Banks and financial services

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E*Trade: 31pc of investors seek portfolio-monitoring capabilities on wearables

May 29, 2015

E*Trade Financial Corporation’s quarterly tracking study revealed that 31 percent of participants would like to use a wearable device for monitoring portfolios, displaying that although banking and financial industries have made considerable strides in mobile, wearables present an untapped market.

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First Bankcard finds PIN access drives mobile app use

May 11, 2015

Credit card issuer First Bankcard recently updated its mobile application, providing quicker access to accounts via a four-digit PIN, with frequency of use increasing following the change.

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Road to in-store mobile payments is bumpy for Apple Pay, MCX

May 6, 2015

Bringing contactless mobile payments to bricks-and-mortar stores continues to be a challenging process plagued with technology difficulties, inexperienced store associates and an evolving landscape.

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Capital One exec predicts mass shift to Apple Pay this year

April 30, 2015

NEW YORK – A Capital One executive at the Mcommerce Summit: State of Mobile Commerce 2015 predicted a mass shift to Apple Pay this year and the decline of magnetic stripe payments as more consumers carry their phones on their persons at all times.

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PayPal pilots NFC as transaction volume increases 40pc

April 24, 2015

With PayPal’s mobile payments transactions volume increasing 40 percent year-over-year, the business is testing NFC payments prior to its imminent split from eBay, executives revealed this week during the ecommerce leader’s first quarter earnings call.

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Discover boosts security with mobile-enabled account-freezing tool

April 16, 2015

Discover takes mobile management for credit cards to a new level with Freeze It, a tool enabling cardholders to instantly stop purchases on their account from their smartphone when a card is misplaced and just as easily reinstate purchasing once it is found.

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Wells Fargo’s mobile banking app says hola to Spanish customers

March 24, 2015

Wells Fargo & Co. has added a Spanish-language option to its mobile banking application, building on the financial institution’s introduction of Spanish Text Banking last year, as it seeks to address this demographic’s close relationship with their smartphones.

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American Express’ Plenti rewrites loyalty landscape as mobile’s role explodes

March 20, 2015

American Express’ new far-reaching coalition loyalty program featuring brands such as Macy’s and ExxonMobil is a prime example of how mobile is making loyalty bigger and better by making it easier for members to earn rewards from one merchant in real-time and then immediately apply them to a purchase from another.

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Marketers must understand mobile banking consumers’ lucrative potential: report

March 20, 2015

Marketers have been missing a potentially lucrative and viable opportunity to target the emerging demographic of consumers using mobile devices for financial services and payments, suggesting that these users must be understood more fully so that banks and financial institutions can garner more clients, according to a report from Phoenix Marketing International.

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Geo-fencing has real potential for mobile growth, says Citi exec

March 19, 2015

NEW YORK – A Citi executive at the 2015 Mobile Marketing Association Forum New York claimed that geo-fencing specific areas to alert consumers of potential rewards gained when using a Citi credit card is an optimal solution, suggesting that location-based targeting is a hot topic for financial marketers.

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