Forget about depositing a check by snapping a mobile picture of it. Mitek, the company that powers most mobile remote check deposits, will soon enable U.S. Bank customers to pay a bill by taking a picture of it with their smartphone or tablet. Read more »
A new survey of consumers in the U.K. and the U.S. found that one in 10 people would consider banking with Apple, and 43 percent of existing Apple users would. Banking would be a stretch for Apple though a mobile payments service could be possible. Read more »
After the launch of its iPad app, Citibank has launched its app for the Kindle. It is a sign that in the somewhat confusing Android world, Kindle Fire is proving to be an attractive option for app developers and mainstream brands. Read more »
The momentum behind mobile payments is picking up but many of the newest challengers in the space are going to have to get over one nagging reality: consumers still trust their banks and credit card companies to drive the mobile payments market. Read more »
MFoundry has emerged as a leader in mobile banking, providing its Software-as-a-Service model to almost 600 banks, credit unions and other financial institutions. Now it’s raising $18 million from MasterCard, Intel Capital and others to expand its mobile banking business into mobile payments. Read more »
MasterCard and mFoundry are poised to help banks launch potentially hundreds of NFC-based mobile wallets with a new partnership that will allow banks that use mFoundry for mobile banking apps to add support for contactless PayPass payments, turning those mobile banking apps into digital wallets. Read more »
Boom, the mobile personal payment and banking service announced in May, is now open, bringing its low-cost mobile alternative to cash remittance services. The service, which targets unbanked workers who often send money home, is launching in the U.S., Mexico, Dominican Republic, Jamaica and Haiti. Read more »
Canadian carrier Rogers has filed to become a bank under Canada’s Federal Bank Act, which will allow it to pursue more mobile payments services and a “niche credit card opportunity” for consumers. Expect more carriers to go the same route as the mobile payment opportunity explodes. Read more »
BankSimple, the next generation mobile bank start-up, has raised $10 million as it prepares to launch. The new financing is led by existing investor IA Ventures and also includes Shasta Ventures and should help the company scale up for a public debut later this year. Read more »
Mobile phones increasingly being tapped to serve as the first line of protection against credit card and banking fraud. Banks, credit card companies and start-ups are all looking to leverage the ubiquity of cell phones and their location capabilities to help combat fraudulent activity. Read more »
BankSimple, a New York start-up, is poised to begin a limited beta soon, as it looks to launch a next-generation online banking service that combines real-time data, predictive money management and smartphones without the fees and penalties associated with many banks. Read more »
While Qualcomm for many is synonymous with wireless, the company acquired Atlanta-based mobile banking startup Firethorn two years ago with an eye to also becoming a major player in the mobile payment space — and in the process, fix the so-called “Costanza wallet.” Read more »
