Heading to the ATM to pick up some quick cash is just another part of life here in the West. But how do you introduce that part of the banking experience into developing nations? Why, with biometrics, of course.
When word first broke that the accounts of Citibank cardholders were hacked, the number was pegged somewhere around 200,000. Citigroup has updated that figure, saying it was actually 360,000. Ouch. [WSJ]
If you thought it was weird that St George launched its Lite Banking app on Windows Phone 7, you may find it even weirder that they’ve backed it up by launching on Android before iOS.
When it comes to dedicated banking mobile applications, the majority of the banks fail. Most Mobile banking offerings are little more than a link to the mobile banking site through your phone’s browser. St George has taken a small step in the right direction, launching a Mobile Banking ‘Lite’ app for Windows Phone 7.
An American Express Serve app for both Android and iOS has been created for online purchases, paying bills and even person-to-person payments. The master account holder can create sub-accounts with spending limits – good for children, for example.
Chances are that if you bank with NAB, or your employer pays through NAB, you probably spent the weekend a little bit poor. Apparently, a “corrupted file” has thrown the bank into disarray for the better part of a week, leaving thousands of customers without access to their funds.
