Banking technology firm COCC has formed a partnership with mFoundry, a provider of secure mobile banking and payment solutions, to deliver multi-mode mobile banking services.

The partnership between Avon, Conn.’s COCC and mFoundry ties into COCC’s .Net and Oracle-based core processing platform for real-time information and transaction processing. The integrated service, Mobile INSIGHT, will be offered with monthly fees waived for COCC’s core processing clients through 2012, according to a statement.

"We are telling our clients in the strongest possible terms that they should get involved with mobile banking now," said Richard A. Leone, COCC’s president and CEO. "As a technology co-operative, our mission extends well beyond providing the best integrated technologies for our clients. We are compelled to identify major trends in banking technology and to price the related products so that our clients can position themselves for future success"

Industry experts forecast that mobile banking transaction volumes will surpass online banking in the next few years. Mobile banking will also provide opportunities to reach consumers who have limited access to desktop computers and the increasing number who perform routine tasks solely on their mobile devices.

"Today’s partnership combines the power of mFoundry’s innovative mobile technology with COCC’s quality service delivery," said Drew Sievers, co-founder and CEO of mFoundry. "COCC is ideally positioned to help financial institutions of any size quickly develop and deploy multi-mode mobile banking solutions. With more than 300 financial institutions running our software, including two of the top five banks in the country, we have a unique level of experience that enables us to help financial institutions of all sizes launch successful mobile banking initiatives."