April 6, 2010
News Release
Source: FISTM
One of the world’s largest providers of banking and payments technology, today announced that StonehamBank has launched mobile banking and payment services using its Mobile Financial Services.
StonehamBank is a full-service community bank, headquartered in Stoneham, Mass. It is one of the first in its market to provide a spectrum of mobile banking and payment services that are available to virtually all of its customers.
“We’re focused on providing our customers with the latest means to access and receive information about their accounts, whenever and wherever they need it,” said Patricia Lauzon, vice president of retail operations, StonehamBank. “One customer might need to pay a bill they’ve remembered at the last minute. Another might enjoy the security of receiving alerts about transactions made on their accounts. The mobile services we have implemented from FIS provide us with the flexibility to meet the needs of a wide variety of customers by offering around-the-clock access and convenient functionality.”
Mobile customers can use a variety of different hand-held devices, from simple flip phones to PDAs, to access all of StonehamBank’s mobile capabilities either by downloading the bank’s mobile application onto their phone or accessing the application through their phone’s Web browser. These users can check account balances, view mini-statements for recent activity, transfer money between accounts, pay bills and make last-minute payments. Customers can also take advantage of using text messaging to check their balances or receive alerts, even if their phones do not have Web browser access.
“FIS is fully committed to helping financial institutions provide mobile customers with convenient and immediate access to financial information via their cell phones,” said Kay Nichols, executive vice president, FIS Channel Solutions. “The integrated nature of FIS Mobile Financial Services helps make it easier for institutions such as StonehamBank to stand out in their local marketplace. With this flexible mobile solution, FIS enables clients to move out in front of their competitors quickly to offer the on-demand convenience of mobile services without significant up-front resource commitments.”
FIS is a pioneer in delivering integrated mobile banking and payment solutions that provide end-customers with the convenience of immediate access to their banking information. Services from FIS’ Mobile Financial Services include:
- Downloadable mobile and iPhone applications
- Text messaging and alert services
- Web browser-based service
StonehamBank leverages a full suite of banking and payments solutions through FIS’ Integrated Banking Services (IBS), a comprehensive outsourced core processing platform. The relationship includes ATM support, card processing, customer relationship management, electronic banking, electronic payments, imaging services, loan origination, risk and compliance, wealth management, and participation in the NYCE Network.
About StonehamBank
At StonehamBank we believe in making a difference in our community. In addition to providing progressive products and convenience services, the pulse of our organization is our Community Involvement Program and Charitable Foundation. Good corporate citizenship is important in helping to sustain and strengthen the vitality of the communities we serve. We are proud to share this corporate value within our organization and it shows; over the last few years our employees have volunteered over 3500 hours of community service to those in need.
Established in 1887, StonehamBank is a state-chartered, mutually held community bank with a long and established tradition as a leading provider of residential mortgage programs, innovative construction/commercial programs and retail banking products and services. Over the years StonehamBank has consistently remained one of the top providers of home financing in the commonwealth.
StonehamBank products are fully insured and covered by The Federal Deposit Insurance Corporation (FDIC) and the Share Insurance Fund (SIF). For more information, visit www.stonehambank.com
About FIS
FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE® Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor’s (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. For more information about FIS see www.fisglobal.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.
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