Banks and financial services

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MasterCard positions smartphones as remote control to cities

March 3, 2015

MasterCard’s partnership with Cubic Transportation Systems points to the growing relationship between mobile payments and the transportation sector, suggesting that digital payments may soon overtake physical ones, a move that would convenience operators, retailers and travelers.

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Bank of the West app adds a bill for payment in 30 seconds

February 27, 2015

Following a soft launch last fall, Bank of the West is rolling out scan-to-pay bill payment capabilities in its mobile application for customers at its more-than 650 locations, promising users can add a bill in about 30 seconds.

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Barclays pushes for social commerce with Twitter payments feature

February 26, 2015

Barclays bank is teaming up with Twitter to unroll a payments feature via its Pingit mobile application for consumers in Britain, proving that social networks continue to take on more commerce options in the mobile space.

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MasterCard swipes HCE into more countries as payments technology gains

February 25, 2015

MasterCard is rolling out Host Card Emulation, a cloud-based mobile payments system, to more than 15 new countries on the heels of Visa’s announcement that it will offer consumers more options of using the wave-to-pay capability, suggesting it could be a technology to watch in 2015.

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Biometrics, tokenization gain steam with MasterCard, Visa commitments

February 17, 2015

With security one of the biggest hurdles to driving mobile payments adoption, Visa and MasterCard are doubling down on technologies such as tokenization and biometrics to safeguard customer data on smartphones.

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Visa leverages geo-location to enhance travelers’ card payment experiences

February 13, 2015

Visa is entering the geo-location market with the new Mobile Location Confirmation, a service that gathers location data from customers’ mobile devices to deduce whether or not an unauthorized consumer is making a purchase when an account holder is traveling outside his or her home region.

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Apple Pay accounts for nearly 80pc of Panera Bread’s mobile transactions

January 29, 2015

The momentum behind Apple Pay continues to build, with 750 banks and credit unions having already signed on and the service now being integrated into 200,000 vending machines, laundry machines and parking meters.

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Phablet usage for mobile banking set to grow by 100pc: report

January 28, 2015

As mobile screen sizes continue to proliferate and consumers conduct more financial activities on these devices, phablets are becoming popular for banking, with use expected to grow by more than 100 percent, according to a new report from Carlisle & Gallagher Consulting Group.

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Chase Bank axes Windows app to focus on bigger excursions

January 23, 2015

Chase recently said that its Windows mobile application will no longer be available by the end of March, but that customers using Windows smartphones can still access their accounts via their mobile browser.

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Webster Bank ramps up mobile banking app security with Touch ID

January 22, 2015

Webster Bank is one of the first United States-based banks to leverage Apple’s Touch ID feature into its mobile banking application as it aims to drive user adoption with streamlined security features, proving that the appeal of fingerprint identification is growing.

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