Cingular To Launch Mobile Banking Next Year
Nov 15, 2006, 1:48 AM by (staff)
Cingular today revealed it is in talks with a number of banks to allow customers to manage their accounts from a mobile phone. A Cingular spokesman said subscribers will be able to view balances, make transfers and pay bills from their phone if they use a participating bank using an application downloaded to the phone. Such services are already popular in Europe and Asia. Cingular is separately currently testing mobile payments with Nokia and Mastercard using phones that have an NFC chip built in. In Japan and Korea, many operators have started to combine these two services, allowing users to link NFC payments to a bank or card account that can be managed from the phone.
Google Launching Android Pay Today
Google said it is making Android Pay, its reborn mobile payment service, available to Android handsets beginning today. The app will be pushed to small batches of users over the next week, according to Google.
Several Banks Add Android Pay to Their Own Apps
Google has partnered with a small number of financial institutions in order to ease the process of signing up for Android Pay. Several banks, including Bank of America, Bank of New Zealand, Discover, mBank, and USAA, now let customers add debit/credit cards directly to Android Pay from within the mobile banking app.
Mastercard Adds Retail Mobile Payments to Bank Apps
Android owners will soon be able to use their own mobile banking app — rather than Android Pay or Samsung Pay — to make tap-and-go payments in stores. Mastercard has expanded its Masterpass program to mobile devices so consumers can make contactless payments at various retailers.
Zelle Promises Quick P2P Payments Via Mobile Banking Apps
Many of today's popular mobile banking apps will soon support a rapid person-to-person (P2P) payment feature through a new service called Zelle. Zelle, developed by Early Warning Systems, is supported by more than 30 of the nation's largest banks for sending funds from one person to another.
I have always thought that somethinglike this would be a useful feature...