This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Generations Bank Deploys First Mobile App

CEDAR FALLS, Iowa and MONETT, Mo., July 10, 2013 /PRNewswire/ -- Generations Bank ( $264 million assets) has launched its first mobile app, mygenmobile.The app is powered by the partnership between Banno and ProfitStars ®, a division of Jack Henry & Associates Inc. ®.

Seneca Falls, N.Y.-based Generations Bank launched mygenmobile in February and customer adoption is growing twice as fast as what the bank projected. Furthermore, usage is strong; in one month, half of the app's subscribers accessed it more than 10 times. The top 10 percent entered mygenmobile at least 45 times, the top 5 percent at least 60 times, and the top 1 percent at least 95 times.

Generations Bank has many Millennial customers who never enrolled in online banking, but they have now seen a surge of those customers signing up for mygenmobile. There has also been wide adoption of the app among the bank's online bill pay customers, most of them now leveraging that functionality through mobile. During the month of May, Generations Bank bill pay subscribers were up 30 percent and bill pay transactions had increased 16 percent when compared to the year prior.

Derek Dyson, project analyst at Generations Bank, explained, "Our customers expect seamless, comprehensive mobile banking. Banno and ProfitStars gave us a fast, cost effective way to brand and launch that option, plus provide a tool that is much more sophisticated than simply showing balance and transaction details. With mygenmobile, our customers have the insights to make better financial decisions and act on that purchase or funding opportunity."

Banno and ProfitStars' iPay Solutions™ partnered last year to offer the integrated bill pay as well as Remote Deposit Anywhere™ mobile RDC, providing a more complete financial cycle. Generations Bank has been an iPay Solutions bill pay client since 2009, and was confident in how its technology could parlay into mobile.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs