Mobile Banking

PhonoClick Mobile Banking is an integrated solution that addresses the most important challenges banks face in this fast growing market:

Runs on any mobile platform, any device:

PhonoClick's Mobile Banking solution is available on all major platforms:

iPhone
Blackberry
Windows Mobile
Android
Java MIDP 2.0

With support for industry standard device profile databases, this solution will support most new devices to come to market in the future, without code changes.

Hybrid architecture maximizes security and flexibility:

Before PhonoClick Mobile Banking, banks had to choose between browser-based and mobile app-based solutions for their mobile architecture. Both of these have advantages and disadvantages:

Browser-based solutions offer maximum flexibility, but limit security to whatever can be achieved with SSL, which is very easy to bypass with man-in-the-middle class attacks, especially on unsecured WiFi connections most newer mobile devices are capable of using.

Mobile app-based solutions can offer higher security, but that usually comes with a high cost: They decrease flexibility, locking the bank into a long term relationship with the same software vendor. Any future changes in the service are likely to require code changes and updating of all mobile devices, a maintenance nightmare in any fast-growing user-base. With at least 5 major mobile platforms, maintaining different versions of the same app for all platforms and updating each after a feature addition can quickly spiral into a crisis, and will be a constant burden on the IT team. It is also likely to slow introduction of new services, and cause competitive disadvantage.

PhonoClick's hybrid architecture brings the best of both methods to provide high security and maximum flexibility in an easy to maintain, scalable solution.

Integrated Strong Authentication

PhonoClick Mobile Banking Solution supports multi-factor strong authentication for mobile sessions. But that's not all: the mobile clients also include an optional one-time password feature for use with other channels. Mobile users can use the same mobile app to connect to mobile banking services, or generate OTP codes to access web, IVR or ATM services. This eliminates the need to use costly SMS or hardware token based OTP methods.

Strong authentication methods used in PhonoClick solutions are independently audited by CISSP/BSI Lead Auditors.

Modular Client Design

Mobile banking is the new frontier of banking and the industry will definitely go through many changes in the future. That is why the PhonoClick Mobile Banking Solution is designed and licensed in independent, yet closely-integrated modules. As user demand, competition, innovation and regulations change, new modules can easily be added into the existing clients, instantly adding new features as needed. Some of the modules already available as mobile banking add-ons are:

ATM and Branch Locator
Location Based Offers
One-time password for web, IVR and ATM logins
Loan Wizard
One-click post-transaction EMI (Equated Monthly Installments) converter for credit card purchases

Features:

Hybrid architecture for maximum security and flexibility
Runs on any iPhone, Blackberry, Windows Mobile, Android, Java MIDP 2.0 device
Integrated multi-factor strong authentication
Optional OTP feature for other channels
Expandable, modular design