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PayPal, mFoundry bring mobile banking to Sprint cell phones Bernard Cole Overland Park, Kan. – With services provided by mFoundry and PayPal, users of Sprint mobile phones will be able to access their bank accounts and send payments to personal and business accounts. Called MyMoneyManager, the services will be made available by a 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 Simply Everything Plan. In the future, Sprint plans to preload MyMoneyManager on phones and include additional banks and other financial service providers. According to Len Barlik, vice president of wireless and wireline services for Sprint, 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. PayPal's Send Money feature on MyMoneyManager enables users to check their PayPal account balance and send money to almost anyone quickly and easily. To access, Sprint users will have to go to www.sprint.com/mymoneymanager for download instructions for participating banks. MyMoneyManager is available at no additional charge to Sprint subscribers with a data pack or bundled voice plan that includes data, such as the $99.99 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. 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. To learn more, go to , www.sprint.com and www.mfoundry.com. For more information about topics, issues and technologies mentioned in this story go to the flashing icon in the upper left corner on any page or go to the iAppliance Web Views page and call up the associatively-linked Java/XML-based Web map of the iApplianceWeb site. |
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