M-Com Positioned as a Leader in Magic Quadrant for Mobile Banking
M-Com Recognized in Analyst Report
15 October 2009, Atlanta, Georgia
International mobile banking solution provider, M-Com, announced today that it has been positioned by Gartner Inc. in the 'Leaders' quadrant of the Magic Quadrant for North American Mobile Retail Banking report.
"In my opinion, our positioning in this report mirrors what our customers and partners have been saying since we first launched mobile payment services in 2002," comments M-Com CEO and Founder, Adam Clark. "I believe it is a testament to the dedication of our valued team and the commitment our customers and partners have had over the last decade in helping us build a better product for financial institutions".
M-Com and other solution providers were assessed on both Completeness of Vision and Ability to Execute. Under the Completeness of Vision parameters, criteria included market understanding, product strategy and innovation. For Ability to Execute, organizational elements such as track record, market responsiveness and overall viability were deemed to be important.
"We are delighted that M-Com was positioned in the Leaders' Quadrant in Gartner's recent report," adds Clark.
The M-Com BankAnywhere mobile banking platform is available to financial institutions in the U.S. via a partnership with Fiserv (NASDAQ:FISV), the leading global provider of financial services technology solutions. Mobile MoneyTM from Fiserv leverages the M-Com BankAnywhere platform to provide financial institutions with a complete mobile banking and payments solution that supports consumers on all three mobile access modes, offers online and offline enrollment capabilities and integrates with core banking, online banking and electronic payments systems.
"M-Com has deep experience in mobile financial services and a proven ability to anticipate evolution in the marketplace," said Todd Lesher, division president, Electronic Banking Services, Fiserv. "Our partnership with M-Com allows us to deliver the premier mobile banking technology available today quickly, enabling financial institutions to respond to the needs of their customers with the latest in-demand functionalities."
In May, M-Com was selected by Bank Technology News to its list of "Top 10 Technology Companies to Watch in 2009".
Citation: Magic Quadrant for North American Mobile Retail Banking, Stessa Cohen, 30 September 2009.
Disclaimer: The Gartner Magic Quadrant is copyrighted 2009 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About M-Com
Headquartered in Atlanta, GA, M-Com is an international mobile banking and payments solution provider with live Fortune 500 banking customers across Asia Pacific, the Middle East and North America. M-Com's core proposition is centered on helping financial institutions and payment processors deliver world class adoption and revenue metrics from the mobile channel.
M-Com and Fiserv, the leading global provider of financial services technology solutions, announced their technology partnership in September 2008. Mobile Money from Fiserv leverages the M-Com BankAnywhere platform to provide financial institutions with a complete mobile banking and payments solution that supports consumers on all three mobile access modes, offers online and offline enrollment capabilities and integrates with core banking, online banking and electronic payments systems.
Contact: Serge van Dam, Head of Marketing, +1 678 369 0602, serge.vandam@mcom.co.nz, www.m-com.us.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry, Fiserv celebrates its 25th year in 2009. For more information, visit www.fiserv.com.