Deposit checks on your phone
Company: MFoundry
Location: Larkspur, Calif.
Founded: 2004
As consumers spend more and more time with their smartphones, they're increasingly looking to use them as their wallet, relying on apps to pay bills, transfer money and check account balances.
MFoundry builds those apps, selling a white-label system used by more than 200 banks and credit unions supporting more than 1 million users.
The system has some advanced features, allowing users to text their bank to find out their account balances and pay bills through an easy-to-navigate mobile interface.
Plus, you don't have to trek to the bank when you need to deposit a check. Simply take a photo of the check and voila, it instantly shows up in your account.
MFoundry customers include Bank of America, Citi and PNC Bank.
NEXT: Making your bank suck less
Last updated October 13 2010: 7:19 PM ET
