By
Telecom Lead Team: M&T Bank announced the launch of new mobile banking for
business customers who can now bank securely and conveniently on their
smartphones.

With
these new capabilities, business customers can perform banking transactions any
time. They can pay bills, view account histories and transaction details, check
current balances and perform funds transfers. Customers can use the new
platform on their mobile phones in any or all of three ways – mobile text
banking, mobile web banking, and the free iPhone app.

M&T
also offers Bookmark Apps for Android and BlackBerry customers.

“This
new mobile banking service is another way that M&T Bank makes it easier for
our business customers to manage their finances successfully, freeing up time
to focus on growing their businesses,” said Janet Coletti, senior vice
president for Business Banking at M&T Bank.

The
new Mobile Banking for Business arrives as more small business customers are
choosing the convenience of mobile banking and online services.

In
2010, Forrester Research estimated that 49 percent of small business owners
were smartphone users, while only 17 percent of Americans reported owning a
smartphone.

M&T’s
two-year-old mobile banking service for consumers has seen rapid adoption from
customers. Mobile Banking now is available to all of M&T Bank’s business
customers who are enrolled in Web Banking for Business.

M&T
Bank Corporation has about $78 billion in assets and more than 776 branches in
New York, Pennsylvania, Maryland, Delaware, Virginia, West Virginia and
Washington D.C.

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