How ‘Pandenomics’ Will Drive Mobile Check Deposits

PYMNTS

“Pandenomics” may usher in a new age for mobile check capture and deposits. Does Growth In Mobile Texts Portend Growth In Mobile Checks? Against that backdrop, there’s room for mobile check deposit to enter its next leg of growth.

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Blockchain 101: Mobile payments

Mobile Payments Today

Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry

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COVID-19 is the perfect time for mobile payments

Mobile Payments Today

With COVID-19 causing customers to turn up their masked noses to cash, the time is now for mobile payments to take the world by storm

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Free research: Open Banking, Mobile Money and Digital Currency

Chris Skinner

One is a survey from Salt Edge on the lack of success of the use APIs and Open Banking, two years after the introduction of PSD2; the second is from the GSMA on the state of mobile financial services; and the third is … The post Free research: Open Banking, Mobile Money and Digital Currency appeared first on Chris Skinner's blog. Grid MobileI just found three interesting management reports.

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Mobile Payments 101: Retail

Mobile Payments Today

The world of mobile payments has changed significantly over the past decade – and particularly over the past few years as smartphones and other mobile devices have become ubiquitous. In this report, we will review some of the main themes and trends in the mobile payments market

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Adjust report identifies 3 trends in mobile finance to keep an eye on

Mobile Payments Today

As mobile finance takes up an ever-more central part of our daily lives, understanding the benchmarks and trends from within this fast growing vertical is more vital than ever.

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Starbucks accelerates shift to mobile

Mobile Payments Today

Over the next 18 months, Starbucks will increase convenience-led formats in company-operated locations with drive-thru and curbside pickup options, as well as its Pickup locations, according to a filing with federal regulators

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RecargaPay: From Mobile Top-Ups To Mobile Financial Services Ecosystem

PYMNTS

But there was no less friction associated with consumers making payments for essential services — mobile top-ups, bill payments, everyday purchases, Teijeiro told Webster, and very cash-based.

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The Mobile Wallet Hierarchy of Needs

Bank Innovation

He was talking about it in the context of “platformification,” but it got me to thinking about how we might leverage a similar analogy in discussing mobile wallets. Mobile Payments Retail Risk Security Technology Android Pay Apple Pay banking banking app banking fraud card fraud consulting mobile app mobile banking security Mobile Payments mobile wallet Starbucks

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The Advantages of Utilizing Point-of-Sale Mobile Payment Technology

Mobile Payments Today

Any business can now conveniently accept mobile payments, which has become an invaluable part of many businesses’ services and operational workflow

How Retailers Can Ride The Rise Of Mobile Wallets

PYMNTS

Mobile payments have long been billed as the next big thing. Starting with the release of Apple Pay in 2014, there was a veritable rush of proprietary mobile wallets sent to market, a host of “. But although they want mobile, they aren’t looking for the 1.0

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Mobile Payments On Smartphones Soar In Japan

PYMNTS

Making mobile payments with a smartphone in Japan is more popular than ever, according to eMarketer, a New York-based market research company. It also predicts that by 2023 the number of mobile payment users will rise to nearly 28 million, 25 percent of the population.

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Hackers Hit Mobile Money Payments Processor In Uganda

PYMNTS

Charles Twine, spokesman for the Criminal Investigation Department, said the hackers had gotten into the mobile money systems and stolen funds, according to Bloomberg. Mobile money is a big market in Africa for making payments.

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1 in 4 Consumers Bank Mobile-Only

Bank Innovation

The popularity of mobile is on an upswing—so much so, in fact, that many banking clients now choose to do the entirety of their banking through their mobile device. An average of 25% of banking customers are “mobile-only,” according to the June Monkey Insights report released by Malauzai Software last week. DataBank Databank Mobile Online Mobile banking mobile-only banking Monkey Insights online banking

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Mitigating Mobile Fraud with Secure Subscriber Enrollment

Mobile Payments Today

To streamline the enrollment process, while reducing the potential for fraud, GIACT released a new white paper, Mitigating Mobile Network Fraud with Secure Subscriber Enrollment , detailing the best practices in secure digital enrollment

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RBC revamps direct investing on mobile app

Bank Innovation

Royal Bank of Canada is slated to launch a personalized direct investment experience for customers on its mobile app in three weeks. Carousel Corporate Banking Customer Experience Exclusive Premium Product Design Retail Banking Finn Greenhouse JPMorgan Chase mobile app personalization RBC Royal Bank of Canada Wells Fargo

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Black Friday sets online, mobile shopping records

Mobile Payments Today

showed more consumers embracing mobile and general online shopping for the best deals. Black Friday shopping figures in the U.S. Meanwhile average order volume increased, showing more willingness to make big ticket purchases via smartphone

Online 265

BBVA Mobile Customers Pass 15M

Bank Innovation

Spanish bank BBVA now has over 15 million mobile active users, a growth rate of over 40% within the past year as the bank adds more services to mobile. This MAU growth comes as more and more consumers have begun adopting mobile banking as the norm. Features Mobile BBVA Mobile banking mobile customersAside from the addition of new customers in this […].

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Mobile coupons drive loyalty, customer engagement

Mobile Payments Today

Retailers and others have transitioned physical coupons to the mobile space, as a way to enhance customer loyalty and engagement

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Mobile-First Checking Account T-Mobile Money Goes Nationwide

Bank Innovation

T-Mobile Money, a mobile-first checking account, has launched nationwide, the telecom giant announced today. The company touts the app as a no-fee, easy-to-use account through which T-Mobile customers can earn 4% interest on their balances up to $3,000 if they deposit at least $200 each month, and 1% on every dollar over that. Payments Premium Retail Security & Risk Apple Pay BankMobile Customers Bank Mastercard Mobile banking P2P T-Mobile

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2020 Guide: Building a high-performance mobile money business strategy

Mobile Payments Today

For aspiring mobile money businesses, the potential rewards are great, but building a robust and flexible growth strategy (and curating the right technology to power that strategy) remains a challenge. Learn how to reduce risk and drive adoption with one of the industry’s leading mobile transaction innovators

Mobile adoption jumps at Citi

Bank Innovation

Citibank is reporting strong mobile user growth. In a second-quarter earnings call today, the bank reported active mobile users grew 12 percent year-over-year for North America customers (11.4 Carousel Customer Experience Retail Banking Citi Mobile banking online bankingmillion users) and 39 percent for its international customers (8.9 million users). Meanwhile, online banking grew more modestly, with a 6% increase for North America customers (18.8 […].

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Virgin Mobile trusts eGain

Mobile Payments Today

eGain Knowledge+AI reduces unnecessary handset exchanges and saves millions of pounds

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Qdoba, California Tortilla advance mobile ordering

Mobile Payments Today

California Tortilla and Qdoba have launched mobile app upgrades

T-Mobile extends its mobile money program to Sprint customers

Payments Source

T-Mobile Money is now being offered to the 150 million customers of the combined wireless carriers, which merged this spring. Digital banking Sprint Overdrafts Mobile banking Digital Banking 2020

An introduction to mobile commerce in China

Mobile Payments Today

However, the nuances of this market are important to understand and the role of mobile expansion is critically important The Chinese e-commerce market is one of the most important in the world and represents a lucrative opportunity for digital expansion.

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The Wild Ride Of Mobile Order-Ahead Apps

PYMNTS

As we discover in PYMNTS’ September 2020 Mobile Order-Ahead Tracker® done in collaboration with Kount , “[The] number of food delivery app users could climb 25.2

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USA Mobile Wallet Adoption Is Growing, But Slowly

Bank Innovation

Mobile wallet usage is increasing across the globe, but for countries with more fleshed-out credit card networks, that growth is still slow. DataBank Mobile Payments credit cards fintech Mobile Payments mobile wallet adoption mobile wallets online paymentsThis is according to the second part of the Global Consumer Survey: Consumer Trust and Security Perceptions report conducted by ACI Worldwide and the Aite Group.

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Mobile adoption jumps at Citi

Bank Innovation

Citibank is reporting strong mobile user growth. In a second-quarter earnings call today, the bank reported active mobile users grew 12 percent year-over-year for North America customers (11.4 Exclusive Retail Banking Citi Mobile banking online bankingmillion users) and 39 percent for its international customers (8.9 million users). Meanwhile, online banking grew more modestly, with a 6% increase for North America customers (18.8 […].

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Mobility Giants Gear Up To Enter Insurance Fast Lane

Daily Fintech

In April 2019, Ford Motors created a new division representing multiple lines, including micro-mobility, non-emergency medical transport and city solutions. The post Mobility Giants Gear Up To Enter Insurance Fast Lane appeared first on Daily Fintech.

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Payment security in a world going mobile

Mobile Payments Today

As a rising number of consumers use digital payments to conduct ecommerce transactions, businesses need to make sure their mobile apps are secure. Customer identity and payment information is increasingly at risk as fraud actors find new ways to compromise mobile platforms

T-Mobile and Sprint: A merger of mobile payment pioneers

Payments Source

telco sector has worked hard to control the mobile wallets developed on its phones. While its earliest efforts didn't last long, companies like T-Mobile and Sprint took decidedly different paths to reach where they are now. Mobile payments Prepaid cards Internet of things Mobile walletsThe U.S.

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Mobile Order-Ahead Goes Mainstream

PYMNTS

Mobile food ordering has quickly gone from niche activity to mainstream. Between 2016 and 2018, the volume of orders placed through mobile apps grew by 130 percent, according to PYMNTS’ Mobile Order-Ahead Tracker. Mobile represents roughly 60 percent of all digital restaurant orders today. Mobile doesn’t just mean apps – order-ahead technology is also increasingly being integrated into cars, and the rise in mobile ordering is affecting restaurants themselves.

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Retailers are pushing mobile apps, but not always security

Payments Source

Even before the COVID-19 pandemic forced retailers and consumers alike to consider the benefits of shopping via a mobile app, providers of shopping and loyalty apps were seeking partnerships with security vendors to deploy fraud prevention technology.

A Five-Step Action Plan to Mobilize ‘Mobile First’

Gonzobanker

Hard as it is to fathom, we’ve just seen digital banking morph from “important” to “existential” status in one week’s time, and banks and credit unions that aren’t able to market, sell and serve their customers in an entirely mobile capacity are now facing an existential threat. Here is a Five-Step Action Plan to MobilizeMobile First.”. The possibilities extend way beyond making deposits with mobile remote deposit capture or paying bills.

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