Microsoft and M-Com Deliver Mobile Payments Solution Globally

­Microsoft has boosted its mobile banking services by teaming up with M-Com's BankAnywhere to provide a complete end-to-end mobile payments solution for the banking industry worldwide.

"It is clear that consumers in Asia and around the world have an insatiable demand for mobile financial services, especially payment transactions," said Adam Clark, CEO of M-Com. "Banks must engage their customers and prospects in the mobile channel in the short term to ensure they profit from sustainable revenues and key customer segments that are adopting these services."

As prominent examples, Bangkok Bank and KeyBank both recently selected a mobile financial services solution that leverages the M-Com BankAnywhere platform. The institutions chose Mobile Money from Fiserv, which was launched in conjunction with M-Com in September 2008. Fiserv, a partner of Microsoft and M-Com, is a provider of financial services technology solutions.

"We needed a product that would scale to a large number of users and could be extended to meet the diverse needs of Key's multiple lines of business and client segments," said Allison Landers, senior vice president, Virtual Banking, KeyBank. "Mobile banking is a strategic opportunity area for banks. By adopting the M-Com BankAnywhere platform for SMS, we're providing our clients a strong first step into mobile banking with a seamless and compelling user experience."

Posted to the site on 16th September 2009