June 2, 2009, Redwood City and Sausalito, CA — Clickatell, the world’s leading global messaging company, today announced that Clickatell’s SMS messaging and gateway services will be used by mFoundry to enable Text Banking message delivery for mFoundry’s three-mode mBanking product. mFoundry offers the most complete solution in the market with integrated SMS, WAP, and mobile applications including native support for iPhone and iPod Touch. Clickatell’s carrier grade mobile messaging service, which currently supports over 8,300 customers, will provide Text Banking SMS messaging delivery for mFoundry’s mBanking product.

Jacob Jegher, senior analyst in Celent’s Banking Group, commented, “It is a very exciting time in mobile banking. Soon, people around the world will be using their mobile phone in place of their wallet.

We’re already seeing many forms of text banking--including SMS receipts, mobile alerts, money transfers, balance checks, and more--in the US and especially in other regions where people have become accustomed to banking anywhere, anytime.”

“SMS plays an essential role in delivering compelling mobile banking services across every segment of interest to financial institutions everywhere,” said Pieter de Villiers, CEO of Clickatell.  “In our experience, mobile text banking sets a new standard of customer convenience and value by leveraging the popularity of text messaging to reach and improve the financial lives of the masses.  We are proud to work with mFoundry, a company that continues to lead and guide this fast moving mobile banking market.”

“Clickatell was the only messaging company in the space that started specifically to deliver enterprise level solutions, which ensures banks the highest reliability and security as well as the lowest latency possible. In fact, they have the highest deliverability rate in the industry," said mFoundry CEO and co-founder, Drew Sievers. "Clickatell offers access to more than twice the carrier connections of the nearest competitor, which gives our regional and community bank customers a higher level of coverage than any other text banking provider.”

Clickatell offers a complete enterprise messaging solution including a robust messaging platform and global messaging delivery. Clickatell was recently awarded “2009 Cool Vendor in Mobile and Wireless” by a leading analyst firm and was also acknowledged as “Best Value Product” from Mobile industry Review. Clickatell's commitment to the financial services industry has resulted in major global wins with customers such as FNB, Standard Bank, Moneybookers, RSA, the Security Division of EMC, New Heights, and Fortis Micro Finance Banks, Metropolitan Insurance, S1 Corporation, Postilion, and more.