Software // Enterprise Applications
News
3/28/2008
01:00 PM
50%
50%

Transcard Adds Apps For Mobile Banking

Transcard Mobile was built for payroll card members with text-enabled cell phones and gives them full bank account access using their mobiles.

Transcard unveiled two new financial applications this week, further evidence that developers are determined to turn mobile phones into banking passbooks.

The software vendor said Transcard Mobile was built specifically for payroll card members with text-enabled cell phones and gives them full bank account access using their mobiles.

Transcard Mobile also includes a new, WAP-enabled mobile Internet Web site, where cardholders can make balance inquiries, get text alerts for balances, confirm transactions, and transfer funds securely. Mobile users will also retain access to a voice-response system for controlling specific account activities, Transcard said.

The company also unveiled Electronic Payroll Stubs, which distributes electronic wage statements and payroll updates via SMS texts.

Transcard offers a variety of electronic funds transfer services including direct-to-card payroll technology, electronic fuel and transaction processing, and health care and gift card products. The company expects to process more than $1.8 billion in transactions this year, up from $1.2 billion in 2007.

"With advancements in the realm of SMS messaging and electronic statements, Transcard can truly support a paperless society and aim to save an estimated 205,000 trees a year that contribute to the production of payroll stubs that are never opened," said Craig Fuller, CEO of Transcard, in a statement. "Our mobile initiative will achieve two goals -- eliminate waste involved with cutting paper stubs, and reinforce Transcard's commitment to an eco-friendly environment."

In conjunction with the Transcard Mobile Initiative, Transcard said it also has overhauled its Transcard.com Web site to improve how customers establish account alerts, download reports, and track expenses.

Comment  | 
Print  | 
More Insights
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of January 18, 2015.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.