Mobile & online banking

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/Mobile & online banking

Bank of America to introduce m-banking

Bank of America is to roll out a comprehensive mobile banking service to its 21 million online banking customers nationwide.

/Mobile & online banking

MasterCard to pilot international remittance programme with mobile network operators

MasterCard is to work with GSM wireless network operators to pilot an international remittance system using mobile payments technology.

/Mobile & online banking

MasterCard to trial mobile phone payments in Taiwan; Visa makes progress in Korea

MasterCard has partnered with Taipei Fubon Bank and Taiwan Mobile to launch an NFC mobile phone payment pilot programme across the island.

/Mobile & online banking

New Orleans introduces Mardis Gras donations via PayPal Mobile

Revellers attending this year's Mardis Gras fesitval in New Orleans will be able to use their mobile phones to make charity donations to the city via PayPal's text-based mobile payment service.

/Mobile & online banking

European consortium to establish framework for NFC applications

A pan-European consortium of banks, companies, universities and user groups is teaming up to develop an open architecture for the deployment of near field communication (NFC) technology on mobile phones.

/Mobile & online banking

Commonwealth Bank issues free authentication tokens

Commonwealth Bank of Australia has begun rolling out free two-factor authentication tokens to 30,000 "highly active" users of its Internet banking system, NetBank.

/Mobile & online banking

HSBC launches contactless m-payments trial in US

HSBC is launching a pilot of mobile contactless payments technology at its US card services division that will see staff use their handsets to pay for low-value purchases.

/Mobile & online banking

Fraudsters to target mobile banking, says TowerGroup

IT managers must extend their existing malware and virus security initiatives to include mobile phones, according to the latest TowerGroup research which predicts that cyber criminals will increasingly target mobile banking and payment systems in 2007.

/Mobile & online banking

National Bank of Abu Dhabi selects LUUP m-payments service

Norway-based LUUP has signed National Bank of Abu Dhabi (NBAD) to its mobile payments system which allows customers to use their handsets to pay for purchases and make fund transfers.

/Mobile & online banking

BitPass bites the dust

California online micropayments firm BitPass has shuttered its operations and has informed its merchant and consumer customers that their accounts will be closed at the end of the week.

/Mobile & online banking

Visa launches mobile payments platform

Visa has formally launched its mobile payments platform which has been designed to enable credit card issuers and mobile phone operators to develop and trial services that will allow cardholders to pay for purchases using their hand sets.

/Mobile & online banking

Retailers switching to contactless payments

Contactless payment systems are approaching the tipping point of adoption in retail, according to a global study by US-based Aberdeen Group which found that over half (58%) of retailers plan to implement the technology within the next two years.

/Mobile & online banking

Wachovia launches online mobile banking

US bank Wachovia is offering online banking customers a patent-pending mobile account information and intra-account funds transfer service for Internet-enabled cell phones and PDAs.

/Mobile & online banking

Spending on contactless payments systems to hit $800m by 2011

Spending on contactless payments hardware and software will reach $870 million by 2011, up from just $260 million in 2006, a compound annual growth rate of 27%, according to a US study by New York-based ABI Research.

/Mobile & online banking

Alliance and Leicester to introduce mobile banking

UK banking group Alliance and Leicester (A&L) is launching a mobile banking service in the new year to run on the MoniLink network developed by IT services firm Morse and the Link Interchange Network.

/Mobile & online banking

Rabobank introduces bundled m-banking and calling service

Dutch banking group Rabobank is introducing Rabo Mobile, an integrated mobile banking and voice calling service.

/Mobile & online banking

Visa to trial mobile payments at California HQ

Visa USA is to conduct a pilot of mobile contactless payments technology at its California headquarters which is expected to lead to a larger scale public trial over the next year.

/Mobile & online banking

First Direct to trial mobile video banking

The UK's first direct is to provide video access to customer representatives over the mobile phone network in an experimental technology trial with wireless operator 3.

/Mobile & online banking

MasterCard reports European trials of contactless payments technology

MasterCard says the first trials in Europe of its contactless EMV credit payments technology are being launched in France, while a UK pilot of its contactless debit payments system by the Royal Bank of Scotland is being extended.

/Mobile & online banking

Iris Capital invests EUR3m in Clear2Pay

Belgium-based payments systems vendor Clear2Pay says it has secured EUR3 million in funding from Paris-based Iris Capital, which includes a EUR1 million equity stake in its business.