Fiserv Inc. yesterday announced the new Mobiliti mobile banking, alerting and payments suite that combines Mobile Money from Fiserv, and BankAnywhere from the recently acquired M-Com. Mobiliti will replace both product brands.
Mobiliti is available in multiple versions for use by financial institutions of varying sizes within both the United States and international markets, according to a press release.
"Mobile banking adoption continues to gather momentum in the U.S., fueled by strong consumer appetite for smartphones and banks' burgeoning supply of new mobile banking applications, websites and alerts," wrote Brad Strothkamp, principal analyst, eBusiness and Channel Strategy, Forrester Research, in The State of U.S. Mobile Banking 2011. "As consumers gain confidence with the channel, their needs are shifting from simple functionality like account balances and ATM locators to transactions like bill payment and account transfers."
Mobiliti supports all three major mobile access modes: SMS (text messaging), mobile browser and downloadable applications for Android, iPhone and Blackberry. The suite includes:
Mobiliti Enterprise—A customizable solution for large banks. It is host-system agnostic, facilitating integration into existing architecture, and supports robust functionality including remote deposit capture, bill presentment and payment, person-to-person payments, alerting and location services.
Mobiliti Advantage—Enables FIs to implement high-demand mobile banking functions, such as balance inquiries, transfers and bill payment, within a condensed timeframe. Advantage is tailored to the U.S. market.
Mobiliti Edge—Similar to Advantage, but intended for use in international markets, with a focus on integrated mobile payments.
"Mobile access is reshaping the way consumers manage their finances, and Mobiliti from Fiserv delivers the capabilities financial institutions need to meet consumers wherever they want to transact," said Erich Litch, president, Digital Channels, Fiserv.
Mobiliti is also available in an ASP version that is pre-integrated into multiple Fiserv account processing and online banking solutions.
For more information on this topic, visit our mobile banking research center.
