Clairmail Reports Record Mobile Banking Adoption and Bookings in Third Quarter 2011, Builds Momentum for Remainder of Year

San Rafael - 28 October 2011

Kicks Off Q4 2011 Strong with BAI MobileLink Award Win at BAI Retail

Clairmail, Inc., the leader in mobile banking and payment solutions, today announced a record 212 percent year-over-year increase in cumulative mobile banking transactions for the third quarter ending September 2011, with more than 196 percent increase in transaction requests, proving engagement among its mobile banking end users. In addition to the rapid increase in transactions, Clairmail gained notable market leadership through significant expansion in its customer base, driving a 125 percent year-over-year increase in end user adoption numbers and 55 percent growth in year-over-year bookings.

In Q3 2011, Clairmail built upon its unparalleled executive leadership and expanded its global footprint with the hires of industry veterans in the U.S. and Europe. In August, Kaj van de Loo was appointed Vice President of Engineering, bringing 20 years of experience in enterprise software at both startup and global technology companies, including SAP and Questra. Kaj has a long history of managing engineering on the leading edge, and delivering innovative solutions to the market in the highest quality. Additionally, Phillip Harrison was named Managing Director for Europe. Harrison brings 25 years of experience in retail banking technologies and the payment card industry in EMEA. He has been responsible for international business development, delivery, operations and consulting for a number of early stage and established companies including Advanced Payment Solutions, Western Union Bank, VISA International, Brokat, ACI Worldwide and Accenture.

As a result of the strong momentum experienced in Q3 2011, Clairmail continues to distinguish itself as a leader in the mobile financial services industry with industry accolades in Q4 2011. In early October 2011, the company received one of the industry's top honors -- being named the winner of the BAI MobileLink Pace Setter Award for advancing mobile banking innovation in 2011. The award recognizes Clairmail's mobile fraud management solution as the top mobile accomplishment in the financial services industry in 2011. Clairmail's fraud solution allows FIs and their customers to quickly respond to fraudulent transactions directly through the mobile channel by working with existing FI fraud systems and processes to help mitigate card, Direct Deposit Account (DDA), online banking and identity fraud.

"Winning the BAI MobileLink award really underscores what a dedicated, world-class team can accomplish when there's a belief in a product that can deliver tangible value to banks and consumers alike," said Pete Daffern, CEO of Clairmail. "We're in the best possible position to continue our rapid expansion, growth and product innovation to transform the ways in which our FI clients interact with their customers, drive new sources of revenue and cut overhead costs."

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