Barclays and Halifax are two of the British financial institutions leveraging VocaLink’s new Pay by Bank application – which enables customers to conduct mobile transactions and check their account balances – reflecting the rise of standalone, bank-branded payment platforms.
Articles Tagged ‘Barclays’
Barclays Bank continues to jockey for a meaningful role in mobile payments in Britain, most recently with plans to update the Barclaycard Android application to enable tap-and-go payments and provide services unique to the space.
As Apple Pay gears up to launch in Britain in July, Barclays Bank – one of the region’s major financial institutions – remains an important holdout while ramping up its own wearables-based contactless payments strategy.
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.
Barclays is tapping in-branch beacon technology for a series of trials to streamline and personalize bank visits for consumers with disabilities.
Reportedly one of the most interactive apps on the market, the new features ooze customization to give institutional clients content when and how they want it.
Approximately one-third of Barclays digital bankers solely access their finances through the company’s mobile application, indicating that there is likely a significant group of mobile-only bankers.
As mobile banking is gaining traction, traditional banks are struggling to adapt to the new reality where physical in-store interactions are no longer the status quo.
Barclay’s Pingit mobile payments service is teaming up with Corethree to bring the financial institution’s mobile checkout to public transportation customers in Britain.
Barclays has added two new mcommerce features to its Barclays Pingit application to let consumers purchase goods from a mobile Web site, app or even an advertisement.