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CaixaBank launches the CaixaBank Pay mobile payment service

CaixaBank has launched ‘CaixaBank Pay’, a new app for any NFC-enabled or android devices. The bank estimates that the service could be used by more than 70% of its mobile banking customers. With the new payment app, customers can download their CaixaBank Visa cards to their mobile phones and use the phone like a contactless card for purchases at any retail… Continue reading >>

US mobile cheque deposit on the rise

One in seven Americans have used mobile cheque deposit using a mobile device within the past year – up from one in eight Americans last year, according to a recent survey by the American Bankers Association.  Of those who have used mobile cheque deposit, 54% report using it at least once per month. “mobile cheque deposit continues to attract more consumers… Continue reading >>

Advanced Payments – Which paths to success?

PCM in partnership with Edgar, Dunn & Co. and American Express unveil the findings of the latest Advanced Payments Survey. The annual Advanced Payments Survey, 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… Continue reading >>

Mobile payments poised for explosive growth

Worldwide mobile payments will account for $1 trillion in value in 2017, up 124% from the less than $500 billion expected in 2015. Asia/Pacific markets will contribute to this growth greatly as mobile commerce (or mCommerce) transactions with remote payments take off across the region. Driven by a high number of initiatives and diverse mCommerce maturity level, Asia/Pacific is expected… Continue reading >>

Research reveals little impact from mobile payments on cash use

The ATM Industry Association (ATMIA) has released a new research paper, “US Mobile Payments: Do They Disrupt Cash?” which examines the impact of mobile payments on the growth of cash. Despite all the attention it receives, mobile payments still account for only a very small fraction of retail in-store payments. ATMIA sought to determine what real impact mobile payments are having… Continue reading >>

BlackBerry and PayPal team up for P2P payments

BlackBerry has teamed up with e-commerce giant PayPal for a trial that lets BBM users in Canada send and receive money through its messaging service. Upon connecting their PayPal account, BBM users can send money to friends and family within a chat by selecting a PayPal icon and entering the amount. The external beta trial is available for some BlackBerry,… Continue reading >>

Mobile catching up on branches in US

The mobile channel is catching up with the internet and branch as the most popular banking channel for US consumers, according to an American Bankers Association (ABA) survey. The ABA survey found that the internet continues to be America’s most popular banking channel, however, mobile is rapidly catching up. Of 1,000 US adults polled for the ABA by Ipsos Public… Continue reading >>

Paym reaches £70 million mark

UK person-to-person mobile payments service Paym has recorded more than three-quarters of a million transactions in the first half of 2015. Paym lets users make payments from within their banking app by using a mobile phone number, without the need to disclose sort codes and account numbers. So far, 17 banks and building societies are participating in the service, covering… Continue reading >>

KPMG: mobile banking usage to double in 4 years

The number of global mobile banking users is set to double to 1.8 billion over the next four years, according to research by KPMG, using primary survey data supplied by UBS Evidence Lab. KPMG’s “Global Mobile Banking Report” states that although the mobile channel is already the largest channel by volume of transactions, its adoption by new customers is now… Continue reading >>

ING Bank launches voice biometric payment system

While banking customers have already been able to use the voice control mode on the ING Netherlands app, now they can also make voice-activated payments leveraging voice biometric technology. A smart alternative to PINs and passwords, voice biometrics makes mobile banking easier in the ING Netherlands mobile banking app. Over 100,000 ING Netherlands’ customers already use the virtual assistant in… Continue reading >>