mFoundry Launches Mobile Banking Solution for Nassau Financial

SAN FRANCISCO, Aug. 29, 2011 /PRNewswire/ -- mFoundry, the fastest-growing mobile banking company in the U.S., today announced Nassau Financial Federal Credit Union of Westbury, New York (Nassau Financial) has launched Mobile-24, its new mobile banking service powered by mFoundry's mBanking mobile banking solution.

Mobile-24 is a multi-mode mobile banking solution that includes mobile Web, native mobile apps and SMS/text banking. Nassau Financial has seen strong demand for Mobile-24 since launch, with members already using one or more modes on a regular basis.

"We're always looking for ways to improve our members' banking experience," said Frank Cordano, CEO of Nassau Financial, "and Mobile-24 allows our members to access their accounts at their convenience, using the mode and device that works best for them."

With Nassau Financial's Mobile-24, members can check their account balances, review transaction history, transfer funds, pay bills, and find the nearest surcharge-free ATM and shared branch locations.

"Financial institutions of all sizes are embracing the benefits of mobile banking," said Drew Sievers, co-founder and CEO of mFoundry. "As data-connected mobile phones continue to dominate sales within the U.S. market, consumers expect their bank or credit union to offer a compelling, rich service. Our partnership with Nassau Financial means that they are now able to deliver an industry leading mobile banking offering to their 30,000 members."

Nassau Financial selected mFoundry for the sophistication of the mBanking solution – a SaaS (software as a service) mobile banking solution that includes mobile apps, mobile Web and text/SMS modes.

"We wanted to work with a provider who seamlessly offers all three modes," adds Christopher Penna, Chief Operating Officer of Nassau Financial. "mFoundry also had the most promising product roadmap offering new features consistent with our strategic plan."

For more information about Nassau Financial's Mobile-24 mobile banking solution, please visit: http://www.nassaufinancial.org/home/convenience/mobile.

About Nassau Financial

Founded in 1936, Nassau Financial Federal Credit Union was proud to celebrate its 75th Anniversary on May 23, 2011 as Long Island's oldest federally chartered credit union. Nassau Financial, based in Westbury, New York, is a not-for-profit financial cooperative with $368 million in assets and more than 10 percent capital serving more than 30,000 members.

Nassau Financial is community chartered, serving everyone who lives, works, worships, volunteers or attends school in Nassau County, as well as members of their immediate family or household. Branch locations include Oceanside, Garden City, East Meadow and Syosset with over 4,000 additional offices available through the Credit Union Service Center network.

Nassau Financial also provides its members no-surcharge ATM access at over 28,000 locations throughout LI, the US and the world. Nassau Financial deposits are federally insured up to $250,000 and they offer savings and IRAs; free checking products including Early Pay with Direct Deposit; consumer loans and lines of credit; home financing; electronic and other convenience services including online banking and Call-24 telephone banking; Mobile-24 mobile banking; free financial planning and counseling; and educational seminars. Follow Nassau Financial on Facebook and twitter and on the web at www.NassauFinancial.org.

About mFoundry

mFoundry is the most popular mobile banking solution in the U.S., currently the choice of nearly 500 banks and credit unions nationwide. mFoundry's mBanking product is the leading software-as-a-service (SaaS) based mobile banking solution in the market today.

mFoundry was founded in 2004 by Drew Sievers and Rodney Aiglstorfer. The company is headquartered in Larkspur, California, with additional offices in downtown San Francisco. For more information on mFoundry, please visit http://www.mfoundry.com.

SOURCE mFoundry