KeyBank Expands Mobile Capabilities for Commercial and Consumer Clients
CLEVELAND, June 12, 2013 /PRNewswire/ -- KeyBank is making banking more convenient for all clients - commercial and consumer - to manage money while on the move with an expanded suite of mobile banking services.
"We're seeing double-digit growth in our clients' use of consumer mobile banking, and we know our commercial clients have increasing interest in mobile," said Matthew D. Lehman, head of KeyBank's Community Bank online and mobile banking. KeyBank's mobile banking use increased by 45 percent between 2011 and 2012.
Jordan M. Olack, senior vice president, Product Management of KeyBank Enterprise Commercial Payments, said research shows that business owners of all sizes and needs increasingly see electronic payments as a way to boost cash flow, increase payment security and lower cost.
"More business owners, particularly owners of small businesses, use mobile devices to manage their business matters," Olack said. "These business owners want banking service that matches how they do business."
Commercial mobile banking services such as Key Total Treasury™ Mobile give clients the ability to access account information and make important decisions while on the go through a secure browser connection. The service is available to all Key Total Treasury customers. Special features include the ability to approve ACH and Wire payments, act on Positive Pay items, and access Intraday and Previous Day reports. KeyBank Merchant Services Mobile enables card payment acceptance anytime, anywhere for business owners who want to offer their customers cash or check alternatives, using a smart phone or tablet.
For consumers, there is Mobile Deposit, which enables clients to make deposits as late as 11 p.m. EST, one of the latest cut-off times in the industry. Mobile Deposit client can also view recent mobile deposits via Key's mobile app. Clients in a Key Advantage, Key Privilege or Key Privilege Select account can take advantage of Mobile Deposit for no charge, while clients in other accounts will be assessed a fee. For more information, visit key.com/deposit.
"KeyBank is committed to making investments in mobile technology to make banking with Key easier for our clients," Lehman said.
Key traces its history back more than 160 years and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $89.2 billion as of March 31, 2013.
Key (NYSE: KEY) provides deposit, lending, cash management and investment services to individuals, small and medium-sized business in 14 states under the name KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.
For more information about Key, visit www.key.com or follow Key on Twitter@KeyBank_News and @KeyBank_ Thrive. Banking products and services are offered by KeyBank National Association. Key.com is a federally registered service mark of KeyCorp. ©2013 KeyCorp. KeyBank is Member FDIC