The Electronic Payments Association’s Council for Electronic Billing and Payment issued final guidelines for the use of Quick Response (QR) codes in consumer bill payments. The guidelines describe the use of QR codes in a variety of bill payment functions such as viewing bills, making bill payments, enrolling for eBills, and setting up payees in online banking in both biller direct and consolidator/aggregator billing and payment models. The goal is to establish a single QR code format to be printed on a paper bill and scanned by the consumer’s mobile phone using a biller, mobile banking, or generic QR code reader. Click here for more information.
U.S. Bank announced that in early 2013, they will launch Mobile Photo Bill Pay, a service that will allow customers to pay bills by snapping a photo of their paper bill or remittance coupon with their mobile device. Click here for more information.
City National Bank launched two mobile web browser-based business solutions for small business and treasury clients. Business Online for Mobile allows authorized users to view account activity, make account transfers, schedule or approve bill payments, and locate a branch. City National Treasury Net for Mobile includes all the capabilities of Business Online for Mobile, plus the ability to approve wire transfers and release ACH transactions with a security token. Click here for more information.
Bank of America's new Mobile Pay on Demand service, available 12.03.2012, will provide small businesses with the ability to accept card payments through their mobile phones. This service includes a free mobile app with secure card reader for smartphones and iPads, next day access to funds, data encryption, and the ability to redeem card offers through BankAmeriDeals. Mobile Pay on Demand has no monthly or annual fees, and a 2.7% transaction fee for swiped, and 3.5% plus $0.15 for hand-keyed transactions for Visa, MasterCard, and Discover. Merchants who sign up between 12.03.2012 and 12.31.2012 will receive a free year subscription to iDeals Marketing Platform Pro, an online marketing resource where merchants can promote their businesses. Click here for more information.
U.S. Bank is releasing a new mobile app designed for the Windows Phone 8 operating system. The release of a mobile banking app on the Windows Phone platform means that U.S. Bank can now serve customers who choose any major mobile phone, having previously released apps for Android, iPhone, and Blackberry. The app can be downloaded for free from the Windows Phone Store. Click here for more information.
Citizens National Bank has launched Citizens Bank Mobile Banking featuring Xpress Deposit, their Remote Deposit Capture solution. With this integration, business clients are now able to deposit checks, view balances, initiate payments, and locate a Citizens Bank nearest to them through their smartphone. Click here for more information.