Mobile Banking

Showing Latest Mobile Banking

Invisible banking is in plain sight – here’s what to do about it

23 Aug 18 @ 13:59

In today’s mobile world, financial institutions are working hard to give their digital offerings an overhaul. They are under pressure from several key factors to do so: firstly, because of... read more

Growing pains: RBI orders a stop to Paytm service

15 Aug 18 @ 11:55

The growth of Paytm has been exponential as it achieved an annual run rate of 5 billion digital transactions and $ 50 billion GTV (Gross Transaction Value) in July 2018. Paytm is... read more

Security fears threaten biometric payments growth

01 Aug 18 @ 08:36

As reported earlier by PCM, Biometric payments are poised for significant growth, but substantial consumer security concerns could put its future at risk according to a new report from Transaction... read more

Android banking malware Exobot source code released online

27 Jul 18 @ 11:19

An Android banking Trojan source code, named Exobot, has been released online, causing the malware to circulate widely on the dark web. Called Exobot, the malware targets Android users via malicious... read more

Biometrics: The nirvana of personal security?

27 Jul 18 @ 10:41

By 2020, nearly all smart devices including mobile phones, tablets and wearables will have some form of biometrics security enablement. By the same time, personal banking through mobile apps will... read more

Mobile biometrics to authenticate $2 trillion of sales by 2023

26 Jul 18 @ 08:36

A new study has found that mobile biometrics will authenticate $2 trillion worth of in-store and remote mobile payment transactions annually by 2023. This is 17 times the $124 billion... read more

Square withdraws bank application

16 Jul 18 @ 09:18

Square has confirmed that it has withdrawn its application to open a depository bank, although it plans to refile with a top regulator at a later date. Square first submitted... read more

New data highlights differences in use of P2P mobile payment apps

14 Jun 18 @ 10:54

Use of P2P mobile payment apps, such as PayPal and Venmo, vary significantly by generation, according to a new survey from The Manifest. 29% of millennial’s (18 to 34 years old)... read more

Mobile Banking App Review 2018 – Here comes the consumer

13 Jun 18 @ 14:42

According to the Mobile Banking App Review 2018 , it is widely accepted that mobile banking apps are rapidly becoming the channel of banking customer relationships, certainly in the near-term before we... read more

NatWest Pay to eliminate debit cards in Open Banking play

13 Jun 18 @ 14:04

NatWest is reported to be trialling a new payments system with Carphone Warehouse enabling consumers to make e-commerce transactions directly with NatWest Pay from their bank accounts without the need... read more

TransferWise teams with French bank Groupe BPCE

05 Jun 18 @ 09:11

TransferWise has teamed up with Groupe BPCE, in a deal that will give the money-transfer startup access to the banking group’s 15 million retail customers, the companies announced at Money... read more

Open Banking requires ‘Open Payments’ platforms to meet needs of connected customers

04 Jun 18 @ 12:38

A report published today by payments processor RS2 warns that the payment industry must consolidate omni-channel payments, card payments, and direct-from-bank Open Banking payments into new ‘Open Payments’ platforms to... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more

Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more