SelfBank Mobile Knowledgebase

What makes the SBM M-Commerce Platform/Technology unique to what is already out there in the market place today?

1 - World’s first P2P Mobile Social Commerce System in the palm of your hand that crosses over traditional brick and mortar and e-commerce transactions.
2 -Users can make bill payments, do mobile banking, make P2P transfers and make retail purchases using their cell phones.
3 -Designed to integrate to credit, debit (Interac), and stored value cards, as well as your current bank accounts for loading.
4 -SBM customers can also load their accounts at participating Merchants (where available).
5 -Technology Is hardware, carrier, and bank independent
6 -100% Identity theft proof & secure. No financial data is stored on your phone. Is a Pin based solution. 128/256 bit encryption and higher.
7 -Built-in Cash Back and Advance Rewards consumer loyalty program. (SBM Rewards)
‏ 8 -Send P2P money transfers instantly, globally* at a fraction of the cost (like a mobile Western Union / where available)‏
9 -Ability to donate a % of Cash Back and Advance Rewards to charity ($ that usually goes to the banks)‏
10 -Integrates into online social networks (Facebook) You can Buy and Sell items right off your user profile (M-Commerce Social Utility).‏
11 -Refer all your friends and get paid through our affiliate program.
12 -Worlds first FREE** banking and payment system that is personal and social.
13 -Built in Merchant account allowing every SelfBank to instantly become active with merchant account capabilities and accept payments from customers
14 - a TRUE mobile banking and PAYMENT solution, allowing you to make payments not only online but also at the POS. It functions like regular debit and credit systems today, not by adding to a phone bill or something, relying on a carrier or specific billing system. It isn't a 'make shift' system by simply 're-routing debit and credit transactions via a wireless connection, causing no savings in interchange costs and still relying on a credit/debit card processor and still requiring you to use a card.

* only works with Countries we are operating in, please check with main website for Countries we operate in and the status of the BETA LIVE program

** there are no upfront fees for Mi accounts, but there may be certain fees from carriers and outside institutions to load and remove funds from your account or to conduct P2P transactions




Article Details

Last Updated
14th of May, 2009

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