Tyfone Redefines the Future of Mobile Banking at the PAYMENTS 08 Conference, Booth #927

Company to Demonstrate the Industry’s Only Solution for Mobile Banking and Mobile Payments that are Device- and Carrier-Independent

LAS VEGAS--(BUSINESS WIRE)--Tyfone, a global provider of mobile financial services infrastructure and fully-integrated mobile payments capabilities, today announced the company’s participation at the upcoming PAYMENTS 08 Conference. The event will take place from May 18-21, 2008 at the MGM Grand Hotel in Las Vegas, Nevada.

“With over 100 million projected users of mobile payments by 2011, financial institutions are aggressively seeking a technology roadmap, yet until now those solutions have involved total reliance on wireless operators and handset manufacturers”

In Booth #927, Tyfone will demonstrate its comprehensive Mobile Financial Services Platform consisting of a highly scalable, modular mobile banking software suite, along with the company’s one-of-a-kind mobile payments technology. Tyfone will present financial institutions and other PAYMENTS 08 attendees with a powerful infrastructure solution for implementing mobile financial services that are designed from the ground up to meet the evolving needs of financial institutions and their customers.

PAYMENTS 08 is the annual conference for NACHA, the Electronic Payments Association, representing more than 11,000 member financial institutions, a network of regional payments associations, and 585 organizations through its industry councils. NACHA manages the development, administration, and governance of the Automated Clearing House (ACH) Network–an efficient, reliable, and secure payments system that facilitates commerce electronically. PAYMENTS 08 promises to be the premier networking event for the payments industry, with an agenda that includes over 130 educational sessions.

“With over 100 million projected users of mobile payments by 2011, financial institutions are aggressively seeking a technology roadmap, yet until now those solutions have involved total reliance on wireless operators and handset manufacturers,” said Thomas Spitzer, CEO of Tyfone. “Tyfone is uniquely qualified to chart the road ahead with the industry’s only solution that combines a turnkey mobile banking platform along with a patented mobile payments offering that is device- and carrier-agnostic. We look forward to sharing our vision for the future of mobile financial services with the attendees of PAYMENTS 08.”

Mobile payments have traditionally relied on phone manufacturers to incorporate NFC chips into their phones, which has slowed worldwide adoption. Tyfone’s mobile payments solutions are based on breakthrough innovations that integrate a mobile phone memory card with SmartCard RFID/Near Field Communications (NFC) technology. Available in SD, mini-SD, and micro-SD form factors, Tyfone raises the bar in mobile banking by delivering contactless payments and secure Identity Management in any memory card-enabled mobile phone.

For more information about this event, visit: http://www.nacha.org/conferences/PAYMENTS2008/.

About Tyfone:

Tyfone connects money and mobility via a highly secure, scalable and flexible mobile financial services infrastructure that is tailored to meet the evolving needs of financial institutions and their customers. With its modular design and experienced professional services team, Tyfone is uniquely qualified to deliver issuer-centric solutions that offer turnkey mobile banking services and fully integrated contactless payments capabilities. With its patent-pending memory card technology, Tyfone enables device- and carrier-independent mobile services under the issuer’s own brand, setting the stage for our customers to define the future of money and mobility. To discover why Tyfone is becoming the partner of choice for mobile technologies to the world’s leading financial institutions & financial technology providers, please visit www.tyfone.com.