Products and Services:
Mobile Money for Banks is an offering which enables banks to deploy their own branded mobile money service. Designed to make the bank's accounts the anchor for mobile money transactions, the service combines complete brand control with a full range of mobile transactions and applications. Mobile Money for Banks is built upon Obopay's learnings about how consumers want to be offered mobile money services and how they will adopt them. Your customers will have access to our extensible range of mobile money transactions, including:
With Get Paid by Obopay, banks can rapidly bring to market a service that can increase their revenue and reduce their costs Mobile money affords banks an opportunity turn a cost center into a revenue opportunity by helping banks replace check and cash transactions, which still account for the majority of payments in the US, and have high processing costs for the bank.
Obopay offers a full range of brandable mobile and web applications that banks can offer to their customers including iPhones, Blackberries, Mobile Internet, and SMS as well as, full website capabilities.
Mobile money affords banks an opportunity for extended customer engagement and capturing new customers and new market segments and in demographics that are very attractive.
Transfer Money by Obopay supports transfers with a debit card through the electronic funds transfer networks or using ACH. The service enables instant interbank transfers and new bank account funding at no risk to your institution. This is the ultimate risk free money movement product for your customers. It is different than other transfer products on the market because it is instant! Also, it does not require a user to enter their online banking user name and password, providing less risk for your institution and a better experience for your customers.
Get Paid by Obopay
Enables banks to offer the ability for anyone to receive a payment immediately into their own account at your bank. A seller of goods and service, or even an individual, can now accept debit and credit card or ACH payments from anyone. The bank's customers get instant access to card payment acceptance with no merchant account required, no application process, and no monthly fee. Your bank can also now offer its customers immediate availability of the money that is paid to them. Obopay provides the risk management, card processing and underwriting required to make this service possible. The offering includes apps for payment acceptance on mobile phones, websites and email. Obopay offers a suite of tools that people can use to get paid including payment buttons, payment links for emails or email invoices, and social networking widgets for Facebook, MySpace and other social networking sites . New tools including 'Text to Donate' and 'Text to Get Paid' are also coming soon.With Get Paid by Obopay, banks can rapidly bring to market a service that can increase their revenue and reduce their costs Mobile money affords banks an opportunity turn a cost center into a revenue opportunity by helping banks replace check and cash transactions, which still account for the majority of payments in the US, and have high processing costs for the bank.
Mobile P2P by Obopay
Enables a bank to offer its customers with the ability to link their bank or card account to their mobile phone in order to easily send and receive money using their mobile phones. Obopay takes care of validation and regulatory compliance. Customers can send money directly from their own bank account using a debit or credit card or through ACH. Senders can send money to anyone and recipients don't have to be signed up for the service to receive money that is sent to them. The recipient can direct the funds that they receive right into their own bank account using their debit card number or bank account and routing number. They can also optionally direct the funds to a prepaid card, if they choose to, in order to get instant access to the funds for online and over-the-phone shopping.Obopay offers a full range of brandable mobile and web applications that banks can offer to their customers including iPhones, Blackberries, Mobile Internet, and SMS as well as, full website capabilities.
Family Money by Obopay
Enables a bank to offer parents the ability to instantly send money to family members whether they are away from home-across the country- or just down the street at the mall.-The family member receiving the money can direct it to their own bank account, if they have one, whether that account is inside or outside the bank that is offering the service. Banks can also offer the ability for the parent to provide their family member with a personalized prepaid card with the family member's own name on it, which is ideal for teens or dependant adults. Parents can "top-up" funds instantly from their accounts or on a regularly scheduled basis. It is a great way to send regularly schedule allowances, or funds in an emergency. The prepaid debit card allows parents to provide their family member with instant access to funds and to track how the receiver of funds is spending the money that they were sent. If a family member uses their own bank account, they can also get instant access to funds through an existing connection to a debit network, which enables immediate transfers.Mobile money affords banks an opportunity for extended customer engagement and capturing new customers and new market segments and in demographics that are very attractive.
Transfer Money by Obopay
Enables a bank to offer its customers with an account-to-account transfer capability. Customers can exchange funds between their account at your bank and accounts outside of your bank. This is accomplished by the customer by simply linking the accounts that they want to transfer money between. They can do this simply by entering that account's debit card number or its bank account and routing number. The account that they link can belong to them or to someone else.Transfer Money by Obopay supports transfers with a debit card through the electronic funds transfer networks or using ACH. The service enables instant interbank transfers and new bank account funding at no risk to your institution. This is the ultimate risk free money movement product for your customers. It is different than other transfer products on the market because it is instant! Also, it does not require a user to enter their online banking user name and password, providing less risk for your institution and a better experience for your customers.
Mobile Money
Success Factors:
Provide tools for sellers of goods and services, and even individuals, facilitate payment card acceptance with checkout from unregistered payers
Send money to any U.S. phone number, Obopay facilitates the settlement with the 'viral' recipient
From mobile account, prepaid card, or debit card; with our bank program integration, instant send from DDA or debit card
To mobile account, prepaid card, or credit to debit card; with our bank program, integrated payment credit through debit switch or DDA
Success Factors:
Provide tools for sellers of goods and services, and even individuals, facilitate payment card acceptance with checkout from unregistered payers
Send money to any U.S. phone number, Obopay facilitates the settlement with the 'viral' recipient
- Recipients can pick-up money without having an Obopay account through one-time pick-up.
- One time pick-up can be by next day ACH (recipient enters RTN/Acct #) or debit card payment credit if recipient has supported card.
- Viral recipients can be offered accounts at the bank and marketing offers
From mobile account, prepaid card, or debit card; with our bank program integration, instant send from DDA or debit card
To mobile account, prepaid card, or credit to debit card; with our bank program, integrated payment credit through debit switch or DDA
- A number of DDA integration scenarios can facilitate instant payment credit
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