Mobile Payment Magazine

Consumers and Mobile Financial Services – Free Report

Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.

ING Direct Launches Mobile Banking App for BlackBerry PlayBook

April 19, 2011 by Mobile Payment Magazine

ING Direct Canada has announced the launch of a BlackBerry PlayBook App to its suite of mobile banking applications. According to the company, ING Direct was the first bank in Canada to offer a BlackBerry App, iPhone App and mobile website simultaneously last year, and has since added iPad, Android and Windows Phone 7 Apps.

The company’s new PlayBook App, released today, will let Canadian consumers bank from their BlackBerry PlayBook devices. The App allows clients to check their account balances, review transactions, transfer funds, buy and sell The Streetwise Funds, and get directions and hours of operation for the ING Direct Cafés.

“We know that mobile banking today represents what the ABM did in the 1980’s – the future of banking,” said Peter Aceto, President and CEO of ING Direct. “Mobile banking Apps give people the ability to have their own personal branch in their pocket. This is the future of banking and our PlayBook App is another example of ING DIRECT leading the industry in mobile banking and helping Canadians stay closer to their money, something we’ve been advocating for 14 years.”

Source: ING Direct

Visa “Tap to Phone” Adoption Grows Rapidly

Today, Visa announced that Tap to Phone has experienced a 200% increase over the past year.

Is Your Business PCI Compliant?

A simple guide answering some frequently asked questions as well as debunking a couple myths about PCI compliance.

Nets and Oberthur Technologies Offer Mobile Payments to Scandinavian Banks

Nets, a payments service provider in Northern Europe, and OT (Oberthur Technologies), a global provider of embedded security software products, services and solutions, are partnering to service banks with a financial platform to support future international mobile payment means in the Nordics.

Kohl’s to Launch Mobile Payments

Kohl’s (NYSE: KSS) announced today the nationwide launch of Kohl’s Pay, a mobile payment option which integrates the Kohl’s Charge private label credit card into Kohl’s mobile app. Kohl’s Pay allows more than 25 million active card holders across the country to pay for their in-store purchases with their Kohl’s Charge card directly from their mobile device. Kohl’s Pay also its customers to apply their Kohl’s offers, Kohl’s Cash and Yes2You Rewards with a single transaction right from the mobile device at checkout.

Apple in Talks with Banks to Develop Mobile Person-to-Person Payment Service – Update – NASDAQ.com

Apple Inc. is in discussions with U.S. banks to develop a mobile person-to-person payment service that would compete with PayPal Inc.’s popular Venmo platform, according to people familiar with the talks. The talks are ongoing, and it is unclear if any of the banks have struck an agreement with Apple, these people said. Key details […]