US banking giants throw down P2P challenge
A consortium of US banks launched person-to-person (P2P) payment platform Zelle, a move they said …
US payment firms launch Facebook Messenger bots
Some of the US’ largest remittance companies and payment providers unveiled Facebook Messenger chatbots to …
Wells Fargo offers smartphone cashpoint withdrawals
Wells Fargo announced it is the first major US bank to offer smartphone withdrawals at …
Why P2P is not a four letter word for banks
What is it with banks and peer-to-peer payments via mobile phones? At the end of last week leading US financial institution Wells Fargo launched a new P2P service that enables its customers to send money to one another by using their mobile number. The service will be expanded over time says the company so that Wells Fargo customers will be able to exchange funds with the customers of other banks via their mobile phones.
Visa certifies mobile payment technology, Wells Fargo pilots
Visa announced the commercial availability of mobile contactless payments enabled by DeviceFidelity’s In2Pay microSD solution.
Weaknesses identified in ebanking apps
Computer security firm viaForensics identified security flaws in mobile banking apps from companies including Wells Fargo, Bank of America and USAA.
