0 Comments
NORCROSS, Ga. — S1 Corp. has licensed 10 customers for its S1 Mobile solution, which allows financial institutions worldwide to drive mobile banking and payments from their retail and business customers. S1 is focused on interoperable solutions that can be deployed through all channels: online, branch, teller, ATM, contact center and mobile.
 
According to a news release, S1 Mobile, offered by the Postilion and S1 Enterprise divisions, allows consumers and businesses to conduct banking transactions, bill payment, retail payments, person-to-person and business-to-business payments through any mobile device using SMS, a mobile browser or a combination of the two. 
 
The solution offers mobile payments via ACH, wire transfers, positive pay, payment approvals and the ability to manage credit, debit and prepaid cards. S1 Mobile allows services such as balance inquiries, funds transfer and bill payment, and supports multifactor authentication and multilanguage capabilities. 
 
"The mobile channel is not just an extension of the existing online banking channel but a significant new interaction channel in which the bank can forge a deeper, more profitable relationship with both existing customers as well as new segments of customers," said David E. Westerburg, senior vice president and chief marketing officer for Northwest Savings Bank. "S1's vision for mobile aligns well with Northwest Savings Bank's vision of serving all segments of the market, including retail and small business customers."
 
The mobile channel has emerged as a significant customer-interaction channel, according to TowerGroup. U.S. consumers are expected to spend more than $20 billion during handset-based purchases by 2012. FIs around the world are not only looking to deepen customer relationships and drive increased revenue through this strategic channel.
 
"For financial institutions of all sizes, the strongest return-on-investment from the mobile channel will come from their ability to drive payments revenues from both the retail and business customer base," said Virginia Garcia, TowerGroup's senior research director of the cross-industry practice. "Support for a wide variety of payment types as well as the ability for consumers and businesses to conduct any type of transaction through any mobile device is essential for relevancy in the payments landscape of the future."

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

King Teller K2(08) - Cash Recycling System

http://global.networldalliance.com/new/images/products/K208_100.gif

1148/King-Teller-K2-08-Cash-Recycling-System

Mobile POS -KS8210

http://global.networldalliance.com/new/images/products/4509.png

4509/Mobile-POS-KS8210

Wall-mounted Multi-functional Kiosk-ZT2831

http://global.networldalliance.com/new/images/products/4008.png

4008/Wall-mounted-Multi-functional-Kiosk-ZT2831

SOLVPRO SERVICE™ Service Contracts

http://global.networldalliance.com/new/images/products/Solvpro_Service_logo_100.gif

3706/SOLVPRO-SERVICE-Service-Contracts

ATM Sales and Service

http://global.networldalliance.com/new/images/products/781.png

781/ATM-Sales-and-Service

ATM Storage and Logistics

http://global.networldalliance.com/new/images/products/4413.png

4413/ATM-Storage-and-Logistics

OptConnect Wireless Modem for IP-only ATMs (The OC-250)

http://global.networldalliance.com/new/images/products/4098.png

4098/OptConnect-Wireless-Modem-for-IP-only-ATMs-The-OC-250

ATM Parts

http://global.networldalliance.com/new/images/products/4409.png

4409/ATM-Parts

Traditional Equipment Sales and Service

http://global.networldalliance.com/new/images/products/1030.png

1030/Traditional-Equipment-Sales-and-Service

ATM Dial Up to IP, IP to IP, The DPL Group Hercules IP

http://global.networldalliance.com/new/images/products/721.png

721/ATM-Dial-Up-to-IP-IP-to-IP-The-DPL-Group-Hercules-IP

OptConnect
Customer Experience Technology Buyer
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.