Fiserv launches Mobile Money m-banking, payments service

The service enables organisations to reach consumers via all three mobile access modes, namely short messaging service (SMS), wireless application protocol (WAP) and downloaded mobile applications. Fiserv Mobile Money offers online and offline enrolment capabilities and integrates with core banking, online banking and electronic payments systems. Fiservs scalable mobile banking and payments application is designed to leverage a financial institutions or billers existing online security infrastructure, including existing credential management capabilities. In addition, Fiserv Mobile Money offers consolidated customer care and reporting across both the online and mobile channels. The new application builds upon to the existing Fiserv mobile banking options already in the market. Consumers can enrol via a mobile device, at a branch, ATM or customer contact centre, as well as via the online channel. Fiserv will also support certain marketing campaigns and research aimed at driving adoption and usage within this emerging channel.