New Bank of America mobile banking features give clients instant one-touch access

Bank of America mobile banking - banking, economy, mobile phone

The Bank of America has announced a new feature designed to improve the mobile banking experience. The Bank of America mobile banking app will soon offer a feature that enables their mobile clients to switch between its app and the apps of its subsidiaries, without having to re-authenticate. These subsidiaries include Merrill Lynch, Merrill Edge, and U.S. Trust. Mobile banking clients can now manage their banking and investing with greater convenience. Without having to re-authenticate between the mobile apps, it is easier for clients to manage their banking and investing…

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HSBC mobile payment app launches through VocaLink partnership

HSBC mobile payment

Millions of the bank’s customers can soon use the Pay by Bank application to complete transactions. A new HSBC mobile payment services app will give access to first direct customers who want to use their smartphones to complete shopping transactions. It lets them use the banking app as a direct payment method for purchasing certain products and services in an online store. The HSBC payment app is the result of the financial institution’s partnership with VocaLink. VocaLink is a global company with partnerships including banks, governments and corporations. It launched…

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MasterPass QR code central to Ecobank cashless campaign

masterpass qr code - mobile payments

The bank has launched this new solution for merchants in order to let them use mobile devices to accept payments. The EcoBank MasterPass QR code based mobile payments solution launched with small merchants in mind. This service makes it possible for merchants to use their mobile phones to accept payments from their customers. This solution is the result of a partnership between Ecobank and MasterCard in a broader retail payment strategy. Through the MasterPass QR code, Ecobank’s merchant customers can use any mobile device to accept payments. This eliminates the…

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Mobile banking services help young people save their money

mobile banking services

A new Halifax Savings survey has shown that 18 to 24 year olds find it easier to save using digital tools. New research has revealed that four out of every five young adults find that online and mobile banking services are helping them to increase their balances and save their money in an effective way. The research also discovered that what is true for younger consumers is not the same for older ones. Among people between the ages of 18 and 24 years of age, 81 percent using their bank’s…

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Touch ID added to American mobile banking app

mobile banking

U.S. Bank has now announced that this security upgrade with fingerprint scanning is available. One of the latest announcements from U.S. Bank has revealed that its mobile banking app will now support Touch ID for iPhone users as a simpler way to keep their financial details safe while still conveniently accessing their account. This means that users of recent iPhone generations can use their fingerprints as passwords. According to the U.S. Bank executive vice president and head of omnichannel banking, Gareth Gaston, “We have been looking at ways to use…

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Mobile banking at Lloyds rated higher than Barclays

mobile banking

A recent report also showed that Caixa, a Spanish bank, received the highest score. Forrester Research recently released a report that rated some of the top banks in terms of their mobile banking functionality, and among the leading names on the list, Lloyds Bank was soaring. In fact, that bank managed to score ahead of the majority of its lead competitors such as Barclays and Natwest. This data was released in the Global Mobile Banking Benchmark review that was issued by Forrester. Within it, the research firm ranked the leading…

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Mobile commerce app from Chase bank providing alternative as website struggles

Mobile Commerce Banking Trends

As the standard site faces considerable issues, the smartphone application is offering another online option. Though it occurred on April Fool’s Day, the technical difficulties that were experienced on the Chase Bank website, and that were sending customers to the mobile commerce app, were neither a prank nor a joke. Late in the day, the standard website for the bank began to struggle and choke as users attempted to log in. The bank’s support Twitter feed (@ChaseSupport) tweeted “*ALERT* Chase Online is experiencing intermittent issues,” to advise customers that there…

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QR codes implemented for faster online billing

QR codes mobile billing

Billtrust has sped up the adoption of the mobile technique through the use of integrated barcodes. Billtrust, a company based in Hamilton, New Jersey, has just announced that its biller statements will be including QR codes as a new service for its customers so that bills can be paid more quickly and conveniently. The service permits businesses and consumers to pay their bills using a single scanning step. The QR codes are very easy to use as they can be scanned using any smartphone with a reader app. They are…

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QR codes to be used by Mobile Privat24 for contactless payments

QR Code Mobile Payments banking app

Transactions can be completed with the scan of a barcode by iOS and Android devices. PrivatBank has just announced the release of the latest version of its Privat24 mobile payments app for Android and Apple iOS devices, which is centered around QR codes. The service is available to smartphone using customers without a contract. The bank has made this latest launch in order to keep up with what it feels are the expectations of today’s customers. They believe that smartphones will become an important part of electronic banking, and that…

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Mobile commerce begins to expand with the help of QR codes

Scan QR Codes

QR codes for ATMs from the NCR Corporation Mobile commerce is gaining traction all over the world, due largely to the success and adoption of NFC technology. While NFC has been a powerful force in mobile commerce, it is not the only technology capable of utilizing a consumer’s financial information. QR codes are beginning to grow in prominence in the burgeoning industry and could soon be used at ATMs around the world. The NCR Corporation, an information technology company based in the U.S., has developed a new way to utilize…

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Smaller banks and credit unions face broadening mobile banking gap

Mobile Banking Industry

The most recent report issued by Javelin Strategy & Research has identified a broadening gap between the adoption rates of mobile banking at smaller banks and credit unions, and that experienced by much larger banks and financial institutions. The data from the research firm showed that among regional and community banks, only 21 percent of consumers are adopting mobile banking. Similarly, only 15 percent of consumers are using mobile banking at credit unions. Comparatively, 37 percent of the customers of very large financial institutions are adopting the behavior. Banking using…

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