IBC Bank Launches iPhone Mobile Banking Application from mFoundry on Apple App Store

LAREDO, Texas & SAN FRANCISCO--(BUSINESS WIRE)--Mobile financial services leader, mFoundry, today announced that IBC Bank's mobile banking application for iPhone and iPod touch is available on the Apple App Store. IBC Bank is the Laredo-based flagship bank of International Bancshares Corporation (NASDAQ: IBOC), one of the largest bank holding companies in Texas. IBC’s mobile banking application for iPhone gives customers on-demand, secure access to IBC checking, savings and loan accounts and also provides access to account balances, search and retrieval of account transaction histories, money transfers, bill pay, and location search for IBC branches and ATMs.

“The iPhone has quickly taken a large share of the smartphone market and its users have shown a great propensity for downloading applications so we‘re excited to now offer a mobile banking app for iPhone and iPod touch users”

“The iPhone has quickly taken a large share of the smartphone market and its users have shown a great propensity for downloading applications so we‘re excited to now offer a mobile banking app for iPhone and iPod touch users,” said Dennis E. Nixon, chairman of International Bancshares Corporation. “mFoundry’s ability to quickly support new platforms and devices separates them from competitors and we're proud of the application we've created together for these important customers.”

“iPhone and iPod touch users are unmatched in terms of mobile content consumption. We’re pleased to be able to work with IBC Bank to serve this important audience,” said Drew Sievers, CEO and cofounder of mFoundry. “IBC Bank is a very forward-thinking regional leader who has made great strides this year in offering a variety of mobile banking options. We look forward to our continued partnership.”

The mFoundry platform supports full mobile banking and mobile payments and serves as an ideal foundation for mobile wallets. Adopted by some of the largest banks and mobile operators in the U.S., the mFoundry platform has become the leading mobility platform for financial services.

About IBC Bank

IBC Bank is a subsidiary of International Bancshares Corporation (NASDAQ: IBOC), a $11 billion multi-bank financial holding company headquartered in Laredo, Texas, with more than 265 facilities and 425 ATMs serving more than 100 communities in Texas and Oklahoma.

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.