New research from Mercator Advisory Group considers corporate mobile banking development: supporters and the functions sought.
Online Corporate Banking Functions Gradually Achieve Acceptance
The 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.
Boston, MA (PRWEB) December 30, 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.
Many 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 companies.
"The 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
Profiles of eight of the leading vendors and their strategies for supporting banks in offering mobile services to 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 payments.
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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 technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.