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Mobile Banking

Welcome to the News View for "Mobile Banking".

Here, on these archive pages, you'll find all of the articles on Payments News for Mobile Banking listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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August 14, 2013

Headline News from - August 14, 2013

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Updates from Glenbrook:

August 09, 2013

Headline News from - August 9, 2013

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  • Coming Soon!

Updates from Glenbrook:

August 06, 2013

Headline News from - August 6, 2013

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August 05, 2013

Headline News from - August 5, 2013

On the web:

  • We can’t make good coffee, but we can simplify payments - VeriFone Blog - "By leveraging many of the same technologies that helped to catalyze payment innovation, combined with forward-looking products that simplify the complexity inherent in payments, VeriFone is changing the model by which its customer and partners leverage new technology while easing the burden of adoption and deployment."
  • Mobile Chat Has a Place in Every Banking App - American Banker BankThink (Simon Zhen) - "Mobile chat, which is essentially text messaging with a bank associate, is less formal than an email and less time-consuming than a phone call."
  • Tune In to TMG’s New Podcast: The Future of Payments - TMG Blog - "As new competitors and new technology permeate the payments industry, financial institutions (FIs) must look for solutions to keep their brands relevant and attractive to consumers."

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Updates from Glenbrook:

August 02, 2013

Headline News from - August 2, 2013

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Updates from Glenbrook:

July 31, 2013

Headline News from - July 31, 2013

On Twitter

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Updates from Glenbrook:

July 30, 2013

Headline News from - July 30, 2013

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July 15, 2013

Headline News from - July 16, 2013

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Preparing for a Post-Card World: Fortifying Brands in a Cardless Society

Pitney Bowes has published a new white paper titled "Fortifying Brands in a Cardless Society" that is says is intended to "help credit card brands keep their business relevant in a cardless society." The report is subtitled: "5 key ways card issuers can maintain their edge in a world without plastic."

“This is a seismic shift in the payments industry,” said Berk Charlton, Global Software Portfolio Director, Pitney Bowes. “Brands that establish an early presence with applications that touch a large number of consumers will have a significant competitive advantage in digital commerce over the next decade.”

The report notes: "In the end, issuers are selling credit and payment convenience, not cards..."

July 11, 2013

Braintree Offers Venmo Touch to Card Issuers, Mobile Banking Providers

Braintree logo 140pxBraintree has announced it will offer its Venmo Touch mobile checkout experience to card issuers and mobile banking providers. Braintree also announced that it is collaborating with Simple to give Simple's customers access to Venmo Touch. Braintree says this is its first collaboration to offer direct banking integration for Venmo Touch.

"Consumers are quickly moving to mobile as their primary computing device and they expect easy, mobile-optimized purchasing experiences," said Braintree CEO Bill Ready.

"Simple is defining what the future of banking will be in a mobile world. With Venmo Touch, Simple is ensuring that their customers will have access to the absolute easiest way to pay on mobile devices."

Braintree says it currently enables single-click purchasing for more than 40 million consumers across thousands of e-commerce sites and applications. The company handles more than $10 billion in payments annually, with more than $2 billion of that originating from mobile purchasing.

July 08, 2013

Headline News from - July 8, 2013

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Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
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June 18, 2013

Headline News from - June 18, 2013

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Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
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April 25, 2013

Headline News - April 25, 2013

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 23, 2013

Headline News - April 23, 2013

On Twitter (follow us: @paymentsnews):

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

March 27, 2013

Federal Reserve Releases Survey On Mobile Financial Services

FedThe use of mobile phones to access a bank account, credit card, or other financial account became more prevalent in the Unites States last year, according to the Federal Reserve Board's latest report entitled, "Consumers and Mobile Financial Services 2013".

Mobile devices have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. The Board's report looks at how consumers access their bank's services using mobile phones ("mobile banking"), at their payment for goods and services using mobile phones ("mobile payments"), as well as their use of mobile phones to inform their shopping decisions.

The full report can be downloaded here.

March 08, 2013

Visa Europe Strengthens Partnership with Mobile Money Provider 'Monitise'

Visa logo 60pxhMonitise and Visa Europe have announced that they are further strengthening their partnership via a new three-year commercial agreement spanning the development and deployment of Mobile Money payments and mobile commerce solutions for Europe’s leading financial institutions. The investment provides Visa Europe with licence rights to all aspects of Monitise’s mobile technology. "The new relationship incorporates minimum revenues to Monitise of €45 million over the first three years with the potential for greater revenues as certain user generated thresholds are achieved."

February 14, 2013

Visa Launches Mobile Money Managed Service

Visa logo 60pxhVisa announced the launch of a new plug-and-play mobile money platform that will make it easy and cost-efficient for financial institutions and mobile operators to offer mobile financial services to consumers.

The global platform is the world’s first bank-grade managed service for mobile money – meaning it allows Visa to host and fully manage all aspects of a mobile money program on behalf of the provider, from user interface design to consumer enrollment, transactions processing, authorization, clearing and settlement. The new service can enable domestic-only or globally interoperable mobile money services.

The new platform is built on Fundamo’s technology, the mobile money technology acquired by Visa in 2011.

February 01, 2013

FIS to Acquire mFoundry

FIS logo 140pxFIS announced it has signed a definitive agreement to acquire the remaining 78% interest in mFoundry.

“mFoundry has a well-earned reputation for innovation, powerful vision and agile development and delivers one of the most advanced mobile platforms in the market today,” noted Gary Norcross, FIS president and chief operating officer. “Consumers have adopted the mobile channel faster than any other delivery channel in existence, and delivering industry-best mobile solutions is a vital focus area for FIS. Our goal is to provide the solutions that underpin an organization’s ability to best reach and serve its customers, and the addition of mFoundry plays a key role in that strategy.”

mFoundry's mobile platform has more than 850 clients including some of the largest banks, credit unions, payments processors, and retailers in the US. mFoundry built the original Starbucks Card mobile app.

January 16, 2013

Payments Views - Green Dot’s New Mobile-Optimized Bank Account

Glenbrook PartnersOver on Payments Views, Glenbrook's Allen Weinberg has a post about "Green Dot's New Mobile-Optimized Bank Account". Allen went to the product launch event and came away thinking that GoBank is not only a new brand almost a new product category. "What I found most interesting was Green Dot’s focus on the 'unhappily banked' and those new to the banking system, like my two teenage sons."

January 15, 2013

Green Dot Launches Mobile Bank Account for Smartphone Generation

Gobank logo 140pxGreen Dot has announced GoBank, "the first bank account designed from scratch to be opened and used on a mobile device. Launching in limited release, with general availability to come later this year, GoBank is fast, fair and feature-rich, allowing consumers to interact with their money in a way that’s immediate, intuitive and intimate. In addition to GoBank’s consumer-friendly pricing model of no overdraft fees or penalty fees and no minimum balance requirements, GoBank makes it easy to send and deposit money, build a budget and find an ATM, with a massive network of more than 40,000 fee-free ATMs." And don't forget the FDIC insurance.

Website is located at

April 16, 2012

April 10, 2012

April 02, 2012

Payments Views - Mobile Money in the Americas

GP Logo Horizontal 140pxOver on Payments Views, our sister blog, Glenbrook's Carol Coye Benson reflects back on her recent trip to the Mobile Money Americas conference in Mexico City.

There is a tremendous attitude of optimism here, and what appears to be a shared belief that these systems can, with proper regulatory support, provide real social good – helping in particular unbanked consumers to get access to ways of keeping, saving, and moving money securely.

The full post, Mobile Money in the Americas: Regulation, Infrastructure and Business Models, is available now.

March 26, 2012

Monitise to Acquire Clairmail for $173 Million

Monitise logo 140pxMonitise announced that it has entered into an agreement to acquire Clairmail for $173 million.

Currently, the combined businesses provide world-leading mobile money services to 13m registered end consumers via some of the world’s leading financial institutions such as the Royal Bank of Scotland Group, two of the largest card issuers in the US, Lloyds TSB, PNC Bank, U.S. Bank and Fifth Third Bank among others. Together the combined technology platforms process billions of transactions a year and over US$10bn of payments and transfers on a current weekly annualised basis.

March 15, 2012

Headline News - March 15, 2012

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On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

March 14, 2012

Consumers and Mobile Financial Services

FedThe U.S. Federal Reserve has released the findings from an online survey, conducted in December 2011 and January 2012, examining the use of mobile technology to access financial services and make financial decisions.

One out of five American consumers used their mobile phone to access their bank account, credit card, or other financial account in the 12 months ending in January 2012 and an additional one out of five indicated they would likely use mobile banking at some point in the future.

The full "Consumers and Mobile Financial Services" report is located here.

March 13, 2012

H&R Block and Wipit Partner on Mobile Financial Services for Unbanked

Wipit logo 140pxH&R Block Bank and mobile payments provider Wipit have announced a partnership to provide mobile financial services to "cash preferred customers".

"The underbanked consumer represents an entirely different market opportunity for merchants. We're excited about our partnership with H&R Block and the tremendous value we can jointly offer cash preferred consumers and the merchants who serve them," said Wipit, Inc. CEO Richard Kang.

Wipit also announced an investment by H&R Block. The Wipit website is at

February 28, 2012

Oberthur to Acquire Mobile Money Provider MoreMagic

Oberthur logo 140x60pxOberthur Technologies has entered into agreement to acquire MoreMagic Solutions, a mobile financial services solutions provider, based in Waltham, MA.

Xavier Drilhon, CEO of Oberthur Technologies: “The acquisition of MoreMagic is fully in line with our growth strategy notably in our Solutions business and more specifically in the NFC eco-system. The complementarities between our respective technological bricks and Oberthur Technologies’ TSM expertise will perfectly fit the needs of our clients, in both mature and developing countries.”

This acquisition remains subject to the consultation of employees work council and other customary approvals, including from relevant antitrust authorities.

February 23, 2012

TIO to Launch Cloud Wallet for North America’s Underbanked Population

Tio logo 140x60pxTIO Networks has announced it will launch a cloud-based wallet platform, TIO Wallet, designed to help the estimated 60 million Americans who have limited access to mainstream financial products.

“Finally, a Wallet designed from the ground up to meet the evolving needs of the underbanked consumer,” said Hamed Shahbazi, Chairman and CEO of TIO Networks. “The vast majority of TIO’s $1B worth of transactions per year, support the underbanked marketplace. We know what is important to this customer and are proud to serve them.”

MasterCard Launches Partnership Program for Mobile Money Services

MasterCard logo 140pxMasterCard has announced a global initiative called the MasterCard Mobile Money Partnership Program to help financially-underserved consumers gain access to financial services through their mobile phones.

“With about five billion mobile phone users worldwide, this program provides powerful, smart and convenient new payment options to people through a device that’s already in the palm of their hands today,” said Mung Ki Woo, Group Executive, Mobile, MasterCard Worldwide. “Our approach is to work with all leading players in the Mobile Money ecosystem to bring the benefits of electronic payments to those who otherwise wouldn’t have access to formal financial services. Comviva, Sybase 365 and Utiba are key strategic platform partners to help implement this vision.”

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