Firethorn of Qualcomm and BECU steadfast to introduce Firethorn mobile wallet application

Firethorn Holdings LLC, the well-known mobile commerce subsidiary of Qualcomm Incorporated, the acclaimed developer and innovator of advanced wireless technologies and data solutions, in the recent days announced of adding BECU to its assortment of far famed financial institution customers. It is to be noted that BECU (erstwhile known as Boeing Employees' Credit Union) happens to be the fourth largest credit union in the nation, and, as part of its desire to expand further, is planning with full concentration on introducing the Firethorn mobile wallet application in the first quarter of 2009.

It has also been learnt, by means of a sturdy alliance with Firethorn that BECU will bring before its fellow members a number of novel opportunities. These include enabling the clientele to verify their account balances, transfer funds and also to both view and pay bill by means of their mobile devices. What is more there shall also be the inclusion of a greater number of service capabilities in the future like more advanced mobile transactions and mobile commerce.

It should be taken into consideration that BECU, consisting of more than 550,000 members and $8.3 billion in terms of assets, is the largest credit union in Washington state, and also one of the most highly praised financial cooperatives in the country. All around the region of Western Washington BECU has more than 45 branches and also in excess of 150 ATMs.

When being asked Howie Wu, Vice President of Virtual Banking at BECU said, “At BECU, our focus is always on the members and, in this case, letting members choose how they want to interact with us. By broadening our mobile strategy, we are better able to serve our members' needs and stay ahead of the curve in this ever-changing landscape. Our decision to enter into a strategic collaboration with Firethorn was grounded in the belief that they share our vision for mobile banking and mobile payments. In addition, Firethorn's recent acquisition by Qualcomm places them in a great position to help us ensure we are able to meet the future needs of our members in the mobile commerce space.”

On the other hand Firethorn is the favorite mobile commerce enabler of Qualcomm Incorporated and this gives BECU an edge of a proficient, frequently pre-loaded application, in addition to marketing expertise to drive adoption and continuous customer support.

Commenting on this Tripp Rackley, Firethorn's Chief Executive Officer told, “As the nation's fourth largest credit union, BECU is sending a message to credit unions across the nation that the future is mobile. Firethorn is proud to be collaborating with BECU to make mobile commerce a mainstream reality.”

Qualcomm Incorporated is a notable partaker, throughout the world, in the sphere of the development and delivery of new digital wireless communications products and services based on CDMA and other advanced technologies. The company operates throughout the world from its headquarter at San Diego, Calif., and is included in the S&P 500 Index. Apart from this, Qualcomm Incorporated is also a 2008 FORTUNE 500® company.