19 February 2018
visit www.ebaday.com

ING Direct introduces Bump payments option for iPhone users

04 May 2011  |  12337 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  |  14215 views  |  2 comments
PayPal iPhone app lets users 'bump' phones to pay

PayPal iPhone app lets users 'bump' phones to pay

16 March 2010  |  13073 views  |  0 comments
ING forced to sell US Internet bank

ING forced to sell US Internet bank

26 October 2009  |  12911 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  |  11308 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit www.vasco.comVisit http://info.nice.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11495 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9058 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8920 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8811 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7445 views comments | 12 tweets | 10 linkedin

Featured job

to £100K base, double OTE, benefits
London, UK

Find your next job