Mobile Payments Solution BankAnywhere Available Globally

Leading mobile banking software vendor M-Com announced today the global availability of a solution meant to deliver mobile payments functionality to banks and payment processors, the M-Com BankAnywhere. The new solution, which uses Microsoft technologies (including Windows and Microsoft SQL Server), is set to enable banks to provide mobile payments services to users, while also helping them enhance their revenues.

Mobile payments solutions have seen a great adoption lately, and M-Com BankAnywhere comes to the market to deliver deployment flexibility for banks so as to drive the success of these financial services even further. The new solution has been announced at the Sibos 2009 global financial services forum.

According to the company, the banking industry around the world will benefit from a complete end-to-end mobile payments solution with the adoption of M-Com BankAnywhere. It ensures that banks can easily manage their services in the mobile market, while also providing them with risk management and best-practice security capabilities. At the same time, the solution is also capable of reducing the total cost of ownership for mobile channels.

“With the increasing adoption of mobile applications running on smartphones, the mobile channel can no longer be ignored by banks,” said Red Gillen, senior analyst at Celent. “Mobile payments continue to be at the top of the list of applications that will entrench mobile financial services in consumers’ daily lives, propelling it into the mainstream. As banks look to invest in this strategic area, vendors that can provide solutions which go beyond simple mobile banking informational services to address other value-added services such as bill payment will be the ones that come out on top.”

The mobile payment services, M-Com states, should become available to consumers via a variety of handsets, manufacturers and carriers. Its BankAnywhere solution on the Microsoft platform can address these factors by providing new revenue opportunities from different types of transactions, including payment and value-added ones, reducing costs and delivering control over the bank’s mobile channel.