ClairMail Solution for Payments

Challenge: Financial Institutions Need New Revenue Sources

For financial institutions (FIs), the stress on revenue resources has recently intensified due to increased competition for deposits, higher costs to service customers and heightened government scrutiny on fee income, all of which threaten to reduce overall profits. As a result, FIs are facing mounting pressure to both protect their existing revenue streams and to uncover new sources of revenue.

One answer is to extend payments—a revenue source that is already very familiar to FIs— to the mobile channel. Mobile payments offer tremendous revenue potential for FIs. The number of mobile payment users will reach more than 190 million in 2012, representing more than three percent of total mobile users worldwide and attaining a level at which it will be considered "mainstream."

Solution: ClairMail's Intelligent Mobile Payments Solution

The ClairMail solution is a comprehensive suite of mobile banking and payments applications built on a flexible, enterprise-ready mobile platform that seamlessly integrates with any FI back-end system through its unique Mobile Connectivity Architecture (MCA).

ClairMail's intelligent mobile banking and payments solution is:

• Bank-Friendly: ClairMail's agnostic approach empowers FIs to maintain control by leveraging the payment infrastructure that the FI already has in place and with which it possesses years of experience in money movement.
• Future Proof: ClairMail removes the technology risk of hard-wiring to a new set of payment rails and fully integrates mobile payments with mobile banking.
• End-to-End: Through MCA, ClairMail orchestrates workflows and data exchange between all necessary FI back-end payment systems in order to complete the entire payment process.
• Personalized and Simplified: ClairMail makes the underlying technology invisible, removing all complexity from the customer's experience and enabling the simple execution of payment transactions.

Testimonial

"With the increasing adoption of smarter mobile devices, consumers are looking at the mobile channel to move money and take more control of their finances through richer engagement with their financial institution. By teaming with ClairMail, we are able to broaden the scope of our reach and increase usage of person-to-person (P2P) payments by integrating across its deep customer network." Neil Platt
Senior Vice President and General Manager, US Banking