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News/Mobile & online banking
The UK's major mobile phone operators - Orange, Vodafone, T-Mobile, 3 and O2 - have launched a payment system that allows subscribers to use their handsets to pay for low value purchases.
03 September 2007
EU finance ministers have been urged to take action against Finnish company Ferratum which is offering high interest loans via SMS text messages and the Internet.
31 August 2007
National Australia Bank (NAB) is teaming with Visa and wireless operator Telstra to launch the country's first mobile payments trial which will allow select cardholders in Melbourne to pay for purchases using their hand sets.
30 August 2007
US ATM manufacturer Diebold has been granted five US patents covering applications that will enable mobile devices to interact directly with banks' cash machines.
29 August 2007
A survey conducted on behalf of Sybase 365 by Singapore-based research firm BDM Intelligence has found that 81% of Indian respondents are aware they can check bank balance on a mobile phone, while 49% have used the services in the last three months - the highest amongst the five countries surveyed in the region.
28 August 2007
HSBC has launched a text message banking service that offers business customers secure access to mini-statements and balance enquiries for up to five accounts.
24 August 2007
US ATM vendor NCR has made an undisclosed strategic investment in Silicon Valley-based contactless payments outfit Vivotech.
20 August 2007
US e-payments outfit Global Payments has won a five year agreement to provide card processing services to Sarajevo-based Postbank BH.
15 August 2007
Monilink, the mobile banking network that was launched last year by Morse spin-off Monitise and VocaLink, is embarking on a major campaign to boost user numbers after clocking up its first 25,000 customers in the UK.
14 August 2007
The UK's Royal Bank of Scotland (RBS) Group is launching a mobile banking service for its 13 million debit cardholders.
13 August 2007
The UK's direct banks are outperforming their high street rivals when it comes to customer satisfaction, according to a survey conducted by consumer group Which?
01 August 2007
Hong Kong-based Wing Lung Bank is using authentication technology from Thales to provide its retail customers with secure access to Internet banking services.
30 July 2007
US banking group Wells Fargo has launched a browser-based mobile banking application that allows customers to check balances, view their transaction history and transfer funds between eligible accounts using their hand sets.
24 July 2007
Citibank is launching a new service in Malaysia that will enable its customers to pay bills using their mobile handsets.
20 July 2007
California-based mobile payments start-up Obopay has raised $29 million in a third round of funding that included Citi and Société Générale as new investors.
12 July 2007
Mobile applications outfit Masabi has been recruited by UK-based YourRail, which provides e-ticketing technology to rail operators, to provide a mobile ticketing system.
According to a new study from ABI Research, the market for mobile fund transfers will grow to a revenue opportunity of nearly $8 billion for wireless operators by 2012, from just over $10 million last year.
11 July 2007
Juniper Research predicts that P2P fund transfers and mobile payments in the developing world, together with the commercialisation in 2009 of NFC (Near Field Communications) based m-payments will generate transactions worth approximately $22bn.
10 July 2007
UK wireless operator Vodafone is to offer subscribers direct access to their finances through a link with the MoniLink mobile banking network.
09 July 2007
Vodafone and Nokia are calling for a new regulatory framework to encourage transactions by mobile phones in developing countries.
04 July 2007
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