mFoundry makes top 10 among tech companies in Bank Technology News

mFoundry makes top 10 among tech companies in Bank Technology News
Tags: Mobile Banking, North America
December 13, 2009

MFoundry has been selected by Bank Technology News as a leading company in the technology innovation space.

According to a news release from mFoundry, the company was named in Bank Technology News' 8th Annual Innovator Awards ranking. Each year the awards, which this year were announced in December, rank companies and individuals deemed to be the most innovative. This marks the third consecutive year that mFoundry has been named to BTN's list.

MFoundry's work with Starbucks caught the publication's attention this year. MFoundry produced an innovative mobile payment solution for Starbucks' gift-card holders. Deployed nationally, the solution allows Starbucks customers to load multiple cards, check their balances and past transactions, and reload. 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.

The recognition from Bank Technology is an honor for the company, says Drew Sievers, mFoundry's chief executive and co-founder:

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 United States , mFoundry continues to build its position in mobile financial services. The mFoundry platform is available to U.S. financial institutions via partnerships with FIS, NCR Corp., PSCU Financial Services and Co-Op Financial Services.