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These 9 trends show the future of mobile payments and banking

In June 2015, MEF launched its third annual Global Mobile Money report which studied 15,000 mobile users across 15 countries. Unsurprisingly, the headline statistics are that mobile banking and mobile commerce continue to grow. Sixty-nine percent of mobile media users carried out a banking activity …

FinTech

Withdrawing Cash With A Smartphone Could Beat The Card Skimmers

The U.S. loses more money to card fraud than the rest of the world combined — something that's mostly down to the magnetic stripes that make their …

Here's how you pay with an Apple Watch

Apple was quick to tout payment support on the Apple Watch, but how does it work, really? How easily could a thief go on a shopping spree with your timepiece? Don't worry about waiting until the launch to find out, as the company's Eddy Cue has spilled the beans on Apple Pay support a little early. …

Banks respond to fraud with improved verification for Apple Pay

Reports of thieves using stolen payment info with Apple Pay surfaced earlier this week, and banks are already stepping up security measures. In fact, the culprits used the software to employ credit card details stolen during Target's massive breach in 2013. <i>The Wall Street Journal</i> reports that those …

Stratos Card Is Another Smart Payment Card That Wants To Rule Them All

They way we buy things is changing. A lot of the focus lately has revolved around the smartphone with services like Apple Pay and Samsung Pay, but a …

Fraudsters take advantage of banks' weak Apple Pay identity checks

A mobile payment system is only as secure as its weakest link... and in the case of Apple Pay, it's the banks' ability to verify who you are. <i>The Guardian</i> has learned that thieves are setting up iPhones with stolen IDs and taking advantage of lackadaisical identity checks (often just a part of the …

Samsung's mobile payments service is coming this summer

It's been just a couple of weeks since Samsung acquired mobile payments company LoopPay, but it's ready to announce the payment service based on LoopPay's tech: Samsung Pay. The service works with NFC (like Apply Pay and Google Wallet) and a new(ish) tech called Magnetic Secure Transmission (MST). …

Survey: 38% of small merchants may not be ready for switch to EMV credit cards

Now is a critical time for small merchants to pay attention to the fraud prevention landscape. The U.S. is moving to a technology standard called EMV that will improve the security of in-store card payments.<p>Unfortunately, many small merchants are uncertain about how to best approach EMV for their …

Credit Cards

Barclays Pingit will soon let you send money over Twitter

Since the launch of Barclays' Pingit app, it's become almost impossible to dodge paying your share of Friday night's curry. The mobile payment service lets you transfer money to whichever mate picked up the bill, regardless of where you both bank, using just their mobile number. Come March 10th, …

PhoneDog | The Leader in Mobile Phone News and Reviews

People Are Just Going Crazy Buying Stuff On Their Smartphones

We spend a stupidly large amount of money on online shopping here in Australia, but by and large we do it on PCs and laptops. In a few years, though, …

RBS and NatWest add Touch ID login to their banking apps

If you manage your personal finances from a smartphone, you'll be familiar with the tiresome verification procedures that banks use to double-check your identity. To make everything a little simpler, RBS and NatWest are introducing Touch ID support to their iOS banking apps tomorrow. So rather than …

Japan's flip-phone love affair continues, smartphone shipments fall

In an alternate universe where up is down and black is white, more feature phones get shipped year-on-year while its replacement, the smartphone, sees sales stall. That's apparently what happened in Japan last year though, according to MM Research Institute. For the first time in seven years, …

Visa wants to track your travels abroad to prevent declined payments

Yes, banks sometimes decline credit card transactions abroad for your own protection, but it sure can be annoying, especially when you're not carrying money in the local currency. Visa has a new service for card holders in the US that could prevent that from happening again: one that instantly …

Apple Pay will soon support federal payment cards and parks

Apple Pay has been expanding steadily since its launch last fall, but now it also has the support of the federal government. Speaking at the White House Cyber Security Summit today, Apple CEO Tim Cook revealed that Apple Pay will support federal payment cards later this year, including social …

JetBlue will soon let you buy in the sky with Apple Pay

There will soon be one more place where you can purchase goods with Apple Pay, and for the first time, it's located 35,000 feet in the sky: a JetBlue airplane. The company is in the process of replacing its old in-flight payment systems with iPad minis that can accept mobile payments from iPhones 6 …

Shell petrol stations to let you pay with your phone using PayPal

Those of us in the know are patiently waiting for QR code technology to take off, as it inevitably will, but Shell and PayPal aren't willing to stand by and end up falling behind the curve. Pouncing on the flourishing standard, the two have shaken hands on a deal that'll soon let patrons at Shell …

Turns Out Apple Pay Can't Solve Credit Card Fraud

Among other things, Apple's Second Coming of the Mobile Payment Solution was meant to fix our broke-arse credit card security system. Only, according …

The Best Apps Of 2014

The smartphone in your pocket today makes whatever handset you had just two years ago look laughably bad. That's not just because of better sensors …

7 Most Important UI And UX Ideas Of 2014

This year, we saw Google introduce a sweeping new design language to overhaul is long list of products. We saw independent designers building their …

Your smartphone is changing the way your fingers work

Your smartphone is changing more than just your habits -- it's changing the way your hands work, too. Swiss researchers have discovered that activity in the brain's cortex associated with index fingers and thumbs is enhanced directly in proportion to how often you use your phone's touchscreen. That …

Sainsbury's new app will let you skip the checkout

Scan-and-pay isn't a new concept inside Britain's major supermarkets, but Sainsbury's is keen to ensure it plays a key role in its shopping future. The grocery chain today announced that it will soon begin trialling a new shopping app that's designed to cut down the time spent doing the weekly the …

Dabbling in the future of payment: A week of Apple Pay and Google Wallet

On Monday last week, Apple finally launched Apple Pay, the company's mobile-payment system that only works with the iPhone 6, 6 Plus and the latest iPads. (Though you can't use iPads for in-store payments.) Even though mobile payments have been around for several years now, Apple Pay is seen by …

We're Designing Apps Wrong For Huge Smartphones

As smartphones continue to get larger but our hands don't, what kinds of design solutions can ensure mobile interactions remain comfortable, quick …

New smartphone movie tickets don't require a scanner

Sure, digital tickets allow you to skip the printer before heading to see <i>Gone Girl</i> or <i>Fury,</i> but you still have to get the scan of approval before nabbing the over-priced popcorn. MovieTickets.com's new system that only requires theater staff to take a look at your phone before letting you in. Using …

What iOS Still Needs To Learn From Android

Now that iOS 8 is finally in the hands of millions, it's worth taking a step back to look at just how far Apple has pushed your iPhone's capabilities …

How To Design For Thumbs In The Era Of Huge Screens

After years of resistance, Apple's iPhone 6 announcement last week officially signalled the Dawn of the Era of Huge Screens. And it's going to crash …

What you need to know about the future of paying for stuff

We've virtualized much of the rest of the modern life -- why not payments? Plane tickets, banking and many other aspects of our lives now live on our phones. Payments still exist in the world of paper and plastic.<p>Google has Google Wallet; Visa has payWave; MasterCard has PayPass; and American …

Apple Pay could make everyone's mobile wallet purchases cheaper

Have you stopped to consider what impact Apple Pay will have on the credit card industry? Don't worry, we hadn't either, but <i>Bank Innovation</i> believe that the service might just send mobile payments mainstream. Currently, tapping your phone on a reader incurs a transaction fee of 2.75 percent, far …

[New App] Samsung's 2014 Smart Dryers Now Have A Remote Control App For Android [Updated]

I hear you, I hear you. What's the point of a remote control for a dryer? You don't know you need to start it back up without physically checking the …