mFoundry’s Mobile Banking Solution Certified by Jack Henry & Associates, Inc.

San Francisco, April 22, 2013

mFoundry, North America’s leading provider of mobile banking and mobile commerce solutions, today announced that it has been certified by Jack Henry & Associates, Inc.® for its SilverLake System®.

mFoundry is a participant in the Vendor Integration Program (VIP) for Jack Henry & Associates’ SilverLake solution based on integration with jXchange™.

“SilverLake certification is another confirmation of mFoundry’s emphasis on quality and its proven ability to serve small- to mid-tier financial institutions,” said John Pizzi, Chief Operating Officer of mFoundry. “This milestone is another reason for financial institutions to partner with mFoundry to accelerate the growth of mobile banking.”

SilverLake is a competitively distinct, powerful banking platform that provides highly customizable, enterprise-wide automation designed for growth- and commercial-focused banks ranging from community banks to multi-billion, mid-tier institutions. Approximately 425 banks have entrusted their ability to attract, serve, and retain their customers to SilverLake including more than 20 percent of the domestic mid-tier banks with assets ranging from $1 billion to $30 billion.

About mFoundry

mFoundry is North America’s largest provider of mobile banking and mobile commerce. The leading software-as-a-service (SaaS), cloud-based mobile banking offering, mFoundry works with almost than 900 banks and credit unions nationwide, including Bank of America, PNC Bank, Zions Bank and more than one-third of the top 50 financial institutions in the U.S. mFoundry was behind the nation’s largest, and most successful mobile payments program: Starbucks Card Mobile. mFoundry is headquartered in Larkspur, California, with offices in downtown San Francisco.

mFoundry and MasterCard to Deliver Digital Wallets Services to Banks

mFoundry to integrate new MasterPass digital service with its mobile banking solutions

BARCELONA – Feb. 25, 2013

At Mobile World Congress, mFoundry and MasterCard (NYSE: MA), announced today an agreement to make MasterPass-connected wallets available to mFoundry’s nearly 900 bank customers. By integrating the MasterCard MasterPass service with mFoundry’s mobile banking solutions, millions of consumers could be able to use any payment card or enabled device to go beyond plastic and discover enhanced shopping experiences that are as simple as a click, tap or touch – online, in-store or anywhere.

MasterPass is the evolution of PayPass Wallet Services which was announced in Spring of 2012 and has been in a production trial with select merchants and issuers. mFoundry will create a digital wallet service using the MasterPass APIs to provide its customers with a MasterPass-connected wallet as part of its mobile banking platform. mFoundry’s solution will deliver a truly integrated mobile banking and payment solution to the market. The service will be available to mFoundry’s customer banks in early 2014 with pilots expected to launch in 2013.

“Consumers will now shop and pay in whatever way best fits their needs and lifestyles, from every device they have. MasterPass gives them the ability to make a payment from wherever they are and with one simple experience,” said Ed Olebe, Group Head, MasterPass Services, MasterCard. “Integrating with mFoundry’s solution embeds the power of MasterPass into an industry-leading mobile banking platform and enhances both the payment and banking experience for consumers.”

“Together, mFoundry and MasterPass deliver an outstanding customer experience by integrating mobile banking and mobile payments into one, seamless solution,” said mFoundry CEO Drew Sievers. “By bringing together both, financial institutions can transform their mobile banking experience and achieve the broader goal of turning mobile into their most valuable channel.”

For a complete list of MasterCard news announcements from Mobile World Congress, please visit http://newsroom.mastercard.com/digital-press-kits/the-future-of-payments-is-here-mastercard-at-mobile-world-congress-2013/

About MasterCard Worldwide

MasterCard (NYSE: MA), is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

About mFoundry

mFoundry is North America’s largest provider of mobile banking and mobile commerce. The leading software-as-a-service (SaaS), cloud-based mobile banking offering, mFoundry works with almost than 900 banks and credit unions nationwide, including Bank of America, PNC Bank, Zions Bank and more than one-third of the top 50 financial institutions in the U.S. mFoundry was behind the nation’s largest, and most successful mobile payments program: Starbucks Card Mobile. mFoundry is headquartered in Larkspur, California, with offices in downtown San Francisco. Follow us on Twitter @mFoundry for the latest on Mobile Banking and Mobile Payments News.

Media Contacts

MasterCard: Brian Gendron, 914-249-1284, brian_gendron@mastercard.com
mFoundry: Greg Berardi, 415-239-7826, greg@bluemarlinpartners.com

FIS Advances Leadership Position in Mobile Financial Services through Acquisition of mFoundry

January 31, 2013

Key Facts

• Acquisition supports FIS’ strategy to invest in new innovation
• Combination creates one of the leading mobile entities in the financial services space
• Transaction expected to close by the end of the first quarter

JACKSONVILLE, Fla., Jan. 31, 2013 – Expanding on its leadership position in mobile financial services, FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced it has signed a definitive agreement to acquire the remaining 78 percent interest in mFoundry, a foremost provider of mobile banking and payment solutions for financial institutions and retailers. Previous to this transaction, FIS held a 22 percent interest in the company. The addition of mFoundry creates one of the leading mobile entities in the financial services space and enables FIS to leverage its technology assets across a broader client base. “mFoundry has a well-earned reputation for innovation, powerful vision and agile development and delivers one of the most advanced mobile platforms in the market today,” noted Gary Norcross, FIS president and chief operating officer. “Consumers have adopted the mobile channel faster than any other delivery channel in existence, and delivering industry-best mobile solutions is a vital focus area for FIS. Our goal is to provide the solutions that underpin an organization’s ability to best reach and serve its customers, and the addition of mFoundry plays a key role in that strategy.” Founded in 2004 and serving more than 850 clients, mFoundry’s customer-focused solutions have become a leading platform for mobile banking and mobile retail and have been adopted by some of the largest banks, credit unions, payments processors and retailers in the country. Commenting on the transaction, Drew Sievers, mFoundry co-founder and chief executive officer stated, “FIS has been a great investment partner for the last several years, and the timing was right for us to combine forces to create the unparalleled industry leader in mobile delivery. This transaction enables us to capitalize on new market opportunities and bring top-tier mobile capabilities to our combined client bases.” FIS anticipates paying approximately $120 million in cash to acquire the remaining 78 percent ownership interest in mFoundry. The transaction, subject to customary regulatory approvals and contractual closing conditions, is expected to close by the end of the first quarter.

About mFoundry

mFoundry is North America’s largest provider of mobile banking and mobile payments services. The leading software-as-a-service (SaaS), cloud-based mobile banking offering, mFoundry works with more than 850 banks and credit unions nationwide, including Bank of America, PNC Bank, Zions Bank and more than one-third of the top 50 financial institutions in the U.S. mFoundry is headquartered in Larkspur, California, with offices in downtown San Francisco.

About FIS

FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.

Contact Information

mFoundry’s Next Generation Mobile Banking Solution

October 8, 2012

mFoundry’s Next Generation Mobile Banking Solution Accelerates Top-Line Revenue, Strengthens Loyalty, Increases Profitability.

• •  Game-Changing Platform Can Increase Per User Revenue up to 40%
• •  Mobile Banking Becomes An Institution’s Most Profitable Channel
• •  FIS, Diebold, Dwolla, Blackhawk Network, Micronotes Partner with mFoundry

SAN FRANCISCO, Oct. 8, 2012 – mFoundry, North America’s leading provider of mobile banking and mobile payments, today announced a next-generation mobile banking platform that offers banks and credit unions unique ways to capitalize on the explosive growth of mobile banking services.

A hosted, cloud-based solution, mFoundry’s Fin.X enables financial institutions to deliver significantly more mobile banking features to smartphones and tablets through an advanced extensible architecture. At the same time, Fin.X also offers a newly created, best-in-class Service Provider Network of 30 companies, including FIS, Diebold, Dwolla, Blackhawk Network, and Micronotes.

By adopting mFoundry Fin.X, financial institutions can provide consumers with a comprehensive, flexible mobile banking experience that delivers the industry’s widest choice of services, including remote deposit capture, peer-to-peer money transfer, account funding, mortgage rate checks, auto insurance quotes, account opening, gift card issuance, merchant funded offers, and retail bar-code scanning, among other features.

mFoundry will unveil Fin.X at the BAI Retail Delivery conference in Washington D.C. next week. CEO Drew Sievers will be discussing the new platform during presentations on Oct. 9 and Oct. 10. For a demo or information, please contact sales@mfoundry.com.

“Fin.X from mFoundry can do it all: Drive profitability, reduce cost, strengthen loyalty, differentiate your brand, and increase top line revenue,” said Drew Sievers, Co-Founder and CEO of mFoundry. “mFoundry’s Fin.X has the potential to transform mobile banking into an institution’s most profitable channel. If your institution has an underperforming mobile solution or has yet to offer a mobile banking solution, you should speak with us. There’s no question we can accelerate revenue and grow earnings.”

Huge Market Opportunity

mFoundry estimates that its new platform can grow per user revenue up to 40% through a combination of increased revenue and cost savings. mFoundry’s new platform packs up to $100 of incremental per user revenue each year^[1]. A September report by Global Information Inc. concluded that financial institutions could grow sales by 60%^[2].

Mobile banking is one of the largest opportunities in financial services today. Mobile banking usage is expected to triple in the next five years, according to Forrester.^[3] More than 108 million consumers, or 46% of all U.S. bank account holders, are expected to use mobile banking by 2017, Forrester predicts.

“The power in mFoundry’s mobile banking solution is both the technology architecture and the aggregation of many services in our Service Provider Network,” said Rodney Aiglstorfer Co-Founder and Chief Technology Officer of mFoundry. “mFoundry’s new mobile banking technology can layer on an almost unlimited number of service providers quickly and at minimal cost. That allows financial institutions to enjoy all the benefits expected from a hosted platform combined with all of the upside found in much more expensive custom solutions.”

What’s New in Fin.X?

• •  Service Provider Network. mFoundry is offering services from 30 providers across 14 separate feature categories. More providers will be announced in coming months.
• •  Full extensibility. Fin.X. is built to exploit future market opportunities and revenue. New service providers can be seamlessly snapped onto the technology platform as market opportunities arise.

About mFoundry

mFoundry is North America’s largest provider of mobile banking and mobile payments services. The leading software-as-a-service (SaaS), cloud-based mobile banking offering, mFoundry works with more than 800 banks and credit unions nationwide, including Bank of America, PNC Bank, Zions Bank and more than one-third of the top 50 financial institutions in the U.S. mFoundry was behind the nation’s largest, and most successful mobile payments program: Starbucks Card Mobile. mFoundry is headquartered in Larkspur, California, with offices in downtown San Francisco. For more information, visit http://www.mfoundry.com.

UFCU Reaches 25 Percent Mobile Banking Adoption in Nine Months

July 11, 2012

University Federal Credit Union Registers 20,000th Member for Mobile Banking, Reaches 25 Percent Adoption in Nine Months

Credit Union Shares Best Practices for Exceeding Industry Average for Mobile Banking Adoption

mFoundry, North America’s largest mobile banking and payments provider, today announced University Federal Credit Union (UFCU) has registered its 20,000th member for mobile banking, achieving 25% adoption in the first nine months.

UFCU is also experiencing strong adoption for its mobile deposit offering, an integrated component to its mobile banking applications, processing more than $2MM in mobile deposits per month. Due to the popularity of mobile deposit, UFCU will make mobile its primary remote deposit solution for consumers starting this July.

“Any bank or credit union can achieve similar or greater adoption results for mobile banking,” said Bryan Mishkin, Senior Manager of eServices, University Federal Credit Union. “If a financial institution has a great mobile solution people want to use, offers intuitive mobile enrollment, uses cross-channel marketing dedicated to mobile conversion, and operates mobile as an independent channel, they too will exceed 20% adoption in the first twelve months.”

Mishkin leads the credit union’s electronic delivery strategies across mobile and online, and maintains that these four factors are essential to maximizing mobile banking adoption post-launch.

“If you read the news about mobile banking adoption, you’d think it’s a miracle that University has achieved 25 percent adoption in nine months,” said Drew Sievers, Co-Founder and CEO of mFoundry. “A recent white paper, suggested the existence of a ‘glass ceiling’ for mobile banking adoption – basically saying banks should expect adoption to slow down at 20 percent, once the early adopters have signed up. As UFCU shows, this doesn’t have to be the case.”

When asked if UFCU believes there is a ‘glass ceiling’ for mobile banking adoption, Mishkin simply said, “If you’re using a great mobile banking product that users love, you’re not going to have a problem with adoption. If you deliver a product that is hard to use and falls short of user expectations, than yes, you’re going to see a slowdown once your early adopters have enrolled. Fortunately for us, our users love mFoundry’s product.”

“What’s most interesting about our adoption numbers so far, is we’re not just seeing early adopters enroll in mobile,” adds Mishkin. “We’ve seen adoption of Mobile Deposit across all demographics. Mobile deposit has also been a huge boost for mobile banking adoption – many of our members have told me they enrolled in mobile banking for that feature alone and our staff has shared numerous stories of how mobile deposit has made members’ lives easier. There is no question that mobile banking is one of the most valuable tools we have at our disposal for growing and maintaining our membership long-term.”

To learn more about the best practices UFCU has leveraged to drive adoption for its mobile banking solution, please plan to attend mFoundry’s webinar with Bryan Mishkin, July 23, 2PM EDT. To reserve your spot, please visit: https://www3.gotomeeting.com/register/915173302.

For more information on UFCU’s mobile banking and mobile deposit offerings, please visit the credit union’s website here: http://www.ufcu.org.

About University Federal Credit Union
With assets exceeding $1.5 billion, UFCU is Austin’s largest locally owned financial institution and serves over 146,000 members in the Austin and Galveston areas. UFCU provides a variety of products, services and education programs to meet your needs through all phases of your life. To learn more about UFCU’s products and services, including low rate auto loans, visit www.ufcu.org.

About mFoundry
mFoundry is North America’s largest provider of mobile banking and payments solutions, currently the choice of nearly 700 banks and credit unions nationwide. mFoundry’s mBanking solution is the leading software-as-a-service (SaaS), cloud-based mobile banking offering in the market today, used by nearly 10MM consumers. mFoundry’s banking customers include 1/3 of the top 50 U.S. financial institutions, including Bank of America, Key Bank, PNC Bank and Zions Bancorporation.

In addition to its mobile banking experience, mFoundry has established itself as a leader in mobile payments, best known for its work with retailers like Starbucks Coffee Company. mFoundry developed and manages Starbucks Card Mobile, the most successful mobile payments program to date, currently processing more than 3 million transactions a month across more than 6,800 locations.

mFoundry was founded in 2004 by Drew Sievers and Rodney Aiglstorfer. The company is headquartered in Larkspur, California, with additional offices in downtown San Francisco. For more information on mFoundry, please visit http://www.mfoundry.com.

mFoundry Launches Mobile Banking Solution for Eli Lilly Federal Credit Union

June 7, 2012

mFoundry, North America’s largest mobile banking and payments provider, today announced Eli Lilly Federal Credit Union (ELFCU) has launched ELFCUmobile, a full-featured mobile banking solution that includes native mobile applications, mobile Web and SMS/text banking.

At more than $1 billion in assets, ELFCU is an Indianapolis, IN-based credit union serving more than 60,000 members. ELFCU wanted to offer a mobile channel to serve its membership nationwide, including a large, tech-savvy user base that relies on remote access to manage their accounts. Forty percent of members use the credit union’s eBranch versus a physical ELFCU branch.

ELFCU began its search for a mobile banking vendor more than a year ago. It was important to the credit union to find a solution that offered not only the standard mobile banking features members wanted, such as apps and remote deposit, but also a flexible platform that would allow for easily adding new features and functionality over time. ELFCU also required integration with its new Open Solutions core.

“After a thorough evaluation of leading mobile banking vendors, our selection committee unanimously selected mFoundry as the best option to meet our members’ mobile banking needs,” said Tim Greene, AVP of eCommerce. “mFoundry provided a direct integration to our core system, allowing all members to enroll in mobile banking. mFoundry’s hosted solution also gave us comfort with scaling the solution and adding new features with little to no disruption of our members’ banking activity.”

mFoundry’s mBanking solution is built on a flexible, fully-hosted architecture that enables customers to quickly deploy and scale their mobile banking solution across the membership base. The mFoundry cloud-based mobile banking solution is the leading offering in the U.S., currently the choice of more than 675 financial institutions, including 1/3 of the top 50 U.S. banks and credit unions. Nearly 10MM users rely on mFoundry’s Mobile Financial Services Network to complete mobile banking transactions on a daily basis.

“mFoundry serves banks and credit unions of all sizes,” said Drew Sievers, Co-Founder and CEO of mFoundry. “ELFCU is a perfect example of how a credit union can leverage the mobile channel to serve remote members more effectively. ELFCU can now provide members with a wide range of banking services, such as account management, mobile deposit or two-way text alerts, to manage their banking relationship from virtually any device. With the large percentage of ELFCU members that rely on remote access, mobile is sure to become the most popular channel for members in the months to come.”

After only a soft launch of the mobile solution in early May, the credit union has 1,101 unique users using ELFCUmobile with 780 using the app, 518 using Web banking, and 120 using text banking. Members have logged 6,726 sign-ons, of which 1,639 viewed account details/history and 440 completed remote deposit capture of checks via photo (statistics current as of May 31, 2012).

ELFCUmobile features native mobile banking applications for Apple iOS, Google Android and RIM BlackBerry devices. ELFCU also supports mobile remote deposit capture for its smartphone users; members simply take a photo of a check and deposit it via their device.

In addition to native application support, ELFCUmobile supports HTML5 mobile Web and SMS/text banking, including two-way alerts enabling members to customize their mobile banking experience based on their preferred method of connectivity. Popular features of ELFCUmobile include account balance monitoring, transfers between credit union accounts, and branch and ATM searches using built-in maps or GPS.

“The response from members has been incredibly positive so far,” said Greene. “We are pleased with the launch of ELFCUmobile, and we expect adoption to continue to outpace projections throughout 2012, as more members discover the advantages of conducting daily banking activities via the convenience of a mobile device.”

To learn more about ELFCU’s mobile banking solutions, visit elfcu.org/elfcumobile.

About Eli Lilly Federal Credit Union

Eli Lilly Federal Credit Union is a full-service financial institution providing products and services to more than 60,000 members in 50 states and 39 foreign countries. ELFCU and At Work Financial Services, with more than $1 billion in assets, serve the employees, retirees, and contract employees of Eli Lilly and Company and other select employee groups, as well as their families. Based in Indianapolis, Indiana, ELFCU was established in 1930 during the Great Depression. For more information, visit elfcu.org.

About mFoundry

mFoundry is North America’s largest provider of mobile banking and payments services, currently the choice of more than 675 banks and credit unions nationwide. mFoundry’s mBanking product is the leading software-as-a-service (SaaS), cloud-based mobile banking offering in the market today, used by nearly 10MM users. mFoundry’s mobile banking customers include 1/3 of the top 50 financial institutions in the U.S., including Bank of America, PNC Bank and Zions Bank.

In addition to its mobile banking experience, mFoundry has established itself as a leader in mobile payments, through its work with retailers like Starbucks Coffee Company. mFoundry developed and manages Starbucks Card Mobile program, the most successful mobile payments program to date, currently used in more than 6,800 stores nationwide.

mFoundry was founded in 2004 by Drew Sievers and Rodney Aiglstorfer. The company is headquartered in Larkspur, California, with additional offices in downtown San Francisco. For more information on mFoundry, please visit http://www.mfoundry.com.