News

Fundtech, Firethorn partner for mobile cash management

August 5, 2008

JERSEY CITY, N.J. — Fundtech Ltd., provider of global-transaction banking solutions, and mobile-commerce enabler Firethorn Holdings LLC, have announced plans to add mobile connectivity to Fundtech's CASHplus cash-management system.

As demand for mobile financial services grows, financial institutions realize the untapped opportunities to remain competitive and increase customer loyalty through mobile commerce.

According to a news release, the effort will leverage Firethorn's mobile commerce platform, enabling CASHplus users to view account details, transfer funds and initiate bill payments.

Fundtech plans to fully integrate Firethorn's technology into the CASHplus system,.

The Firethorn application also provides multiple levels of security, including PIN authorization and lockout, which disables access if the phone is lost or stolen; data encryption; two-factor authentication; and security via the Secure Sockets Layer protocol.