US wireless network Alltel taps mFoundry for mobile wallet

US wireless network Alltel taps mFoundry for mobile wallet

Alltel Wireless is tapping technology from California-based mFoundry to launch a mobile wallet offering that will provide customers with access to a large pool of wireless banks.

The Alltel wallet - set to launch in early 2009 - will be based on mFoundry's Mojax technology, combining mobile banking, payments and commerce capabilities.

Alltel Wireless, the largest mobile network operator in the US, recently launched a free mobile banking service, giving its customers access to accounts from a variety of financial institutions. The firm says the new wallet will provide one-stop access to those banks as well as other payment services.

The extensible mFoundry platform also has pre-built modules for peer-to-peer remittances and other payment services, enabling third party developers to build and add new features quickly and easily, says the vendor.

Brian Stankiewicz, director, mobile financial solutions, Alltel Wireless, says: "We believe that mFoundry's platform enables Alltel to simplify and deliver a seamless experience to our customers, while providing access to a comprehensive set of financial services and content - all in one mobile location."

Research released by fintech vendor Fiserv in September shows growing interest in mobile banking amongst Americans. According to the study, around three quarters of US customers - 75% - would now consider using mobile banking services if offered, up from 49% in 2006.

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