Corporate Network eCom Selects Metavante for Mobile Banking

A year after naming Metavante its provider of online bill payment and presentment solutions, eCom now offers Metavante Mobile Financial Services to U.S. Central’s expansive network of corporate credit unions. Initial mobile features, which Metavante delivers using the secure Monitise application, will include registration from the mobile phone and credit union Web sites, the ability to obtain account balances, bill payment and funds transfers between accounts. Additionally, these services integrate fully into eCom’s current line of MemberPay products. Future planned services will include access to mini-statements showing account activity, text messages informing customers of account balances and changes, and the option of making faster than normal expedited payments.

“Aligning with Metavante for bill pay, and now mobile financial services, directly supports eCom’s role as a payments aggregator. As such, eCom must offer the right combination of technology solutions for our members’ strategic markets going forward, such as Gen Y, the un- and under-banked and small businesses. We believe mobile will be key to success in those markets,” said Marcie Haitema, executive vice president of correspondent services for U.S. Central and presiding manager of eCom. “Metavante has proven its understanding of the credit union movement and demonstrated its ability to collaborate with us. eCom believes Metavante Mobile Financial Services, powered by Monitise Americas, will position corporate credit unions and their credit unions as leaders in an evolving financial services market populated with a new generation of wealth and non-traditional members.”

“Many financial institutions have yet to define a strategy that will reach end-users who require non-traditional relationships,” said Jeff Lewis, division president, Metavante ePayment Solutions. “These largely untouched market segments demand a higher level of convenience made possible by mobile. And with cell phone penetration rates topping eBanking adoption rates by a healthy margin, mobile has possibilities beyond Gen Y. eCom’s expansion of its Metavante relationship sends a message that Metavante has assembled a multi-faceted mobile solution that can evolve to quickly respond to changing consumer wants and demands.”

By selecting a mobile financial services provider that also features a wide-ranging suite of payments solutions, eCom can deliver incremental value through the Corporate Network to the credit union movement. The integration of Metavante payments solutions — bill pay, prepaid and NYCE Network — with its mobile financial services creates a clear line of sight to mobile payments and commerce.

NYCE Payments Network, LLC, is a leading U.S. ATM and PIN debit network and a Metavante company. By integrating Metavante Mobile Financial Services with the NYCE Network and employing the existing infrastructure and connections of a national payment network, Metavante can alleviate concerns around additional technology and upfront development costs. Plus, sending mobile transactions across NYCE taps into the strong security protocols required of payments networks. The deployment of Metavante Mobile Financial Services across a national payments network also creates the benefit of making mobile services available to virtually all account holders at a financial institution versus just online banking users, as is the case when a mobile platform is deployed as an extension of an eBanking platform.

Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN-debit network in NYCE, mobile banking and payments, online bill pay, healthcare payment solutions, a suite of payment cards and automated clearing house (ACH) processing. Metavante can help clients grow revenue by capitalizing on the expanding electronic payments markets, including financial, healthcare and government payments. Metavante offers clients the efficient and integrated resources necessary to offer their customers a broad range of payment options and touch points.