Umpqua Bank Picks Fiserv’s Mobile Money

Umpqua Bank of Roseburg, Ore., has chosen Fiserv’s Mobile Money to enable customers to manage their finances from their mobile device.

Mobile Money is tightly integrated into the Fiserv online banking and bill pay services already used by Umpqua, which will allow the bank to extend these applications to the mobile channel. Functionalities available to customers will include: balance inquiries, transaction history, account transfers, bill payments, a variety of account alerts and an ATM and branch locater. Fiserv says Mobile Money is a secure application that utilizes security best practices such as data encryption, along with additional risk management safeguards.

Mobile Money features “triple-play” technology that will allow Umpqua customers to access accounts using SMS (text messaging), a mobile browser or an application downloaded to a BlackBerry smartphone or Apple iPhone.