World Leader in Online Envelope Budgeting Announces Free Mvelopes® and Major Product Upgrades

SOUTH JORDAN, Utah, Jan. 3, 2012 /PRNewswire/ -- Finicity Corporation announced today a free product offering and major upgrade for the award winning Mvelopes® system, the world's leading online envelope budgeting application.

(Logo: http://photos.prnewswire.com/prnh/20110217/SF42383LOGO)  

"This is a very exciting day in the world of personal finance!" said Steven B. Smith, President and CEO of Finicity. "For nearly a decade, Mvelopes has been available on a paid subscription basis only. With millions of families struggling to live within their income and save for the future, a free online envelope budgeting solution is now available to help them create financial success."

With today's launch, customers now have a choice of using the fully functional free version of Mvelopes including free iPhone and Android apps, or upgrading to Mvelopes Premier. Upgrading to Mvelopes Premier allows access to features like integrated electronic bill pay, the Debt Center to help quickly pay down personal debt, transaction alerts and live chat support. Both versions of Mvelopes allow customers to connect to more than 15,000 banks, credit unions and other financial institutions to automatically gather transactions and account balances.

"As the industry's first online personal finance offering, Mvelopes is the most complete solution available for applying the principles of envelope budgeting," stated Tyler Park, Director of Product Management for Finicity. "Our mission is to develop and provide solutions that help individuals and families live debt free and become financially secure." 

According to a recent Chase Slate-U.S. News Consumer Monitor survey, four in ten people in the United States use the traditional envelope budgeting system with cash and paper envelopes.  Given the rapid move to a cashless society, having easy access to an online envelope budgeting solution is very important for these people as the paper envelope budgeting system becomes less applicable.  The free Mvelopes offering will help individuals and families nationwide understand the impact of every spending decision and save for future and periodic expenses—an important key to becoming and remaining debt free.

In addition to the launch of a free version, Mvelopes has undergone a significant upgrade including a more intuitive user interface and upgraded graphics with new reports and graphs to help customers better monitor their progress.  Mvelopes can be found at www.mvelopes.com.  

About Finicity

Finicity was founded in 1999 and is a leading Internet and mobile software services company specializing in personal financial productivity applications. Mvelopes, first released in 2002, is the leading personal envelope budgeting solution available today. Honors include: PC World 2006 World Class Award; Named one of "The 100 Best Products of Year" by PC World's editors; and Named one of "The 4 Best Money Managers" by Success Magazine. Envelope budgeting principles are used by millions of people throughout the world.  Finicity is online at www.mvelopes.com.

CONTACT:
Delilah De La Rosa
917-553-3279
[email protected]

David Hansen
801-984-4250
[email protected]

SOURCE Finicity Corporation