Remove money mobile-phones
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‘I was in despair’: how lending a phone led to life savings being stolen

TheGuardian

Thief went on £9,000 spree with the victim’s money before using her Uber account to travel to Stansted If you are one of those people who keeps their debit card in their mobile phone case, has a note of their pin on their handset, or only ever uses mobile banking, you may want to rethink your setup after you read the case of Sami Souret*.

Lending 104
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With ‘fintech startup mentality,’ MoneyGram launches text payments   

Bank Innovation

MoneyGram is upgrading its digital capabilities beyond international cash pickup services with FastSend, a new feature that allows customers to send money to recipients’ accounts via mobile phone numbers instead of account numbers. The feature rolled out earlier this month.

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1 mln cell phone subscribers in Ethiopia sign up for mobile money service in less than a week after launch

The Paypers

Ethio Telecom has announced that more than 1 million cell phone subscribers in Ethiopia have registered for a new mobile money service less than a week after its launch.

Mobile 35
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Hackers Hit Mobile Money Payments Processor In Uganda

PYMNTS

Ugandan police are investigating the hacking of a third-party processor of phone-based transactions, Bloomberg reported, that affected MTN Group and Standard Bank Group 's local units. Mobile money is a big market in Africa for making payments.

Mobile 324
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Why Internet Bank Fraud is So Much More than IP Addresses

Abrigo

Takeaway 2 Stay informed of trends in mobile fraud as well as internet bank fraud. Is the interest in detecting money movement, or merely account access? If both aspects are of concern, then it's pertinent to note that the movement of money through online banking primarily occurs via ACH and wire transfer.

Fraud 195
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PayPal Boosts Xoom’s Money Transfer Capabilities In US

PYMNTS

PayPal is upping its mobile payments game. 19) unveiled a major upgrade to Xoom , enabling customers across the United States to use the mobile payments app to send money straight to the bank account of a family member, friend or another recipient. By giving more power to Xoom customers to transfer money in the U.S.,

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Mobile Banking Firm Chime Gets $14.5B Valuation With New Funding

PYMNTS

Mobile banking upstart Chime has completed funding that has provided the firm with a $14.5 Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. We’re a mobile app, and that’s how we deliver our services.”.

Mobile 264