Fidelity National Information Services has announced the launch of a new two-way mobile banking and bill pay product suite, FIS Mobile Banking and Bill Pay. The offering supports all three modes of mobile banking -- SMS/text, mobile web and downloadable application solutions, allowing financial institutions to target different segments of their client-base with the most appropriate mobile banking solution. FIS teamed with ClairMail and mFoundry to provide the new services.
To provide the most advanced mobile banking and payments offering in the market, FIS teamed with two leading mobile banking and payment providers, ClairMail, Inc. and mFoundry. The two providers had previously announced a partnership and offer complementary, advanced mobile solutions, integrating ClairMail's two-way mobile banking and payments platform and SMS/text and mobile Web solutions with mFoundry's downloadable Spotlight application. As a result of the combined ClairMail-mFoundry solution, FIS will have a single platform to implement, manage and support for its clients. Additionally, the ClairMail platform will allow "wake-up" of the mFoundry application and its Event Engine will enable user-defined two-way actionable alerts.
"In conjunction with mFoundry, ClairMail's complete mobile banking and payments offering and revolutionary two-way alerting Event Engine now give FIS customers the solution they need to appeal to the broad banking consumer base and drive adoption," said Joseph Salesky, chief executive officer of ClairMail. "Whether a bank is looking to enter the mobile arena or strengthen an initial pilot effort with a full-service mobile banking and payments offering, FIS can now provide that integrated solution."
As a leading provider of core technology services in the financial industry, FIS is poised to offer a core-based mobile solution that will ensure consistency between the mobile channel and core banking transaction data. The FIS Mobile Banking solution will be available as a managed service offering or an on-premise implementation, allowing flexibility based on the financial institution's needs. The hosted platform will be interfaced with FIS solutions, including core, internet banking, commercial cash management, bill pay, prepaid, debit and credit card.
"The demand from financial institutions for a secure and comprehensive mobile banking and payments solution has risen dramatically over the past year," said Anthony Jabbour, executive vice president for FIS Core Processing and eBanking. "When deciding among mobile banking and payments solution providers, we selected ClairMail given their unique, best-of-breed capabilities, including two-way functionality across all three mobile user interfaces and their innovative Event Engine. Our previously announced alliance with mFoundry for mobile banking and payments via an advanced downloadable application rounds out the triple-mode solution, which will provide all of our clients, regardless of size, with an affordable, state-of-the-art mobile solution."
"Core processing vendors are uniquely positioned to drive best-in-class mobile banking solutions because of the role they play as technology integrators and ecosystem conductors," said Virginia Garcia, research director of TowerGroup. "FIS is presently the only core processing vendor offering a mobile banking solution on all three mobile user interface modes. TowerGroup believes that deploying a multi-modal mobile banking solution is essential to serving the differentiated needs of all consumer market segments in the highly fragmented mobile marketplace."