PSCU Financial Services to Offer Mobile Banking

Cooperative Adopts mFoundry’s Mobile Platform to Help Credit Unions Build Membership, Attract Gen Y

St. Petersburg, FL, January 8, 2008 – PSCU Financial Services, the nation’s largest credit union service organization (CUSO), announced today that it is adopting mFoundry’s award-winning mobile financial platform to deliver mobile banking and payment services to credit unions and their membership. This service is expected to be available in the second quarter of 2008.

Mobile banking provides capabilities that save time and add convenience, including:

Real-time, on demand access to checking, savings and credit card information
Secure access to balances
Comprehensive search and retrieval of account transaction history; and
Ability to transfer money between accounts and to retrieve and pay bills.

The cooperative selected mFoundry’s platform because it offers flexible, easy-to-use features and broad device support to satisfy the needs of credit unions and their members. mFoundry’s Spotlight Financial Platform enables a wide array of features and functionality and the ability to customize solutions based on member needs.

PSCU Financial Services will leverage its relationships with Digital Dialogue, First Data Corporation, CheckFree, eFunds Prepaid Services and core data processors to develop and deploy a cost-effective, secure mobile banking application that is backed by excellent service.

“We are in a unique position to offer a mobile commerce platform that uses state-of-the-art technology along with interoperable payment systems to create a robust solution for our member-owner credit unions,” said David J. Serlo, President and CEO, PSCU Financial Services. “Our mobile banking solution will support multiple technologies and devices to equip credit unions to attract new members, appeal to the needs of Gen Y, increase member satisfaction and retention and showcase brand differentiation for our credit unions.”

“PSCU Financial Services is the credit union industry leader in providing best-of-class products to members,” said Drew Sievers, CEO and co-founder of mFoundry. “PSCU has a long, successful history of deploying products and services that help credit unions grow in their marketplace. We are delighted to work with the cooperative and deploy our mobile platform for use by their member-owners.”

PSCU Financial Services’ IT staff will have the ability to customize the branding of the application, allowing each credit union to select features and functionality that match the unique needs of their members.

About mFoundry

mFoundry is an award-winning mobile application platform provider. mFoundry's Spotlight Financial Platform offers a complete financial services solution for financial institutions, wireless carriers and their customers. Spotlight incorporates mFoundry's leading mobile banking and payments product into the platform and has been adopted by some of the largest banks and carriers in the U.S. mFoundry is based in Sausalito, California, and has been recognized as one of "10 Emerging Wireless Players to Watch" by IDC and one of "Ten Tech Companies to Watch" by Bank Technology News. For more information, please visit www.mfoundry.com.

About PSCU Financial Services

Based in St. Petersburg, Florida, PSCU Financial Services is the nation's largest credit union service organization (CUSO) and serves more than 1,100 financial institutions nationwide. As a non-profit cooperative, the company is owned by more than 500 member credit unions representing over 11 million cardholder accounts and more than 470,000 online bill payment subscribers. Its Contact Center handles more than 12 million inquiries a year. PSCU Financial Services maintains an Eastern operations center in St. Petersburg, Florida, and a Western operations center based in Phoenix, Arizona. The cooperative’s wholly owned subsidiary, Digital Dialogue, operates two 24/7 call centers in Detroit, Mich., that specialize in member services, new member acquisition, cross-selling and automated lending solutions.

Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid bill payment and contact center solutions. PSCU Financial Services uniquely offers its members a full range of processing options, any combination from full service to in-house pass through processing for credit, debit and ATM transactions. As the leader in the credit union industry, the company offers gateway access to national and regional networks. It also provides full function ATM terminal driving services. For more information, visit the company's Web site at www.pscufs.com.

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