New research from Mercator Advisory Group considers corporate mobile banking development: supporters and the functions sought
Boston, MA - December 20, 2012 - Mobile banking among consumers is a "done deal" with wide acceptance. However, Mercator Advisory Group's new report, Mobile Banking for U.S. Corporate Customers: Catching On Slowly, finds both banks and commercial enterprises a bit cautious about unleashing mobile banking for corporate transactions.
corporate treasury personnel already have mobile devices (of myriad
different kinds) and desire to mobilize their work lives as they have
their personal lives. This research reviews some of the challenges
facing corporations in choosing to authorize mobile transactions, as
well as the challenges facing banks in attempting to serve these
diversity of mobile personal devices introduces a new level of
complexity for IT managers hoping to control and secure a
bring-your-own-device (BYOD) environment. The very small business will
have only one user, and thus can make do with a retail banking
application. However, larger firms increasingly desire the ability to
support finance and treasury employees with mobile devices, and to
manage authorizations, access rights, and transaction privileges across
multiple bank accounts. That requires a different solution," comments Patricia
McGinnis, director of the Commercial and Enterprise Payments Service at
Mercator Advisory Group and the author of the report.
Highlights of the report include:
A description of the challenges of a bring-your-own-device (BYOD)
mobile strategy, as it affects both the corporate customer and the bank
- A catalog of the treasury functions most often supported by vendors and offered by banks
Identification and assessment of the three functional areas that
differentiate the needs of middle market and larger customers from those
of small business customers
- An overview of the major delivery mechanisms for mobile banking in corporations today
of eight of the leading vendors and their strategies for supporting
banks in offering mobile services to corporate customers
One of the seven exhibits included in this report:
The report is 28 pages long and contains seven exhibits.
Companies mentioned in this report include: ACI Worldwide, Backbase, Bottomline Technologies, FIS, Fiserv, Fundtech, Kony Solutions, SAP (Sybase), mFoundry, and mShift.
Members of Mercator Advisory Group's Commercial and Enterprise Advisory Service have
access to this report as well as the upcoming research for the year
ahead, presentations, analyst access and other membership benefits
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About Mercator Advisory Group
Mercator Advisory Group
is the leading, independent research and advisory services firm
exclusively focused on the payments and banking industries. We deliver
pragmatic and timely research and advice designed to help our clients
uncover the most lucrative opportunities to maximize revenue growth and
contain costs. Our clients range from the world's largest payment
issuers, acquirers, processors, merchants and associations to leading
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