Sprint Customers Get Mobile Banking and PayPal in One Easy-to-Use Application on Sprint Phones

Business Editors/Telecommunications Writers

OVERLAND PARK, Kan.

--(BUSINESS WIRE)--

--Customers of

Sprint

(NYSE:S) can now conveniently access their bank accounts and, in an industry first with

PayPal

, send payments to friends and family from most Web-enabled

Sprint

phones * with the launch of MyMoneyManager. MyMoneyManager is an easy-to-use downloadable application that enables

Sprint

customers with

BB&T

,

Citibank

,

IBC Bank

and

PNC Bank

accounts to conduct banking functions right on their phones, including checking balances, paying bills and finding nearby branches and ATMs. MyMoneyManager also includes

PayPal

, making

Sprint

the first carrier to provide customers easy access to their

PayPal

accounts, allowing them to send money to almost anyone quickly via their

Sprint

phone.

MyMoneyManager is available at no additional charge to

Sprint

data subscribers, ** including those with the worry-free

Simply Everything SM Plan. In the future,

Sprint

plans to preload MyMoneyManager on phones and include additional banks and other financial service providers.

“With MyMoneyManager,

Sprint

customers can take advantage of the ultra-fast speed and usability of the Now Network for on-the-go access to their financial accounts that is secure and easy-to-use,” said

Len Barlik

, vice president of wireless and wireline services for

Sprint

. “Sprint is about simplicity, usability and real value. MyMoneyManager gives our customers a single mobile application that lets them use their

Sprint

phones to quickly access multiple financial providers, when and where they want.”

Banks

MyMoneyManager uses mFoundry’s mobile financial platform to enable full mobile banking, so customers can securely access account balances, view account transaction history, pay bills, transfer money and search for nearby ATM and branch locations.

Initially,

Sprint

customers with

BB&T

,

Citibank

,

IBC Bank

and

PNC Bank

accounts can conduct these banking functions.

Texas

-based

IBC Bank

is offering the industry’s first bilingual mobile banking application in both English and Spanish languages.

"

Citibank

is pleased to be a part of

Sprint's

MyMoneyManager service," said

Peter Knitzer

, Chairman and CEO of

Citibank North America

. "

Citibank

is committed to providing a superior customer experience, and

Sprint's

MyMoneyManager gives us the flexibility to tailor our mobile banking applications to meet our customers' needs."

Sprint

customers with

Citibank

checking or savings accounts can access those accounts, along with credit card accounts. MyMoneyManager allows

Sprint

customers to access their checking, savings and credit card accounts with

BB&T

,

IBC Bank

and

PNC Bank

.

PayPal

The PayPal Send Money feature on MyMoneyManager enables users to check their

PayPal

account balance and send money to almost anyone quickly and easily.

PayPal

is the leader in safe online payments with over 63 million active accounts in 190 markets around the world.

“We are excited to work with

Sprint

as the first carrier to market and distribute

PayPal

services on the mobile handset,” said

Menekse Gencer

, director of business development for PayPal Mobile. “By teaming with

Sprint

,

PayPal

allows its customers to quickly send money to their family and friends around the world.”

How to Access MyMoneyManager

MyMoneyManager is immediately available on most Web-enabled

Sprint

phones. To access,

Sprint

customers should go to

www.sprint.com/mymoneymanager

for download instructions for participating banks. Customers should then visit their bank’s Web site to register and begin the application download process.

MyMoneyManager is available at no additional charge to

Sprint

subscribers with a data pack or bundled voice plan that includes data, such as the

Simply Everything Plan, which offers unlimited domestic calling, messaging, email, Web surfing, GPS navigation, Sprint Music Premier, Sprint TV ® Premier, NFL Mobile Live, Sprint NASCAR Cup Mobile,

Direct Connect

and Group Connect on compatible phones.

Sprint's

MyMoneyManager application supports rich security features such as multi-factor authentication and the ability to deactivate the application remotely. In addition, all personal information is wiped from the application after each use.

MyMoneyManager is based on mFoundry’s ® Mobile Financial Platform, which enables mobile banking, peer-to-peer payments and brokerage. The platform provides a secure, extensible foundation that will enable

Sprint

to seamlessly add new components to MyMoneyManager in the future, such as stored value, international remittances, NFC/contactless payments, coupons and other mobile wallet solutions based on applications provided by mFoundry or third-party developers who use the mFoundry toolkit.

* MyMoneyManager is currently not available on phones that run on the Nextel National Network.

** Casual data usages charges of

per kilobyte apply to customers without a data subscription.

About

Sprint Nextel

Sprint Nextel

offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users.

Sprint Nextel

is widely recognized for developing, engineering and deploying innovative technologies, including two wireless networks serving nearly 52 million customers at the end of the second quarter 2008; industry-leading mobile data services; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. For more information, visit

www.sprint.com

.

Sprint Nextel

Emmy Anderson

, 913-707-0618

emmy.anderson@sprint.com

State Keywords:

Kansas

Industry Keywords: Technology; Internet; Networks; Telecommunications; Wireless; Professional Services; Banking

Source:

Sprint Nextel

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