January 23, 2007 - LAKE OSWEGO, OREGON. . .The Bank of Oswego, a locally owned and managed full service community bank located in Lake Oswego, Oregon and Tyfone Inc., a developer of next generation applications that enable secure banking and payments on mobile handsets, announced a partnership and implementation of Tyfone’s secure mobile financial services technology. Tyfone’s technology will enable The Bank of Oswego customers to use their mobile handsets for secure mobile banking and merchant programs and services.

“Tyfone’s mobile platform provides banks an opportunity to match their customers’ modern lifestyle of mobility and convenience,” says Tom Spitzer, CEO of Tyfone. “We are proud to partner with The Bank of Oswego to make the bank and merchant services accessible anytime, anywhere to their customers.”

The Bank of Oswego customers will receive from Tyfone select secure banking cards to insert in their mobile handsets. These memory card clones will enable the handsets to perform banking activities such as fund transfers, bill payments, and some point of sale transactions; all with greater security, convenience and mobility than online banking.

“Tyfone’s solution isn’t just about technology but is an advancement in customer service. It enables The Bank of Oswego to offer customers a new level of convenience and service by integrating banking into their daily lives, through their mobile phone,” says Dan Heine, CEO of The Bank of Oswego. “Tyfone’s solution also provides us the autonomy to determine how our customers want to use their handsets, how to best reach out to them, and how to provide services when they’re needed.”

Tyfone’s solution links a bank’s core systems with existing mobile communications infrastructure through multi-layered security protocols. Customers receive bank-branded memory card clones for their phones that enable secure, mobile financial banking and payments. Tyfone’s card enables dynamic access between merchants and customers to deliver customized services and programs directly to the customer’s mobile phone. Retailers and merchants sign up online to be a part of the bank’s mobile system, and have no need to install new technology or equipment.

A developer of next generation solutions for mobile handsets, Tyfone was founded in 2004 by a core team of financial services industry leaders and technology development experts. Tyfone USA is headquartered in Portland, Oregon, with Asia-Pacific headquarters in Bangalore, India. Manufacturing is outsourced to Taiwan. For more information, visit

The Bank of Oswego, a locally owned and managed full service bank, is located in Lake View Village, at the intersection of A and State in downtown Lake Oswego. Lobby banking hours are 9:00 a.m. to 5:00 p.m. Monday through Friday, and at other times by appointment. Ample reserved parking is available in the Lake View Village parking garage. The Bank of Oswego serves businesses, individuals, entrepreneurs, women in business, and the mature market through: complete lending and deposit services; a mobile branch courier service; on-line banking; complimentary ATM usage; complimentary access to a “Community Room” for meetings; and an “At Your Service” concierge, who will provide expertise on local attractions, information about local events, and assistance with special arrangements. The Bank of Oswego has recently opened a full-service facility, including a drive-in and ATM, located at Kruse Way and Boones Ferry Road in the Mercantile Village, in Lake Oswego, Oregon.


Dan Heine, President & CEO 503.445.3121