Mobile & online banking

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/Mobile & online banking

Mobile payments set to take off in developing world - Juniper Research

Juniper Research predicts that P2P fund transfers and mobile payments in the developing world, together with the commercialisation in 2009 of NFC (Near Field Communications) based m-payments will generate transactions worth approximately $22bn.

/Mobile & online banking

Vodafone offers direct access to bank accounts via MoniLink

UK wireless operator Vodafone is to offer subscribers direct access to their finances through a link with the MoniLink mobile banking network.

/Mobile & online banking

Mobile operators call for banking reforms

Vodafone and Nokia are calling for a new regulatory framework to encourage transactions by mobile phones in developing countries.

/Mobile & online banking

Mobile wallets to replace payment cards - report

Mobile devices embedded with chips will replace plastic payment cards over the next five years and will be used to make payments by around 50 milllion customers, according a study by Javelin Strategy and Research.

/Mobile & online banking

MFoundry adds support for Apple's iPhone

California-based mobile technology outfit mFoundry says it has extended its Spotlight financial platform so the system can be used to implement wireless banking applications on Apple's new iPhone.

/Mobile & online banking

Wells Fargo and Visa to conduct public mobile payments trial

Wells Fargo and Visa are to undertake a public trial of mobile payments technology with up to 500 customers in the fourth quarter of the year.

/Mobile & online banking

MasterCard hails mobile phone payments trial

MasterCard says over three quarters (75%) of customers that participated in a NFC mobile phone PayPass pilot programme preferred the contactless technology to traditional contact-based cards and made payments more often.

/Mobile & online banking

Korean mobile payments firm Danal to expand in US with $9.5 million venture financing

The US subsidiary of South Korean mobile payments company Danal has received $9.5 million in venture financing led by Morgenthaler Ventures.

/Mobile & online banking

Verizon to offer mobile payments via Obopay

Verizon, the number two US wireless carrier, is to offer consumers the opportunity to make purchases and conduct person-to-person funds transfers via their mobile phones using technology from privately-held Obopay.

/Mobile & online banking

Lloyds TSB sends out SMS to mortgage applicants

UK high street bank Lloyds TSB is to launch a new mobile phone text service designed to keep customers informed of the progress of mortgage applications.

/Mobile & online banking

A&L lures younger customers to m-banking with £10 sweetener

UK bank Alliance & Leicester is to pay younger customers £10 for signing up to its mobile banking services.

/Mobile & online banking

O2 to trial NFC wristband at music festival

Mobile telecoms firm O2 is launching a trial of near field communications (NFC) technology at a music festival later this month that will see select guests given a crystal-studded wristband embeded with the contactless technology.

/Mobile & online banking

Morse to raise £20m in placing of Monitise shares

UK systems house Morse has disclosed plans to raise £20 million by spinning off its Monitise mobile banking unit and selling shares in the newly formed company, which will be listed on London's junior AIM market.

/Mobile & online banking

Banco Sabadell and Telefónica team for 'instant banking' services

Spanish banking group Banco Sabadell is investing EUR57.5 million in a joint venture with telecommunications firm Telefónica that will focus on developing anytime, anywhere 'instant banking' services, incorporating new interactive TV and mobile telephony channels.

/Mobile & online banking

Barclays introduces mobile banking services

UK high street bank Barclays has launched a mobile banking service for its 1.9 million Internet banking customers.

/Mobile & online banking

Telsecure launches securePay m-payments system in UK

Following four years of research and development, UK mobile payments start-up Telsecure is launching its securePay front-end payments system that is designed to protect customers from card-not-present (CNP) fraud.

/Mobile & online banking

Wells Fargo introduces mobile banking for business customers

US bank Wells Fargo has begun rolling out a new mobile business banking service, CEO Mobile, to select customers.

/Mobile & online banking

Mobile banking take up set to grow - Celent

Research from Celent suggests that the mobile banking channel will grow from one per cent of US Web banking households today, to 35% within the next three years - a forecast that breaks with downbeat assessments from other analyst houses.

/Mobile & online banking

Web banking soaring over all other retail channels - TowerGroup

Growth in Internet banking is outpacing all other retail delivery channels and is rising at an annual rate of 27%, according to a US study by TowerGroup.

/Mobile & online banking

Obopay introduces m-payments plug-in for AOL IM users

Californian m-payments outfit Obopay has launched a new plug-in for AOL's instant messaging service (AIM) which enables users to launch the P2P application and transfer funds to their AIM "buddies".