The National Bank of Kuwait has launched a contactless mobile-payments test in Kuwait that relies on Near Field Communication technology. The test also involves Visa Inc., Kuwait-based mobile-network operator Zain and United States-based contactless-technology vendor Vivotech Inc., which is providing the electronic wallets for the NFC-enabled phones and over-the-air provisioning software. The test, scheduled to run until April, involves no fewer than 500 of the bank's credit cardholders and relies on Nokia 6212 handsets. Trial participants download Visa credit card-account details to their mobile phones. Participants can use their phones to make contactless purchases at some 100 merchants located at The Avenues mall.
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With its Digital Managed Solutions robo advisory service, Edward Jones is moving into territory already occupied by Fidelity and Vanguard. But it's building the offering on one of its greatest strengths: its network of branch advisors.
10h ago -
Cogent Bank has tapped an industry veteran to lead a new unit focused on ensuring high-net-worth clients can smoothly transfer assets to their heirs.
11h ago -
The New York City-based credit union is planning to roll out the technology as more consumers turn to large language models to help manage their finances and hopes it will eventually provide more insight into its members.
11h ago -
As clients consider when to claim Social Security, an advisor proposed a strategy to maximize tax-free retirement income using certain benefits and senior deductions.
August 25 -
The company's Genius World, a miniature town that showcases different merchant types, is part of a plan to get the technology in front of more retailers.
August 25 -
The Canadian bank, which generates a significant portion of its revenue in the states, is on a path toward higher returns in the U.S., executives said Tuesday.
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