ACI and mFoundy Team Up for Mobile Banking

Payments solutions provider ACI Worldwide and mFoundry, makers of mobile banking solutions, will create a joint m-banking application. ACI will use mFoundry's Spotlight Financial platform to offer mobile banking capabilities to users of its online business and consumer banking software. The mobile banking solution will integrate mFoundry's downloadable application software with ACI Enterprise Banker, ACI's online banking system.

According to the companies, this solution will provide a direct link between users' handheld devices, their mobile communications carrier and the Enterprise Banker platform. ACI and mFoundry plan to develop business user access to additional applications for alerts of time-critical transactions and notification and release of transactions awaiting approval. Future mobile banking initiatives will include mobile remittance to allow users to transfer funds globally in a variety of currencies via their handset.