Mandates and payments roundup, September 6

Fiserv introduces a new mobile banking suite, while Fis wins a mandate from India's Dhanlaxmi Bank.

Fiserv launches new mobile banking solution

Financial services technology solutions provider, Fiserv, has launched a new mobile banking, alerting and payments suite called Mobiliti. The solution can be tailored for use by different sized financial institutions internationally. It supports short messaging service, mobile browser and downloadable applications for Android, Blackberry and iPhone.

“With hundreds of financial institutions and millions of consumers using Mobiliti solutions, Fiserv is able to draw on practical channel experience to anticipate the evolution of mobile financial services,” said Erich Litch, president of digital channels at Fiserv. “Mobile access is reshaping the way consumers manage their finances, and Mobiliti from Fiserv delivers the capabilities financial institutions need to meet consumers wherever they want to transact.”

Fis wins ATM mandate in India

India’s Dhanlaxmi Bank has implemented an automated teller machine (ATM) switching and transaction processing solution from banking and payments technology provider, Fis. The solution will allow the bank’s account holders to freely perform transactions using their debit cards. In addition, Dhanlaxmi Bank has added more than 300 ATMs to its network and has introduced new products and services including internet and mobile-based banking.

According to Anand Gupta, executive vice-president and head of alternate channels at Dhanlaxmi Bank, the solution has “proven to be beneficial as we have seen tangible results and improved service levels at a lower cost to the bank.”

Dhanlaxmi Bank is a mid-sized private sector bank based in Kerala. Under the new partnership, the bank’s ATMs will join Fis’s supported network of more than 3,000 ATMs in the country.

Juno Capital and Accumulate partner for mobile payments

Sweden-based mobile technology company, Accumulate AB, and Juno Capital Asia have formed a new joint venture in China to commercialise Accumulate’s Mobile Everywhere technology for mobile payments in the country.

“We are excited about the cooperation with Juno Capital,” said Carl Palstierna, chairman of Accumulate. “Combining the companies' resources and skills, the target is to get new projects where our mobile payment platform is the base where customers use their mobile as a channel for many financial services.”

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