Bank Uses iPhone to Reach More Borrowers

PeoplesBank has given its members access for mobile banking and payment services through the iPhone, courtesy of technology provided by Online Resources Corp. The Massachusetts-based $1.5 billion asset bank is now one of fewer than 50 U.S. financial institutions that currently offer the iPhone application through the App Store or iTunes. PeoplesBank has used Online Resources' full suite of retail and business Internet banking and bill payment services since 1999. An extension of these online services, the new iPhone application allows users to view account balances, transaction history, schedule same day transfers, pay bills, and send and receive secure in-session messages. PeoplesBank customers register online for mobile access and download the iPhone application, which also works on iPad and iPod touch devices.