Scotiabank Partners With M-Com to Bring Mobile Banking To Canadians

- Mobile banking to be available to Scotiabank customers in spring 2010

TORONTO, Nov. 24 /CNW/ - Scotiabank today announced a new partnership with M-Com, an international mobile banking and payments solution provider, that will bring mobile banking to Scotiabank customers in the spring of 2010.

"With more than 22 million cell phone subscribers in Canada, wireless phones are among the fastest growing consumer products in history*," said Mike Henry, Senior Vice-President, Sales & Service, Scotiabank. "Canadians rely on the convenience of mobile devices to help them manage their busy lifestyles, and having the ability to do their banking from their mobile devices will simplify their lives that much more.

"The launch of mobile banking for Scotiabank customers next spring further demonstrates our commitment to offering innovative, convenient and secure banking solutions for our customers," continued Mr. Henry.

Scotiabank's mobile banking service will provide personal and small business customers with easy access to their Scotiabank accounts from their mobile device, regardless of their mobile service provider. Customers will be able to view balances and transaction history, pay bills and make transfers.

"We are delighted to be partnering with Scotiabank to bring our mobile banking, expertise to Canada," said Adam Clark, CEO, M-Com. "We will be leveraging our experience delivering mobile banking solutions internationally to extend our 100 per cent implementation success rate. By spring 2010, any Scotiabank customer with a mobile device can have secure access to their bank accounts - anywhere, any time."

About Scotiabank

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With close to 69,000 employees, Scotiabank Group and its affiliates serve approximately 12.8 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking. With more than $485 billion in assets (as at July 31, 2009), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

About M-Com

Headquartered in Atlanta, GA, M-Com is an international mobile banking and payments solution provider with live Fortune 500 banking customers across Asia Pacific, the Middle East and North America. M-Com's core proposition is centered on delivering a positive return on investment through world-class adoption metrics and payment services for the mobile channel, while providing the lowest total cost of ownership. M-Com prides itself on delivering certainty to financial institutions through successful implementations, increased control of their mobile channel and a complete enterprise mobile financial services product and roadmap. For more information, visit www.m-com.us.

*Source: According to the Canadian Wireless Telecommunications Association (CWTA), http://cwta.ca/.

SOURCE Scotiabank - Products & Services

For further information: For further information: Robyn Harper, Scotiabank Public Affairs, (416) 933-1093 or robyn_harper@scotiacapital.com; Serge van Dam, M-Com Head of Marketing, (678) 369-0602 or serge.vandam@mcom.co.nz


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