25 June 2017
visit www.finastra.com

ING Direct introduces Bump payments option for iPhone users

04 May 2011  |  12001 views  |  0 iphone apps on screen

ING Direct in the US has introduced a feature that lets customers with iPhones send money to each other by bumping handsets together.

ING Direct is tapping start-up Bump Technologies for the feature on its updated iPhone app for Electric Orange current account customers.

Users send money to each other by entering a dollar amount into ING Direct's mobile Person2Person Payment feature and "bumping" their iPhones to initiate an instant payment between accounts.

ING says it is the first US bank to use the bump technology. When PayPal added the feature to its iPhone app last year, it was downloaded over a million times in its first three weeks.

Arkadi Kuhlmann, CEO, ING Direct, says: "Today, cash is no longer king. Only seven per cent of ING Direct Electric Orange Checking Customers say they pay primarily with cash. With Bump technology, ING Direct customers can leave the cash at home knowing they have a smartphone in their pocket."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ING Direct guerilla marketing stunt makes a splash

ING Direct guerilla marketing stunt makes a splash

26 August 2010  |  13957 views  |  2 comments
PayPal iPhone app lets users 'bump' phones to pay

PayPal iPhone app lets users 'bump' phones to pay

16 March 2010  |  12858 views  |  0 comments
ING forced to sell US Internet bank

ING forced to sell US Internet bank

26 October 2009  |  12439 views  |  2 comments
ING Direct targets savers with Web 2.0 micro-site

ING Direct targets savers with Web 2.0 micro-site

26 November 2008  |  11058 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.finastra.comvisit vasco.com/news/PSD2-compliant-solutionsvisit www.response.ncr.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
9787 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
9277 views comments | 19 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8933 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
8345 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
7449 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job