MILWAUKEE — Metavante, a provider of banking and payments technology, has announced that Corporate Network eCom LLC has named Metavante Corp. its provider of mobile banking and payments solutions and will resell Metavante Mobile Financial Services, powered by Monitise Americas, according to a news release.
eCom, a majority-owned subsidiary of U.S. Central, provides electronic financial services to the Corporate Credit Union Network, which in turn serves the nation's nearly 8,400 consumer credit unions. Monitise Americas is the mobile banking and payments joint-venture between Metavante Corp. and Monitise PLC, the global leader in the provision of mobile banking services.
A year after naming Metavante its provider of online bill payment and presentment solutions, eCom now offers Metavante Mobile Financial Services to U.S. Central's expansive network of corporate credit unions. Initial mobile features, which Metavante delivers using the secure Monitise application, will include registration from the mobile phone and credit union Web sites, the ability to obtain account balances, bill payment and funds transfers between accounts.
Additionally, these services integrate fully into eCom's current line of MemberPay products. Future planned services will include access to mini-statements showing account activity, text messages informing customers of account balances and changes, and the option of making faster than normal expedited payments.
"Aligning with Metavante for bill pay, and now mobile financial services, directly supports eCom's role as a payments aggregator," said Marcie Haitema, executive vice president of correspondent services for U.S. Central and presiding manager of eCom. "As such, eCom must offer the right combination of technology solutions for our members' strategic markets going forward, such as Gen Y, the un- and under-banked and small businesses. We believe mobile will be key to success in those markets."
