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SunTrust signs with Fiserv for Mobile Money
March 21, 2010
Fiserv Inc. has signed SunTrust Banks Inc. on for Mobile Money from Fiserv.
According to a news release from Fiserv, Mobile Money will provide SunTrust's clients with broader access to mobile financial services. SunTrust is expected to use Mobile Money to enable customers to access their accounts using SMS/text messaging or mobile-browser technology, complementing a separate downloadable application that is already available. Additionally, users will be able to sign up for a variety of account alerts, Fiserv says.
"The selection of Mobile Money from Fiserv is another step toward the fulfillment of our overall mobile financial services strategy," said Ginger Schmeltzer, senior vice president of SunTrust Bank. "It is important to offer each of our clients the ability to easily access their account regardless of the type of mobile device they use. We also want to enable clients to more proactively manage their accounts through customized account alerts. Mobile Money will allow us to deliver both robust access and a rich set of alerts."
The selection of Mobile Money represents an expansion of an existing relationship, as SunTrust already utilizes consumer online banking and bill payment solutions from Fiserv.
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