Mobile Banking Purchase Rewards Program
Offered through Intuit
A MOBILE PURCHASE REWARDS FEATURE FOR
MOBILE DEVICES HAS BEEN INTRODUCED by
Intuit Financial Services, Mountain View, Calif.
Armed with the new mobile banking feature offered by
their bank, consumers can receive and activate customized
merchant-funded discounts or rewards that are based on
their personal buying habits. Customers then swipe their
bank-provided ATM/debit card to redeem and save money.
No coupons. No fuss. The savings are then automatically
deposited back in the customer’s checking account at the
end of each month. Additional benefits include:
m;Rewards for frequently using debit cards; the more often
customers use their card, the more rewards they’ll receive.
m;Earn unlimited cash back through Purchase Rewards.
m;Complete end-to-end security so no personally
identifiable information is shared with outside parties.
“Our customers are able to see how they can save
money at local and major retailers while on the go,” says
Brad Hettinger, vice president of Busey Bank. “Mobile
Purchase Rewards helps our customers save money and
helps us build a more meaningful relationship with
A February 2012 Intuit study of more 425,000
online bankers shows that consumers who use Purchase
Rewards make, on average, 11 more purchases per month,
generating as much as $60 per year in interchange fees
to the bank. These customers also access their financial
information 60 percent more frequently than users of
online banking alone, providing financial institutions
with additional opportunities to cross-sell products and
Intuit Financial Services offers online and mobile
banking solutions. Website: www.intuit.com.
iPad Application Added to Mobile Banking Solutions
From Jack Henry Banking
A NEW PRODUCT CALLED iBizManager has been
added to the suite of Internet and mobile banking
solutions offered by the Jack Henry Banking division of
Jack Henry & Associates Inc., Monett, Mo.
IBizManager integrates the functionality of the
Net Teller Cash Management and iPay Biz 2.0 business
bill pay products into an iPad-based application. It
enables banks to expand their mobile offering with a
contemporary solution designed exclusively for business
customers. IBizManager supports banks’ commercial
customers with secure, anytime, anywhere access to their
accounts, funds transfer and bill payment capabilities,
alerts, and more.
The business of banking has evolved from brick
and mortar, to the Internet, and now to smartphones
and tablets, explains Pete Hopkins, general manager of
Internet Solutions for the company. “Today’s consumers
expect to conduct their banking business anytime and
anywhere, so mobile banking is becoming a must-have
financial service. Banks need a progressive mobile strategy
for their retail and business customers, and they need
secure technology to drive that strategy.”
Jack Henry Banking, a division of Jack Henry &
Associates, Inc., is a provider of integrated computer
systems for banks ranging from de novo to mid-tier
institutions. Website: www.jackhenrybanking.com.