All articles by : Elliott HolleyRSS

Mobile call recording poses dilemma for financial institutions

Haworth:

The rise of bring your own device is posing a major challenge for banks and financial markets firms, as the growing variety of handsets on the trading floor complicates efforts to enforce the UK’s mobile call recording obligations.

NFC at heart of Brazilian mobile payments project

Brazilian flag

Brazilian banking group Bradesco is planning to roll out NFC mobile payments across Brazil by summer 2014, through a partnership with mobile operator Claro and SIM card provider Giesecke & Devrient.

Monitise targets Turkish mobile money

stanbul’s Pozitron will now become part of Monitise’s mobile money empire

Mobile money firm Monitise has acquired Istanbul-based mobile technology specialist Pozitron Yazilim, in a £24 million all-shares deal that highlights the growing demand for mobile financial services in the eastern Mediterranean’s largest market.

Turkcell inks mobile wallet deal with Garanti Bank

Turkcell mobile wallet launched in Sanliurfa and is now being rolled out across Turkey by Garanti Bank

Turkish mobile operator Turkcell and the country’s Garanti Bank and have partnered with Visa Europe in a deal aimed at bringing the Turkcell mobile wallet to more consumers in Turkey.

Voxsmart prepares cloud mobile voice recording service for banks

Voxsmart says its new voice recording software is the first to capture every kind of communication

A new mobile voice recording service is being developed by UK tech company Voxsmart, which it claims is the first to automatically capture every type of communication on a mobile device so that it can be used for trading compliance purposes, including the FCA in the UK and Dodd-Frank in the US.

Intelligent Environments rolls out Pebble smartwatch banking app

The Pebble smartwatch

A UK technology company has created a banking app that promises to help customers keep track of their finances at a glance, interfacing with the Pebble smartwatch which launched launched in January 2013.

Isis mobile wallet goes nationwide in US

The latest version of the Isis mobile wallet service has been launched across the US, following 18 months of testing in Texas and Utah by AT&T, T-Mobile USA and Verizon Wireless.

SIA’s Andrea Galeazzi takes up chairmanship at Emmecom

Andrea Galeazzi is now chairman at Emmecom

Andrea Galeazzi, director of network services at Italian payments and technology infrastructure company SIA, has taken up a new role as chairman at Italian telecoms firm Emmecom. The move is part of SIA’s acquisition of the smaller firm, which took place in July and forms a key part of its European expansion plans.

Consumers don’t trust mobile payments study finds

UK consumers are deeply concerned that mobile payments aren’t safe

Fewer than one in four of UK consumers would use their smartphone like a credit card to make payments even if they had the relevant app, according to a new survey carried out by YouGov on behalf of outsourcing firm Firstsource Solutions.

Colombian mobile payments venture targets 35% unbanked

colombia

A new mobile payments network called YellowPepper has launched in Colombia, marking the beginning of a massive project to bank the unbanked and sweep away the dominance of cash across the Spanish-speaking Americas.

Orange to launch mobile payments with Visa in Botswana

Orange is bringing mobile payment services to Africa

Operator group Orange is planning to launch a set of mobile payment services in Botswana and other countries in Africa and the Middle East, which it says will easy access to funds around the clock and bring new point of sale, online and ATM transaction options to customers.

Indian bank ICICI launches mobile payment

India’s ICICI Bank is to launch a mobile payments service built by Movida, the Indian joint venture between Visa and mobile money specialist firm Monetise, that will draw on the potential to reach unbanked customers in the country.

Polish banks collaborate on m-payments initiative

Mobile payments looks set to receive a boost in Poland

Alior Bank, Bank Millennium, Bank Zachodni WBK, BRE Bank, ING Bank and PKO Bank Polski intend to build a common infrastructure including standard authorisation and settlement. The system will be open to all market participants, including other banks, and will support abilities such as mobile cash withdrawal from ATMs and mobile money transfer.

Telefónica partners with Spanish banks on payment services

Telefónica claims that this is the first partnership of its kind in Europe

Telefónica has partnered with Spanish banks La Caixa and Santander to deliver mobile payment services and a digital wallet. Users of the new service will be able to gather all their credit cards into the new digital wallet; they will also be able to send and receive funds via their mobile phone. Bank account details will not be necessary; all the sender needs is the recipient’s phone number.

Mobile and internet to “destroy” retail banking models

Financial sector commentator and author Brett King

Disruptive digital technologies such as mobile communications and the internet will destroy established retail banking business models, according to financial sector commentator and author Brett King, by removing the physical product and replacing it with a digitised bank account.

Financial sector unconvinced about mobile payments

IPS delegates disagreed over the future of mobile payment

Senior executives from the financial sector are split over the extent to which mobile payment technology has failed to take off – and what they can do to fix it.

iZettle and Santander “democratise” cheap card payments

iZettle_S3_CoP_int_large.jpg

Spanish bank Banco Santander has signed a deal with iZettle, a fledgling Swedish payments specialist that focuses on ‘social’ payments. The two companies plan to distribute mini chip-card readers to customers, so that they can accept card payments with smartphones and tablets.

Commerzbank adopts visual security tool for mobile payments

photoTAN-App-Commerzbank-237x180.jpg

Commerzbank has adopted a visual transaction signing tool from UK security firm Cronto for its online banking customers, designed to protect against Trojan malware.

Mobile banking to hit 1 billion users by 2017

Nitin-Bhas.jpg

As uptake of mobile banking services is predicted to reach one billion by 2017, banks are starting to view the mobile channel as an indispensable revenue stream, according to Nitin Bhas, senior analyst at telecoms research firm Juniper Research.

Tough year ahead for NFC as retail payments diversify

487px-Mobile_payment_01.jpg

NFC technology advocates face continued disappointment in 2013 as it is likely to be overshadowed by other developments in retail payments, according to a report by financial research firm Celent.

@telecoms