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Apr 2015 - IDC MarketScape - Doc # FI255723

IDC MarketScape: North American Mobile Banking Payments Software 2015 Vendor Assessment

Authors: Marc DeCastro, James Wester
Abstract

This IDC Financial Insights report provides an IDC MarketScape assessment of North American mobile banking payment solutions and compares the major vendors based upon standard criteria as well as interviews with reference customers. This IDC MarketScape includes the five major providers in North America and is intended to help financial institutions in their purchasing decision as they look to offer more payment-related services through their mobile channel.

"The mobile channel is quickly becoming the preferred channel for customer interaction with financial institutions. As a part of that shift in customer attitudes comes a greater need for banks and credit unions to provide payment services such as bill payment and peer-to-peer payments through their mobile banking channel," said James Wester, research director, Global Payments, at IDC Financial Insights. "The issue for FIs when evaluating their options is understanding how to evaluate the vendors of these payment solutions and finding those providers that are actually delivering those services."

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