MobileRSS

Mastercard launches safer payments guide for children

mastercard

Child & Youth Finance International (CYFI) and Mastercard have released a guide on banking and payment products for minors. The “Safer Payment Products for Minors” guide offers recommended practices on how financial service providers (FSPs) can develop age-appropriate payment products for minors; promoting responsible spending and financial decision-making. Walt Macnee, vice-chairman Mastercard, says: “Today’s minors […]

HSBC and First Direct to get VocaLink Pay by Bank app

Pay by Bank app 2

VocaLink’s Pay by Bank mobile payment app will soon be available to customers of HSBC and its subsidiary, First Direct. Pay by Bank app, created by VocaLink’s payment innovation team Zapp, enables people to make “digital debit” payments for goods and services via their banking app, with payment made directly from a current account. HSBC […]

Bokis in mobile payments first with Dankort card

Members of a Danish banking collective, Bokis, have become the first in the country to offer mobile payments using Dankort, the national debit and credit card. Bokis includes 62 banks that form the small to mid-sized banks segment of Lokale Pengeinstitutter (the Association of Local Banks, Savings Banks and Co-operative Banks in Denmark), together with […]

Square launches in UK

Square

San Francisco-based payments specialist Square has landed in the UK. This is the fifth market for Square, following the US, Canada, Australia and Japan.

Raiffeisen Bank Romania in digital tech revamp with Backbase

Backbase opens new R&D centre in Cardiff

Raiffeisen Bank Romania, a subsidiary of Austria’s Raiffeisen Group, is modernising its channels delivery with Backbase.

India’s proposed m-wallet rules don’t hinder Samsung Pay launch

India

While the Indian government works toward a digital economy, the Reserve Bank of India (RBI) is soliciting feedback through 31 March on guidelines for prepaid payment instruments (PPI) that could adversely affect issuers of prepaid products, including mobile wallets. Banking Technology‘s sister publication Paybefore reports that the biggest sticking points with industry players pertain to […]

Top fintech stories this week – 24 March 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

UnionBank launches New EON, the first “selfie” banking in the Philippines

Making banking delightful

UnionBank of the Philippines (UnionBank) has launched the New EON, a new digital banking platform (a revamped version of the original EON, launched at the start of the millennium). The mobile biometric authentication tech is provided by Daon.

RBS continues with branch closures and job cuts

rbs 2

Royal Bank of Scotland (RBS) is closing 30 of its own branches and 128 of its subsidiary, NatWest, putting 470 people out of work. The bank says this decision is a result of the changing consumer behaviour, which has now shifted to digital banking.

Samsung Pay makes its India debut

Samsung Pay logo

Digital payments app, Samsung Pay, has been launched in India. Access is limited to those who signed up for the early access programme and available only on its mid-segment and flagship Samsung Galaxy devices.

@banking
techno