Items tagged with banking
Google is set to make a big push in the consumer banking market with a project code-named Cache. The project will see the search giant offer checking accounts to consumers in the U.S. in conjunction with Citigroup and the Stanford Federal Credit Union. A Google spokesman says that the search giant is exploring how to partner with banks and credit unions in the States. The smart checking accounts would be offered via Google Pay, and customers at the partner banks would be able to benefit from useful checking insights and budgeting tools. By partnering with the banks, the account holders would be able to keep their money in an FDIC or NCUA-insured account. The Google spokesman noted that the company...
Read more...
It's common knowledge that Android and iOS dominate the mobile scene (in that order), in terms of market share. And the cold reality for Microsoft is that its Windows Phone platform is found on only about three out of every 100 smartphones. With that in mind, it's understandable (albeit disappointing) that Chase has decided to yank its mobile banking app from the Windows Phone Store.So, if you're a Windows Phone user and Chase customer, be advised that the Chase mobile app for Windows Phone will no longer be available to download and install on January 26, 2015. Should you already have the app (or plan to get it), you can continue to use it, though only for the next couple of months."We are focusing...
Read more...
T-Mobile isn't content simply shaking up the wireless industry by going against the grain as part of its "Un-carrier" designation, apparently the company wants to be your un-bank, too. Hence the wireless carrier is extending its different way of thinking into the personal finance sector with an initiative it's calling Mobile Money by T-Mobile. "We've already transformed how Americans use and pay for phones, tablets and wireless service; why stop there?," said John Legere, president and chief executive officer of T-Mobile. "Millions of Americans pay outrageous fees to check cashers, payday lenders and other predatory businesses - just for the right to use their own money. Mobile Money shifts the...
Read more...
There are no boundaries to technology, which continues to reach into all facets of our daily regimen. The world will look and function decidedly different in 10 years compared to today, and while we don't know exactly what life will be like, we know that banking at ATMs is one area that will see plenty of change. Diebold, a security firm out of Ohio, is working on several next generation ATM technologies. Tomorrow's ATMs will sport tablet-like touchscreens, only unlike your iPad or Nexus 7, it will spit out money (assuming you have some in your bank account). It might also use facial recognition as an added measure of security, so if your card and PIN are lost and/or stolen, the perpertrator...
Read more...
Ah, the digital world. Sometimes, it's easy to realize we're living in it. Things like digital boarding passes and cars that drive themselves are prime examples. But other times, we're wondering what the hold-up is. Now, in the banking world, Wells Fargo is finally answering the call on an issue that seems super obvious. The company announced today that in addition to its popular email or e-receipt option, it is introducing text receipts at its more than 12,000 ATMs across the country. This new service is available to all Wells Fargo Online or Mobile Banking customers who provide their mobile phone number. As the first bank to offer e-receipts to its customers at its ATMs in June 2010, Wells...
Read more...
I don't know how much money you have in your bank account, but I'm willing to bet that if you logged into your banking's website and saw $0.00 across the board, you might be a little concerned. Some Chase customers earlier this week found themselves in this exact situation, leading many, as you might expect, to believe that they could have been hacked. Fortunately, no such thing occurred (for once). Credit: Jason Kuffer (Flickr) Instead, it appears that Chase experienced a technical glitch - one that simply reported financial information as default values. "It has nothing to do with the cyber threats - it's an internal issue. We are very sorry to our customers for the inconvenience." said a company...
Read more...
When you download that banking app to your tablet or smartphone, do you ever wonder if it’s legitimate? Security software publisher Kaspersky Lab recently found some fake banking apps on the Google Play Store, which Google promptly removed upon being alerted. The fraudulent apps are for Russian banks in this case. This Russian app is a Trojan that can steal a user's bank login info. Stunningly, it wasn't getting a very good average rating in the Play Store before it was removed. Image Credit: Kaspersky The apps that were found in the Play Store on December 12th (and deleted on December 13th, after Kaspersky contacted Google) were downloaded numerous times, suggesting...
Read more...
Google Wallet gives consumers the ability to store their credit and debit card numbers with a smartphone app and make payments at stores by tapping their phones at an NFC terminal. The concept is to make checking out easier and safer by letting people avoid carrying around a wallet full of credit cards that can too easily be lost or stolen, keeping card info securely stashed on a locked phone that can be remotely wiped, and enabling fast payments with the convenience of NFC. Now, according to a pile of leaked screenshots, Google Wallet is taking another form: a physical card. Or, to put it more dramatically, one card to rule them all. The Android Police received the screenshots from an anonymous...
Read more...
It's not the first time something like this has happened, and it won't be the last. What's worrisome is that it probably happens more often than we know, and we just don't hear about it. No, someone didn't explicitly sell personal info on eBay. What they did was sell a hard drive with the bank account numbers, phone numbers, mothers' maiden names and signatures of 1 million customers of American Express, NatWest and the Royal Bank of Scotland on it. Big oops, right? Fortunately, the buyer was Andrew Chapman, an IT manager from Oxford, and not some scammer. Obviously, the odds are in favor of the buyer either being someone honest, or else just not noticing the extraneous data. The drive originally...
Read more...
