BROOKFIELD, Wis. — Fiserv Inc., provider of financial services technology, has announced the launch of its Mobile Money FastTrack service, a packaged mobile banking solution for financial institutions.
According to a news release, Mobile Money FastTrack, a streamlined version of the flagship Mobile MoneySM solution introduced by Fiserv in 2008, delivers essential mobile banking features that can be enhanced as the mobile channel matures. Mobile Money FastTrack can provide "triple play" technology that enables consumers to access their accounts using any of the three primary mobile access modes: mobile browser, SMS or a downloaded application.
The solution combines banking and payments capabilities, and includes functions such as balance inquiries, transaction history, account transfers, bill payments and one- and two-way account alerts. Informational services, such as an ATM and branch locator, are also included. Available in an in-house or hosted version, Mobile Money FastTrack is a licensed solution targeted toward mid- to large-sized financial institutions. The solution is pre-integrated into select Fiserv banking products, and mobile browser and SMS-based mobile banking functionalities can be implemented within 90 days for many financial institutions.
Mobile Money FastTrack features around-the-clock deployment support and utilizes security best practices such as data encryption, along with additional risk management safeguards.
