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."