Mobile Banking: Apple Customers Hungry For iBank
"Personal banking with Apple? It could happen. With the growing trend toward mobile banking, Apple is already serving as a digital "bank branch" for many iPhone and iPad users. All the Cupertino-based company needs to do now is provide their own virtual teller-like services. And it looks like they might be doing just that."
Blaze Mobile Awarded Another Patent for NFC Payments
"Blaze Mobile, a leader in mobile payment and NFC solutions, has been awarded a notice of allowance for a new patent for mobile banking and payment transactions. This new patent covers any mobile banking transactions that comprise bill payment, peer-to-peer (P2P) funds transfer, funds transfer between bank accounts, between credit cards, and between bank accounts and credit cards."
Security concerns and lack of compelling offer 'holding back mobile wallets'
"Digital banking provider Intelligent Environments polled companies within the mobile banking and payments sector, including O2, Microsoft and Lloyds. A quarter of the companies were confident mobile banking would become a mainstream offer by next year, with a third opting for 2015. The survey said this summer's Olympic Games in London would be a means for businesses to showcase their mobile banking products."
SIM Card Tricksters Target Mobile Payments
"The criminal activity that targets mobile banking has not yet reached the levels of web banking, mostly because the volume of mobile banking to this point hasn't made it as attractive a target. But as mobile banking grows, that's starting to change — particularly since mobile banking is vulnerable to a wide variety of criminal threats. A new strain of crime that tricks users out of their subscriber identity module (SIM) cards has quickly emerged to threaten banks and other enablers of mobile payments such as telecoms."
PayPal announce new mobile banking device
"PayPal introduced its new "PayPal Here" device in San Francisco today, enabling small firms to transfer funds via credit card reader direct from their phone. Powered by card.io, PayPal Here is directly competing with rivals Square and Google Wallet."
10% of mobile users to pay bills using mobile phones by 2016: Report
"Mobile life styles will see about 80% of total mobile banking customers paying their bills through a mobile device by 2016, says Juniper Research. With the growing user acceptance of 'push' mobile banking and an exponential increase in smartphone adoption will drive users of transactional mobile banking services up from 185 million in 2011 to over 550 million in 2016, according to Juniper Research's 'Mobile Banking for Developed & Developing Markets' report."