Mobile & online banking

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/Mobile & online banking

Chase introduces SMS banking service

US bank Chase has launched a SMS-based banking service that enables customers to access account information using their mobile hand sets.

/Mobile & online banking

Temenos partners FE-Mobile for m-banking offering

Swiss banking systems vendor Temenos is teaming with London-based FE-Mobile to add mobile banking and payments functionality to its ARC front office CRM application.

/Mobile & online banking

Lloyds TSB launches SMS 'limit alert' service

Lloyds TSB is introducing a new text message service that will alert current account customers if they are close to, or over, their overdraft limit.

/Mobile & online banking

Sumitomo Trust and SBI team for direct banking JV

Japan's Sumitomo Trust & Banking is teaming with venture capital firm SBI Holdings to launch a direct banking operation later this month.

/Mobile & online banking

Bank of America introduces SafePass mobile authentication service

Bank of America (BoA) has introduced a two factor authentication system, called SafePass, that operates via a mobile phone. The bank is also piloting a wallet-sized card that generates a single-use password that can be used to authorise online brokerage and banking transactions.

/Mobile & online banking

HSBC investigates 'out of band' authentication for Web users

HSBC is investigating 'out of band' authentication security for online banking - in which unique ID log-in codes are communicated by telephone - as a possible alternative to the two factor card reader programme backed by UK payments association Apacs.

/Mobile & online banking

Telrock and PayPoint to punt SMS bill payment service

Mobile communications outfit Telrock is partnering with UK payment operator PayPoint to provide a service for consumers to pay bills and top up their mobile phones via text message.

/Mobile & online banking

Nets and SingTel team for m-payments trial

Singapore's Network for Electronic Transfers (Nets) is teaming with telco SingTel and three of the island's biggest banks to launch a consumer trial of NFC-enabled wireless wallet technology.

/Mobile & online banking

Mobile banking set to soar in US - report

The number of US customers using mobile banking services is set to surge in the next few years and will rise from 1.6 million in 2007 to 35 million by year-end 2010, according to Boston-based research consultancy Aite Group.

/Mobile & online banking

Google patents SMS payments system

The publication of a patent filing has fuelled specualtion that Internet search engine Google is gearing up to launch a payments service, dubbed GPay, that would enable users to pay for purchases using SMS text messages.

/Mobile & online banking

UK telcos launch mobile payments system

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.

/Mobile & online banking

Politicians urge action against SMS loan start-up

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.

/Mobile & online banking

NAB to conduct m-payments pilot

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.

/Mobile & online banking

Diebold granted patents for technology that marries mobiles to ATMs

US ATM manufacturer Diebold has been granted five US patents covering applications that will enable mobile devices to interact directly with banks' cash machines.

/Mobile & online banking

India tops Asia Pacific survey for mobile banking penetration

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.

/Mobile & online banking

HSBC launches SMS banking for business

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.

/Mobile & online banking

NCR invests in contactless payments firm Vivotech

US ATM vendor NCR has made an undisclosed strategic investment in Silicon Valley-based contactless payments outfit Vivotech.

/Mobile & online banking

Global Payments inks card processing deal with Sarajevo's Postbank

US e-payments outfit Global Payments has won a five year agreement to provide card processing services to Sarajevo-based Postbank BH.

/Mobile & online banking

M-banking network Monilink clocks up 25,000 users

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.

/Mobile & online banking

Royal Bank of Scotland introduces m-banking service

The UK's Royal Bank of Scotland (RBS) Group is launching a mobile banking service for its 13 million debit cardholders.