ClairMail Rolls Out Mobile Intelligent Payment

ClairMail, Inc., the leader in mobile banking and payment solutions,
has introduced its new Intelligent Payments Solution, as part of a
unique mobile payments strategy designed to utilize a financial
institution’s existing payment infrastructure and capabilities. The new
solution uses a platform-based approach and leverages ClairMail’s
recently announced Mobile Connectivity Architecture (MCA) to deliver a
variety of mobile applications including bill payment, mobile remote
deposit capture (RDC), person-to-person (P2P) payments, gift card
top-ups, merchant offers, and international remittance.
The bill payment and Mobile RDC functionality will be available in the
second quarter 2010, while the other applications will be introduced
later this year. Future releases will also include capabilities for Near
Field Communications (NFC) and mWallet.
ClairMail’s Intelligent Payments Solution leverages the company’s
strengths in alerting, personalization, connectivity, orchestration and
convergence to provide a mobile payments platform to financial
institutions (FIs) that is:
FI Friendly: Custom connectivity to support any payment method now and
in the future. This approach maximizes the FI’s control and monetization
over the payments process, and enables them to continue to be the
centerpiece for facilitating money movement for their customers;
Future Proof: Open platform that can work seamlessly with the FI’s
chosen payment method and makes it easy to migrate to other payment
alternatives in the future;
End-to-End: Orchestration of the entire payment workflow across the
participants, the bank and multiple payment methods. This includes
informing/billing of the originator, initiation of the payment, routing
and delivering of the funds and confirming the payment completion and
delivery of funds;
Personalized and Simplified: Simple user experience that allows
consumers a choice between cost and speed to settle a payment
transaction, supported by intelligent interaction with the underlying
payment system or systems.
“As financial institutions look to take advantage of the mobile channel
to better engage their customers, provide new services and maximize
revenue, ClairMail has established itself as a strong partner to build a
scalable platform for mobile payment capabilities above and beyond
generic mobile banking capabilities,” said Nick Holland, senior analyst
at Aite Group.
“There has been a lot of hype about the emergence of alternative payment
networks, but based on consumer research suggesting that the
overwhelming majority of people would prefer to use bank provided
services to enable payments, we are focused on helping financial
institutions leverage our mobile banking platform to deploy payment
capability for their customers,” said Pete Daffern, CEO of ClairMail.
“Our approach enables banks to drive adoption and maximize revenue
today, while scaling for growth to serve new product functionality and
extend across other business lines in the future. Our new alliance with
CashEdge is a great first step in executing our mobile payments strategy
to engage with strategic partners that provide complete end-to-end
solutions that integrate into our platform and deliver a seamless user
experience.”
ClairMail Signs Partnership with CashEdge
ClairMail also announced an agreement with CashEdge, Inc., the leading
provider of Intelligent Money Movement™ services, to provide financial
institutions (FIs) with connectivity to CashEdge’s Popmoney™ through the
ClairMail platform. As a result of the relationship, ClairMail customers
will have the ability to provide consumers with a secure, consistent
mobile banking and P2P payments experience.
Through integration with ClairMail’s platform, the two companies will
enable FIs to offer their customers the ability to send payments by
simply using the email address or mobile phone number of the recipient.
Each FI can custom brand the Popmoney™ mobile experience, which provides
consumers the security of using a service offered directly from their
bank. This integrated mobile P2P banking solution will also give
consumers greater control over all aspects of their personal finances,
enabling them to make payments to others at any time.
“With the increasing adoption of smarter mobile devices, consumers are
looking at the mobile channel to move money and take more control of
their finances through richer engagement with their financial
institution,” said Neil Platt, Senior Vice President and General
Manager, US Banking, CashEdge Inc. “By teaming with ClairMail, we are
able to broaden the scope of our reach and increase usage of Popmoney™
by integrating across its deep customer network.”
About ClairMail
ClairMail is the leading provider of mobile solutions for banking,
payment and card services. ClairMail provides a technology platform
designed to help financial institutions realize the strategic potential
of mobile banking, driving new levels of customer trust and loyalty,
facilitating cross-sell opportunities and enabling near term, measurable
cost savings. Financial institutions of all sizes now have an
opportunity to reach 100% of their customer base and proactively deliver
personalized content through multi-level alerting and triple-play
convergence capabilities via a central customer interface. ClairMail’s
platform also offers multi-channel enrollment options to maximize mobile
adoption and ROI, regardless of mobile device, carrier or back-end
financial system. Founded in 2004, ClairMail is headquartered in Novato,
Calif. For more information call (415) 884-7270 or visit www.clairmail.com.
About CashEdge
CashEdge is a leading provider of Intelligent Money Movement™ solutions
for financial institutions, including mobile and online person-to-person
(P2P) payments, account transfers, account opening and funding, small
business applications and financial account aggregation. The Company’s
clients include hundreds of leading financial institutions, including
seven of the ten largest banks in the country, for which they move more
than $50B every year. CashEdge’s newest offering, Popmoney™, is a
bank-enabled P2P service that is live at leading banks in the U.S.
CashEdge’s industry-leading products include Popmoney™ for
person-to-person payments; OpenNow®/FundNow® for new account opening and
funding; TransferNow® for Consumers, which includes Me-to-Me and Third
Party Transfers; and TransferNow® for Small Businesses, which includes
Invoicing, Me-to-Me Transfers, Employee Payments and Vendor Payments.
All CashEdge products are supported by industry-leading risk management
capabilities that leverage proprietary technology to help financial
institutions mitigate risk and decrease fraud exposure.
The Company is headquartered in New York with offices in Silicon Valley
and India. For more information, visit www.cashedge.com.