Telecom Lead America: mFoundry, a provider of mobile
banking and payments solutions, announced that Conestoga Bank deployed its
mBanking mobile banking solution.
The company claims that mFoundry’s mobile banking
solution is used by nearly 10 million users across more than 650 financial
institutions nationwide, including one-third of the top 50 banks in the U.S.
Conestoga Bank is offering mobile banking services that
include three platforms – a smartphone app, a mobile Web service and an
SMS/text banking service.
“Our mobile banking service is all about
convenience. Making banking more convenient and available on all the platforms
our customers are using makes sense as the mobile channel continues to evolve.
We’re pleased to be able to offer technology such as this to serve our
customers better,” said Lori Adamski, EVP, COO, Conestoga Bank.
“It’s common for us to see greater than 20 percent
adoption of an FI’s online banking customer base within six months of launch.
While these numbers vary from one institution to the next, our team works
closely with FIs like Conestoga to ensure they’re leveraging the full extent of
our adoption best practices to reach their unique adoption goals,” said
Drew Sievers, co-founder and CEO, mFoundry.
Conestoga Bank has rolled out mobile deposit features,
enabling smartphone users to take a picture of a check and deposit it into
their accounts. Leveraging mFoundry’s SaaS-based, cloud-based mobile banking
platform, it’s easier for banks to activate new features and services as they
choose to offer them.
“Since rolling out mobile banking, we’ve seen demand
continue to strengthen as our users look to interact with us through the
convenience of their preferred mobile devices. We expect adoption of mobile
banking to grow even faster as more of our customers discover the convenience
of the mobile channel,” Adamski added.