StonehamBank taps Fis for mobile financial services

Source: Fis

Fis (NYSE: FIS), one of the world's largest providers of banking and payments technology, today announced that StonehamBank has launched mobile banking and payment services using its Mobile Financial Services.

StonehamBank is a full-service community bank, headquartered in Stoneham, Mass. It is one of the first in its market to provide a spectrum of mobile banking and payment services that are available to virtually all of its customers.

"We're focused on providing our customers with the latest means to access and receive information about their accounts, whenever and wherever they need it," said Patricia Lauzon, vice president of retail operations, StonehamBank. "One customer might need to pay a bill they've remembered at the last minute. Another might enjoy the security of receiving alerts about transactions made on their accounts. The mobile services we have implemented from FIS provide us with the flexibility to meet the needs of a wide variety of customers by offering around-the-clock access and convenient functionality."

Mobile customers can use a variety of different hand-held devices, from simple flip phones to PDAs, to access all of StonehamBank's mobile capabilities either by downloading the bank's mobile application onto their phone or accessing the application through their phone's Web browser. These users can check account balances, view mini-statements for recent activity, transfer money between accounts, pay bills and make last-minute payments. Customers can also take advantage of using text messaging to check their balances or receive alerts, even if their phones do not have Web browser access.

"FIS is fully committed to helping financial institutions provide mobile customers with convenient and immediate access to financial information via their cell phones," said Kay Nichols, executive vice president, FIS Channel Solutions. "The integrated nature of FIS Mobile Financial Services helps make it easier for institutions such as StonehamBank to stand out in their local marketplace. With this flexible mobile solution, FIS enables clients to move out in front of their competitors quickly to offer the on-demand convenience nience convenience of mobile services without significant up-front resource commitments."

FIS is a pioneer in delivering integrated mobile banking and payment solutions that provide end-customers with the convenience of immediate access to their banking information. Services from FIS' Mobile Financial Services include:
• Downloadable mobile and iPhone applications
• Text messaging and alert services
• Web browser-based service

StonehamBank leverages a full suite of banking and payments solutions through FIS' Integrated Banking Services (IBS), a comprehensive outsourced core processing platform. The relationship includes ATM support, card processing, customer relationship management, electronic banking, electronic payments, imaging services, loan origination, risk and compliance, wealth management, and participation in the NYCE Network.

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