A new Alltel Wallet on the platform of mFoundry

A new product will be introduced by Alltel Wireless on the platform from mFoundry as announced by the company. Using mFoundry’s extensible mobile wallet solution Alltel is 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.

With mFoundry's technology, which combines comprehensive mobile banking, mobile payments and mobile commerce capabilities, Alltel can plug in enhanced financial solutions and other advanced functionality from select third party developers. In addition, special modules incorporated into the mFoundry's mobile wallet platform enables peer-to-peer remittances and other payment services to help developers deploy new features quickly and easily.

The new Alltel Wallet is planned to debut in the following year. Meantime, Alltel Wireless introduced its new Alltel Mobile Banking, a free service giving its customers mobile access to accounts from many of the nation's leading financial institutions. Customers will be able to get access to those financial institutions as well as access to many other payment services.