M-Com wins big US contract

M-Com delivers mobile banking platform to electronic payment giant

Auckland-based M-Com, a provider of mobile banking and payment systems, has won a US deal with Fiserv, one of the world’s largest providers of electronic banking and payment systems and services.

M-Com's mobile banking platform BankAnywhere powers Fiserv's Mobile MoneySM mobile banking and payments service, which supports consumers on SMS, wireless application protocol (WAP) and downloaded mobile applications. It also offers online and offline enrolment capabilities and integrates with core banking, online banking and electronic payments systems, according to the company. "Not many Australasian technology companies have ever landed an international deal of this scale," says M-Com's head of marketing, Serge van Dam.

The Fiserv deal follows M-Com’s deployment of BankAnywhere in the US with Washington Mutual — a retail bank with over 15 million customers, says van Dam.

Local customers include ANZ, GE Money, National Bank and Westpac.

The company has been working with New Zealand Trade and Enterprise to leverage New Zealand’s electronic payment leadership through an export-led alliance, called New Zealand Payments, which it has led for the past year, he says. M-Com graduated from Auckland's business incubator The ICEHOUSE a few years ago.

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