M-com makes a splash in the United States

Mobile banking is still seen as an emerging technology in the United States, which means there are still plenty of opportunities for vendors to make a splash. M-com of New Zealand seems to be doing just that. It has set up a presence in Atlanta and landed its first big U.S. client, Washington Mutual. WaMu of course has stumbled on hard times and was bought up by Bank of America, which has been among the most ardent supporters of consumer mobile banking. While the fate of that deal may be iffy, M-com made an even bigger splash when it announced a deal to partner with Fiserv to build out the planned Fiserv Mobile Money platform, as reported by Bank Technology News. Other institutions have inked similar deals. mFoundry for example has partnered with Fidelity National Information Services while Qualcomm Firethorn Technologies has partnered with Fifth Third Processing Solutions. A little twist: Fiserv also has a deal with Qualcomm Firethorn Technologies, but it looks like the two deals will support technologies aimed at different segments.

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Mobile banking news from FierceFinance