CPNI Enhances PATbank Mobile Banking Platform

PATbank allows Financial Institutions to securely and easily offer their existing online banking assets to their customers via a mobile phone. PATbank delivers a range of services, such as the ability to check account balances, perform bill payments, view portfolios and find bank machines. The content, control, features and flow are bank specific and can be modified without changing or re-installing the mobile client. This lowers the cost of deployment and allows each bank to customize their competitive offering.

Banks have the flexibility to implement 1, 2, or all 3 services with a single sign-on and a single software download to the mobile phone. To make transfers or purchases, consumers simply provide the recipient's or merchant's telephone number, select a bank account or credit card and enter the amount of the transaction. Banks can also deliver personalized services for individual customers, providing direct marketing opportunities and an improved customer experience.

"Without question the penetration of PATbank will be enhanced when combined with the viral P2P offering PATsend. This provides a comprehensive bank-side mobile commerce solution," commented Patrick Bird, President and Chief Executive Officer of CPNI Inc. "As part of our integrated suite or on its own, PATbank provides banks with a stepping stone to the lucrative mobile payment market, the value of which is expected to grow to over $300 billion by 2013." (Juniper Research)