Required mobile text verification could exclude some consumers from shopping online

Mobile text verification - mobile phone and laptop

HSBC requires customers to have a registered mobile phone to verify future online card payments. UK consumers who don’t own a mobile phone or who fail to get a mobile signal at home, could be out of luck when it comes to online shopping. The reason is mobile text verification is becoming a growing norm. Banks, such as HSBC, are increasingly requiring their customers to verify online payment via text for security reasons. HSBC has informed its customers that they will need to register a mobile phone to enable the…

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Samsung HSBC wearable technology rolls out at the bank’s flagship branch

HSBC Wearable Technology - Samsung Galaxy Watch Official YouTube

The bank and consumer electronics giant are equipping bank employees with smartwatches. New HSBC wearable technology by Samsung is rolling out at the bank’s flagship branch. The bank’s employees are being equipped with a customized version of the Samsung Gear S3 smartwatch. As one of the world’s leading financial services institutions, this could hint at the future for banks. The HSBC wearable technology strategy was unveiled as the Money20/20 event was underway in Las Vegas. HSBC Bank USA N.A. – an HSBC Group arm – made the announcement along with…

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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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Mobile commerce platform embraced by UK banks

Mobile payments platform

Five banks to pick up Zapp mobile commerce platform later this year Five of the United Kingdom’s largest banks are set to embrace mobile payments. First Direct, Nationwide, Santander, Metro Bank, and HSBC are moving to provide their combined 18 million customers with the ability to make mobile payments leveraging QR codes and NFC technology later this year. This will be made possible through the use of Zapp, a mobile commerce platform from VocaLink. The five banks have adopted the platform as a way to make it easier for mobile…

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