mFoundry Captures Top Spot in Bank Technology News Ranking of the Top 10 Companies & Technologies of 2009
Receives Third Consecutive Year of Recognition From Leading Banking Publication

SAN FRANCISCO, CA - December 14, 2009 - Mobile financial services leader mFoundry announced today that it was selected by Bank Technology News (BTN) as the leading company in its 8th Annual Innovator Awards ranking. Each year the awards, which this year were announced in December, rank the companies and individuals that the publication deems most innovative. This marks the third consecutive year that mFoundry has been named to BTN’s prestigious list.

This year, it was mFoundry’s industry leading work with coffee giant Starbucks that provided the foundation for the award. Working closely with Starbucks, mFoundry produced an innovative mobile payment solution for the retailer’s gift card holders. Deployed nationally, the solution let customers load multiple cards, check their balances and past transactions, and reload the card with more value. Also, in 16 select stores in Silicon Valley and Seattle, customers could use their phones to actually pay at the point of sale leveraging mFoundry’s 2D barcode system.

“Being recognized once by Bank Technology News as an innovator is a huge honor for any company,” said Drew Sievers CEO and co-founder of mFoundry. “But being selected for three consecutive years is phenomenal, and a testament to how ripe the mobile and financial industries are for innovation. While we continue to add new features to our 3-mode mobile banking solution, it’s our work in payments that will ultimately have the most profound impact for our banking and retail customers.”

With more than sixty financial services customers, including four of the top five banks in the U.S., mFoundry continues to build upon its strong position of leadership in mobile financial services. The mFoundry Platform is available to U.S. financial institutions via partnerships with FIS (NYSE: FIS), NCR (NYSE: NCR), PSCU Financial Services and Co-Op Financial Services. The Platform is a tightly coupled three mode mobile banking and payments solution delivered as a managed service or on-premise.

“It’s critical that we offer our customers a multi-mode mobile solution that is fully integrated into our core technologies,” commented Kay Nichols, Executive Vice President of Channel Solutions at FIS. Earlier this year, FIS was awarded ABI’s top spot in their Mobile Banking Vendor Matrix. “mFoundry provides a critical foundation for us in mobility, while continuing to work closely with us to innovate new ways to deliver value to our customers.”

“As mobile banking takes its place as a standard offering for banks and credit unions, these financial institutions will expect their mobile partners to help them provide an extensible product roadmap to mobile payments,” said Bob Egan, Chief Analyst with the Tower Group. “Companies with longstanding cultures based on innovation will be best positioned to help their customers leverage the opportunities in mobility. “

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" and a three-time top “Innovator” by Bank Technology News.  For more information on mFoundry, please visit www.mfoundry.com.