CINCINNATI April 25, 2012 the United States Salem, Missouri the United States
This new service provides extraordinary convenience to financial institutions and their cardholders with an easy and fast way to make deposits anytime, anywhere. The product is offered to financial institutions using a cost effective pay-as-you-go model and has been designed with flexible controls for safe and secure transactions.
With mobile device use skyrocketing, and consumers eager to transact as much business as they can using smartphones, the use of mobile check deposit applications is rapidly growing among financial institutions. A mid-2011 report by Javelin Strategy & Research* showed that one out of every four consumers, and half of mobile bank service users, would like to see their financial institutions offer mobile check deposit.
Users of Vantiv’s Mobile Check Deposit will also benefit from leveraging the extensive Jeanie® network, which means there is no core integration required and the setup is quick and easy for both the financial institutions and their customers. Additionally, all Jeanie cardholders are automatically eligible to apply for enrollment.
* Mobile Banking, Smartphone and Tablet Forecast 2011‐2016: Mobile Banking Moves Mainstream to Mid‐sized, Community Banks and Credit Unions
Eastern Missouri Salem, Missouri Salem Rolla Ava Licking St. James Mountain Grove Bourbon Pevely $520 million www.tcbanks.com
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Lynn M. Rhoads
SOURCE Vantiv, Inc.