Tyfone and i-flex® Solutions Announce Their Partnership for Mobile Banking and a New Client, West Coast Bank

PORTLAND, Ore.--(BUSINESS WIRE)--Tyfone, Inc., a developer of an innovative software and hardware platform for bank-branded, mobile banking and mobile payments, announces its partnership with i-flex® Solutions, a global leader providing IT solutions exclusively to the financial services industry, to implement mobile banking and other mobile financial services for a new client, West Coast Bank.

“This partnership leverages the combined strengths both companies have to offer -- global development, delivery and maintenance teams, modular systems architecture, and a singular focus on financial institutions. The net benefit to our customer is the most cost-effective mobile solution in the marketplace.”

The Tyfone mobile platform architecture is modular and highly flexible for plug-and-play implementation with current core banking and Internet banking systems. With its patented security technology, Tyfone provides end-to-end secure communications and transactions.

Tom Spitzer, Tyfone’s chief executive officer, comments, “i-flex® Solutions’ deep expertise and vast experience developing systems and managing large, complex integration projects teamed with Tyfone’s extensible mobile financial services platform will give West Coast Bank an early, yet sustainable competitive advantage. We are not simply adding technology, but providing a new way for the bank and its key customer segment to grow their businesses with the built-in capability to evolve as consumer demand increases.”

West Coast Bancorp is a Northwest bank holding company with $2.6 billion in assets, operating 62 locations in Oregon and Washington.

Robert D. Sznewajs, president and chief executive officer of West Coast Bank, says, “We look forward to working with both Tyfone and i-flex® Solutions during the coming months to offer a competitive mobile financial services product offering to our customers.”

i-flex® Solutions offers a comprehensive portfolio of products, IT services, consulting and knowledge process outsourcing exclusively to the financial services industry in over 125 countries. Sajal Mukherjee, senior vice president - PrimeSourcing, Americas adds, “This partnership leverages the combined strengths both companies have to offer -- global development, delivery and maintenance teams, modular systems architecture, and a singular focus on financial institutions. The net benefit to our customer is the most cost-effective mobile solution in the marketplace.”

Prabhakar Tadepalli, managing director of Tyfone’s India and Asia sales and operations, continues, “Tyfone and i-flex® Solutions will act as a team to integrate and scale West Coast Bank’s mobile financial services offering using the global resources and talents of both companies. The i-flex® Solutions and Tyfone teams recognize West Coast Bank’s goals and the opportunity for continued growth in the mobile channel. Our partnership brings global innovation to West Coast Bank and its customers today and for years to come.”

“Security and flexibility are critical components of our mobile platform,” explains Dr. Siva Narendra, chief technology officer for Tyfone. “Tyfone’s patented security technology has FFIEC-compliant authentication and provides a cost-effective, full-duplex communication between the bank and its customers. In addition, i-flex® Solutions’ implementation and delivery expertise brings to bear critical industry standard audit compliance regimes, including SAS 70 Type II, ISO 27001, BS7799 and CoBIT.”

About Tyfone, Inc.

Tyfone is an infrastructure player in mobile financial services and has developed a flexible and extensible hardware and software platform for bank-branded mobile banking, mobile contractless payments and mobile merchant services. The platform is agnostic of mobile operator, giving customers secure mobile services offered by their bank, and is available on most mobile phones with any mobile network.

Founded in 2004, Tyfone’s US corporate headquarters is located in Portland, Oregon, and its headquarters for Asia is in Bangalore, India. The company has outsourced manufacturing relationships in Taiwan and component partners in Israel, Germany and Singapore. For additional information on the US operations, go to www.tyfone.com or contact Linda Horowitz at 626-445-4527 or linda@tyfone.com. For information regarding Asia sales and operations, contact Deepesh Shrestha at 971-223-5267 or +91-80-41262873 or deepesh@tyfone.com.

i-flex® Solutions

i-flex^® solutions (Reuters: IFLX.BO and IFLX.NS), majority-owned by Oracle, is a world leader in providing IT solutions to the financial services industry, with more than 775 customers in over 130 countries. Its strategy for financial services addresses the challenges that financial services institutions are faced with today. Its range of applications software, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk.

Together, Oracle and i-flex solutions offer financial services institutions the world’s most comprehensive banking applications and technology footprint to address the most complex IT and business requirements. For additional information on i-flex^® Solutions, go to www.iflexsolutions.com or contact Sunil Robert at 646-612-3690 or sunil.robert@iflexsolutions.com.

West Coast Bancorp, (NASDAQ:WCBO), is headquartered in Lake Oswego, Oregon, with $2.6 billion in assets and 62 branches throughout Oregon and Washington. For additional information, go to www.wcb.com or contact Nancy Verville at 503-598-3252, vervillen@wcb.com.