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Sun National Offers Mobile Payments to Small Business Customers

The New Jersey-based bank, in conjunction with First Data, expanded its mobile payment solution, Pogo, to small businesses.

Mount Laurel, NJ-based Sun National Bank, in partnership with First Data, an electronic commerce and payment processor, expanded their mobile payment solution, Pogo, to small businesses. Pogo gives merchants wireless coverage to accept credit, signature debit or cash payments.

Using the internet, the mobile application and secure mobile card reader, Pogo allows iOS or Android smartphones or tablets to create point-of-sale devices.

“With the ability to access Pogo in our growing suite of small business banking services, our customers can leverage the latest technology to securely process payments, more effectively manage their expenses and improve their bottom line,” said Thomas X. Geisel, president and CEO of Sun National Bank, in a statement.

Integrated with First Data, the solution will also offer encryption when the card is swiped, electronic receipts with email or text options, real-time summary reporting, mobile card reader and 24/7 phone, email, web portal and chat support.

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Zarna Patel is a staff writer for InformationWeek's Financial Services brands, which include Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. She received her B.A. in English and journalism from Rutgers University College of Arts and Sciences in ... View Full Bio

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Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
10/3/2013 | 12:17:01 PM
re: Sun National Offers Mobile Payments to Small Business Customers
The SMB space for banks is an important one. SMB users are consumers too, and they expect mobile capabilities as well. In fact, since they are likely paying some sort of fee to the bank, most probably expect even more functionality than they have with their personal accounts.
Byurcan
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Byurcan,
User Rank: Author
10/2/2013 | 1:06:12 PM
re: Sun National Offers Mobile Payments to Small Business Customers
Yes, I've been hearing from several banks that SMBs are more ripe for these services, they have more of a need for on-the-go, mobile payment approval capabilities than large corporates, who have big treasury staffs to handle these things.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
9/30/2013 | 8:39:39 PM
re: Sun National Offers Mobile Payments to Small Business Customers
There's a lot of focus on those small business customers right now because of the lack of profits in serving retail clients. This service could be a good example of way to provide value-added services to small businesses that they can help the businesses grow and help the bank earn a profit.
KBurger
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KBurger,
User Rank: Author
9/26/2013 | 2:56:10 PM
re: Sun National Offers Mobile Payments to Small Business Customers
This further illustrates the trend we have been seeing (& reporting on) around mobile corporate/business banking. It would seem that SMBs have even more opportunity than big corporates to capitalize on the advances in mobile banking for consumers, as small business banking has many similarities in terms of products & services to retail banking.
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