B2B Payments

PNC Bank Leverages The iPhone For Businesses

With so many mobile banking solutions available to consumers today, it’s almost inevitable that these tools will make their way into the corporate banking world. PNC Bank unveiled Tuesday (Sept. 22) its own contribution to boosting mobile banking solutions within the enterprise.

[bctt tweet=”PNC Bank unveiled its own contribution to boosting mobile banking solutions within the enterprise.”]

In an announcement the bank said that it will now be offering Touch ID authentication for its corporate customers using the PNC Bank PINACLE mobile banking app on iPhone.

The solution provides corporate mobile banking users with the same services many individual customers use when doing their online banking on their iPhone.

"Business leaders on the go expect security and convenience when banking from their mobile device,” said PNC Bank Senior Vice President of Treasury Management/Product Management Howard Forman in a statement. “With the simple touch of a finger, our clients have fast and easy access to the information that they need most when away from the office."

Other financial services players have been integrating Apple’s Touch ID feature for their own services in recent months.

For example, late last year American Express integrated Touch ID into the Amex Mobile App, not only for consumer cards but also for commercial cards. “Commercial bankers, you are now free to add Touch ID features to your apps, too,” the company said in its newsletter announcement at the time.

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 AML/KYC Tracker provides an in-depth examination of current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.


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