M&T bank launches mobile banking for businesses

Mobile banking

Business account holders can now access banking services through their mobile phone with the banks Mobile Banking for Business service. Features include pay bills, view account details and transaction history, check current balance and transfer funds. The service can be used for mobile text and mobile web banking. The launch comes as a result of increased demand from small businesses for mobile and online services. A Forrester Research report from 2010 found that 49% of small business owners owned a smartphone compared with 17% of the total population.

Janet Coletti, senior vice president for business banking at M&T claims the bank “is one of only a few regional banks to offer a comprehensive mobile banking product suite for business customers.

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