Banks
Consumer demand for person-to-person (P2P) payments is rising and banks need a solution they can count on. mobile monē, from mobē, is the only truly mobile person-to-person payments service developed for banks.
mobile monē allows bank customers to send monē (money) to anyone, anywhere, at any time, using the recipient's mobile phone number.
Now banks can offer a bank-branded turnkey mobile banking solution to their customers. Not just information, such as balance and transaction history, but actual banking and payment functionality.
mobile monē allows banks to grow its customer base outside of its traditional methods due the viral nature or texting money to friends, family and vendors. mobile monē provisions a new account at the originating bank any time money is sent from one of their existing accountholders to a non-accountholder.
Send money from your mobile phone using anyone’s mobile number.
The recipient will notified by text message.
The recipient can go to mobilemone.com and enter their mobile number and monē code to claim their money.
Features
Mobile Person-to-Person Payments - Enables bank customers to easily send money from their bank accounts using a mobile number.
Central Payment Hub - Enables bank customers to send payments to anyone. Recipients who do not have a mobile monē account will be prompted to open one to receive the payment.
Flexible Architecture - Provides seamless integration with a financial institution's existing processes, customer servicing paradigms and online and mobile banking environments.
Convenient Payment Options - Offers multiple transfer options, including one-time, recurring or future-dated payments.
Optimized Payments Operations - Handles all aspects of ACH processing, including exceptions, resubmissions and inquiries.
Regulation Compliance Assistance - Enables financial institutions to comply with applicable regulations including EFTA, CDD/KYC and the U.S. Patriot Act. mobile monē also meets the industry standard for maintaining the security and privacy of sensitive consumer data.
Comprehensive Risk Management - Provides access to best-of-breed risk management tools and databases to manage risk across money movement services for the whole customer profile - not just at the transaction level - ensuring the most powerful risk management and transaction monitoring capabilities available.
Benefits for Banks
- Generate new transaction-based revenue in lucrative P2P payments space
- Respond to growing consumer demand for P2P payments
- Attract new customers and increase loyalty with innovative service
- Grow customer base through viral SMS based money movement
- Reduce costs associated with paper checks
- Accelerate mobile banking adoption
- Promote green banking
Benefits for Customers
- Send money to anyone, at any time using your mobile phone, eliminating the need for cash and checks
- Make payments using a mobile number
- Leverage flexible payment options, including immediate payments and recurring payments for ongoing expenses
- Receive payments electronically through a simple, convenient and secure process, eliminating the need to deposit paper checks
- Switch to a faster and more environmentally-friendly payment method versus mailing a paper check
- Track payment history easily online
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