mFoundry, a mobile banking company in the U.S., announced
Columbia Credit Union, based in Washington, is the latest credit union to
deploy mBanking, mFoundry’s SaaS-based mobile banking platform.
The new Columbia CU Mobile offering leverages mFoundry’s
multi-mode mobile banking
solution, providing Columbia Credit Union members with mobile Web,
mobile apps and text banking options. Columbia CU’s mobile banking applications
include versions for Apple iPhone, Google Android and RIM BlackBerry devices.
“With Columbia CU Mobile, we wanted to provide
another touch point for our members, making it easier for them to do business
with us,” said Steve Kenny, CEO, Columbia Credit Union.”Our members
now have the convenience of being able to access their accounts 24/7 through
the mobile mode they find most compelling.”
Columbia CU Mobile lets
members check their account balances and transaction history, transfer funds,
pay bills and locate branches and ATMs, all from their mobile device.
“When we looked for a mobile banking partner that
could help us serve our members better, we wanted a provider that could
credibly deliver all three modes – Web, apps and SMS – but also had experience
working with our other technology partners,” said Jen Shefner, assistant
vice president, E-Commerce, and the mobile banking project lead for Columbia
“Columbia CU is one of the most innovative credit
unions in the U.S.,” said Drew Sievers, CEO of mFoundry.
“They have a strong commitment to staying ahead of
the technology curve to provide services to enhance the lives of their members,
both in terms of convenience and improved management of their finances on the
go. We look forward to helping them continue to enhance the mobile banking
experience for their members with features like mobile deposit or mobile
alerts,” Sievers added.
extensive experience serving credit unions with mobile banking solutions,
counting 425 financial institutions as clients including more than 150 credit
Through its direct relationships with credit unions, and
its strategic partnerships with organizations like CO-OP Financial Services,
Open Solutions, and COCC, mFoundry has made a firm commitment to supporting the
unique needs that credit union members have for mobile banking solutions.
After one week, 6.6 percent of our online banking users
had already registered, and adoption continues to grow as word gets out. That’s
a phenomenal response considering our six month goal of 8 percent. Since we
anticipated a strong demand, it was imperative to provide a top-notch solution.
mFoundry helped us implement in approximately four months,” Shefner added.
By TelecomLead.com Team