BancorpSouth First Bank to Now Offer Mobile Banking Live with AT&T Mobility
March 29 2007 - 5:16PM
PR Newswire (US)
Announces System wide Customer Access to Mobile Banking Service
TUPELO, Miss., March 29 /PRNewswire-FirstCall/ -- Officials of
Tupelo, Mississippi based BancorpSouth, Inc. (NYSE:BXS) announced
that its banking customers who subscribe to the AT&T Mobility
wireless service can now download the mobile banking application
directly to their device, where they can access the application
anywhere and at any time. The easy-to-use service offers
BancorpSouth customers the opportunity to view their account
balances, transfer funds between accounts, and receive and pay
bills, just as they do now using their home computer. To help
ensure privacy and security, all information on the mobile banking
application is password-protected and encrypted. "BancorpSouth was
an early adopter of Internet Banking in the mid '90s," said Aubrey
Patterson, Chairman and CEO of BancorpSouth. "Our early mover
strategy has resulted in BancorpSouth having almost 40% of its
households as Internet Banking customers. We believe Mobile Banking
is a channel of the future and have positioned ourselves to now
offer it to our customers." BancorpSouth was the first bank in the
country to conduct a mobile banking trial. "There has been a lot of
discussion in the media recently about mobile banking," said
Michael Lindsey, BancorpSouth Senior Vice President. "We think it
was valuable to deliver actual real world results to the wireless
industry through our mobile banking trial, data which supports
BancorpSouth's decision to now go live with our mobile banking
service." "BancorpSouth has a history of investing in emerging
technology to better serve our customers," Patterson said. "We are
proud of our position on being the first and only bank live. It
shows that an emerging regional bank can be a leader in innovative
products to better serve our customers." BancorpSouth, Inc. is a
financial holding company headquartered in Tupelo, Mississippi with
approximately $12.9 billion in assets. BancorpSouth Bank, a
wholly-owned subsidiary of BancorpSouth, Inc., operates 289
commercial banking, mortgage, insurance, trust and broker/dealer
locations in Alabama, Arkansas, Florida, Louisiana, Mississippi,
Tennessee and Texas with a staff of approximately 4,300 full-time
employees. BancorpSouth and its subsidiaries provide, in addition
to traditional banking services, mortgage origination and
servicing, student loans, leasing, credit card, trust and fiduciary
services, brokerage, investment and insurance services. DATASOURCE:
BancorpSouth, Inc. CONTACT: Michael Lindsey, +1-662-678-7183, or
Randy Burchfield, +1-662-620-4302, both of BancorpSouth, Inc. Web
site: http://www.bancorpsouth.com/
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