mFoundry April 12 announced that Conestoga Bank has successfully deployed its mBanking SaaS-based, cloud-based, mobile banking solution. With the new mobile banking solution, Conestoga Bank is able to provide customers with a suite of mobile banking services that includes three platforms, a smartphone app, a mobile Web service, and an SMS/text banking service. These options will enable Conestoga’s users to do their banking from a wide range of mobile devices. “Our mobile banking service is all about convenience,” said Lori Adamski, COO of Conestoga Bank. “Making banking more convenient and available on all the platforms our customers are using makes sense as the mobile channel continues to evolve. We're pleased to be able to offer technology such as this to serve our customers better.” Additionally, the bank rolled out mobile deposit features that enable smartphone users to take a picture of a check and deposit it into their accounts without having to go into the branch. “The response to our mobile banking offering has been significant to date,” said Adamski. “Since rolling out mobile banking, we’ve seen demand continue to strengthen as our users look to interact with us through the convenience of their preferred mobile devices. We expect adoption of mobile banking to grow even faster as more of our customers discover the convenience of the mobile channel.” Drew Sievers, Co-Founder and CEO of mFoundry, said, “It’s common for us to see greater than 20 percent adoption of an FI’s online banking customer base within six months of launch. While these numbers vary from one institution to the next, our team works closely with FIs like Conestoga to ensure they’re leveraging the full extent of our adoption best practices to reach their unique adoption goals.”

(mFoundry, , www.mfoundry.com; Conestoga Bank, , www.conestogabank.com.)


Wyse Technology, a provider of cloud client computing, April 10 announced that the Bank of Tokyo-Mitsubishi UFJ (BTMU) has nearly completed its deployment of Wyse cloud client computing solutions. The deployment of 50,000 Wyse devices is part of a VDI implementation designed to protect the bank and its customers against critical information leakage while also streamlining processes and workflow. Wyse cloud client computing solutions were chosen to meet the challenging requirements of one of the largest financial institutions in Japan. The implementation is due to be completed later this year and will replace 90 percent of the bank’s existing legacy PCs with Wyse desktop and mobile thin clients. BTMU, the core business of Mitsubishi UFJ Financial Group, in 2008 began a massive systems integration project when it began to examine how to further strengthen information security within the bank’s office automation environment. At the time, the bank was experiencing massive worsening security issues such as information leakage and spillage issues caused by malware, computer viruses and worms. This became an urgent issue for the Systems Division, which deals with the bank’s computer servers and business data management. After examining various approaches, the Systems Division concluded it needed to introduce a Virtual Desktop Infrastructure (VDI) based on Wyse Cloud Client Computing. BTMU’s requirements were the elimination of the risks of security breaches by malware, mobile desktop hardware designed for VDI, excellent usability with low cost, and reliable and durable hardware. The Wyse devices provided a complete solution for all of these requirements. “The Wyse devices met all our requirements and passed our extensive testing process,” said Mizuhiko Tokunaga, senior manager of the Systems Division of BTMU. “In particular, the deciding points were the technological edge of their unique software, ‘Wyse ThinOS,’ their specialization in VDI, and the sense of trust we felt toward Wyse as a company.”

(Wyse Technology, 408-473-1200, www.wyse.com.)

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DigitalMailer, Inc., an electronic document provider, April 11 announced the release of My Virtual StrongBox, its newest Software-as-a-Service offering that allows customers to place documents into their trusted financial partner’s online document library. The company also announced that Northwest Federal Credit Union will be the first financial institution to offer the product. My Virtual StrongBox allows customers to load important documents such as wills, insurance and other important papers into their bank’s protected document library using the same secure document technology financial institutions now use to deliver online statements, notices and tax documents. The product online capabilities include easy and accessible permission-based retrieval is equipped with initial strongbox storage sizes designed for individual and small businesses, but additional space can be purchased if needed. Users can customize folders to aggregate documents and share them as necessary. For example, a customer can retrieve a copy of a will via a smartphone while sitting at an attorney’s office. Herndon, Va.-based Northwest Federal Credit Union, a 110,000-member credit union, as the first bank to offer My Virtual StrongBox, has already contracted for the service and set up virtual strongboxes for all of its 68,000 electronic statement users. “Our goal is to become our members’ lifetime financial partner, and we believe that offering them My Virtual StrongBox provides a unique value-add service,” said Greg Gibson, COO of Northwest Federal. “Helping our members organize their financial lives all under one roof is exactly what a financial partner should do.” DigitalMailer designed the SaaS solution as a real depository, rather than a temporary storage drop or transfer station. It’s available as a stand-alone product or integrated into DigitalMailer’s Electronic Document Management System. The service can be private-labeled and is adaptable to financial institutions, insurance companies, and wealth management and financial services firms. Additional information on My Virtual StrongBox can be found on the company’s website.

(DigitalMailer, Inc., 866-994-4900, www.digitalmailer.com.)

BillingTree, one of the nation's leading on-demand payment processors, April 10 announced the integration of their payment services with Debt Resolve, Inc.'s DR Collect. DR Collect enables creditor clients to settle and collect delinquent consumer debts via the Internet in a non-confrontational and resolution-flexible method. BillingTree now supports DR Collect with a full web service integration supplying access to payment gateways including ACH, Debit and Credit. DR Collect bundles DR Settle and certain elements of DR Prevent along with significant automation to eliminate most of the integration process for customers.  DR Collect clients are typically up and running in only 7-30 days depending on the degree of customization. BillingTree is now available as an option for all payment processing related features within DR Collect. BillingTree’s software-as-a-service (SaaS) model delivers payment solutions, proven integration, and point-and-click simplicity. 

(Contact: Dave Yohe, Corporate Marketing, BillingTree, 602/443-5948, dave@mybillingtree.com)

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