News

Fiserv sees growing demand for mobile banking, payments

September 18, 2012

Financial services technology provider Fiserv has announced that more than 1,100 financial institutions have now selected the company to provide their mobile banking solutions. The company's mobile banking and payment platform, Mobiliti, currently serves customers on five continents and is growing at an average of about 10 percent monthly.

Mobiliti, lets banking customers use their mobile phone to check their account balance, locate an ATM, pay bills, send person-to-person payments, and (with a camera-equipped phone) deposit a check remotely. Functions can be carried out via text messaging, with a mobile browser, or through a downloadable app for iPhone and Android mobile operating systems.

As a result of the growth of Mobiliti, Fiserv expects to double the number of clients using its Mobile Source Capture solution. The service can be offered through Mobiliti or as a stand-alone solution.

"More than 1,000 financial institutions have chosen Fiserv to help them launch mobile banking for the first time, or to replace a first generation service with a more robust solution that accommodates their long-term strategy," said Erich Litch, president, Digital Channels, Fiserv. "Customers of these banks and credit unions are embracing new mobile financial capabilities as they become available, indicating that these services have become a must-have."

"We selected Mobiliti because it provides our customers with a comprehensive set of capabilities that make it easier for them to monitor and manage their daily finances," said Alan Fosler, senior vice president of Union Bank and Trust in Lincoln, Neb. "We also appreciate the fact that the service will be able to grow with us, enabling us to add more capabilities over time."

For more on this topic, visit the mobile banking research center.