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Firethorn Partners With Synovus for Mobile Banking Technology

Tags » Firethorn, Mobile Banking, Mobile Payments

Firethorn Holdings has announced an agreement with Synovus to offer its mobile technology solution to the financial services company's customers by the end of second quarter 2007. Synovus will be one of the first financial institutions in the country to offer the Firethorn application.

Leveraging Firethorn's mobile technology solution, Synovus customers will have the ability to check account balances, transfer funds and view and pay bills from one seamless platform via cell phones or other mobile devices. Initially, Synovus will offer the mobile banking service to a subset of its customer base with a broader rollout planned for later in the year.

"Moving to mobile financial services is a strategic decision for us," stated Synovus Senior Director of Innovative Solutions Lisa White. "With more than 219 million cell phones in the United States today, consumers are beginning to view their cell phone as more than a communication device. And, with financial information among the most valuable content to a consumer, banking on the phone is the next logical step -- and Synovus is on the leading edge."

Firethorn Chairman and Chief Executive Officer Tripp Rackley stated, "Firethorn is unique because we bring together the financial institutions and wireless operators to provide consumers with their critical banking information where they want it and when they want it." Rackley added, "Firethorn enables financial institutions to seamlessly deliver on-the-go banking convenience to their customers, a strategic advantage in today's highly competitive marketplace."

The Firethorn solution allows consumers to perform banking and payments on their mobile devices without having to change financial institutions or adopt new payment methods.


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