Mobile


BBVA Adopts HCE for Mobile Wallet (June 30, 2014)

Getting mobile payments services to market quickly is one of the calling cards for host card emulation (HCE) technology, and Spanish financial services group BBVA is claiming to be the first major global bank to commercially launch an HCE-based mobile contactless payments service.

Online transactions to touch $5 trillion in four years’ time

The annual transaction value of online, mobile and contactless payments will nearly double over the next four years, reaching $4.7 trillion by 2019, up from just over $2.5 trillion this year, with contactless payments primarily driven by card purchases rather than mobile.

SIMalliance: HCE Will Expedite NFC Rollout (June 23, 2014)

Host card emulation (HCE) technology has gained an unlikely supporter. SIMalliance, which had been critical of HCE’s role in bringing NFC-based mobile payments into the mainstream, said today that HCE likely will expedite SIM-based NFC payment deployments.

Cachet App to Expand FirstView’s Mobile Presence (June 10, 2014)

On the heels of its March acquisition of the moneto mobile payment platform from DeviceFidelity Inc., Minneapolis-based remote deposit capture specialist Cachet Financial Solutions announced it will be developing a prepaid mobile app for cardholders of FirstView, an Atlanta-based program manager and processor.

Standard Chartered Bank and SingTel launch mobile ATM app

Standard Chartered Bank and Singaporean incumbent telecoms operator SingTel have launched a new mobile money service called Dash, in which customers can move money onto their mobile device and then use it to make payments without ever coming into a bank branch.

Citi names finalists for Latin America Mobile Challenge 2014

Citi has chosen the ‘headliner’ finalists for its mobile innovation competition in Latin America, the Mobile Challenge LatAm 2014, which aims to bring together individuals and companies with innovative ideas to create applications for Citi’s Latin America mobile banking platform.

Forget ‘mobile first’: are we heading for mobile-only banking?

The speed at which the mobile market evolves is staggering. Just as we started to look at mobile first, where banks need to align their services and strategies to cater for mobile before desktop or other traditional channels, the notion of mobile-only is now creeping to the fore.

Half of UK traders still flout mobile voice recording rules

More than two years after the UK’s FSA introduced rules on mobile call recording for financial institutions, more than half of those affected still have not rolled out a solution – leaving many at risk of enforcement action, according to a new report by analyst firm Ovum and computer telephony specialist Teleware.

At APEX Europe: Mobile’s the Thing (May 19, 2014)

At the launch of the All Payments Expo Europe today in Marbella, Spain, speakers invariably turned to the topic of mobile, with strong emphasis on (and statistics to support) meeting the needs of merchants participating in mobile payments services and the consumers who use them.

Apple Set to Take Bite out of Payments? (May 19, 2014)

Apple’s recent deal with China’s UnionPay on a pair of contactless payment initiatives may be a sign that the tech giant is ready to make a major move into NFC payments, including equipping the next generation of the iPhone with NFC technology.

Citi starts Latin American mobile startup challenge

Citi is hosting a major new mobile innovation competition in Latin America. Called the Mobile Challenge LatAm 2014, the competition aims to bring together individuals and companies with innovative ideas to create applications for Citi’s Latin America mobile banking platform.

In Money Transfer Push, Facebook Finds Plenty of Friends (May 12, 2014)

Facebook has already conquered the social media sphere—and now there are signs the company is seeking to capitalize on its global ubiquity and massive user base to make a splash as a money transfer service, recently partnering with financial service providers on transfer initiatives around the globe.

HSBC installs free wi-fi in UK branches

HSBC has installed free Wi-Fi in 650 of its UK branches, bringing the bank into line with Barclays, which introduced free Wi-Fi in February 2013. Both banks signed deals with BT to provide the connectivity, which is managed by BT as a white label service.

Small financial institutions must face the mobile challenge

As contactless and mobile payment methods continue to grow, building societies and other financial institutions need to avoid being complacent about new technology, according to senior delegates speaking at the BSA annual conference in Manchester this week.