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Banks adopting biometrics against fraud

A new impact report finds that the use of knowledge-based analytics are on a fast decline, while various forms of behavioural analytics continue to see strong growth. The report, “Digital Channel Fraud Mitigation: The Mobile Force Awakens,” details the latest threats to banks and their customers, and looks at the technologies being used by banks. The research, which is based on spring… Continue reading >>

Nine drivers of mobile money identified as consumers embrace mobile

Global trade body Mobile Ecosystem Forum (MEF) has released its annual Global Mobile Money report. As new mobile payment models come online, and more sectors embrace mobile as the primary channel for customer engagement and transaction, the report reveals nine significant mobile money trends and explores how they are stimulating growth across the expanded mobile ecosystem. The report, based on a… Continue reading >>

Mobile banking the UK’s number one way to bank

Mobile banking by smartphone and tablet has become the leading way customers manage their finances, as mobile banking overtakes branches and the internet as the most popular way to bank. New research from CACI for the BBA shows that customers will use mobile devices to check their current accounts 895 million times in 2015, more than the 427 million branch… Continue reading >>

One in four UK consumers would share their DNA with their bank to secure financial information

A new mobile identity whitepaper from Telstra reveals the majority of United Kingdom (UK) consumers using mobile banking applications want their mobile devices to instantly recognise them via biometrics, such as fingerprint and voiceprint, instead of having to prove who they are with passwords and usernames. According to Telstra’s “Mobile Identity – The Fusion of Financial Services, Mobile and Identity” report, with… Continue reading >>

Banks lose out as half of online banking applications fail

Jumio has launched new research that benchmarks high street banks in their approach to digital account opening. The research report is based on interviews with eight leading high street banks which analyse and benchmark online account opening processes and technologies as banks and wider financial services attempt to reduce the volume of over-the-counter transactions. The common theme to all the banks interviewed… Continue reading >>

4 million active users of mobile banking in Poland

Smartphones are changing the way people make daily decisions. They are used not only to communicate or entertain. Mobile applications make different services accessible to customers regardless the place, time and without the need to use a computer. Most frequently used apps in Poland are banking and, in the second place, m- commerce[1] ones. Banking apps bring a significant change… Continue reading >>

Zapp launch ‘Pay by Bank app’ mobile payment paymark

Zapp has unveiled the new ‘Pay by Bank app’ paymark, a universal symbol indicating to consumers that a retailer accepts a Zapp-powered mobile payment from a bank app. Clicking the symbol online will automatically open a consumer’s bank app on their phone from which, once securely logged in, they can quickly complete payments. The paymark will also signify that a retailer is able… Continue reading >>

Wearables to shape the future of mobile payments?

At the Wearable World Congress in San Francisco, executives from Capital One, MasterCard and PayPal participated in an animated discussion about the future of mobile payments and explained why wearable technology is an important part of their companies’ game plans. Speaking from a shadowy stage, Stephane Wyper, MasterCard’s vice president of startup engagement and acceleration, said MasterCard is focused on… Continue reading >>

UK mobile payments projected to hit over £1.2bn a week by 2020

The UK is becoming an increasingly “cash-last” society as one in four Brits expects to use their mobile phone to make mobile payments on a daily basis by 2020, growing from the one in 12 who do so already today. According to new research from Visa Europe, consumer adoption of mobile payments will grow faster than ever in the next… Continue reading >>

Advanced Payments Report Infograph

The annual Advanced Payments Report, which this year has been produced by PCM in conjunction with American Express and written by consultancy Edgar, Dunn & Co. (EDC), has become one of the benchmark indicators of where the payment industry is heading at a time when many forms of payment methods and technologies are embarking on the path of convergence. With… Continue reading >>