With recent surveys showing that security concerns are one of the biggest holdups in mobile payments adoption, Visa is hoping a soon-to-be released tokenization service will resonate with both consumers and merchants.
Banks and financial services
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Pizza Hut and Staples are among the merchants preparing to accept a new payment option from Visa that promises to streamline mobile checkout by digitizing consumers’ credit cards.
More customers are signing up for a Discover credit card via mobile app than expected, one senior executive at the financial services firm said.
Spanish banking group Banco Bilbao Vizcaya Argentaria is introducing a commercial solution leveraging Host Card Emulation technology through financial service corporation Visa.
On the heels of rapid user growth in 2013, Fidelity has launched new versions of its mobile applications that allow for greater personalization and feature optimized contextual content for easier investing on the go.
Chase earned the highest score of 69 out of 100 in an evaluation by Forrester Research of the five largest retail banks in the U.S., and was cited for its strong transactional and cross-channel features in mobile.
Sberbank, the largest bank in Russia, will soon begin testing Host Card Emulation for mobile payments, making it the largest bank so far to embrace the burgeoning solution for making tap-and-go payments more widely available.
While consumers love the convenience of mobile remote deposit capture, the service has not been universally adopted by financial institutions because of perceived potential risks but this could change, with virtually all financial institutions expected to soon offer such capabilities, according to a new report.
TD Canada Trust gets a leg-up on competitors as the first North America bank to offer mobile payments across all three of Canada’s carriers.
For the first time in three years, banks are experiencing a decline in positive customer experiences that is largely driven by Gen Y’s expectations for mobile and social banking experiences, according to a new report from Capgemini.