The explosion in near field communication (NFC) mobile payments has gifted banks and financial institutions with a variety of deployment options and, at the same time, made the task of selecting the right route to market more complicated than ever. For this reason, Mobey Forum’s latest white paper, ‘NFC Mobile Payments: An Industry Snapshot’, launched
Malauzai Software, a provider of mobile and Internet banking SmartApps for community financial institutions, announces the integration of Apple’s Touch ID technology with mobile banking as a part of the Malauzai Mobile Only Experience (MOX Everywhere) suite of banking products. Several community financial institutions now allow users to access mobile banking through fingerprint biometric technology,
For years authentication has been a thorny issue for banks and financial institutions, particularly in the world of mobile services. To date, these organisations have focused on building two of the three primary sources of authentication data into their products and services, namely ‘something you know’, like a password, and ‘something you have’, like a
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that it continues to gain momentum in the core processing space. Fiserv is the U.S. market leader in account processing services, and more than one-third of U.S. financial institutions rely on Fiserv for core processing solutions and expertise. Fiserv has the industry’s widest
A user-centric approach which allows executives to choose their own device is fundamental to a bank’s success in mobile corporate banking services and should be a key component in every bank’s omni-channel strategy. This is the view expressed in the latest white paper published by Mobey Forum, the global industry association empowering banks and other
The Tanzanian government has advised banks and non-bank financial institutions to extend to rural areas if they wish to be used to channel payments of public servants. The Deputy Minister for Finance and Economic Affairs, Mr Mwigulu Nchemba, said in Dar es Salaam over the weekend that the government was currently using CRDB Bank and
The Deputy Minister for Finance and Economic Affairs, Mr Adam Malima, has called upon financial institutions in the country to develop new products rooted in responsible and ethical business practices. He made the call in Dar es Salaam at the inauguration ceremony of the Diamond Trust Bank (DTB) Nelson Mandela branch. Mr Malima said that
EastPay, a Regional Payments Association, has announced the formation of EastPay Advisory Services, a wholly-owned subsidiary that will provide payments risk management, compliance, and consulting services to financial institutions and businesses. EastPay Advisory Services (EAS) was formed to deliver the services that payments industry stakeholders need to be compliant and competitive. Services offered by EAS
The Bank of Tanzania has licensed China Commercial Bank (CCB), to operate in the country bringing to over fifty, the number of financial institutions in the country. According to the Central Bank, (BoT), the new bank has no banking affiliation with another bank in China or Tanzania. The BoT Director of Banking Supervision, Mr Agapiti
Optimal Payments Plc, a leading global online payment solutions provider, now allows customers to use Bitcoin to top up their NETELLER accounts. This announcement follows the entering into an agreement between Optimal Payments and BitPay Inc., one of the world’s largest Bitcoin payment providers and processors and makes Optimal Payments one of the first major
