MFoundry, the fastest-growing mobile banking company in the U.S., today announced Columbia Credit Union, based in Vancouver, Washington, is the latest credit union to deploy mBanking, mFoundry's SaaS-based mobile banking platform.
The new Columbia CU Mobile offering leverages mFoundry's multi-mode mobile banking solution, providing Columbia Credit Union members with mobile Web, mobile apps and text banking options. Columbia CU's mobile banking applications include versions for Apple iPhone, Google Android and RIM BlackBerry devices.
"With Columbia CU Mobile, we wanted to provide another touch point for our members, making it easier for them to do business with us," said Steve Kenny, CEO, Columbia Credit Union. "Our members now have the convenience of being able to access their accounts 24/7 through the mobile mode they find most compelling."
Columbia CU Mobile lets members check their account balances and transaction history, transfer funds, pay bills and locate branches and ATMs, all from their mobile device.
"When we looked for a mobile banking partner that could help us serve our members better, we wanted a provider that could credibly deliver all three modes - Web, apps and SMS - but also had experience working with our other technology partners," said Jen Shefner, Assistant Vice President, E-Commerce, and the mobile banking project lead for Columbia Credit Union. "We selected mFoundry for its long history of success working with credit unions and its innovative platform, which will allow Columbia CU to add new technologies in the future."
"Columbia CU is one of the most innovative credit unions in the U.S.," said Drew Sievers, CEO of mFoundry. "They have a strong commitment to staying ahead of the technology curve to provide services to enhance the lives of their members, both in terms of convenience and improved management of their finances on the go. We look forward to helping them continue to enhance the mobile banking experience for their members with features like mobile deposit or mobile alerts."
mFoundry has extensive experience serving credit unions with mobile banking solutions, counting 425 financial institutions as clients including more than 150 credit unions. Through its direct relationships with credit unions, and its strategic partnerships with organizations like CO-OP Financial Services, Open Solutions, and COCC, mFoundry has made a firm commitment to supporting the unique needs that credit union members have for mobile banking solutions.
"After one week, 6.6% of our online banking users had already registered, and adoption continues to grow as word gets out," added Shefner "That's a phenomenal response considering our six month goal of 8%. Since we anticipated a strong demand, it was imperative to quickly provide a top-notch solution. mFoundry helped us implement in approximately four months."