mFoundry Launches iPhone Mobile Banking Solution for Financial Institutions Interested in Deploying by End of Year

SAN FRANCISCO--(BUSINESS WIRE)--Mobile financial services leader, mFoundry today announced the availability of its iPhone mobile banking product. mFoundry’s financial services platform offers a cross-platform, cross-carrier solution for mobile banking, mobile payments and mobile wallets.

mFoundry is offering its iPhone mobile banking solution as both a stand-alone or supplement to other supported devices. The company has configured iPhone mobile banking applications for existing customers with the first application launching in the App Store in the next few weeks. Financial institutions interested in reaching iPhone users will be able to deploy mFoundry’s iPhone mobile banking applications in as little as 60 days.

“iPhone user demographics are similar to other smartphone users in that they are more likely to be male, aged 25-34, and earn more than $100,000,” said Mark Donovan, senior analyst for M:Metrics. “However, iPhone users are the heaviest consumers of mobile content dwarfing the general mobile market and even other smartphones. The data indicates that iPhone applications are an effective means to drive mobile content consumption.”

“Offering mobile banking services, especially via the iPhone, is a great, affordable way for financial institutions to acquire new, younger, affluent customers,” said Drew Sievers, chief executive officer and cofounder of mFoundry. “We’re pleased to offer financial institutions the ability to get up and running with iPhone mobile banking quickly and easily. It’s a great way for banks to start their mobile banking efforts.”

The mFoundry iPhone mobile banking product is available immediately. For more information, please visit www.mfoundry.com.

About mFoundry

mFoundry provides a comprehensive mobile banking and payments solution for banks, credit unions, processors and operators. With specific programs for financial institutions of all sizes, the out-of-the-box platform supports full service mobile banking and mobile payments and serves as an ideal foundation for mobile wallets. The platform has been adopted by some of the largest banks, mobile operators and bank technology providers in the U.S.

mFoundry is based in the San Francisco Bay Area and has been recognized as one of “10 Emerging Wireless Players to Watch” by IDC as well as the top "Tech Company to Watch" by Bank Technology News. For more information on mFoundry, please visit www.mfoundry.com.