Westpac New Zealand customers will soon be able to log into their mobile banking app using fingerprint scanning.
Westpac is forecasting almost $3 billion in contactless transactions will be made via mobile by 2015 as the Australian bank begins the roll-out of a new m-payment service on Samsung's Galaxy S4 and S5 smartphones.
Westpac's new venture capital fund has taken a A$5 million stake in Australian peer-to-peer lending platform SocietyOne.
Westpac Institutional Bank (Westpac) has partnered with the founder of Australia's leading intra-school payments system, Scotney Group (Scotney) to launch its cashless payments solution across other segments such as aged care, mining and universities with the potential to take approximately $65 million in cash out of circulation in its first year alone.
Westpac has begun trialling a Google Glass app which lets users keep an eye on their balance and outlined plans to install Apple's iBeacon technology in branches.
Westpac is investigating the cause of a technical problem that has hit its new online and mobile banking platform, locking out customers since Wednesday afternoon, Australian time.
Commonwealth Bank of Australia has released a mobile NFC-based payments application for Samsung handsets, just ahead of rival bank Westpac, which has abandoned plans for sticker-based payments in favour of a fully-fledged mobile roll-out early next year.
Westpac's New Zealand arm has sent out an SOS to the UK's geeks, launching a mobile and Web banking app design competition, which will see the winning developer score a trip down under.
The New Zealand arm of Oz bank WestPac is poised to launch an app for the Sony SmartWatch, enabling customers to check their balances from their wrists.
Customers of Aussie bank Westpac have been unable to access their online accounts via desktop, mobile and tablet devices for more than nine hours.
© Finextra Research 2014