How mobile technology is changing the banking sector
The future of customer service is to bridge the gap between the smart consumer with the smartphone and the bank holding his or her financial assets. Even though mobile applications are becoming increasingly powerful customer touch points, many banks are failing to leverage them in order to engage with consumers.
Mandip Shergill, Account Executive at Genesys, looks at how banks can maintain and strengthen the customer relationship in the mobile channel.
Vodafone has launched its mobile wallet in Europe, enabling customers to pay by touching a compatible smartphone against a retailer’s NFC reader.
It’s the first European mobile payment service built on the secure GlobalPlatform open standard.
Rachel McCormack writes:
Mobile point of sale transactions (mPOS) are growing in popularity as mobile use takes over from desktop computers. The description of ‘mobile’ point of sale transactions denotes the ability of a payment to be taken via smartphone or tablet rather than a traditional card reader. There are many different ways to do this; mobile chip & PIN, mobile swipe & sign and NFC payments. All of these methods vary in popularity and security conceptions and many are difficult to understand. In this article we will explore each and give you the chance to understand the technology and issues surrounding the various methods.
Visa Europe and Orange have announced a partnership to encourage the use of mobile-based contactless payments in France.
They’re starting by launching a service called Orange Cash, which will enable Orange customers with an NFC-equipped smartphone to make contactless payments.
Podcast - 28th October 2013
M-commerce and mobile payments are terms that can mean several different things.
In this special podcast we learn more about the subject by talking to Tim Green, editor-in-chief of Mobile Money Revolution.