Postilion enters US m-banking market

Source: Postilion

Self-service banking and payments company Postilion, a division of S1 Corporation, today announced that it will launch the Postilion Mobile solution for banks and credit unions in the U.S.

Mobile financial services activity has continued to increase and active U.S. mobile banking users are expected to reach 1.6 million by the end of 2007, and climb to nearly 35 million users by 2010, according to Aite Group. Postilion Mobile is poised to meet the changing demands of this market. The Postilion Mobile solution can be easily deployed and quickly extended to offer new capabilities to help drive mobile adoption rates. Postilion Mobile supports a wide range of banking and payment functions, is multi-language and multi-currency capable, and offers a consistent look and feel across Postilion self-service channels.

"Unlike past efforts to deploy mobile banking solutions, today's mobile applications leave something on the table for all the participants in the mobile financial services ecosystem. That's what has been missing up to now," comments George Peabody, Director for the Emerging Technologies Service, Mercator Advisory Group. "Postilion Mobile is among the solutions that now offers the U.S. market a more targeted, value-added mobile banking and payments solution."

"The launch of Postilion Mobile demonstrates how we continue to leverage our experience gained in international markets, where mobile banking and payments are more mature, to help banks and credit unions stay ahead in the U.S.," said Pierre Naude, General Manager of Postilion Americas. "Postilion is committed to extending its multi-channel architecture to provide the solutions that meet the growing demands for integrated self-service banking and payment processing."

Postilion Mobile is based on technology developed by Fundamo, an international provider of mobile banking and payment solutions. Postilion has acquired a source code license to Fundamo's mobile banking software, a proven technology that has been enabling mobile banking transactions since 2002. In connection with the source code license, a team of employees from Fundamo will join Postilion to continue to develop and enhance the Postilion Mobile solution.

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