FonWallet Exiting Stealth Mode, Entering Production

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FonWallet Transaction Solutions enables m-commerce. Your cell phone is the new secure currency for credit, debit, and all other payment methods.

was to develop the first cohesive m-based platform capable of delivering any transaction uniformly across all four payment interfaces (m-commerce, e-commerce, h-commerce and point-of-sale). This gives FonWallet users a very simple, convenient, and identical purchasing experience while adding greater account security, single-step checkout, and positive customer identification.

FonWallet Transaction Solutions, Inc. (http://www.fonwallet.com), provider of m-based transaction solutions for the card issuer, wireless carrier and banking industries, today announced the end of what company founder and CIO, Todd Coulter, refers to as their "stealth" phase.

"Our goal," says Coulter, "was to develop the first cohesive m-based platform capable of delivering any transaction uniformly across all four payment interfaces (m-commerce, e-commerce, h-commerce and point-of-sale). This gives FonWallet users a very simple, convenient, and identical purchasing experience while adding greater account security, single-step checkout, and positive customer identification." With FonWallet, consumers will be able to finally leave their wallet at home and conveniently and confidently make purchases using a cell phone.

In the past two years, FonWallet contacted 50 of the leading transaction-based companies and began establishing relationships with each. With the pilot phase now successfully complete, FonWallet has begun moving towards full production.

"What we've developed," says Gary Mortensen, President, "is the first-to-market platform allowing users to easily make secure transactions with any payment method from their mobile device while delivering direct benefits for banks, mobile carriers, card issuers, merchants and cardholders. We can measurably reduce complexities, cost and the possibility of fraud throughout the entire payment transaction chain."

FonWallet's methodology and unique design works uniformly across all payment interfaces and is not limited solely to card-based transactions but can handle any type of payment and transaction application including ACH, Bill Pay, Checks, Insurance, Health Payments, and any other transaction method. "This capability is significant and allows our partners to aggressively attack a broad range of markets with a single unified solution," says Coulter.    

About FonWallet
FonWallet Transaction Solutions, Inc. provides m-based transaction solutions for the credit card, carrier and banking industries. Founded in 2006, the FonWallet solution is built to drive value, security and benefits to the entire transaction chain. More information about FonWallet is available at http://www.fonwallet.com. Please direct media inquiries to Patrick Carmody at 503-784-0300.

FonWallet is a registered trademark of FonWallet Transaction Solutions, Inc. The company is headquartered in Portland, Oregon.

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