Mobile Banking Wallet and Payments

Mobile Banking: Apple Customers Hungry For iBank
"Personal banking with Apple? It could happen. With the growing trend toward mobile banking, Apple is already serving as a digital "bank branch" for many iPhone and iPad users. All the Cupertino-based company needs to do now is provide their own virtual teller-like services. And it looks like they might be doing just that."

Blaze Mobile Awarded Another Patent for NFC Payments
"Blaze Mobile, a leader in mobile payment and NFC solutions, has been awarded a notice of allowance for a new patent for mobile banking and payment transactions. This new patent covers any mobile banking transactions that comprise bill payment, peer-to-peer (P2P) funds transfer, funds transfer between bank accounts, between credit cards, and between bank accounts and credit cards."

Security concerns and lack of compelling offer 'holding back mobile wallets'
"Digital banking provider Intelligent Environments polled companies within the mobile banking and payments sector, including O2, Microsoft and Lloyds. A quarter of the companies were confident mobile banking would become a mainstream offer by next year, with a third opting for 2015. The survey said this summer's Olympic Games in London would be a means for businesses to showcase their mobile banking products."

SIM Card Tricksters Target Mobile Payments
"The criminal activity that targets mobile banking has not yet reached the levels of web banking, mostly because the volume of mobile banking to this point hasn't made it as attractive a target. But as mobile banking grows, that's starting to change — particularly since mobile banking is vulnerable to a wide variety of criminal threats. A new strain of crime that tricks users out of their subscriber identity module (SIM) cards has quickly emerged to threaten banks and other enablers of mobile payments such as telecoms."

PayPal announce new mobile banking device
"PayPal introduced its new "PayPal Here" device in San Francisco today, enabling small firms to transfer funds via credit card reader direct from their phone. Powered by card.io, PayPal Here is directly competing with rivals Square and Google Wallet."

10% of mobile users to pay bills using mobile phones by 2016: Report
"Mobile life styles will see about 80% of total mobile banking customers paying their bills through a mobile device by 2016, says Juniper Research. With the growing user acceptance of 'push' mobile banking and an exponential increase in smartphone adoption will drive users of transactional mobile banking services up from 185 million in 2011 to over 550 million in 2016, according to Juniper Research's 'Mobile Banking for Developed & Developing Markets' report."

International Mobile Banking Updates - Mar 2

ICICI Bank adds new mobile banking services
"ICICI Bank, India`s largest private sector bank announced launch of convenient services to transact over mobile phones. The bank provides a wide range of financial and non-financial services, which can be conducted through mobile devices."

Mobile Bill Pay Demand Is the Future
"Imagine paying your house payment while riding in a double decker bus in London or making your Visa payment while waiting for a plane. For Greg Meyer, community relations manager at the $1.2 billion Meriwest Credit Union in San Jose, Calif., those scenarios are beyond dreams. He believes they need to become realities for credit unions that hope to compete in an increasingly technological financial services landscape."

Coming soon: Mobile banking payment transfers for everyone
"Savers with every UK bank should soon be able to transfer cash with just a few taps on their mobile phone. Trade body, the Payments Council, is developing a system to allow customers to shift cash from their accounts using their mobiles, without the need for a sort code or account number. It should be complete by the end of this year.
Banks will then decide whether to introduce the system and whether they will charge for it."

UK banks need to get their mobile banking plans on track
"Much has been made of phenomenal increase of smartphone usage in every facet of British society, so why isn’t mobile phone banking taking off like it is in overseas markets?

Smartphones are rapidly becoming essential tools in our day to day lives, often replacing computers for online tasks. In overseas markets dedicated banking apps mean bills can be paid, money transferred and goods bought online, all at the flick of a touchscreen. Why haven't UK banks embraced this technology over here?"