Sybase 365 to Deliver Mobile Banking Services to Compass Bank
Company Selected Based on Performance and Versatility of mBanking Solutions
LAS VEGAS, NEVADA — NACHA Payments 2008 — MAY 2008 — Sybase 365, a subsidiary of Sybase, Inc. (NYSE: SY), the global leader in mobile messaging services, today announced that it has been selected by Compass Bank to provide mobile banking services.
“Sybase 365’s mobile banking platform enables our customers to access their bank accounts at anytime, from anywhere, using their mobile device, and provides direct, real-time communication between customer and bank in a cost-effective manner,” said Charles Bretz, executive vice president of Alternative Delivery, Compass Bank. “We’ve been very happy with our online banking solution, provided by Sybase Financial Fusion over the last 4 years, and we look forward to the same superior performance and leading edge technology with Sybase mBanking 365.”
Sybase® mBanking 365™ is an innovative suite of products that enables financial institutions to interact with customers in real-time through mobile alerts, two-way banking and payments services utilizing SMS, WAP and client- based protocols, security enhancement applications such as two-factor authentication (2FA), as well as online tools for marketing campaigns.
Sybase mBanking 365 is the only solution in the market to support natural language technology utilizing the Answers 365™ service, enabling customers to interact and access services intuitively via SMS, without the need to memorize set keywords.
“The mobile phone has become the primary organizational tool in many people’s personal and professional lives, and mobile banking extends its capabilities by allowing access to bank balances, account transfers and payments,” said Matthew Talbot, vice president, mCommerce for Sybase 365. “Through a single connection to Sybase 365, financial institutions can reach 100 percent of their mobile customers"
A recent survey*, conducted with some of the world’s largest financial institutions, revealed that enthusiasm for mobile banking services is very strong. Sixty-six percent of respondents believe that mobile banking provides an excellent opportunity to enhance existing customer services. In terms of growth, over half of the banks interviewed will offer mobile services in the next 12-24 months.
Sybase is a trusted partner for some of the world’s biggest banks, providing integrated services to more than 200 of the world’s leading financial institutions. Sybase mBanking 365 combined with the Sybase 365 operator-grade network reaches more than 700 mobile operators around the world and 2.4 billion mobile subscribers.
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