Canadian neobank Koho has introduced a limited edition metal card that includes both contact and contactless functionality... More
Koho issues metal contactless cards in Canada
Banking
JPMorgan Chase to tokenize open banking permissions
JPMorgan Chase, Envestnet l Yodlee sign agreement to increase customers’ control of their data — JPMorgan Chase & Co — “Envestnet I Yodlee is committing to send 100% of its requests for Chase customer data through the bank’s secure API (application programming interface). This will ensure the apps can receive Chase customer data they need while customers control what’s shared with whom…. Because the secure API uses a token-based approach, customers will no longer need to give out their username and password.”
Google details its plan to offer free US bank accounts via Google Pay
US consumers will be able to start signing up for checking accounts from within Google Pay in mid-2020, Google has told the Credit Union National Association (CUNA)... More
Google to offer bank accounts?
Google is to begin offering checking accounts to consumers from next year, in partnership with banks and credit unions, according to The Wall Street Journal... More
Raiffeisen Bank picks Antelop for NFC payments and strong customer authentication
PARTNER NEWS: Raiffeisen Bank has launched an Android NFC mobile payments service in Romania and the Czech Republic that uses Antelop Solutions’ digital payments and tokenization platform... More
National Bank of Kuwait claims world first with contactless metal Visa credit card
The NBK Visa Infinite Privilege Credit Card will be offered exclusively to the bank’s private banking customers, and by invitation only, once regulatory approval for the product has been received... More
Uber eyes move into banking and payments business
Uber is making a fintech push with a New York hiring spree — CNBC — “There are many possible payment and lending innovations Uber could come up with: It has 93 million active users globally, most of whom use linked credit cards or fund a wallet called Uber Cash to pay for rides and food delivery… Creating a bank account has been discussed at a high level at Uber but may be years away, or the company could decide against it.”
Apple Pay to charge Slovak banks 0.2% transaction fee
Apple is to charge participating banks a 0.2% transaction fee when its Apple Pay service launches in Slovakia later this year, according to local newspaper Hospodárske Noviny... More
NatWest Bank to trial contactless biometric card
NatWest Bank is to run a trial of fingerprint-on-card authentication allowing a cardholder to make contactless payments above the current level of £30... More
Survey: US consumers want one app for banking and payments
Two-thirds of consumers favour single mobile app for banking and payments over cash and physical cards — Entersekt — “More than two-thirds (68%) of regular banking app users in the US would ‘like to do all banking and payments via one single mobile app’. A similar majority (67%) claim they would be less likely to use cash or physical credit cards if they had such an app. The lure of an all-in-one combination app is stronger among younger adults (18 to 44 years) who regularly used banking apps: just over three-quarters (76%) want one, compared with only 50% of those aged 55 and over.”
