Mobile Banking, Payment, Core Sales Drive Fiserv Profits
"Fiserv shared solid results for the second quarter Tuesday night, including revenue of $1.1 billion and an 18% increase in adjusted earnings per share to $1.50. Revenue came from three main sources: mobile banking software and services, payment services and core banking software sales (the latter mainly through Fiserv's acquisition in Open Solutions earlier this year)."
Podcast: Mobile Banking Threats
"Kaspersky Lab expert Denis Maslennikov explains the vulnerabilities and possible threats of mobile banking apps."
Sterling Bank Expands Its Digital Capabilities through Retail and Business Digital Solutions from FIS
"Engaging customers on their own terms is the future of banking, and Spokane, Wash., based Sterling Bank, the principal operating subsidiary of Sterling Financial Corporation (NASDAQ:STSA), is meeting those needs with the help of FIS™ (NYSE:FIS). FIS, the world’s largest provider of banking and payments technology, today announced that the $9.94 billion bank signed a multi-year agreement to deploy FIS’ Business eBanking and Mobile Banking solutions – creating new and easier ways for customers to manage their money, while also supporting the bank’s plans for growth."
Q2 Ties Banking Software With Geezeo
"Austin-based mobile banking software developer Q2 (formerly Q2ebanking), said today that it has partnred with financial technology firm Geezeo. Geezeo is a developer of personal finance management software, aimed at consumers."
Thoma Bravo Completes Acquisition of Intuit Financial Services; Newly Launched as Digital Insight
"Thoma Bravo, a leading middle-market private equity firm, announced today it completed the previously announced acquisition of Intuit Financial Services, a division of Intuit, Inc., to form a stand-alone company that provides digital banking and payments capabilities to financial institutions. The transaction, valued at $1.025 billion, establishes a new company with a familiar name in banking, Digital Insight."
Mobile Payment Startup Secures Head Honcho & New ‘Dream Team'
"Zapp, which enables real-time payments on people’s mobiles through their mobile banking application, allowing secure payments between consumers and merchants, is set to hit the market in 2014. Ahead of its debut the company, which is part of the VocaLink group, has today announced key founder members of a senior management ‘dream team’ – who are responsible for launching the new mobile payments system."
Mobile banking innovations
"As you're standing in line at your local grocery store waiting to checkout, you quietly observe the people in front of you. They pull out a checkbook and begin to write a check. You silently sigh and roll your head because you now have to wait for this ancient process to finish- when they could have just slid a debit card and be done."
Shop Smart: Banking services you can bank on
"In recent years, banks have introduced new products and services that have significantly enhanced consumer convenience, notes Consumer Reports Money Adviser. For example, rising consumer preference for paying by debit card at the cash register has reduced the need to find automated teller machines. With smartphone banking apps, you almost never have to set foot inside a bank branch."
Showing posts with label Intuit. Show all posts
Showing posts with label Intuit. Show all posts
Thursday, August 8, 2013
Thursday, July 11, 2013
Mobile Banking Updates - July 11
Mobile Banking? There’s an App for That — and Often a Sizable Fee Too
"Banking with your smartphone? There’s an app for that. But some customers are finding there’s a fee for it as well. Mobile banking has grown significantly in the past couple of years. The Pew Research Center says more than half of Americans now have smartphones. Consultants at the Aite Group said in a report last year that the number of people banking on their phones will triple by 2016."
BBVA Compass economists examine mobile banking, crowdfunding, other trends in latest quarterly report
"The financial industry faces its most dramatic transformation in modern history because of increased online and mobile device usage, which will make banks more productive but also boost competition from nonbanks, BBVA Compass economists say in their latest report. This "transformation will result in a more efficient financial system that will be in a stronger position to support economic growth and wealth creation," the economists say. Every quarter, the bank's economic research team publishes its Economic Outlook, a report focused on a variety of issues that affect the U.S. as a whole as well as the Sunbelt states where BBVA Compass operates."
Key Considerations for Testing Voice Recognition in Mobile Banking Applications
"Traditionally, banks have been burdened with high regulations and slow processes. Mobile is completely changing all of that. Mobile has quickly forced banks to catch up with their customers and embrace mobile apps. According to an inforgraphic produced by analytics solutions provider FICO, one billion people are projected to use mobile banking by 2017. Banks are continually innovating and improving their mobile services and even incorporating voice recognition."
New Access publishes a white paper on mobile banking apps
"New Access SA, a leading provider of front office solutions to banks and financial institutions, announces the publication of a white paper on Mobile Banking Apps by David Sikorsky, Head of Market Research. Tablet apps offered to wealth management advisors are in a transition phase right now. While all research points to the fact that it will become a transformational technology for the sector, very few software solutions vendors seem to take it seriously and very few banks, outside of the US, have a clearly defined strategy. Larger IT vendors are not yet very well organized and many banks are still defining their strategies. In terms of functionality, research shows that the tablet apps will initially be used to create a better client experience and facilitate interaction between client-adviser, during account opening and account review processes.
Virtual Piggy Hires Creative Director with Mobile Banking Chops
"Virtual Piggy, the parent-controlled money management platform for children, added an experienced mobile banking designer as its new creative director of mobile design. Ivo Weevers will lead and manage the mobile consumer experience team for Virtual Piggy, a company that enables young people to make purchases under the supervision of their parents. His past work includes leading mobile design at Royal Bank of Scotland and he is a recipient of the British Interactive Media Association's Innovation Award for his work developing mobile payments technology."
Pay-What-You-Want GoBank Puts Mobile Users First
"A new player has emerged at the forefront of mobile banking with the hopes of capturing the nation's youngest banking audience and setting the tone for what it means to bank virtually. Launched to the public [recently], GoBank is the first bank designed specifically for mobile use. All functionality is available through its app, everything from opening your account to paying bills to managing your budget."
Intuit Pares Back, Refocuses with Financial Services Sale
"Intuit is selling a division that provides software to financial institutions in a deal worth about $1.03 billion as it focuses on products for consumers and small businesses. Intuit Inc., based in Mountain View, California, makes TurboTax, QuickBooks and other personal finance software. The company is still paring back its business. It also said Monday that it wants to sell a division that serves the health care industry."
"Banking with your smartphone? There’s an app for that. But some customers are finding there’s a fee for it as well. Mobile banking has grown significantly in the past couple of years. The Pew Research Center says more than half of Americans now have smartphones. Consultants at the Aite Group said in a report last year that the number of people banking on their phones will triple by 2016."
BBVA Compass economists examine mobile banking, crowdfunding, other trends in latest quarterly report
"The financial industry faces its most dramatic transformation in modern history because of increased online and mobile device usage, which will make banks more productive but also boost competition from nonbanks, BBVA Compass economists say in their latest report. This "transformation will result in a more efficient financial system that will be in a stronger position to support economic growth and wealth creation," the economists say. Every quarter, the bank's economic research team publishes its Economic Outlook, a report focused on a variety of issues that affect the U.S. as a whole as well as the Sunbelt states where BBVA Compass operates."
Key Considerations for Testing Voice Recognition in Mobile Banking Applications
"Traditionally, banks have been burdened with high regulations and slow processes. Mobile is completely changing all of that. Mobile has quickly forced banks to catch up with their customers and embrace mobile apps. According to an inforgraphic produced by analytics solutions provider FICO, one billion people are projected to use mobile banking by 2017. Banks are continually innovating and improving their mobile services and even incorporating voice recognition."
New Access publishes a white paper on mobile banking apps
"New Access SA, a leading provider of front office solutions to banks and financial institutions, announces the publication of a white paper on Mobile Banking Apps by David Sikorsky, Head of Market Research. Tablet apps offered to wealth management advisors are in a transition phase right now. While all research points to the fact that it will become a transformational technology for the sector, very few software solutions vendors seem to take it seriously and very few banks, outside of the US, have a clearly defined strategy. Larger IT vendors are not yet very well organized and many banks are still defining their strategies. In terms of functionality, research shows that the tablet apps will initially be used to create a better client experience and facilitate interaction between client-adviser, during account opening and account review processes.
Virtual Piggy Hires Creative Director with Mobile Banking Chops
"Virtual Piggy, the parent-controlled money management platform for children, added an experienced mobile banking designer as its new creative director of mobile design. Ivo Weevers will lead and manage the mobile consumer experience team for Virtual Piggy, a company that enables young people to make purchases under the supervision of their parents. His past work includes leading mobile design at Royal Bank of Scotland and he is a recipient of the British Interactive Media Association's Innovation Award for his work developing mobile payments technology."
Pay-What-You-Want GoBank Puts Mobile Users First
"A new player has emerged at the forefront of mobile banking with the hopes of capturing the nation's youngest banking audience and setting the tone for what it means to bank virtually. Launched to the public [recently], GoBank is the first bank designed specifically for mobile use. All functionality is available through its app, everything from opening your account to paying bills to managing your budget."
Intuit Pares Back, Refocuses with Financial Services Sale
"Intuit is selling a division that provides software to financial institutions in a deal worth about $1.03 billion as it focuses on products for consumers and small businesses. Intuit Inc., based in Mountain View, California, makes TurboTax, QuickBooks and other personal finance software. The company is still paring back its business. It also said Monday that it wants to sell a division that serves the health care industry."
Thursday, May 9, 2013
Mobile Banking Updates - May 9
Infographic: Mobile Banking Critical to Customer Loyalty
"The findings of new study conducted online by Harris Interactive on behalf of Yodlee Interactive shows that banking convenience “dominates” all options amongst reasons to stay with banks. With the convenience of online and mobile banking, more customers are utilizing these services, while banks are responding by reducing the number of physical branches."
Banking by Voice Gets Test From U.S. Bank
"U.S. Bank (USB_) is testing a voice-banking service that enables customers to check account balances, review transactions and pay bills solely through voice activation. For now, U.S. Bank is limiting the app test campaign to its FlexPerks Travel Rewards program and to its employees. The voice-activated technology comes from Nuance Nina Mobile, and is now limited to iPhone and Android phones."
Intuit Debuts Mobile Banking App for Android Tablets
"Intuit Financial Services has released a tablet banking app for the Android operating system. The new app lets customers check balances, transfer funds, pay bills and find branches and ATMs, Intuit (INTU) said Tuesday. The app works on all seven- and ten-inch tablets and can be downloaded through the Google or Amazon app stores. Sharon Credit Union in Massachusetts has begun offering the app to its customers, Intuit said in the news release."
Four Sure-fire Tips for Mobile Banking Security
"I’m writing this dispatch from the Pacific Coast, where I’ve just seen a fabulous-yet-disturbing documentary at the Newport Beach Film Festival. It’s called “Terms and Conditions May Apply,” and director Cullen Hoback’s movie takes a chilling look at how vulnerable we all are in this digital society. That is, “free” services such as Google, Facebook and Twitter know much more about us than you might think — and they’re holding onto that information indefinitely. They also share it at will with federal espionage services, thanks to the dense legalese written into online terms of service since 9/11 and the Patriot Act."
A year of successful mobile banking
"In just one year, BOV Mobile, the mobile banking service for smartphones introduced by Bank of Valletta, has attracted more than 11,500 customers who have collectively used their phones more than half a million times to make payments, transfer funds and to monitor their accounts. 'We view mobile banking as a natural extension of our overall channel strategy. Mobile combines the best features of online banking, the convenience of an ATM, and the responsiveness of text messaging all in the palm of your hand,' chief operations officer Michael Galea said."
Banks Must Think Differently About Customer Experience In A Branchless Digital Environment
"Banks have offered online accounts for years, but new digital banking technologies, such as mobile remote deposit capture, and a new generation of young customers are driving increased interest in digital bank accounts. Customers in their 20s and 30s have been quick to embrace mobile and online capabilities that are steadily making branches obsolete -- at least for day-to-day banking needs. The fast-paced adoption of mobile remote deposit capture to deposit checks is a recent example of this trend. "The advent of mobile remote deposit capture is eliminating the No. 1 reason for branch visits," says Teresa Epperson, a managing director at AlixPartners, a consulting firm."
How Can Businesses Help Consumers Bank Better?
"It's not easy to pay mobile phone bills with cash. Yet, 24 million households are under-banked and 91% of the underbanked have mobile phones and smartphones, according to the FDIC. With numbers like these, it makes sense for consumer businesses such as mobile carriers to help customers bank up, says Plastyc CEO Patrice Peyret. At FinovateSpring 2013 in San Francisco, Peyret will demo a new banking service platform and discuss practical insights for consumer businesses that want to provide smart, simple banking services to their customers."
American Savings Bank Dials Up Mobile Deposits and Sets Adoption Record
"Monitise plc (LSE: MONI) today announced that Hawaii-based American Savings Bank is experiencing phenomenal user adoption since the launch of its mobile banking and payments solution. As part of Monitise's Bank Anywhere mobile solution, American Savings Bank is the first Hawaiian bank to deploy mobile remote deposit capture, resulting in mobile deposits skyrocketing by 40 percent in March. In a mere four months since deployment, many of American Savings Bank's active online banking customers are already using the Bank Anywhere services developed and deployed by Monitise."
Sunday, April 7, 2013
Mobile Banking Updates - April 7
RBS Group Endures Mobile Banking Outage
"Bank divisions of The Royal Bank of Scotland Group suffered from a mobile banking app glitch for a few hours late last week. The outage affected mobile banking customers at RBS, NatWest and Ulster Bank. All three banking units took to Twitter to inform their customers about the technology issue."
Texas Trust Launches Mobile Deposit for Consumer Banking Applications
"Mobile banking has become more convenient at Texas Trust Credit Union with the introduction of mobile deposit. This new mobile banking service allows members to deposit checks in real time from anywhere, simply by taking a picture of the check with a smartphone or mobile device."
Mobile Commerce Market Shows Continued Growth, No Consensus on Mobile Payment Methods
"The report also provides a quick overview of mobile banking, which includes services such as balance inquiries, transfers, bill payments and applying for loans and credit. According to data from Forrester, by 2017 mobile banking’s user base will double to 108 million — 46 percent of all US bank account holders. Mobile automated clearinghouse rules were adopted in the US in January 2011, while a Vodafone-sponsored mobile banking service called M-Pesa helps govern mobile banking transactions in seven developing nations including India, Kenya and Tanzania."
Half of American smartphone owners use mobile banking
"Nearly half of American smartphone owners used their handsets to access financial accounts last year, according to research from the Federal Reserve Board. The FRB's poll of nearly 2600 people late last year shows that 48% of smartphone owners had used mobile banking in the previous 12 months, up from 42% in a December 2011 survey. Of all mobile phone owners, 28% had used their handsets to access a bank, credit card, or other financial accounts, up from 21%."
Regions Bank Rolls Out Innovative, New Mobile Apps That Let Customers Make Deposits, Load Pre-Paid Cards and Select Speed of Funds Availability
"Mobile Banking customers can now make deposits to their accounts using their mobile device. With the introduction of Regions Mobile Deposit, customers can now use their phone or iPad to take a photo of a check and place those funds in a consumer deposit account or load them to a Regions Now Card, a reloadable Visa® prepaid card. The Mobile Deposit service has three funds availability options – a standard option of two business days, an intermediate same day availability option, and an immediate availability option. Costs per Mobile Deposit transaction are as low as 50 cents."
Intuit Making Mint Available to Banks
"Intuit Financial Services announced today it is making popular PFM tool Mint available to financial institutions to integrate into their online and mobile banking services. Intuit, which acquired Mint in 2009, will offer the Mint integration on a limited basis in 2013, before rolling it out to its more than 1,200 financial institution clients in 2014."
"Bank divisions of The Royal Bank of Scotland Group suffered from a mobile banking app glitch for a few hours late last week. The outage affected mobile banking customers at RBS, NatWest and Ulster Bank. All three banking units took to Twitter to inform their customers about the technology issue."
Texas Trust Launches Mobile Deposit for Consumer Banking Applications
"Mobile banking has become more convenient at Texas Trust Credit Union with the introduction of mobile deposit. This new mobile banking service allows members to deposit checks in real time from anywhere, simply by taking a picture of the check with a smartphone or mobile device."
Mobile Commerce Market Shows Continued Growth, No Consensus on Mobile Payment Methods
"The report also provides a quick overview of mobile banking, which includes services such as balance inquiries, transfers, bill payments and applying for loans and credit. According to data from Forrester, by 2017 mobile banking’s user base will double to 108 million — 46 percent of all US bank account holders. Mobile automated clearinghouse rules were adopted in the US in January 2011, while a Vodafone-sponsored mobile banking service called M-Pesa helps govern mobile banking transactions in seven developing nations including India, Kenya and Tanzania."
Half of American smartphone owners use mobile banking
"Nearly half of American smartphone owners used their handsets to access financial accounts last year, according to research from the Federal Reserve Board. The FRB's poll of nearly 2600 people late last year shows that 48% of smartphone owners had used mobile banking in the previous 12 months, up from 42% in a December 2011 survey. Of all mobile phone owners, 28% had used their handsets to access a bank, credit card, or other financial accounts, up from 21%."
Regions Bank Rolls Out Innovative, New Mobile Apps That Let Customers Make Deposits, Load Pre-Paid Cards and Select Speed of Funds Availability
"Mobile Banking customers can now make deposits to their accounts using their mobile device. With the introduction of Regions Mobile Deposit, customers can now use their phone or iPad to take a photo of a check and place those funds in a consumer deposit account or load them to a Regions Now Card, a reloadable Visa® prepaid card. The Mobile Deposit service has three funds availability options – a standard option of two business days, an intermediate same day availability option, and an immediate availability option. Costs per Mobile Deposit transaction are as low as 50 cents."
Intuit Making Mint Available to Banks
"Intuit Financial Services announced today it is making popular PFM tool Mint available to financial institutions to integrate into their online and mobile banking services. Intuit, which acquired Mint in 2009, will offer the Mint integration on a limited basis in 2013, before rolling it out to its more than 1,200 financial institution clients in 2014."
Wednesday, January 2, 2013
Mobile Banking Updates - Jan 2
Intuit Survey: Mobile Banking Is Pathway to Profits
"Think digital banking is only for Gen Y and younger? Think again, think older. Much older. That is the sharp message contained in a new report from Intuit on the ongoing digital banking revolution. The other key finding: mobile banking is a pathway to profitability. An ongoing temperature reading of digital banking habits, the Intuit report is filed quarterly by the Mountain View, Calif.-based financial software company. It is filed with factoids, such as this: 'people who bank online and via their mobile and tablet devices log in about 30 times a month and are more profitable to a financial institution than those who don’t bank digitally.'"
Mobile Banking and Mitek: Business Finally Starting to "Get" B-to-C Apps
"U.S. Bank will soon up the ante in business customer service with the introduction in early 2013 of a Mobile Photo Bill Pay application for their customers. The fifth largest bank in the country will utilize technology from Mitek Systems to let bank customers set up and make bill payments by snapping a picture of their paper bill using the camera on their smartphone or tablet. Good-bye keypad."
Mobility Matters: Login-Free Mobile Banking?
"The must-add list keeps getting longer, with everything from digital wallets to mobile remote deposit capture emerging as 2013 must adds for credit unions that are determined to stay relevant. But know this: there are even more “out there” ideas that, frankly, may not be quite ready for prime time ... but they definitely deserve a spot on your watch list. Two ideas seem especially ripe to me, and both revolve around a fundamental question: How does a financial institution know who you are?"
Comarch and Alior Bank present a new quality of mobile banking
"Alior Bank has implemented the Comarch solution providing access to new channels of mobile banking for smartphones and tablets users - it is a completely new quality of customer communication with the bank that takes advantage of all capabilities of modern mobile devices. - Comarch Smart Finance is an innovative mobile banking solution, which keeps up with the latest trends in banking 2.0 and multichannel banking."
"Think digital banking is only for Gen Y and younger? Think again, think older. Much older. That is the sharp message contained in a new report from Intuit on the ongoing digital banking revolution. The other key finding: mobile banking is a pathway to profitability. An ongoing temperature reading of digital banking habits, the Intuit report is filed quarterly by the Mountain View, Calif.-based financial software company. It is filed with factoids, such as this: 'people who bank online and via their mobile and tablet devices log in about 30 times a month and are more profitable to a financial institution than those who don’t bank digitally.'"
Mobile Banking and Mitek: Business Finally Starting to "Get" B-to-C Apps
"U.S. Bank will soon up the ante in business customer service with the introduction in early 2013 of a Mobile Photo Bill Pay application for their customers. The fifth largest bank in the country will utilize technology from Mitek Systems to let bank customers set up and make bill payments by snapping a picture of their paper bill using the camera on their smartphone or tablet. Good-bye keypad."
Mobility Matters: Login-Free Mobile Banking?
"The must-add list keeps getting longer, with everything from digital wallets to mobile remote deposit capture emerging as 2013 must adds for credit unions that are determined to stay relevant. But know this: there are even more “out there” ideas that, frankly, may not be quite ready for prime time ... but they definitely deserve a spot on your watch list. Two ideas seem especially ripe to me, and both revolve around a fundamental question: How does a financial institution know who you are?"
Comarch and Alior Bank present a new quality of mobile banking
"Alior Bank has implemented the Comarch solution providing access to new channels of mobile banking for smartphones and tablets users - it is a completely new quality of customer communication with the bank that takes advantage of all capabilities of modern mobile devices. - Comarch Smart Finance is an innovative mobile banking solution, which keeps up with the latest trends in banking 2.0 and multichannel banking."
Thursday, June 28, 2012
Mobile Banking Updates - Jun 28
Star One Credit Union Partners with Tyfone to Deliver Best in Class Mobile Banking
"Star One Credit Union, the ninth largest credit union in the U.S. with more than $6.0 billion in assets, today announced the availability of its Tyfone powered mobile services to its more than 89,000 members worldwide. Star One partnered with Tyfone to bring industry leading mobile banking services to its members, including Fiserv XP2 core integrated mobile banking, enhanced strong ID authentication mobile security and a seamless path to NFC contactless payment technology."
Personetics Crowned "Mobile Solution Provider of the Year"
"Personetics, a leading provider of consumer interactions technologies to the financial services marketplace, announced that it was selected as the 2012 Mobile Solution Provider of the Year at the 6th Annual Mobile Banking & Commerce Summit. This year, the summit attracted more than 600 senior-level financial services decision makers, solution providers and industry trendsetters for two days of intense networking and workshops. The Summit, presented by American Banker, BTN, Mobile Banker and PaymentsSource, focused on mobile banking usability and the customer experience."
BBVA Compass introduces enhanced iPad app at mobile banking summit
"BBVA Compass introduced version 2.0 of its iPad app Monday at American Banker's Mobile Banking and Commerce Summit in San Francisco. The free app, which will be available at the end of the month, follows in the footsteps of the bank's iPhone app, offering direct enrollment to mobile banking as well as first-to-market features such as free access to weekly economic updates from BBVA Research. It also allows users to pay bills and view check images, transaction receipts, account statements and charts, along with cash flow and pie charts of bill payments."
Intuit Launches Mobile Banking Purchase Rewards for iPhone and Android
"Intuit Financial Services’ new Mobile Purchase Rewards feature for mobile devices lets customers turn their smartphone into a savings tool. Armed with the new mobile banking feature offered by their bank or credit union, consumers can receive and activate customized merchant-funded discounts or rewards that are based on their personal buying habits. Customers then simply swipe their bank- or credit union-provided ATM/debit card to redeem and save money. No coupons. No fuss. The savings are then automatically deposited back in the customer’s checking account at the end of each month."
Clairmail Honored With Frost & Sullivan Customer Value Enhancement Award
"Clairmail, Inc., the leader in mobile banking and payment solutions, today announced it has received the prestigious 2012 Award for Customer Value Enhancement in the Mobile Banking and Payments Services industry from Frost & Sullivan. The award is earned by a company that demonstrates excellence in implementing strategies that proactively create value for Financial Institutions (FIs) with a focus on improving the return on the investment that FIs make in their services or products."
Jack Henry Banking Introduces iBizManager
"Jack Henry & Associates, Inc. JKHY -0.03% is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Its Jack Henry Banking(TM) division announced today the availability of iBizManager(TM), the latest addition to its extensive offering of Internet and mobile banking solutions."
Depositing Checks Using Smartphones is Growing With Mountain America Credit Union's Mobile Deposit App
"Taking a picture of a check with your mobile phone and having it deposited into your account within seconds seems like it would require bleeding-edge technology only available to select national bank customers. But Mountain America Credit Union has been offering the service to its members for nearly a year, and its use has been growing. Though not yet offered by many local financial institutions, Mountain America introduced the mobile deposit feature of its mobile banking smartphone app in July 2011 and has since seen mobile check deposits increase more than 1,800 percent."
"Star One Credit Union, the ninth largest credit union in the U.S. with more than $6.0 billion in assets, today announced the availability of its Tyfone powered mobile services to its more than 89,000 members worldwide. Star One partnered with Tyfone to bring industry leading mobile banking services to its members, including Fiserv XP2 core integrated mobile banking, enhanced strong ID authentication mobile security and a seamless path to NFC contactless payment technology."
Personetics Crowned "Mobile Solution Provider of the Year"
"Personetics, a leading provider of consumer interactions technologies to the financial services marketplace, announced that it was selected as the 2012 Mobile Solution Provider of the Year at the 6th Annual Mobile Banking & Commerce Summit. This year, the summit attracted more than 600 senior-level financial services decision makers, solution providers and industry trendsetters for two days of intense networking and workshops. The Summit, presented by American Banker, BTN, Mobile Banker and PaymentsSource, focused on mobile banking usability and the customer experience."
BBVA Compass introduces enhanced iPad app at mobile banking summit
"BBVA Compass introduced version 2.0 of its iPad app Monday at American Banker's Mobile Banking and Commerce Summit in San Francisco. The free app, which will be available at the end of the month, follows in the footsteps of the bank's iPhone app, offering direct enrollment to mobile banking as well as first-to-market features such as free access to weekly economic updates from BBVA Research. It also allows users to pay bills and view check images, transaction receipts, account statements and charts, along with cash flow and pie charts of bill payments."
Intuit Launches Mobile Banking Purchase Rewards for iPhone and Android
"Intuit Financial Services’ new Mobile Purchase Rewards feature for mobile devices lets customers turn their smartphone into a savings tool. Armed with the new mobile banking feature offered by their bank or credit union, consumers can receive and activate customized merchant-funded discounts or rewards that are based on their personal buying habits. Customers then simply swipe their bank- or credit union-provided ATM/debit card to redeem and save money. No coupons. No fuss. The savings are then automatically deposited back in the customer’s checking account at the end of each month."
Clairmail Honored With Frost & Sullivan Customer Value Enhancement Award
"Clairmail, Inc., the leader in mobile banking and payment solutions, today announced it has received the prestigious 2012 Award for Customer Value Enhancement in the Mobile Banking and Payments Services industry from Frost & Sullivan. The award is earned by a company that demonstrates excellence in implementing strategies that proactively create value for Financial Institutions (FIs) with a focus on improving the return on the investment that FIs make in their services or products."
Jack Henry Banking Introduces iBizManager
"Jack Henry & Associates, Inc. JKHY -0.03% is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Its Jack Henry Banking(TM) division announced today the availability of iBizManager(TM), the latest addition to its extensive offering of Internet and mobile banking solutions."
Depositing Checks Using Smartphones is Growing With Mountain America Credit Union's Mobile Deposit App
"Taking a picture of a check with your mobile phone and having it deposited into your account within seconds seems like it would require bleeding-edge technology only available to select national bank customers. But Mountain America Credit Union has been offering the service to its members for nearly a year, and its use has been growing. Though not yet offered by many local financial institutions, Mountain America introduced the mobile deposit feature of its mobile banking smartphone app in July 2011 and has since seen mobile check deposits increase more than 1,800 percent."
Sunday, February 19, 2012
Mobile Banking Updates - Feb 19
Barclays introduces Pingit - Mobile Banking app that lets you transfer money via text
"Barclays have release a mobile banking app called Pingit for BlackBerry smartphones. While a lot banks have been releasing apps where you can view your bank balance as well as transfer money, you could only do this between your own accounts. The Barclays Pingit app goes a step further and allows you to send money to other Barclay customers as well as non-Barclay customers. Better yet transfering money is as easy as sending a text."
Research and Markets: 2011 Mobile Banking Financial Institution Scorecard: Money Begins to Move on Mobile
"Consumer satisfaction with mobile banking is high and adoption is soaring as financial institutions move beyond mobile monitoring and into money movement with mobile P2P transfers and mobile remote deposit capture offerings. Javelin's third Mobile Banking Scorecard examines the 23 mobile banking offerings of the 25 largest retail banking financial institutions measured by deposits."
Intuit Releases iPad Banking App
"This week Intuit Financial Services announced the availability of its iPad application for banking. Banks and credit unions can offer the app to their customers under their own brand names through the Apple iTunes store. The Intuit Tablet Banking app for the iPad is similar to the company's mobile banking offerings for smartphones, but it takes advantage of the iPad's large screen by offering more robust graphics and interactivity."
The Data Digest: Mobile Banking Uptake
"The New York Times recently published an article based on a Forrester report (Mobile Is The New Face Of Engagement) about the uptake of smartphones worldwide in the years to come. And for 2011 it was estimated that just under 500 million smartphones were shipped. Knowing the drivers behind the growth of smartphones gives businesses confidence in mobile technology investment — even when uptake is currently still limited."
"Barclays have release a mobile banking app called Pingit for BlackBerry smartphones. While a lot banks have been releasing apps where you can view your bank balance as well as transfer money, you could only do this between your own accounts. The Barclays Pingit app goes a step further and allows you to send money to other Barclay customers as well as non-Barclay customers. Better yet transfering money is as easy as sending a text."
Research and Markets: 2011 Mobile Banking Financial Institution Scorecard: Money Begins to Move on Mobile
"Consumer satisfaction with mobile banking is high and adoption is soaring as financial institutions move beyond mobile monitoring and into money movement with mobile P2P transfers and mobile remote deposit capture offerings. Javelin's third Mobile Banking Scorecard examines the 23 mobile banking offerings of the 25 largest retail banking financial institutions measured by deposits."
Intuit Releases iPad Banking App
"This week Intuit Financial Services announced the availability of its iPad application for banking. Banks and credit unions can offer the app to their customers under their own brand names through the Apple iTunes store. The Intuit Tablet Banking app for the iPad is similar to the company's mobile banking offerings for smartphones, but it takes advantage of the iPad's large screen by offering more robust graphics and interactivity."
The Data Digest: Mobile Banking Uptake
"The New York Times recently published an article based on a Forrester report (Mobile Is The New Face Of Engagement) about the uptake of smartphones worldwide in the years to come. And for 2011 it was estimated that just under 500 million smartphones were shipped. Knowing the drivers behind the growth of smartphones gives businesses confidence in mobile technology investment — even when uptake is currently still limited."
Monday, November 7, 2011
Mobile Banking Updates - Nov 7
Consumers Want to Bank by Tablet: Survey
"Consumer demand for tablets, tablet apps and banking via a tablet computer such as an iPad is high, according to a survey of 3,000 mobile phone users around the world that Oracle released this week. Smart phones are the reigning mobile device — nearly 70% of mobile users have them. But 16% of mobile customers around the world have bought a tablet computer and another 41% plan to purchase one in the next 12 months."
Huntington Bank Unveils iPad App
"Huntington Bank has launched a native iPad application that extends the bank account access across more mobile channels.
The Huntington Mobile for iPad app made its first appearance in the Apple App Store yesterday and it’s offering the same mobile banking capabilities as the iPhone version, except they’re experienced through a much larger screen."
Advantages of Integrating Mobile Banking into Banking Habits
"With banks striving to improve their online and mobile presence as best they can, some even promote themselves based on their mobile apps. Students have the biggest advantage in this arena. As a young adult well versed in technology and mobile activities, the advancements that companies introduce are really geared toward you. Therefore, you should learn how to best implement mobile banking into your banking habits."
Intuit Survey: Mobile Banking to Explode
"More smartphones in more hands add up to a looming explosion in mobile banking. That is the vivid conclusion of a new report issued by Intuit Financial Services, the Intuit group that develops products to get credit unions and banks online and mobile. An important finding in the research is that generations matter when it comes to mobile banking: 18-32 year olds are three times more likely to adopt mobile banking than older users are."
"Consumer demand for tablets, tablet apps and banking via a tablet computer such as an iPad is high, according to a survey of 3,000 mobile phone users around the world that Oracle released this week. Smart phones are the reigning mobile device — nearly 70% of mobile users have them. But 16% of mobile customers around the world have bought a tablet computer and another 41% plan to purchase one in the next 12 months."
Huntington Bank Unveils iPad App
"Huntington Bank has launched a native iPad application that extends the bank account access across more mobile channels.
The Huntington Mobile for iPad app made its first appearance in the Apple App Store yesterday and it’s offering the same mobile banking capabilities as the iPhone version, except they’re experienced through a much larger screen."
Advantages of Integrating Mobile Banking into Banking Habits
"With banks striving to improve their online and mobile presence as best they can, some even promote themselves based on their mobile apps. Students have the biggest advantage in this arena. As a young adult well versed in technology and mobile activities, the advancements that companies introduce are really geared toward you. Therefore, you should learn how to best implement mobile banking into your banking habits."
Intuit Survey: Mobile Banking to Explode
"More smartphones in more hands add up to a looming explosion in mobile banking. That is the vivid conclusion of a new report issued by Intuit Financial Services, the Intuit group that develops products to get credit unions and banks online and mobile. An important finding in the research is that generations matter when it comes to mobile banking: 18-32 year olds are three times more likely to adopt mobile banking than older users are."
Tuesday, October 4, 2011
Mobile Banking Updates - Oct 4
SMS Text, mWeb or Downloadable App – Which Deserves the Crown?
"We are in the process of finishing up our annual mobile banking vendor scorecard and we’ve seen some surprising findings come out of the process. One of the questions we asked vendors is: What is the average number of transactions per user per month (across the entire customer/channel base in the US) by mode? Answers varied by vendor but a pattern definitely emerged: In 2011, U.S. mobile banking vendors awarded the crown to the downloadable app based on average number of consumer transactions per month."
Sungard to Unveil Retail Mobile Banking Platform by Yearend
"Sungard, one of the world’s largest software companies, has taken a dramatic turn toward banking innovation.
The company, which counts financial services software as one of its pillar businesses and generates more than $5 billion in annual revenue, launched an Innovation Lab based in Singapore about a year ago, and Sungard tells Bank Innovation that one of the lab’s first byproducts will hit the market this year: a retail mobile banking platform. Sungard expects the first “go lives” for the product in the first quarter of 2012."
SelectCore Launches First Mobile Banking App for Iridium MasterCard
"SelectCore Ltd., a prepaid telecom and financial services transaction processor for the under-banked consumer market, is pleased to announce the launch of the Company's first mobile banking app for Iridium MasterCard. The Company's first generation Blackberry app is available free of charge to registered Iridium Cardholders. The app is secure, easy to use and can be downloaded instantly from the cardholder's online account."
PaymentOne Corporation Announces Industry-First Mobile Banking Program, PayOne FastPay
"PaymentOne Corporation, a global player in mobile payments, recently introduced an industry-first mobile payments program, PayOne FastPay, which guarantees disbursements to merchants in as fast as seven days. Merchants and publishers often used to get frustrated by extended wait periods to receive their cash from mobile payments providers. This new program will help them by dramatically reducing the typical 60-90 day waiting period for payouts required by carriers and other mobile payment vendors."
Intuit Shows Off New Mobile Tools for Business
"Intuit dominates small-business accounting with its Quickbooks software, but the company is also working on tools to help managers of small and medium-size businesses do more from smartphones and tablets when they are away from the office. During its Innovation Gallery Walk last week in Mountain View, California, Intuit showed off several new apps for small-business owners to manage their finances and get things done on the go. For many of the apps demonstrated, Intuit's focus was on creating a "mobile first" approach. Here’s a look at some of the highlights."
"We are in the process of finishing up our annual mobile banking vendor scorecard and we’ve seen some surprising findings come out of the process. One of the questions we asked vendors is: What is the average number of transactions per user per month (across the entire customer/channel base in the US) by mode? Answers varied by vendor but a pattern definitely emerged: In 2011, U.S. mobile banking vendors awarded the crown to the downloadable app based on average number of consumer transactions per month."
Sungard to Unveil Retail Mobile Banking Platform by Yearend
"Sungard, one of the world’s largest software companies, has taken a dramatic turn toward banking innovation.
The company, which counts financial services software as one of its pillar businesses and generates more than $5 billion in annual revenue, launched an Innovation Lab based in Singapore about a year ago, and Sungard tells Bank Innovation that one of the lab’s first byproducts will hit the market this year: a retail mobile banking platform. Sungard expects the first “go lives” for the product in the first quarter of 2012."
SelectCore Launches First Mobile Banking App for Iridium MasterCard
"SelectCore Ltd., a prepaid telecom and financial services transaction processor for the under-banked consumer market, is pleased to announce the launch of the Company's first mobile banking app for Iridium MasterCard. The Company's first generation Blackberry app is available free of charge to registered Iridium Cardholders. The app is secure, easy to use and can be downloaded instantly from the cardholder's online account."
PaymentOne Corporation Announces Industry-First Mobile Banking Program, PayOne FastPay
"PaymentOne Corporation, a global player in mobile payments, recently introduced an industry-first mobile payments program, PayOne FastPay, which guarantees disbursements to merchants in as fast as seven days. Merchants and publishers often used to get frustrated by extended wait periods to receive their cash from mobile payments providers. This new program will help them by dramatically reducing the typical 60-90 day waiting period for payouts required by carriers and other mobile payment vendors."
Intuit Shows Off New Mobile Tools for Business
"Intuit dominates small-business accounting with its Quickbooks software, but the company is also working on tools to help managers of small and medium-size businesses do more from smartphones and tablets when they are away from the office. During its Innovation Gallery Walk last week in Mountain View, California, Intuit showed off several new apps for small-business owners to manage their finances and get things done on the go. For many of the apps demonstrated, Intuit's focus was on creating a "mobile first" approach. Here’s a look at some of the highlights."
Tuesday, June 28, 2011
Mobile Banking Updates - Jun 28
U.S. Bank's Venturo: Mobile Banker of the Year
"Dominic Venturo, chief innovation officer for U.S. Bank, talks about the value of real-time text alerts to mobile banking customers, and about how his company is taking what it has learned about mobile banking and applying those lessons to its prepaid business, which late last year introduced the first mobile app of its kind."
Intuit Buys Mobile Money Ventures Platform to Bolster Mobile Banking Capabilities
"Intuit Inc. (Nasdaq:INTU) today announced it has acquired mobile Web banking technology assets from Mobile Money Ventures, or MMV, a leading global provider of next-generation mobile financial solutions. This transaction bolsters Intuit Financial Services’ position as a leading online and mobile technology provider to financial institutions. Intuit will be able to directly manage customer support and will have full control over the design of its mobile Web banking solutions. The acquired assets will also help the company bring new innovations to financial institution customers faster."
Cloud & Mobile: Vendor Weak Points
"Cloud computing and mobile banking are two vendor management program areas that have opened up a wide range of security issues, says the FDIC's Donald Saxinger. And in the wake of such high-level breaches like Citigroup and Epsilon, financial institutions need to look at their vendor programs, risk assessment plans and service level agreements carefully."
One size doesn't fit all for mobile ...
"Mobile banking is on its way and if recent developments are to go by, it is in fact fast approaching. Indeed, banks that want to keep up with the pace will need to start thinking about, if they haven’t already, which technologies they want to invest in to enable them to deliver mobile banking services. I read an article recently that featured comments from SWIFT stating the opportunity for banks to use a shared platform for mobile banking. Swift's head of innovation, Kosta Peric said that past experience in online banking where the UK banks developed in-house solutions proved that there were cost savings in sharing a mobile banking service."
"Dominic Venturo, chief innovation officer for U.S. Bank, talks about the value of real-time text alerts to mobile banking customers, and about how his company is taking what it has learned about mobile banking and applying those lessons to its prepaid business, which late last year introduced the first mobile app of its kind."
Intuit Buys Mobile Money Ventures Platform to Bolster Mobile Banking Capabilities
"Intuit Inc. (Nasdaq:INTU) today announced it has acquired mobile Web banking technology assets from Mobile Money Ventures, or MMV, a leading global provider of next-generation mobile financial solutions. This transaction bolsters Intuit Financial Services’ position as a leading online and mobile technology provider to financial institutions. Intuit will be able to directly manage customer support and will have full control over the design of its mobile Web banking solutions. The acquired assets will also help the company bring new innovations to financial institution customers faster."
Cloud & Mobile: Vendor Weak Points
"Cloud computing and mobile banking are two vendor management program areas that have opened up a wide range of security issues, says the FDIC's Donald Saxinger. And in the wake of such high-level breaches like Citigroup and Epsilon, financial institutions need to look at their vendor programs, risk assessment plans and service level agreements carefully."
One size doesn't fit all for mobile ...
"Mobile banking is on its way and if recent developments are to go by, it is in fact fast approaching. Indeed, banks that want to keep up with the pace will need to start thinking about, if they haven’t already, which technologies they want to invest in to enable them to deliver mobile banking services. I read an article recently that featured comments from SWIFT stating the opportunity for banks to use a shared platform for mobile banking. Swift's head of innovation, Kosta Peric said that past experience in online banking where the UK banks developed in-house solutions proved that there were cost savings in sharing a mobile banking service."
Tuesday, June 21, 2011
Mobile Banking Vendor Updates
Fiserv Touts Doubling of Mobile Money Clients
"Fiserv Inc. said Monday that it now has more than 375 financial institutions committed to its Mobile Money solution. The company said that includes nearly 200 credit unions and banks that have gone live on the service, more than twice as many as a year earlier. End-user adoption, meanwhile, has grown more than 600% in the last six months, the Brookfield, Wis., company said."
Visa makes two moves into mobile banking
"Visa announced two moves into mobile banking Thursday, buying a company that makes software for mobile banking users in Africa, Asia and the Middle East, and striking an agreement with another company that works with bank customers."
Clairmail Joins the RSA Secured® Partner Program to Provide Secure Access to Mobile Banking Offering
"The NetBank social media team on Twitter have been busy diverting bewildered customers to its mobile banking service and telephone call centres as the ongoing glitch continued overnight, disrupting the processing of transfers, bill payments and international money transfers from the bank's online site. The bank, which is in the middle of a $1.1 billion core banking system upgrade, has suffered numerous technical problems over the past year."
Mobile Check Deposit Cited as No. 1 Mobile Feature for Motivating Consumers to Switch Primary Banks, According to New Independent Research Study
"Mitek Systems, Inc. (OTC: MITK.OB; www.miteksystems.com), is citing new independent research reported by Mercatus LLC, a leading financial services strategy firm in Boston, that finds mobile check deposit ranks as the top mobile-banking feature that would prompt consumers to switch primary banks."
mFoundry Passes 400 Customer Milestone
"mFoundry, the fastest growing provider of SaaS-based mobile banking and payment solutions, today announced more than 400 U.S. financial institutions have selected mBanking, the company's flagship mobile banking and payments solution."
At Intuit, Mobile Account Access Gets a Push from Payments
"Intuit Inc. says momentum in mobile payments sparked by Google Inc. and the carrier venture Isis has boosted its own mobile banking business. The recent announcements from rivals have fueled "strong" interest in Intuit's latest mobile offerings, particularly demand for mobile account-management services among its core small and midsized bank customers, John Flora, Intuit Financial Services' group product manager, said in an interview."
"Fiserv Inc. said Monday that it now has more than 375 financial institutions committed to its Mobile Money solution. The company said that includes nearly 200 credit unions and banks that have gone live on the service, more than twice as many as a year earlier. End-user adoption, meanwhile, has grown more than 600% in the last six months, the Brookfield, Wis., company said."
Visa makes two moves into mobile banking
"Visa announced two moves into mobile banking Thursday, buying a company that makes software for mobile banking users in Africa, Asia and the Middle East, and striking an agreement with another company that works with bank customers."
Clairmail Joins the RSA Secured® Partner Program to Provide Secure Access to Mobile Banking Offering
"The NetBank social media team on Twitter have been busy diverting bewildered customers to its mobile banking service and telephone call centres as the ongoing glitch continued overnight, disrupting the processing of transfers, bill payments and international money transfers from the bank's online site. The bank, which is in the middle of a $1.1 billion core banking system upgrade, has suffered numerous technical problems over the past year."
Mobile Check Deposit Cited as No. 1 Mobile Feature for Motivating Consumers to Switch Primary Banks, According to New Independent Research Study
"Mitek Systems, Inc. (OTC: MITK.OB; www.miteksystems.com), is citing new independent research reported by Mercatus LLC, a leading financial services strategy firm in Boston, that finds mobile check deposit ranks as the top mobile-banking feature that would prompt consumers to switch primary banks."
mFoundry Passes 400 Customer Milestone
"mFoundry, the fastest growing provider of SaaS-based mobile banking and payment solutions, today announced more than 400 U.S. financial institutions have selected mBanking, the company's flagship mobile banking and payments solution."
At Intuit, Mobile Account Access Gets a Push from Payments
"Intuit Inc. says momentum in mobile payments sparked by Google Inc. and the carrier venture Isis has boosted its own mobile banking business. The recent announcements from rivals have fueled "strong" interest in Intuit's latest mobile offerings, particularly demand for mobile account-management services among its core small and midsized bank customers, John Flora, Intuit Financial Services' group product manager, said in an interview."
Thursday, May 19, 2011
Mobile Payments - May 19
Visa Unveils Next Generation Electronic Payments and Services
"Visa Inc., a global leader in electronic payments, today announced the next generation of payments solutions that will replicate the ease, reliability and security of Visa point-of-sale payments within traditional and digital eCommerce, mobile commerce and burgeoning social networking commerce environments. New offerings are expected to include a secure cross-channel digital wallet and a range of customized mobile payments services that address the specific requirements of geographic markets around the world."
Mocapay Launches Branded Payment Card Integration in Mobile Wallet
"Mocapay today announced the integration of association branded cards into its mobile wallet through the VeriFone PAYMEDIA solution. Through this partnership, Mocapay merchants will benefit from an additional payment type, the ability to learn critical demographic information about their target consumer, and the ability to engage one-on-one with their customers through Mocapay’s integrated mobile marketing database."
Intuit eyes NFC for mobile payment system
"Intuit wants to give its customers a glimpse of the future of mobile payments through an adaptation of its GoPayment service that eliminates the need for credit cards. Tapping into the growing field of NFC (near-field communication) technology, Intuit's reimagined GoPayment service would let consumers wirelessly pay for items on the go through just a touch of an NFC-enabled cell phone."
3 Reasons Mobile Payments Might Not Be Ready
"Mobile payment technology is generating about as much buzz as a typical Apple product release lately. NFC and mobile payment info is such a sexy topic, that just about every other day, we’ll see an article telling us to throw our wallets away forever. But wait, you may want to hold on to your bi-folds because it may be another few years before we adopt mobile payments on a mass level."
"Visa Inc., a global leader in electronic payments, today announced the next generation of payments solutions that will replicate the ease, reliability and security of Visa point-of-sale payments within traditional and digital eCommerce, mobile commerce and burgeoning social networking commerce environments. New offerings are expected to include a secure cross-channel digital wallet and a range of customized mobile payments services that address the specific requirements of geographic markets around the world."
Mocapay Launches Branded Payment Card Integration in Mobile Wallet
"Mocapay today announced the integration of association branded cards into its mobile wallet through the VeriFone PAYMEDIA solution. Through this partnership, Mocapay merchants will benefit from an additional payment type, the ability to learn critical demographic information about their target consumer, and the ability to engage one-on-one with their customers through Mocapay’s integrated mobile marketing database."
Intuit eyes NFC for mobile payment system
"Intuit wants to give its customers a glimpse of the future of mobile payments through an adaptation of its GoPayment service that eliminates the need for credit cards. Tapping into the growing field of NFC (near-field communication) technology, Intuit's reimagined GoPayment service would let consumers wirelessly pay for items on the go through just a touch of an NFC-enabled cell phone."
3 Reasons Mobile Payments Might Not Be Ready
"Mobile payment technology is generating about as much buzz as a typical Apple product release lately. NFC and mobile payment info is such a sexy topic, that just about every other day, we’ll see an article telling us to throw our wallets away forever. But wait, you may want to hold on to your bi-folds because it may be another few years before we adopt mobile payments on a mass level."
Sunday, February 21, 2010
MShift Sues DI Over Mobile Patent
"MShift, Inc. today announced the filing of a patent infringement action against Digital Insight Corporation, a wholly owned subsidiary of Intuit Corp., as well as against Community Trust Financial Corporation and Community Trust Bank. The action, filed in the United States District Court in the Northern District of California, asserts that the mobile banking technology Digital Insight is providing its customers, such as Community Trust Bank, infringes on MShift's United States Patent No. 6,950,881 (the '881 Patent').
The '881 Patent' is entitled a 'System for Converting Wireless Communications for a Mobile Device' and was awarded to MShift on September 27, 2005. The '881 Patent' is a fundamental patent that covers communications between a mobile device and a network site. The inventions of the '881 Patent' enable mobile devices such as Smartphones to access network sites such as online or home banking sites by means of a conversion and adaptation engine which performs translations between the language of the network site (e.g. HTML) and the language supported by the mobile device (e.g., WAP, HDML, HTML) as required. By dynamically adapting and configuring data from one or more sources for presentation and use via mobile phones, the '881 Patent' describes an innovative conversion engine that defines the modern mobile banking experience." >> Continue Reading
The '881 Patent' is entitled a 'System for Converting Wireless Communications for a Mobile Device' and was awarded to MShift on September 27, 2005. The '881 Patent' is a fundamental patent that covers communications between a mobile device and a network site. The inventions of the '881 Patent' enable mobile devices such as Smartphones to access network sites such as online or home banking sites by means of a conversion and adaptation engine which performs translations between the language of the network site (e.g. HTML) and the language supported by the mobile device (e.g., WAP, HDML, HTML) as required. By dynamically adapting and configuring data from one or more sources for presentation and use via mobile phones, the '881 Patent' describes an innovative conversion engine that defines the modern mobile banking experience." >> Continue Reading
Tuesday, August 4, 2009
Mobile Banking Updates - Aug 4
Payments the new competition battleground in banking
"Today’s announcement by Woolworths that it is to move into mobile telco services with Optus paves the way for the retailer to offer debit and/or loyalty card products via mobile devices. It’s no secret that Woolworths has ambition to issue more cards, and since it wound down its EzyBanking relationship with the Commonwealth Bank, it has embarked on a relationship with HSBC to issue financial products, including the Everyday Money credit card."
Intuit GoPayment for iPhone Now Available on iTunes App Store
"Intuit has announced that its Intuit GoPayment application - providing the ability to process credit card payments using an iPhone or iPod touch - is now available on the iTunes App Store. According to Intuit, 'the free download turns iPhone or iPod touch into an affordable and hassle-free credit card terminal.'"
MoneyGram, Affinity Global Services Launch Mobile Money Transfer Service
"MoneyGram International and Affinity Global Services have announced an agreement 'that will enable mobile money transfer receives in important markets around the globe, bringing greater convenience and extending the benefits of MoneyGram services to a new category of consumers. The MoneyGram and Affinity Global Services alliance will allow consumers to use MoneyGram’s agent network of over 180,000 locations around the world to send money to an account associated with a mobile device.'"
Securing Mobile Payments - It's Still Early
"Mobile payments are exciting, no question about it. The very idea of allowing consumers to buy stuff anywhere, at any time, with the touch of a button, gets retail, banking and communications executives to the point where you almost have to hose them down. So, what better way to ruin the party than to bring up security and compliance issues?"
Western Union Moves to Further its Mobile Presence
"As Western Union's (Englewood, Colo.) offerings widen to the mobile channel, it decided to launch an initiative that it says will help strengthen the brand and present a more consistent feel to its users worldwide. The Digital Vendor Program is intended to extend the reach and accessibility of Western Union Money Transfer services to mobile finance initiatives in Latin America, Africa, the Middle East and Asia."
Apple iPhone can be hacked via SMS system invisibly for a user
"Security experts at the Black Hat conference in Las Vegas, one of the world`s top forums for exchanging information on computer security threats, said that iPhones are not entirely secure and warned Apple of flaws that hackers can exploit to take control of the popular device, using the tactic for identity theft and other crimes."
Payment via mobile catches on
"PAYMENT through mobile phones is fast catching on in Malaysia, thanks to the high mobile penetration rate and quest for convenience. Realising this, many banks are making a beeline to offer mobile payment services."
"Today’s announcement by Woolworths that it is to move into mobile telco services with Optus paves the way for the retailer to offer debit and/or loyalty card products via mobile devices. It’s no secret that Woolworths has ambition to issue more cards, and since it wound down its EzyBanking relationship with the Commonwealth Bank, it has embarked on a relationship with HSBC to issue financial products, including the Everyday Money credit card."
Intuit GoPayment for iPhone Now Available on iTunes App Store
"Intuit has announced that its Intuit GoPayment application - providing the ability to process credit card payments using an iPhone or iPod touch - is now available on the iTunes App Store. According to Intuit, 'the free download turns iPhone or iPod touch into an affordable and hassle-free credit card terminal.'"
MoneyGram, Affinity Global Services Launch Mobile Money Transfer Service
"MoneyGram International and Affinity Global Services have announced an agreement 'that will enable mobile money transfer receives in important markets around the globe, bringing greater convenience and extending the benefits of MoneyGram services to a new category of consumers. The MoneyGram and Affinity Global Services alliance will allow consumers to use MoneyGram’s agent network of over 180,000 locations around the world to send money to an account associated with a mobile device.'"
Securing Mobile Payments - It's Still Early
"Mobile payments are exciting, no question about it. The very idea of allowing consumers to buy stuff anywhere, at any time, with the touch of a button, gets retail, banking and communications executives to the point where you almost have to hose them down. So, what better way to ruin the party than to bring up security and compliance issues?"
Western Union Moves to Further its Mobile Presence
"As Western Union's (Englewood, Colo.) offerings widen to the mobile channel, it decided to launch an initiative that it says will help strengthen the brand and present a more consistent feel to its users worldwide. The Digital Vendor Program is intended to extend the reach and accessibility of Western Union Money Transfer services to mobile finance initiatives in Latin America, Africa, the Middle East and Asia."
Apple iPhone can be hacked via SMS system invisibly for a user
"Security experts at the Black Hat conference in Las Vegas, one of the world`s top forums for exchanging information on computer security threats, said that iPhones are not entirely secure and warned Apple of flaws that hackers can exploit to take control of the popular device, using the tactic for identity theft and other crimes."
Payment via mobile catches on
"PAYMENT through mobile phones is fast catching on in Malaysia, thanks to the high mobile penetration rate and quest for convenience. Realising this, many banks are making a beeline to offer mobile payment services."
Monday, May 4, 2009
Mobile Banking Updates - May 4
Dubai Islamic Bank Enhances Mobile Banking Services
"Dubai Islamic Bank (DIB) has unveiled its enhanced mobile banking offerings in a move to provide greater banking convenience to customers. The all-new Al Islami mobile banking service enables customers to use the SMS facility for all banking transactions, bill payments, request information or receive alerts."
Kenya's Central Bank to push for new banking rules
"The Central Bank of Kenya is pushing for policy guidelines that will enhance the regulatory framework of branchless banking. This the bank says has been formed out of the increasing Information Communication and Technology based banking services that continues to be made available for customers. According to Mr Cassian Nyanjua, an assistant director banking supervision at the bank, new regulations are also supposed to enhance the stability and safety."
Intuit's Quicken Online Releases Native iPhone App
"Yesterday, Intuit launched its first native app for the iPhone, Quicken Online Mobile. It's already risen to number four in the Finance category (note 1), and will likely hit number one given the number of Intuit fans using the iPhone. Currently, E*Trade's new Mobile Pro claims the top spot."
Fidelity National Information Services Tops New ABI Research Mobile Banking Vendor Matrix Ranking
"Fidelity National Information Services has been ranked at the top of the latest Vendor Matrix released by ABI Research. Fiserv and Sybase claimed the second and third spots in the company's new evaluation of worldwide mobile banking vendors."
First 2D bar code on book links to Amazon.com
"A new book on digital branding includes a 2D mobile bar code on its back cover that connects directly to the title’s page on Amazon’s mobile Web site. 'BrandDigital: Simple Ways Top Brands Succeed in the Digital World,' by branding expert Allen Adamson, is the first book to be sold in North America that includes an EZcode—a 2D bar code—to sell the title via the mobile device."
Professional Bank® Offers Mobile Banking
"Professional Bank®, a South Florida-based “relationship bank” dedicated to providing customized banking services for professionals and business executives, announces its Mobile Banking and Zero Fee ATM value-added services."
"Dubai Islamic Bank (DIB) has unveiled its enhanced mobile banking offerings in a move to provide greater banking convenience to customers. The all-new Al Islami mobile banking service enables customers to use the SMS facility for all banking transactions, bill payments, request information or receive alerts."
Kenya's Central Bank to push for new banking rules
"The Central Bank of Kenya is pushing for policy guidelines that will enhance the regulatory framework of branchless banking. This the bank says has been formed out of the increasing Information Communication and Technology based banking services that continues to be made available for customers. According to Mr Cassian Nyanjua, an assistant director banking supervision at the bank, new regulations are also supposed to enhance the stability and safety."
Intuit's Quicken Online Releases Native iPhone App
"Yesterday, Intuit launched its first native app for the iPhone, Quicken Online Mobile. It's already risen to number four in the Finance category (note 1), and will likely hit number one given the number of Intuit fans using the iPhone. Currently, E*Trade's new Mobile Pro claims the top spot."
Fidelity National Information Services Tops New ABI Research Mobile Banking Vendor Matrix Ranking
"Fidelity National Information Services has been ranked at the top of the latest Vendor Matrix released by ABI Research. Fiserv and Sybase claimed the second and third spots in the company's new evaluation of worldwide mobile banking vendors."
First 2D bar code on book links to Amazon.com
"A new book on digital branding includes a 2D mobile bar code on its back cover that connects directly to the title’s page on Amazon’s mobile Web site. 'BrandDigital: Simple Ways Top Brands Succeed in the Digital World,' by branding expert Allen Adamson, is the first book to be sold in North America that includes an EZcode—a 2D bar code—to sell the title via the mobile device."
Professional Bank® Offers Mobile Banking
"Professional Bank®, a South Florida-based “relationship bank” dedicated to providing customized banking services for professionals and business executives, announces its Mobile Banking and Zero Fee ATM value-added services."
Sunday, August 24, 2008
Quicken Mobile - Beam
On Friday I received this alert that Intuit had released a new mobile aggregation tool.
Intuit Releases Mobile Account Aggregation Tool
"Quicken Beam is designed to let users access their account information via mobile devices. Intuit (Mountain View, Calif.) has released a beta version of Quicken Beam, a service that allows users to receive information on all their financial accounts via their mobile phones. Consumers receive instant access to their account balances and recent account activities." Continue Reading >>
However, it wasn't until this evening that I tested the product, and I must say that I'm impressed. As promoted the tool is for aggregation (i.e. no transfers or bill pay); yet, there were a number of pleasant surprises:
1) They receive huge points for allowing me to use my existing Turbotax credentials. Nice Work! No need to require another login and password.
2) They simultaneously launched two solutions. I can obtain information via text or by using an iPhone friendly browser site.
3) A simple short code: 636363
4) They stayed true to the aggregation model and allow you to add accounts from multiple institutions.
5) They have a built-in alert component. Simple, effective, and highly unexpected.
Overall, I'd give them solid marks. My only recommendation would be this...if you're going to build an iPhone friendly application, please also incorporate a bookmark icon that looks decent on my homescreen.
Be sure to check out the screen shots below and then enroll here.
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