Michigan-based Mercantile Bank Corporation has selected the S1 Mobile, the mobile banking and payments product from S1 Enterprise, for its consumer and small business customers.
S1 Mobile is integrated with S1 Online Banking and provides financial institutions with flexibility to choose between either a managed hosting or an on-premise deployment option. S1 Mobile enables consumers and small businesses to easily access, via short message service or mobile application, their account information, transfer funds between accounts, view recent transactions, make payments, and approve transactions directly from a mobile handset. Also, S1 Mobile supports multifactor authentication and encryption to help ensure that customer accounts remain secure.
“For our financial institution, having a fully integrated mobile banking and payments solution that can serve both consumers and small businesses is critical to our vision of serving this emerging channel,” said John Schulte, senior vice president and CIO for Mercantile Bank. “The S1 Mobile solution makes it a simple process for our customers to enrol and for us to support them. In addition, S1 Enterprise’s robust entitlements engine enables us to tailor business-specific features and the user experience to various segments of mobile users. This will allow us to continue strengthening our business banking value proposition and provide us with a strong competitive advantage.”
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