First Data, Star deal gives m-banking a boost

First Data, Star deal gives m-banking a boost
Tags: Bank / Credit Union, EFT Networks, North America, Other, Public Companies
August 22, 2007

Digital Transactions: Extending its reach into emerging mobile-banking and payments markets, First Data Corp. announced a deal with mFoundry Inc. that will allow First Data to offer mFoundry services to bank and credit-union members of its Star EFT network. The deal marks the second of its kind for the Sausalito, Calif.-based startup, which already has a deal with Citigroup Inc.'s Citibank for mobile-banking software. As part of this newest deal, First Data will sell and host various services for mobile devices available on what mFoundry calls its Spotlight Financial Platform.