PSCU Financial Services to offer mobile banking

ST. PETERSBURG, USA: PSCU Financial Services, the nation's largest credit union service organization (CUSO), announced today that it is adopting mFoundry's award-winning mobile financial platform to deliver mobile banking and payment services to credit unions and their membership. This service is expected to be available in the second quarter of 2008.

Mobile banking provides capabilities that save time and add convenience, including:

* Real-time, on demand access to checking, savings and credit card information

* Secure access to balances

* Comprehensive search and retrieval of account transaction history; and

* Ability to transfer money between accounts and to retrieve and pay bills

The cooperative selected mFoundry's platform because it offers flexible, easy-to-use features and broad device support to satisfy the needs of credit unions and their members. mFoundry's Spotlight Financial Platform enables a wide array of features and functionality and the ability to customize solutions based on member needs.

PSCU Financial Services will leverage its relationships with Digital Dialogue, First Data Corporation, CheckFree, eFunds Prepaid Services and core data processors to develop and deploy a cost-effective, secure mobile banking application that is backed by excellent service.

"We are in a unique position to offer a mobile commerce platform that uses state-of-the-art technology along with interoperable payment systems to create a robust solution for our member-owner credit unions," said David J. Serlo, President and CEO, PSCU Financial Services. "Our mobile banking solution will support multiple technologies and devices to equip credit unions to attract new members, appeal to the needs of Gen Y, increase member satisfaction and retention and showcase our industry's brand differentiation."

"PSCU Financial Services is the credit union industry leader in providing best-of-class products to members," said Drew Sievers, CEO and co-founder of mFoundry. "PSCU has a long, successful history of deploying products and services that help credit unions grow in their marketplace. We are delighted to work with the cooperative and deploy our mobile platform for use by their member-owners."

PSCU Financial Services' IT staff will have the ability to customize the branding of the application for the credit union, allowing each credit union to select features and functionality that match the unique needs of their members with the accessible data.

Source: mFoundry