plus 3, Mobile Banking Application for BlackBerry and iPhone - TopNews United States

Mobile Banking Application for BlackBerry and iPhone - TopNews United States
BECU Launches CashEdge's Popmoney(TM) Person-to-Person ... - Earthtimes
BECU launches CashEdge's Popmoney payments service - TMCnet
African Mobile Broadband, Data and Mobile Media Market - TMCnet

Mobile Banking Application for BlackBerry and iPhone - TopNews United States

Posted: 26 Mar 2010 06:48 AM PDT

ING Direct is the first Canadian bank which offers new mobile banking application for Blackberry and Apple iPhone.

According to ING Direct Canada President and Chief Executive Peter Aceto, all the Canadians love their mobile devices and can download this application for free. With the help of this application, the ING customers can check their balances, review transactions, transfer funds, locate ABMs and find the nearest ING Direct Save Your Money Cafes.

In 2009, Scotiabank partnered with Atlanta-based MCom, an international mobile payments solution provider to bring full mobile banking service, while others are working on the same projects and are planning to get similar applications in the market next year.

The new application on Blackberry and iPhone also talks about savings on Twitter.

ING Direct had also launched a twitter.

In Canada, around 20% of the people are planning to start with mobile banking, from where they can pay their bills, whereas 9% of the Canadians already have mobile banking accounts.

ABI Research shows that consumers would spend $119 by 2015 through mobile banking.

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BECU Launches CashEdge's Popmoney(TM) Person-to-Person ... - Earthtimes

Posted: 23 Mar 2010 05:47 AM PDT

NEW YORK, March 23 /PRNewswire/ -- CashEdge, Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement? services, announced today that Boeing Employees' Credit Union (BECU), the largest credit union in Washington and one of the top five financial cooperatives in the United States, has launched CashEdge's person-to-person (P2P) payments service, Popmoney?, to its members. BECU, which has over 600,000 members, began offering Popmoney on March 20 through its website www.becu.org.

Popmoney is the first email and mobile person-to-person payments service that allows credit union members and bank customers to send money directly from their online or mobile banking service, simply using the recipient's email, mobile number or bank account information. Popmoney provides support for text messaging, WAP and downloadable mobile applications, enabling financial institutions to extend their P2P functionality to mobile phones.

"We are excited to be the first credit union in the country to offer this service. At BECU we strive to make banking as easy and convenient as possible for our members. That means offering services that allow them to bank wherever and whenever they want," said Howie Wu, Vice President of Virtual Banking, BECU. "Popmoney helps us meet that goal by extending the reach of our online and mobile banking capabilities to include person-to-person payments ? a simple, secure and convenient way for our members to send money directly from their BECU account to anyone for free."

"BECU is a great partner," said Neil Platt, Senior Vice President and General Manager, US Banking, CashEdge Inc. "They understand the importance of bringing innovation and service to their clients, and they've demonstrated that understanding by being industry leaders in delivering Popmoney. We expect that Popmoney will help drive acquisition and client engagement ? creating new revenue streams for them."

Popmoney leverages the proven reliability, security and strength of CashEdge's money movement platform, which in 2008 processed nearly $50 billion in funds transfers for bank customers. For current CashEdge clients, Popmoney is a simple upgrade of their existing TransferNow service.

To learn more about CashEdge's Intelligent Money Movement Services, visit www.cashedge.com.

About BECU

Governed by a volunteer Board of Directors, BECU is a not-for-profit credit union owned by the members. Profits are returned to the members in the form of better rates and fewer fees. With more than 600,000 members and more than $8.6 billion in assets, BECU is the largest credit union in Washington and one of the top five financial cooperatives in the country. BECU currently operates over 40 locations in the Puget Sound region. All Washington state residents and students attending Washington colleges and universities are eligible to join.

About CashEdge

CashEdge is a leading provider of Intelligent Money Movement? solutions for financial institutions, including mobile and online person-to-person (P2P) payments, account transfers, account opening and funding, small business applications and financial account aggregation. The Company's clients include hundreds of leading financial institutions, including seven of the ten largest banks in the country, for which they move more than $50B every year. CashEdge's newest offering, Popmoney?, is a bank-enabled P2P service that is live at leading banks in the U.S.

CashEdge's industry-leading products include Popmoney? for person-to-person payments; OpenNow®/FundNow® for new account opening and funding; TransferNow® for Consumers, which includes Me-to-Me and Third Party Transfers; and TransferNow® for Small Businesses, which includes Invoicing, Me-to-Me Transfers, Employee Payments and Vendor Payments. All CashEdge products are supported by industry-leading risk management capabilities that leverage proprietary technology to help financial institutions mitigate risk and decrease fraud exposure.

The Company is headquartered in New York with offices in Silicon Valley and India. For more information, visit www.cashedge.com.

The above contains statements that are based on subjective views, opinions or beliefs of the management. The data provided herein is based solely on CashEdge's solutions and does not relate to any specific financial institution or client or the industry.

SOURCE CashEdge, Inc.

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BECU launches CashEdge's Popmoney payments service - TMCnet

Posted: 24 Mar 2010 06:32 PM PDT

Mar 24, 2010 (Datamonitor via COMTEX) -- Boeing Employees's Credit Union or BECU has launched CashEdge's Popmoney, a person-to-person payments service, to its members.

Popmoney is an e-mail and mobile person-to-person (P2P) payments service that allows credit union members and bank customers to send money directly from their online or mobile banking service, using the recipient's e-mail, mobile number or bank account information.

Popmoney provides support for text messaging, WAP and downloadable mobile applications, enabling financial institutions to extend their P2P functionality to mobile phones.

Howie Wu, vice president of virtual banking at BECU, said: "We are excited to be the first credit union in the country to offer this service. At BECU we strive to make banking as easy and convenient as possible for our members. That means offering services that allow them to bank wherever and whenever they want.

"Popmoney helps us meet that goal by extending the reach of our online and mobile banking capabilities to include person-to-person payments - a simple, secure and convenient way for our members to send money directly from their BECU account to anyone for free." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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African Mobile Broadband, Data and Mobile Media Market - TMCnet

Posted: 26 Mar 2010 04:46 AM PDT

Mobile data and broadband technologies are increasingly being used as a substitute for poor or non-existent fixed-line infrastructure in Africa. In vast parts of the continent, the mobile network operators are the only providers of any kind of telecommunication service apart from satellite services. As subscriber growth peaks, many of them have established themselves as Internet Service Providers (ISPs) and are playing an increasing role in the broadband sector, competing directly with fixed broadband services such as DSL – a welcome new revenue stream in an environment of shrinking average revenue per user (ARPU) in the voice market.

Third generation (3G) mobile technologies, coupled with improvements in international fibre and national backbone network infrastructure are now capable of delivering broadband Internet access to a wider part of the continent's close to one billion population. However, the price of end user devices will be a key factor. The prepaid mass market will only adopt advanced services on a broad scale once prices for 3G handsets and modems as well as personal computers have reached affordable levels.

Like elsewhere in the world, Short Message Service (SMS) still accounts for the bulk of Africa's mobile data traffic and revenue, but in recent years there has also been an increasing interest in Multimedia Messaging Service (MMS) and other forms of mobile messaging and social media, downloads of ring tones, logos, music and games, as well as SMS-based information and lifestyle services. Premium rate and bulk SMS services are generating millions in revenues. Third parties are continuously developing new value-added services and applications.

Mobile TV services have been launched in at least ten African countries. A boost for these services is expected from the FIFA World Cup to be hosted in South Africa in 2010.

M-payments and mobile banking is another key growth area that is revolutionising Africa's financial sector, where only a small percentage of the population has access to traditional banking system. In the continent's most advanced markets, m-commerce, mobile content, applications and media have reached a level of development that is beginning to foster an associated advertising and marketing industry.

Market highlights: * 3G mobile networks have been launched in more than 20 African countries, with rollouts in progress in many others; * Most operators have included High-Speed Packet Access (HSPA) mobile broadband in their service offerings; * There are more 3G mobile broadband users than ADSL subscribers in key African markets; * The first 20Mb/s mobile broadband service is expected in Africa in 2010; * African mobile operators make up to 13% of their revenues with mobile data services; * Non-messaging mobile data revenue grew by 70% in South Africa in 2009 while overall mobile data revenue increased by 30%; * Mobile data services have helped to reverse declining average revenue per user (ARPU) in some markets; * The UMTS Forum forecasts that revenues of African 3G operators will exceed US$7 billion in 2010; * The 2010 FIFA World Cup in South Africa is expected to deliver a boost to Mobile TV services which have been launched in at least ten African countries; * Some African banks have more customers using mobile banking than online banking; * More than 10% of Kenya's GDP pass through the M-Pesa mobile payment and banking service, which has more users than there are bank account holders in the country.

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