Fiserv’s Mobile Money enables "triple play" mobile banking for KeyBank customers

A provider of financial services technology solutions Fiserv on Monday announced that company’s Mobile Money was selected by KeyBank as a tool supporting the bank's strategic growth plans for the mobile channel. This deal enhances the existing relationship between KeyBank and Fiserv.

KeyBank's selection of Fiserv mobile enterprise financial services platform is consistent with recent recommendations from market analysts and commentators. The main reason KeyBank chose Mobile Money, was the Fiserv’s ability to deliver a full range of customer-focused, innovative mobile solutions which will complement and easily integrate with the bank's other services and infrastructures. Mobile Money solution combines banking and payments capabilities, and includes functions such as balance inquiries, transaction history, account transfers, bill payments and one and two-way account alerts.

Thus Mobile Money will supply KeyBank with "triple play" technology that let consumers access their accounts using any of the three primary mobile access modes: a downloaded application, mobile browser, or SMS. SMS opportunities are provided by VeriSign Messaging and Mobile Media, that successfully delivered more than 224 billion mobile messages through its networks in 2008.

Currently KeyBank takes advantage from Fiserv solutions for online bill payment, cash and logistics, revenue enhancement, investment services and business banking.