MasterCard has certified the NFC service from security company Gemalto. India’s Tata Communications will be entering the mobile banking space. Petra and Acotelsa are planning a wide-scale mobile banking launch in Latin America. Microsoft aims high with its mobile banking service with M-Com.
MasterCard certifies Gemaltos Trusted Services Management Solution
Digital security company Gemalto has announced that MasterCard has certified its Trusted Services Management (TSM) service. TSM is basically a platform which other companies can use to launch their own NFC mobile banking services. These contactless solutions would allow merchants to accept payment from customers just by waving their mobile device over a check-out scanner.
Latin America gets big mobile banking push from Petra and Acotelsa
Petra Financial is software company that focuses on electronic payments and mobile banking. Along with telecoms and finance consultancy Acotelsa, it has an upcoming launch of mobile banking services in Latin America. The two companies will be offering the Touchstone Mobile service, which is essentially a way to mobile-enable a financial institution. It is, perhaps, a little high market for Latin America as it is being targeted at people with iPhones, Blackberrys and other high-end 3G and WiFi devices.
Microsoft enters mobile banking with M-Com
As one might expect, Microsoft is being very ambitious with its entry into the world of mobile banking. In association with mobile payments company M-Com, it has announced a mobile banking service called M-Com BankAnywhere. The core idea behind this service is that it will connect with the back-end of financial institutions all over the world, allowing customers a huge degree of access to their banking services via their mobile device. There are no details on how much money was involved in the deal yet, or indeed when we can expect to see this service roll-out.
Tata Comm plans to enter mobile banking managing services
Indian operator and telecoms company Tata Communications has announced it is entering the banking sector. It has set up a subsidiary called Tata Communications Banking InfraSolutions (TCBIL) – which will be offering services including mobile banking, ATM, internet banking and core banking.