November 30, 2008

Alltel Wireless (Little Rock, Ark.), will leverage the extensible mobile wallet platform from mFoundry (San Francisco) to create the Alltel Wallet, which will initially provide access to a consolidated mobile banking experience, providing customers with access to a wide variety of U.S. financial institutions.

mFoundry's technology, which combines comprehensive mobile banking, mobile payments and mobile commerce capabilities, will provide Alltel the necessary platform to plug in enhanced financial solutions and other advanced functionality from select third party developers. mFoundry's platform allows the Alltel Wallet to rapidly evolve by giving third party developers an ability to easily add modules to the wallet. mFoundry's mobile wallet platform has pre-built modules for peer-to-peer remittances and other payment services to help developers deploy new features quickly and easily, according to mFoundry.

The Alltel Wallet will debut in 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.