PayPal readies roll out of traditional banking services

PayPal readies roll out of traditional banking services

PayPal is looking to expand into something closer to a real bank, according to a report in The Wall Street Journal. It’s beginning to roll out more traditional banking services to customers, including ATM-compatible debit cards, direct depositing paychecks, and FDIC insurance. How PayPal can actually do this is fascinating since it doesn’t actually have […]

Singapore bank OCBC launches ‘conversational’ voice banking

Singapore bank OCBC launches ‘conversational’ voice banking

OCBC, a Singapore-based bank, has launched the ability for customers to do day-to-day banking tasks via the app and Apple’s Siri. According to the bank, customers with the app can now log on and command Siri to help with banking tasks by using their voice. Using the service, users can check their bank account balances, […]

More than half of consumers moving away from traditional banking, according to Relay42

More than half of consumers moving away from traditional banking, according to Relay42

Digital banking is growing in popularity with 53% of consumers using or willing to move to an online or mobile only bank — 27% have moved already, while 26% are considering the switch. This is according to research commissioned by Relay42, the leading data management platform (DMP) company that empowers marketers to orchestrate customer journeys. […]

Barclays introduces iPhone voice payments via Siri

Barclays introduces iPhone voice payments via Siri

Barclays has teamed up with Apple to become the first UK high street bank to introduce the ability for customers to make payments using their voice through Siri. Siri has been integrated into the Barclays Mobile Banking app, meaning iPhone and iPad-using Barclays customers no longer need to open the app to pay existing payees and mobile […]

Barclays Launching Mobile Payments Service to Compete with Android Pay

Barclays Launching Mobile Payments Service to Compete with Android Pay

Barclays is rolling out its own contactless payment service for Android phones this summer, enabling customers to pay at over 400,000 locations in the UK and placing the bank in direct competition with the upcoming launch of Android Pay. The service, simply called ‘Contactless Mobile’, will build upon the functionality launched to Barclaycard customers earlier […]

Mobile Banking On The Rise in US

Mobile Banking On The Rise in US

43 per cent of US adults with mobile phones and bank accounts now make use of mobile banking, according to new figures from the US Federal Reserve released March 31. That figure, based on data from November 2015, is a four per cent increase year-on-year, and is driven by increasing smartphone adoption and the convenience of […]