Mobility

Mobile Payments: Driving New Revenue From the Mobile Channel

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Executive Summary

Faced with reduced profits as a result of growing competition for deposits, rising costs to service customers and increasing government scrutiny on fee income, financial institutions need to create new revenue streams. Payments represent a significant percentage of total bank revenues, and extending payments to the mobile channel holds enormous potential to produce new revenue for financial institutions. This white paper describes ClairMail's unique approach to mobile payments and provides details of its complete, market-leading mobile payments offering.

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