Analysis of News relating to the Digital Money Ecosystem

Apple aims to launch money-transfer service, technology - Alive For Football

29/04/2017 Link to source

Apple aims to launch money-transfer service, technology Many big banks, for example, have easy transfer features like Chase's QuickPay service or Bank of America's mobile money transfer . It handled $7.5 billion in transactions in 2015, and almost $3.2 billion in the first quarter of 2016. You can utilize ...

Context

	USA The United States of America is a federal constitutional republic consisting of fifty states and a federal district.
	Apple Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its rev
	Digital Technology The Digital Technology domain has been described by Shift Thought™ as a way to understand the technologies that form the basis of the products and services within the Digital Money domain.
	Mobile money The Mobile Money service category described by Shift Thought™ refers to financial services that provide a stored value account where the customer relationship is not with a bank.
	Money Transfer This category refers to Money Transfer Services. This includes domestic, regional and international money transfer across all channels.
	Mobile wallet Mobile Wallet service category refers to the use of an account and stored value or e-money associated with a mobile subscriber.
	Bank of America - USA Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations
	Apple USA Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its rev
	Apple iCloud Keychain Recently received patent and provided a peek at a likely e-wallet icon for the i-Phone. Currently iTunes Sales $4.1b - plan to launch NFC
	Apple Passbook Wallet Apple recently received a patent for a digital wallet and virtual currency. This would build further on their current use of mobile phones to make purchases at stores and related to iTunes Sales.
	Bank of America Mobile Banking Bank of America grew mobile users by 4% in the first quarter of 2014, and shed 1% of its branches. Mobile users stand at 15 million, having grown by 20% within one year.
	Bank of America M-Payment trial Bank of America launched a mobile payment trial with microSD Cards for customers who paid with BlackBerry phones in three cities. The payment applications were MasterCard PayPass or Visa payWave.
	Transfer (formerly Banamex Transfer) Leading mobile operator America Movil and US bank Citigroup have announced a joint venture to offer mobile banking throughout Latin America, in what would be a major boost to the take-up of such services in the region. The joint venture called Transf
	Visa Mobile Money - Kenya Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Domestic Money Transfer (DMT) The Domestic Money Transfer (DMT) topic discusses issues relating to the transfer of money within a country.
	International Money Transfer The International Money Transfer (IMT) topic discusses issues relating to the transfer of money across countries.
	Mobile Money Transfer This topic covers a wide range of innovative services where a mobile device is used as a channel to provide services to market segments that include previously banked users, but also those thay may be unbanked or underbanked.
	Mobile Money Mobile money uses ownership of the mobile to extend financial access
	Money Transfer Money transfer refers to the movement of money from one person or institution to another.
	Technology Technology has a key role to play in enabling innovations in digital money services.
	Aircel ICICI Mobile Money Aircel partnered with ICICI to launch Mobile Money, a prepaid account for Aircel subscribers through which they can transfer funds, pay bills and enjoy other services from their mobile phones.
	Apple Wallet services Recently received patent and provided a peek at a likely e-wallet icon for the i-Phone. Currently iTunes Sales $4.1b - plan to launch NFC
	Bank of America Digital Banking Bank of America grew mobile users by 4% in the first quarter of 2014, and shed 1% of its branches. Mobile users stand at 15 million, having grown by 20% within one year.
	Bank of America M-Payment trial Bank of America launched a mobile payment trial with microSD Cards for customers who paid with BlackBerry phones in three cities. The payment applications were MasterCard PayPass or Visa payWave.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.

---