: Security Snafus
"The number of attacks on Android devices has been rising over the past few months. The malware has exotic names such as "Zitmo," "DroidDreamLight," "Hong Tou Tou," "DroidKungFu," "YZHCSMS," "Geinimi" and "Plankton."

In January 2010, Google (Nasdaq: GOOG) removed more than 50 fake banking apps from the Android market, and in March of this year, it removed another 50 infected apps, Amit Sinha, chief technology officer at Zscaler, told LinuxInsider."

HTC, China UnionPay to launch smartphone for mobile banking
"Taiwanese smartphone maker HTC Corp. signed a deal with China UnionPay Co. on Tuesday to launch a smartphone in China that would allow mobile payments through the country's only credit card network.

The "HTC Stunning," a 4-inch smartphone powered by Google's Android operating system, will allow users to apply for mobile banking services such as remote bill payments and contactless payments, according to an HTC statement."

Union First Market Bank launches three new mobile banking offerings
"Union First Market Bank has launched three new mobile banking offerings, including mobile web, text message banking and an iPhone application. Now iPhone customers will be able to download the Union First Market Mobile Banking app from Apple's App Store. 'Mobile banking is no longer an exclusive product from large national or regional banks,' said William Beale, CEO of Union First Market Bankshares."

Capital One Launches Android Mobile Banking Application
"Aiming to give its customers more choices regarding how they access their account information, Capital One Financial Corp. (McLean, Va.) launched its Android mobile banking application last week. The new Android app joins Capital One's other digital channels: iPhone app, mobile website, SMS text, chat, Twitter and Facebook.

'The growth in mobile banking has been phenomenal,' said Jack Forestell, EVP, Digital Strategy, Capital One, in a press release. 'More and more, our customers are using their mobile devices to manage their accounts in a way that works best for them. By launching Android … we continue to expand our mobile offerings to our customers and are responding to their needs. Ultimately, we are meeting our customers in their channel of choice.'"

Trustmark Receives High Rankings Among National Online Consumer Banks
"Trustmark National Bank's mobile banking service recently ranked among the top five most popular consumer bank applications for iPad as reported by NetBanker, a leading online finance and banking blog. The ranking includes the most popular financial applications from all U.S. Financial institutions available through the Apple App Store."