ClairMail – Secure, Efficient, 2-way Mobile Banking & Payments [NACHA Payments]

by Erin McCune on May 25, 2008

in B2B, Banking, Conferences & Meetings, Lockbox, Mobile Banking & Payments, Payments News, Technology

[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]

ClairMail – Secure, Efficient, 2-way Mobile Banking & Payments [NACHA Payments]

Clairmail_logo_2

ClairMail
enables two-way customer interaction via mobile phones, regardless of
the type of phone and the wireless network, using the phones existing
software and standard features, including email and SMS messaging,
mobile web and native client applications. No new mobile phone software
is required.

The big news from ClairMail at the NACHA Payments
is that it is partnering with WAUSAU to extend the WAUSAU remittance
platform to the mobile channel. ClairMail Mobile Lockbox
technology enables an alet message sent to the payer's mobile phone with
details such as payee name, dollar amount, and due date. The payer
replies to message to instantly pay the bill from their mobile phone.
If the biller is fortunate (and the consumer not particularly adept at
cash management) the payee may respond immediately to the alert, rather
than paying on the due date.

Regardless of the desire or need
for consumers to pay their bills from their mobile phone, I do think
that mobile alerts for corporate payments make a lot of sense. Because
the payment amounts are larger and the stakes of missing a payment are
often higher, corporate payments are particularly suited for mobile
transactions – they have the added benefit of being discrete, enabling
corporate finance managers to quickly and quietly respond to urgent
payment matters from meetings, on the road, and off hours.
In
particular, positive pay confirmations, wire payment confirmations,
and lockbox exception handling are well suited to the ClairMail
solution.

One particularly cool feature overcomes the
awkwardness of entering a URL and username + password combination into a
mobile browser. Using the ClairMail solution the customer can send a
text message "go" to their financial institution and receive in reply a
dynamic link. Upon loading the dynamic URL the mobile user enters an
encrypted session and only has to enter a PIN rather than their
username/pw pair.

>> Return to index of my posts from NACHA Payments 2008

Payments2008

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