MobilBanking by MobilCash enables banks to provide their customers with a comprehensive
suite of mobile banking services, including:
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Account Management:
Check bank account or credit card balance, see available credit, review transaction history or securely
transfer funds between accounts.
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Actionable Alerts:
Receive and respond to alerts for low balances or questionable account activities.
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Bill Payment:
Review payments due and authorize payments directly from bank accounts or credit cards.
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Mobile Payments:
Browse through the list of affiliated merchants, review their product offer and make remote purchases
paying with the selected bank account or credit card.
MobilBanking affords banks' customers to stay on top of their banking needs while they're on the move.
MobilBanking is an application that lives on the mobile phone, so access to the financial accounts is always just a few
clicks away: It's very safe, easy, flexible and convenient.
1. Installation:
Banks have a choice of integration strategy. MobilBanking can connect directly to their Core System, or connect to
Online Banking. MobilBanking will also connect to third party service providers such as mobile alerts, bill payment
or location services.
2. Enrollment:
Bank customers access their financial institution's web site and enroll in MobilBanking.
3. Download:
Customers download the application into their cellular phone by:
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Accepting a text message with wap-push or
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Directing the browser of their cellular phone to an address provided
If the phone is not Java capable or does not have a data connection, he will receive an additional SMS message with
command instructions.
4. Setup:
Customers setup the application into their device by confirming the phone number, username and password. This one-time
process will create a unique encryption key that will stay in the phone, verifying the customer's identity and
encrypting all future transactions.
5. Banking Transactions:
Banking Transactions: Mobile banking and bill payment transactions can be chosen from the list of options displayed
on the MobilBanking application. Certain transactions will involve choosing a payment method: bank account or
credit/debit card and all transactions are always validated with the customer's personal 8-digit PIN.
6. Purchases:
Customers can also initiate remote purchases and payments by selecting from the list of merchants and products/offers
displayed on the application.
MobilBanking by MobilCash features a managed security experience that upholds the
most advanced industry security standards, translating into peace of mind for financial institutions and confidence
for customers:
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End-to-end Data Encryption:
A combination of encryption keys is used to secure each session of communication between the mobile device and
the MobilBanking server.
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Secure Registration of Mobile Phones:
Before the application can be utilized, an automatic setup process is launched, allowing a set of encryption keys
and the customer's telephone number to be stored in the phone memory. This encrypted data is used in every transaction.
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PIN Authorization and Lockout:
MobilBanking requires an 8-digit PIN created by each customer at registration to authorize each transaction. The
account automatically gets blocked if the PIN is wrongly entered three times.
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Multi-factor Authentication:
MobilBanking is presented as a client based application that links each unique customer to a mobile device, a phone
number, a PIN and a username and password, providing the highest level of privacy and ensuring compliance.
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Remote Deactivation:
In the event of theft or loss, the MobilBanking account can be remotely deactivated.
Extend Customer Service:
Offering a very secure, fast and inexpensive alternative channel to on-line banking or the traditional call center
and branch offices with a fully managed service platform.
Reduce Operating Expenses:
By reducing call volumes and migrating transactions from higher cost channels.
Generate Revenue:
Intermediating in bill payment, mobile purchases and marketing/advertising offers with a fully branded mobile
consumer application.
Gain Competitive Edge:
Attract new customers, enhance customer retention and improve customer satisfaction by adding a differentiating
service offering.
High Customer Reach:
By offering a combination of JAVA, SMS and WAP technologies to adapt to the customer's preference in every market.
Positioning as an open standard, working on any mobile phone of any carrier. Mobile operators do not need to
approve or certify the application, because it is customer driven.
Quick and Easy Deployment:
MobilBanking infrastructure resides on the bank and seamlessly and securely integrates with its back-end
systems through standard interfaces keeping low upfront costs.
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