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Pennsylvania State Employees Credit Union Selects Firethorn for Mobile Banking Services

Mobile Banking Application and SMS Service Will Provide Additional Member Touch Points for PSECU

– December 16, 2009 – Firethorn Holdings, LLC, a Qualcomm company (Nasdaq: QCOM), today announced that Pennsylvania State Employees Credit Union (PSECU) has selected Firethorn's mobile banking services for its more than 365,000 members. PSECU has more than $3 billion in credit union assets.

“PSECU maintains a branchless business model so expanding into the mobile environment gives PSECU a new avenue to provide innovative and convenient services,” said Dave Vigil, senior vice president of Firethorn. “We look forward to helping PSECU grow and evolve its mobile strategy to better serve its members.”

In 2010, PSECU will offer Firethorn's mobile banking application and SMS service to its members. Using the Firethorn mobile banking service, as well as the PSECU-branded iPhone® application, members will be able to check their balances, pay their bills, transfer funds and see account histories, all from their mobile device. In addition to the mobile banking application, Firethorn's solution will provide PSECU members with SMS capabilities, giving them access to their financial account information through balance and transaction history requests.

“PSECU has provided superior service and valuable tools to its members for more than 75 years,” said Greg Smith, president of PSECU. “Our philosophy is not about having branches on every corner; it's about giving members account access where it's most convenient for them. We've found that our members like the added convenience of handling their finances online, and we know that Firethorn's mobile banking solutions will keep our members coming back to PSECU from their mobile devices.”

Firethorn's mobile banking application gives financial institutions a suite of mobile banking capabilities, enabling end-users to view account balances, check credit card balances, transfer funds among their bank accounts, and view and pay bills. The application also provides access to services such as loyalty programs, targeted offers and peer-to-peer payments.

About Firethorn
Firethorn Holdings, LLC, a Qualcomm company (Nasdaq: QCOM), is providing an important link in the emerging mobile commerce ecosystem. As a pioneer in mobile banking, Firethorn is transforming the traditional wallet into a streamlined, efficient and protected mobile revenue channel that will bridge relationships among financial institutions, retailers, wireless operators and consumers. Firethorn's innovative technology creates easily accessible, branded and personalized mobile commerce channels that give consumers access to their accounts, offers and transactions while on the go. For more information about Firethorn, please visit www.firethornmobile.com.

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