QR Code Press

Mobile banking sees 13 percent usage jump in Q1

06/05/201506/04/2015 Sam Lambert

The South Korean market has greatly expanded its use of these apps and services during the span of three months. According to data that has been released by the central bank in South Korea, mobile banking in that market has undergone a 13 percent increase in terms of its daily usage over the span of the three months that made up the first quarter of this year. This insight underscores the strength of the growing trend toward mobile device use for financial transactions. During the period running from January through…

QR codes and smartphones to help protect credit card data

03/23/201503/21/2015 Julie Campbell

A new system will use these technologies in an effort to block card skimming practices. A new system has now been developed using QR codes and smartphones to help to overcome the current problem being faced by skimming devices that can read credit card numbers as a consumer makes a purchase at a vending machine or other kind of automated kiosk. The goal is to try to use technology commonly carried by consumers in order to overcome this type of theft. The U.S. BMO Harris Bank recently launched its own…

African mobile banking fees could generate $1.5 billion in fees by 2019

02/20/201502/18/2015 Jesse Collins

A The Boston Consulting Group (BCG) report illustrated the growth of sub-Saharan smartphone based payments. A recent report that has been published by The Boston Consulting Group (BCG) has provided considerable insight into the use of mobile banking and financial services in parts of sub-Saharan Africa, and the rate of growth within this trend. Many African consumers are now using mobile payments for sending money to other people and to pay their bills. The mobile banking report suggested that by the year 2019, the fees that would be collected from…

UK consumers will switch banks for mobile commerce support

12/30/201412/27/2014 Jennifer Goula

Survey shows that British consumers are willing to switch to a new bank to make mobile payments Mobile payments firm Zapp has released the results of one of its latest surveys, questioning how many British consumers would switch banks in order to take advantage of mobile commerce services. A growing number of people in the United Kingdom are beginning to show favor for mobile commerce, using their smartphones and tablets to pay for goods and services throughout the country. Some banks have not yet shown significant support for the mobile…

Commerce Bank shows support for Apple’s mobile payments service

12/23/201412/20/2014 Jennifer Goula

Commerce Bank has adopted Apple Pay Commerce Bank has announced that it has partnered with Apple to support the company’s new payment service, called Apple Pay. Through this partnership, the bank will begin offering its customers access to the Apple Pay service, allowing them to make purchases from their iPhone device. Apple Pay already found significant support from the retail industry, with many large brands supporting the service. Financial institutions are beginning to show more interest in the service as it becomes more popular with consumers. Apple Pay manages to…