PNC Weathers Slowdown in Online, Mobile Banking"PNC weathered a slowdown in its online and mobile services Friday that left some customers unable to access their accounts. The Pittsburgh-based company in the morning took to social media to tell customers it was investigating the problem and working to restore access for all customers. As of Friday afternoon, the bank continued to look for the cause of the disruption. "We do not have more information at this time," PNC said in a message posted on Facebook. PNC spokeswoman Marcy Zwiebel said that...
Monday, 29 April 2013
Sunday, 28 April 2013
Mobile Banking: The Next Big Thing Is Finally Here"After years of over-promise, mobile banking has hit a tipping point. With streams of customers in developed and developing countries alike growing swiftly, new business opportunities are pitting banks against tech companies, retail giants and others for control of the electronic wallet. The Aite Group projects that, with rising smartphone use driving more consumers to mobile banking in the U.S., the number of people who will tap their bank account with a mobile device will rise from 33 million...
Thursday, 25 April 2013
Refi Party Is Over, Mobile Money Party Is Just Beginning"Mobile Money: Anglocentric coverage in today's FT. "For prospective employees mobile banking could prove one bright spot for pay and prospects in the sector," says one story. "Retail banks are expecting mobile banking to be the area where the most roles will be created this year, ahead of branch and internet banking." Another article looks at the competitive threat to incumbent U.K. financial institutions from nonbanks selling phone apps, prepaid debit cards, etc. "Banks will have a hard...
Wednesday, 24 April 2013
Better Authentication is Key to DDoS, Mobile Banking Protection: Jeff Carter"'When you don't have trusted identities for accessing your online banking infrastructure, anyone in the wild can make a request, and you have to respond to it,' says Jeff Carter, who ran innovation for Bank of America and the Center for Future Banking, a joint venture between Bank of America, MIT and Harvard University, for six years and is currently chief strategy officer at EyeLock. He has a vested interest: his company's technology scans the human iris to create a "trusted...
Tuesday, 23 April 2013
Mobile malware and your money"You might have anti-virus software on your computer, but have you considered protecting your smartphone or device? According to the international software house for antivirus security solutions, G Data Software AG, on average 6 915 new malware strains were created every day in the second half of 2012. The report states the number of new malware strains in the tools category, which includes online banking tools, has increased enormously in 2012."bKash Offers Mobile Banking for Bangladesh"bKash's CEO Kamal Quadir made...
Monday, 22 April 2013
What Will the Next Generation of Corporate Mobile Banking Look Like?"'Mobile banking is evolving quickly for companies. This evolution is being propelled by the phenomenal growth in personal smartphone usage. Our clients now want to take the convenience and mobility they have with their personal smartphone into the workplace,' says James Gifas, head of RBS Citizens Treasury Solutions. "Over one third of smartphone owners in the U.S. are using their devices for personal mobile banking, and consumers want their business banking to be just as convenient."6...
Sunday, 21 April 2013
Wallet WarsMay 8-9thThe New Yorker HotelNever has there been so much to play for in the payments space, a revolution is just round the corner. With Square, Apple, Google, Samsung and Microsoft becoming major players in Wallet space MNOs, Banks and Payment Institutions need to innovate fast to make sure they’re not left behind... Click to Learn MoreClick to Register NowDefine your mobile wallet battle plan - Discover how to make a product appealing,...
Thursday, 18 April 2013
Capital One, DBS Bank Win Kudos for Private Mobile Banking Apps"Mobile banking apps from Capital One and DBS Bank of Singapore shared first place in a new study of 50 global banks’ smartphone offerings for private banking clients. MyPrivateBanking, a Swiss research firm, evaluated the offerings of 50 banks. Capital One and DBS received a score of 50 out of a possible 60. The firm awarded second place to Societe Generale of France (with a score of 49). Third place was shared by ABN AMRO of Amsterdam and Westpac of Australia (both earned 48 points)....
Tuesday, 16 April 2013
MoneyGram and First National Bank launch mobile banking in South Africa"MoneyGram and First National Bank (FNB) of South Africa have launched their first mobile money transfer service in Africa. The new mobile banking service enables FNB customers throughout South Africa provinces to send and receive international money transfers using their mobile devices. The service features data encryption system that protects account holder information. Transactions sent from a mobile device are available for collection within 10 minutes, subject to an agent’s...
Sunday, 14 April 2013
BBB offers top 5 tips for mobile banking"Gone are the days of waiting in line at the bank or even waiting for your computer to boot up. Now you can access your bank account from anywhere in the world via your smart phone or tablet. But consumers need to be more cautious than ever when banking through any device, as hackers can prey on the unsuspecting. The FINRA Investor Education Foundation, part of the Financial Industry Regulatory Authority, offers these five tips on how to keep your identity safe and your money in the bank:"Mobile Banking Continues...
Thursday, 11 April 2013
Top Five Tips for Mobile Banking"In our tech-savvy world, everything is readily accessible and convenient…even banking. Gone are the days of waiting in line at the bank or even waiting for your computer to boot up. Now you can access your bank account from anywhere in the world via your smart phone or tablet. But consumers need to be more cautious than ever when banking through any device, as hackers can prey on the unsuspecting. The FINRA Investor Education Foundation, part of the Financial Industry Regulatory Authority, offers these five tips...
Wednesday, 10 April 2013
The mobile money space: Bdaily meets Monitise"The mobile money sector has grown considerably over the last few years. Earlier this year, the UK Payments Council suggested that mobile payments could soon replace debit and credit cards. AIM-listed British firm, Monitise, have successfully built a reputation as worldwide providers of mobile banking, payments and commerce networks. Bdaily spoke with executive vice president, Lisa Stanton, about this exciting technology space."Exploring the Mobile Banking Revolution in Tanzania"In most developed economies,...
Tuesday, 9 April 2013
U.S. Bancorp's Plans to Remove Friction from Mobile Banking"U.S. Bancorp, which last month became the first large U.S. bank to offer mobile photo bill pay, hopes that letting people pay their bills with a tap of a smartphone camera will enable it to do three things. 'One is to take away some of the friction,' says Niti Badarinath, senior vice president and head of mobile banking and strategy at the $354 billion-asset Minneapolis bank. Over the next few quarters, the bank plans to further use imaging to save customers having to type their own details...
Sunday, 7 April 2013
RBS Group Endures Mobile Banking Outage"Bank divisions of The Royal Bank of Scotland Group suffered from a mobile banking app glitch for a few hours late last week. The outage affected mobile banking customers at RBS, NatWest and Ulster Bank. All three banking units took to Twitter to inform their customers about the technology issue."Texas Trust Launches Mobile Deposit for Consumer Banking Applications"Mobile banking has become more convenient at Texas Trust Credit Union with the introduction of mobile deposit. This new mobile banking service...
Thursday, 4 April 2013
Misys introduces new online and mobile banking products"Misys has launched a new innovative range of online and mobile banking products, Misys BankFusion Digital Channels, to enhance the way banks provide products and services via the internet or mobile devices. Misys BankFusion Digital Channels comprises a range of proven and mature modules covering online banking, mobile banking, personal financial management and internet brokerage, which enable banks to extend their services and add more value to their customers."BII REPORT: The Mobile Banking...
Wednesday, 3 April 2013
HDFC launches mobile banking app on Windows Phone"Windows Phone users in India with HDFC Bank accounts will no longer have to use the browser version of HDFC Bank. HDFC has just launched the mobile banking app for its Indian customers at the Windows Phone Store. The app will allow users to handle their accounts and basically do everything as with any netbanking application."‘Misconceptions’ stall mobile banking uptake in UAE"Despite its promise of convenience, mobile banking remains unpopular among many residents in the UAE due to a number of misconceptions,...
Tuesday, 2 April 2013
Fed On Mobile Banking: Use Is Up, Confidence In Security Down"The Credit Union National Association's Payments Subcommittee will review the Federal Reserve Board's new mobile financial services survey results, which note significant increases in how consumers use mobile phones and smartphones for banking and payments."ATMIA Publishes Best Practices for Preventing Mobile Banking Fraud"ATMIA today announced the publication of a new best practice manual for preventing mobile banking fraud, with special reference to applications linked to ATM systems....
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