|WALKING THE WALK Mobile wallet provider puts money where its employees are|
Recognizing increased demand for mobile payment solutions within its own walls, FIS deployed the FIS Mobile Wallet in the cafeterias of its Milwaukee campuses. More than 3,000 employees can now use the cloud-based mobile payment and coupon technology to make cafeteria purchases with iOS or Android-based mobile devices.
The deployment also provides a platform to demonstrate to visitors and others the real-world use of mobile wallets in general.
"We are demonstrating FIS' innovation and getting employees engaged in the latest developments we offer in the market. By showcasing this advanced mobile technology in our facilities, we are giving visiting clients and prospects an opportunity to experience the FIS Mobile Wallet firsthand," says Douglas Brown, senior vice president, FIS Mobile Financial Services
The largest of its U.S.-based campuses, FIS' Milwaukee campus is composed of five locations. The FIS Mobile Wallet provides FIS employees a way to pay for purchases with their smartphone, instead of with cash or cards. Employees with iOS or Android smartphones can download the FIS Mobile Wallet app, select their choice of payment as credit, debit, or FIS stored value card, and then use the solution to complete a purchase. FIS employees using this payment option will experience:
Better protection: The FIS Mobile Wallet stores end-user account information securely in the cloud, and the app can be deactivated remotely if the mobile device is lost or stolen.
Better payment experience: Integration with the FIS loyalty card allows employees to earn loyalty points, redeem offers and pay in a faster checkout process.
Better value: The FIS Mobile Wallet delivers real-time incentive offers and rewards targeted to Milwaukee-based employees.
Better budgeting: Employees can track and manage their spending with the FIS Mobile Wallet history and electronic receipt feature.
"Market-wide demand for mobile wallets has been growing quickly, but a lack of hardware infrastructure has slowed the growth of NFC-based products," says Dave Kaminsky research analyst, Mercator Advisory Group. "By developing a software-centric solution, FIS is enabling consumers, merchants, and financial institutions to participate in the mobile wallet experience without requiring the addition of expensive hardware."
Launched earlier this year, the FIS Mobile Wallet is a software-only offering enabling easy deployment for financial institutions, retailers and consumers. The cloud-based architecture is compatible with existing point-of-sale equipment and compatible with current iOS and Android mobile devices.
[This article was posted on December 4, 2012, on the website of ABA Banking Journal, www.ababj.com.]
| TechTopics Plus