New Mobile Money FastTrack from Fiserv Speeds Delivery of Mobile Banking Services

* Reuters is not responsible for the content in this press release.

Mon Jun 1, 2009 9:00am EDT

Affordable solution enables financial institutions to rapidly meet today`s
mobile banking requirements while providing a platform for future innovation 
BROOKFIELD, Wis.--(Business Wire)--
Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services
technology solutions, today introduced Mobile Money FastTrack, a straightforward
mobile banking solution that can be rapidly deployed by financial institutions.
Mobile Money FastTrack, a streamlined version of the flagship Mobile MoneySM
solution introduced by Fiserv in 2008, delivers essential mobile banking
features within an affordably packaged solution that can be enhanced as the
mobile channel matures. 

Mobile Money FastTrack can provide "triple play" technology that enables
consumers to access their accounts using any of the three primary mobile access
modes: mobile browser, SMS (text messaging) or a downloaded application. The
solution combines banking and payments capabilities, and includes functions such
as balance inquiries, transaction history, account transfers, bill payments and
one and two-way account alerts. Informational services such as an ATM and branch
locator are also included. 

Available in an in-house or hosted version, Mobile Money FastTrack is a licensed
solution targeted toward mid- to large-sized financial institutions. The
solution is pre-integrated into select Fiserv banking products, and mobile
browser and SMS-based mobile banking functionalities can be implemented within
90 days for many financial institutions. Mobile Money FastTrack features
around-the-clock deployment support and utilizes security best practices such as
data encryption, along with additional risk management safeguards. 

"The business value enabled by mobile financial services will evolve as
consumers adopt financial products and services that can be delivered through
their mobile devices," said Stessa Cohen, research director, Gartner, Inc. and
co-author of the April 2009 report "Evaluating Vendors' Ability to Support a
Mobile Financial Services Strategy." "Banks should evaluate mobile financial
services technology based on their capability to support not only current
functionality, but also enterprise mobile financial services functionality and
future technology requirements. Creating an enterprise mobile financial services
strategy that serves both short-term and long-term business goals will enable
the bank to keep pace with functional development as well as volatile market
dynamics." 

Rather than simply duplicate online banking capabilities, Mobile Money FastTrack
is designed to address the specific needs of mobile banking users via features
such as two-way account alerts. Additionally, the exclusive RenderRight
technology utilized by Mobile Money FastTrack automatically customizes the user
interface for the consumer`s mobile device, enabling the financial institution
to reach any consumer, on any network, on any device. The available downloaded
application technology also supports mobile banking on high profile devices such
as BlackBerry® smartphones and the Apple® iPhone. 

Mobile Money FastTrack offers both online and offline enrollment capabilities.
These multi-channel enrollment capabilities attract more customers to the mobile
channel. Once enrolled in mobile banking, customers have been shown to turn to
the mobile channel for inquiries more often than higher cost contact centers and
branch operations. 

"In the current economic environment, financial institutions are being strategic
about their investments. For those institutions looking to implement a mobile
banking solution, Mobile Money FastTrack from Fiserv provides an affordable
solution that can be up and running quickly, without consuming a lot of internal
resources," said Todd Lesher, president, Electronic Banking Services, Fiserv.
"Financial institutions that implement Mobile Money FastTrack can begin
realizing a return on investment from day one as consumers are diverted from
more costly channels. In addition, institutions can have peace of mind knowing
they are positioned to capitalize on future growth in mobile banking." 

Mobile Money FastTrack from Fiserv incorporates technology from Atlanta-based
M-Com Inc. M-Com and Fiserv announced their technology partnership in September
2008 under the label Mobile Money from Fiserv. Mobile Money is the industry's
most complete mobile banking and payments solution, supporting consumers on all
three mobile access modes, offering online and offline enrollment capabilities
and integrating with core banking, online banking and electronic payments
systems. By leveraging the combination of M-Com's BankAnywhere solution and
Fiserv's technology assets such as online banking, electronic billing and
payment, and fraud management tools, Fiserv delivers to financial institutions a
complete end-to-end suite of multi-channel financial services. 

About M-Com

Founded in New Zealand in 2000 and headquartered in Atlanta, GA, M-Com is an
international mobile banking and payments solution provider with live Fortune
500 banking customers across Asia Pacific and North America. M-Com's core
proposition is centered on delivering a positive return on investment through
world class adoption metrics for the mobile channel while providing the lowest
total cost of ownership. For more information, visit www.mcom.co.nz. 

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information
management and electronic commerce systems for the financial services industry,
driving innovation that transforms experiences for financial institutions and
their customers. Ranked No. 1 on the FinTech 100 survey of top technology
partners to the financial services industry, Fiserv celebrates its 25th year in
2009. For more information, visit www.fiserv.com. 

FISV-G





Media Relations:
Ann Cave
Senior Public Relations Manager
Electronic Banking Services
Fiserv, Inc.
678-375-4039
ann.cave@fiserv.com
or
Additional Media Contact:
Lori Stafford-Thomas
Assistant Vice President
Corporate Communications
Fiserv, Inc.
262-879-5130
lori.stafford@fiserv.com

Copyright Business Wire 2009

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