Petra Financial and Acotelsa launch Mobile Banking in Spain and Latin America

London, UK, 16 September 2009---Petra Financial and Acotelsa, the leading financial services and telecommunications consultancy in Spain and Latin America, announce a deal to market Touchstone Mobile in Spain and Latin America, with focus on Mexico, and developing Latin American countries.

Petra Financial is a global software company developing solutions in payments and mobile banking. Petra Financial customers include HSBC, National Australia Group, ABSA, First National Bank and Mizuho.

Touchstone Mobile revolutionizes the interaction with banking services for customers with the Apple iPhone and iTouch; BlackBerry® Bold™ and BlackBerry® Curve™; and 3G and WiFi enabled phones. Users have in the palm of their hand the easiest, most intuitive, secure and functionally rich mobile banking application available today. Touchstone Mobile comes with an international payment validation that uniquely validates data at the point of initiation, reducing errors, and resulting in a fully routed STP transaction from a mobile device.

Acotelsa is Spain’s premier consulting, integration and services company, and an accredited SWIFT Business partner, operating in Spain, Portugal, Mexico, and Panama and with customers in many of the developing markets in Latin America. Acotelsa specializes in the financial services and telecommunications sectors.

Pedro Jose Aires, CEO of Acotelsa commented: “We have been very aware that in Spain and Latin America, there are many banks that address the needs of high net worth individuals; both dedicated Private Banks and Retail Banks with Private Banking divisions. These banks have been using browser and SMS based mobile applications, which have reached their limits with regards to the needs of sophisticated and wealthy clients. The opportunity to provide a very complete, intuitive, yet easy to use mobile banking application on smart-phones is exactly what the market needs.”

Aires continues, “We are delighted to be able to take Touchstone Mobile to these markets as it has both the design, innovation, sophistication, and yet simplicity to meet the needs of the market. With its credentials already established at global banks like HSBC, it is a great opportunity to take it to market in Spain and across Latin America where mobile banking is still under development.”

David Sinclair, CEO of Petra Financial said, “Touchstone Mobile is the perfect solution for C-level executives who have sophisticated needs, and are used to the best levels of service, speed, and performance; but want simplicity in managing their finances. Touchstone Mobile gives them a full financial services platform on their smart-phone such as the iPhone or BlackBerry® that is really easy to use, and will deliver what they need, when they need it, wherever they are.”

“We are really excited about working with Acotelsa in Spain and Latin America. Acotelsa has a reputation of delivering trusted solutions to the financial services and telecommunications sectors and this experience means that banks will get what we are proud to say is the best mobile banking technology that comes with the best implementation and support,” Sinclair added.

Enrique Clemente, Sales Manager for Spain, Latin America and the Middle East says, “I have been working with Acotelsa for some time on the opportunity for mobile banking solutions in Spain and the developing countries in Latin America. The older browser based solutions are just not capable of delivering sophisticated needs easily. Web browsers on mobiles are never easy to see and the screens are often badly designed. The partnership with Acotelsa will deliver to the market the next generation application today, with Acotelsa’s fantastic service.”