77% of bankers think fraud are the biggest barriers in mobile banking

Fundtech Ltd., a market leader in global banking solutions, announced the results of a survey on mobile corporate banking.

The results reveal that developing a mobile banking channel for their corporate clients is a top priority; and many think it has the potential to become an important competitive differentiator. By far, the major concern is related to security and fraud issues.

George Ravich, Chief Marketing Officer of Fundtech comments: “The results of the survey show strong interest in developing the mobile corporate banking channel. One interesting dichotomy was revealed: while only 15% of those bankers surveyed see mobile corporate banking as a revenue opportunity, our recent survey done in partnership with Aite Group revealed that 49% of corporate treasurers are willing to pay for such services. This suggests that banks may still not yet fully realize the business opportunity for mobile banking.”

PaymentsLIVE!™ Live Video Webcast

An in-depth review of survey results will be covered during the PaymentsLIVE! live video webcast titled “Corporate Mobile Banking – Get in the Game” originating from the NACHA PAYMENTS 2011 conference in Austin, TX on April 4th at 12:30 PM EDT. Participating on the panel is:

- Bank of America: Cindy Murray – Executive Vice President Global eCommerce
- RSA Security: Angel Grant – Senior Manager, Anti-Fraud Solutions
- Treasury Strategies: David Wexler - Principal
- Fundtech: Ed Gainer – Senior Vice President, Cash Management

The panel will speak about their own mobile corporate banking initiatives and provide their recommendations to bankers on how to be successful in this fast moving market. To register for this one-hour live video webcast go to: https://www.visualwebcaster.com/fundtech11/

Fundtech recently introduced the first mobile corporate banking platform named Mobile ACCESSplus. By adding mobile capabilities to transaction banking services banks can extend their reach with anytime anywhere availability. This new level of service and productivity will enhance customer loyalty and will become an important part of winning new business. In addition, mobile services have the ability to drive new revenue streams through new product innovation. Mobile ACCESSplus offers the opportunity to build stronger and more profitable client relationships.

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