SAN FRANCISCO, Calif. – Alltel Wireless said it is partnering with mFoundry’s extensible mobile wallet platform to create the “Alltel Wallet.”
The Alltel Wallet initially will provide access to a consolidated mobile banking experience, providing its users access to a large variety of U.S. financial institutions, the companies said. mFoundry’s technology, which combines mobile banking, mobile payments and mobile commerce capabilities, will provide Alltel the platform to plug in enhanced financial solutions and other advanced functionality from select third party developers.
“Recent research has shown that early adopter consumers are willing to switch mobile carriers to gain access to mobile payments solutions,” said Drew Sievers, CEO and co-founder of mFoundry. “We are very pleased to team with Alltel in creating the Alltel Wallet and anticipate that this new application will help drive adoption of mobile financial solutions in the U.S.”
The Alltel Wallet will debut in early 2009. Alltel Wireless recently launched Alltel Mobile Banking, a free service giving its customers mobile access to accounts from many of the nation’s leading financial institutions. The Alltel Wallet will provide one-stop access to those financial institutions as well as access to many other payment services.
