Citibank rolls out NFC-based mobile wallet in Hong Kong

"Smartphone users in Hong Kong now have another mobile wallet option with the introduction of 3 Citi Wallet. The NFC-enabled solution is a collaboration between 3 Hong Kong, the mobile arm of Hutchison Telecommunications Holdings Ltd., and Citibank Hong Kong.

The solution enables contactless payments for amounts up to HK$1,000 per transaction. 3 Hong Kong said it's the only wallet in Hong Kong that supports Android and iOS operating systems; using the wallet with an iPhone requires an NFC sticker provided by Citibank." Continue Reading

Mobile Banking Continues Popularity Streak in September

"It's not stopping or even slowing down. Consumers' adoption of mobile banking keeps rising every month, according to the latest results of American Banker's Mobile Banking Intensity Index. Bank customers did more of pretty much every banking task available on their mobile phones in September as compared to August. A few bankers wrote in to say that mobile banking is getting more popular every day." Continue Reading

Moven feature lets users suspend, reactivate lost debit cards via smartphone

"Losing a debit card is stressful for obvious reasons, not the least of which is the process of having it deactivated. Then you have to wait for a new card — even if you find the lost one. The mobile banking app provider Moven, which bills itself as the only debit account that gives real-time feedback on purchases and analysis of spending, has added a new feature that could remove some of the hassle associated with losing a card." Continue Reading

Malauzai Software Gets $3M For Mobile Banking Software

"Austin-based Malauzai Software, which develops mobile banking applications for the community financial institutions market, said today that it has raised $3M in funding. The company said the Series B funding will go toward ramping up its mobile banking programs and for strategic partnerships, product expansion, and more. Source of the new funding was not announced. Malazuai said it now has 122 banks and credit unions live on its software, with 170 signed clients." Continue Reading

FSGBank Launches Tablet Banking App for iPad and Android Devices

"FSGBank, N.A., the wholly-owned subsidiary of First Security Group, Inc. (NASDAQ: FSGI), ("FSG" or "FSGBank") announced today the launch of an all new mobile banking app optimized specifically for the tablet, including iPad and Android devices, to improve accessibility for account holders. FSGBank is a community bank servicing Tennessee and North Georgia.

FSG's free mobile banking app complements the bank's online, text, and phone banking offerings and is the first step in a growing trend to offer more end-to-end products and services through the mobile channel. The new app allows customers to:" Continue Reading

Ally Launches Mobile Payments Upgrades

"Direct bank Ally Bank announced it has expanded its mobile payments offerings, integrating Popmoney into its mob app and also adding a new mobile money transfer function. The banks said its customers can now send and receive money via Popmoney through Ally's mobile banking app, including with people who do not have an Ally Account.

Popmoney, a Fiserv product, is an electronic person-to-person payments service. In addition to being able to conduct regular Popmoney transactions, Ally's mobile banking users will now be able to view scheduled payments and payment history as well as set up and manage Popmoney contacts in Ally mobile banking." Continue Reading

The Ultimate Mobile Banking Experience: Personalization

"What makes for the ultimate mobile banking experience? It’s more than 24-hour access and offering the same online services remotely. It’s not even about recreating the branch experience. It’s about exceeding expectations, offering convenience, saving time and money and giving people the advice they need when they need it.

Mobile phones, and tablets applications can actually offer more insight than a local teller and the interface can lend itself to sharing up-to-date personal stats and timely notifications that a banking customer may need to know about. The ultimate mobile banking experience is about anticipating the customer’s next need and proactively offering smart assistance. Sound impossible? It’s not." Continue Reading