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News/Mobile & online banking
The number of US customers using mobile banking services will accelerate over the next five years, rising from 1.1 million in 2007 to more than 40 million by 2012, according to forecasts from TowerGroup.
14 November 2007
Silicon Valley-based contactless payments outfit Vivotech has launched a mobile marketing package that enables merchants to broadcast advertisements and promotions to consumers via 'smart posters' featuring NFC tags.
13 November 2007
MasterCard says it is launching a near field communications (NFC)-enabled mobile payments platform in Japan that will enable Japanese consumers to use its 'tap and go' contactless PayPass technology around the world.
The use of SMS authentication to access Web banking services fails to protect people from hackers and fraud, according to research conducted by The Queensland University of Technology (QUT) in Australia which found that human error remains one of the biggest risk factors.
09 November 2007
Canadian banking group RBC is teaming with Visa to launch a pilot of mobile payments technology that will allow customers to pay for purchases using handsets.
01 November 2007
The popularity of mobile payments is set to rocket over the next few years, with the value of the market rising from $77.6 million in 2007 to $11.5 billion in 2011, according to a report from Juniper Research.
31 October 2007
California-based mobile banking outfit mFoundry has secured $15 million in a series c financing round led by handset manufacturer Motorola and including strategic investors PayPal and NCR Corporation.
24 October 2007
Bank of Ireland (BoI) has added a range of new functions to its Internet banking service, 365 Online, following a EUR10 million investment in the site.
23 October 2007
US bank Wells Fargo has launched a text message banking service which complements the browser-based mobile banking application it launched earlier this year.
22 October 2007
Money transfer operator Western Union is teaming with mobile phone operators to develop a system that would enable customers to use their hand sets to conduct cross-border fund transfers.
19 October 2007
US banking group BB&T is using technology from Californian vendors ClairMail systems and mFoundry to introduce mobile banking services to its customers.
17 October 2007
LogicaCMG is teaming with Dutch supermarket chain C1000 to launch pilot trials of a mobile debit payment system that will enable shoppers to use NFC-enabled handsets instead of plastic debit cards to pay for purchases.
08 October 2007
The number of users of mobile banking services in the US will reach 21.27 million by 2010, according to projections from research house Frost & Sullivan.
28 September 2007
UK mobile banking outfit Monitise has laid out plans for sweeping upgrades to its m-banking suite in 2008, including options for multi-banking, payments and SMS messaging and two-factor authentication.
27 September 2007
Türkiye ÝÞ Bankasý (Is Bank) has teamed with local technology vendor Pozitron to introduce a Java-based mobile banking and payments application, called IsCep.
26 September 2007
Turkey's Garanti Bank is using technology from UK-based Volantis Systems and Hewlett-Packard (HP) to deliver mobile banking services to its customers.
25 September 2007
British virtual bank first direct has adapted its online banking service to work seamlessly with Apple's iPhone, which is set to launch in the UK in November.
21 September 2007
US bank Chase has launched a SMS-based banking service that enables customers to access account information using their mobile hand sets.
20 September 2007
Swiss banking systems vendor Temenos is teaming with London-based FE-Mobile to add mobile banking and payments functionality to its ARC front office CRM application.
17 September 2007
Lloyds TSB is introducing a new text message service that will alert current account customers if they are close to, or over, their overdraft limit.
11 September 2007
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