M-Com launches SaaS version of mobile banking platform

Source: M-Com

International mobile banking solution provider, M-Com, announced today the launch of a complete 'Software as a Service' (SaaS) version of its globally deployed mobile banking and payment platform - BankAnywhere.

The new product has been labeled BankAnywhere ASP Edition.

"Having run ASP and multi-tenant mobile financial services since 2006, we have been focused on trying to create a full and complete ASP version of our award-winning product - BankAnywhere," states M-Com CEO and Founder, Adam Clark. "The team has worked very hard and the initiative has given our coffee machine a solid workout, but I can categorically say that M-Com now has the best mobile software-as-a-service platform in the world for banks and payment processors."

M-Com's strategic partner Fiserv - the leading global provider of financial services technology solutions - contributed to the development of the new service and has incorporated BankAnywhere ASP Edition technology into Mobile MoneyTM from Fiserv. The company announced in July that more than 150 credit unions have chosen to implement Mobile Money, including 84 that are already live.

Using BankAnywhere ASP Edition, financial institutions' customers and members are able to check balances and transaction history, transfer funds, view and pay bills and receive alerts. These mobile services are available through all three primary mobile access modes; SMS, Mobile Browser and Downloadable Applications.

BankAnywhere ASP Edition enables M-Com's partners to configure and deploy mobile banking, alerting and payment services for new financial institution clients through a real-time set up process within BankAnywhere's web-based administrative console. This includes configuring the service preferences and parameters for mobile financial services on a institution by institution basis.

"We think that this is the most compelling way for a bank or credit union to set up its mobile channel experience. Nowhere in the world is it easier or faster to add or extend an entirely new banking channel," adds Clark.

Earlier in the year, Javelin Strategy and Research ranked M-Com, along with its strategic partner Fiserv, as "best in class" amongst the top 12 mobile banking vendors within the North American market.

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