“The mobile phone is likely to be the basic bank account of the world by the next decade,” wrote Brett King in his new book, Bank 3.0. It appears that that transition will cost financial institutions less — to the chagrin of tech vendors. Sources tell Bank Innovation the price vendorsRead More
Post Tagged with: "mFoundry"
When the FIS acquisition of mFoundry was announced last week — along with ACI Worldwide’s acquisition of Online Resources — analysts nodded, not surprised. FIS already held a stake in mFoundry and re-sold its solution. The deal made sense for both sides. So we should expect more of this, right?Read More
Mobile banking platform provider mFoundry will be purchased by FIS for about $120 million, FIS announced today. FIS — officially Fidelity National Information Services — has a market capitalization of $10.81 billion and is one of the major financial services technology companies in the world. The news comes on the heelRead More
There are certainly a great deal of gloomy predictions regarding mobile-wallet adoption, but Jason Oxman, chief executive of the Electronic Transactions Association, a trade association of the payments industry, sees a bright future just around the corner. “We’re at the dawn of mobile wallet adoption by consumers, the point of inception,” Oxman said. “RightRead More
In forming banking technology partnerships, timing matters.
When Eli Lilly Federal Credit Union was readying to pick a mobile banking vendor more than three years ago, the Indianapolis-based institution was forced to put the project on hiatus so it could migrate from its Fiserv core banking solution to a core provided by Open Solutions.