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Banno ProfitStars partner on mobile bill pay RDC

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CEDAR FALLS, Iowa (12/7/12)--Banno, a provider of mobile applications, websites and payment card services, has partnered with ProfitStars to offer integrated bill pay and mobile remote deposit capture (RDC) through Banno's financial decision support tool, Grip. 

With Banno's Grip, credit unions and other financial institutions can brand and offer an app providing mobile services. The app, which requires no core integration, analyzes and assesses price, place to buy, time to buy and payment method. It provides real-time, accurate forecasting to replace manual estimates that people make when considering an on-the-go purchase.

The addition of ProfitStars' funds transfer tools within Grip are designed to create a seamless mobile experience, completing the purchase cycle, the companies said.

"Grip already satisfies the real-time purchasing ability that consumers demand in mobile services, and now it enables financial institutions to cost effectively extend competitive funding and payment options through a single, turnkey solution," said Wade Arnold, Banno CEO. "Mobile banking and mobile personal financial management solutions have not previously been aligned with how the masses intend to use their smartphones and tablets. We can help people answer questions like 'Where did my money go, and how much can I spend?' and provide the power (and funding) to execute transactions."