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Beyond the Transaction: Every Transaction Has a Story

MasterCard and mFoundry’s Plan: Make Mobile Payments Available to More Consumers via their Banks

The headline says it all! Today at MasterCard we were pleased to share that we have signed a strategic partnership and made an investment in mFoundry, the leading mobile banking provider in the US market.

Simply put – both companies want to bring mobile payments to more consumers.  Whether paying for groceries or a cup of coffee – we want more consumers to have the ability to tap and pay for those items with their mobile phone. mFoundry provides mobile banking solutions for nearly 600 banks and credit unions.  By incorporating MasterCard’s PayPass technology with mFoundry’s mobile financial services platform, this partnership will ensure that mobile payments is accessible for more consumers through the banks and credit unions they currently use.

I chatted with Drew Sievers, mFoundry Co-founder and CEO and recorded our conversation. See what we had to say about how this collaboration will benefit consumers and banks.