Fiserv Announces Partnership With Mobile Banking Provider, M-Com

Fiserv has entered into a partnership with mobile banking provider, M-Com to launch a "triple-play" platform for mobile banking and payments. Named Fiserv Mobile Money, this new offering will span wireless browser, messaging, and downloadable applications across core banking, Internet banking and bill payment infrastructures. Virginia Garcia, a senior research director in the Emerging Technologies practice of TowerGroup, notes in a press release that this is a "headline event" in the US mobile banking and payments market, and makes initial observations about what the Fiserv/M-Com alliance will mean for the companies and the overall mobile banking and payments space. She says that Fiserv Mobile Money fires a competitive shot over the bow of other core banking and mobile banking/payments players, given that this new offering is now the core banking market's only single-platform triple-play solution that combines banking and payments functionality. Despite the deal's many benefits, Fiserv and M-Com will be challenged to match their sophisticated technology capabilities and pricing to the still nascent needs of the Fiserv customer base, in particular in providing an ASP-based solution, she says in the release. Garcia has issued a full TowerGroup ViewPoint on this topic, titled "The Lion Roars: Fiserv Mobile Money's Native Triple-Play for Integrated Mobile Finance."