Tyfone Completes Beta Testing of Its Secure Memory Card for Mobile Contactless Payments/NFC Rollout

Manufacturing Milestones and Twenty-One Completed Beta Tests Point to Dramatic
Acceleration of Worldwide Mobile Payments Adoption
PORTLAND, Ore.--(Business Wire)--
Tyfone, a global provider of mobile financial services infrastructure, today
announced it has completed the Beta Testing phase of its u4ia Secure Memory Card
(SMC) technology for highly secure contactless mobile payments. Tyfone also
announced joint system testing with its manufacturing partner NXP, the
co-inventor of NFC technology and leading vendor of NFC chips. Today`s
announcement offers the potential to dramatically accelerate the rollout and
adoption of mobile payments on a global basis in order to meet the "huge latent
demand" for these services as cited in a November 18, 2008 GSM Association
(GSMA) press release.

Tyfone`s u4ia SMC is a memory card based mobile contactless payments solution
with integrated NFC chipset (secure element), controller and integrated antenna.
The technology operates in any Secure Digital (SD) memory card slot, in any form
factor (micro, mini, regular) and is rapidly gaining market acceptance as a
single-strategy approach for both GSM and CDMA phones.

The company recently completed beta testing with 21 global leaders in the mobile
contactless payments ecosystem. Tyfone anticipates a significant number of
partnerships, market trials and/or full deployments will result from these
tests. The joint system testing with NXP ensures sufficient production capacity
for the multiple concurrent market trials the company forecasts.

"Joint testing has been completed," said Jack Gijrath, Director of Business
Development Asia Pacific, NXP Semiconductors Identification Business Unit. "Our
teams have worked together successfully to ensure that Tyfone`s solution for
NFC-based mobile payments adoption is fully operational."

As mentioned by Dan Schutzer, Financial Services Technology Consortium (FSTC)
Executive Director, "Clearly there is strong demand for the many benefits
associated with NFC and the `mobile wallet` paradigm. While we support the
GSMA's call for industry standards and increased emphasis by handset
manufacturers to provide integrated NFC capabilities, FSTC believes that
Tyfone`s SD memory card secure element approach is a viable solution to
accelerating the proliferation and adoption of NFC mobile payments on a global
basis."

Tyfone`s u4ia SMC currently works in hundreds of millions of phones worldwide
and eliminates the requirement for carriers to invest in multiple related
technologies, including: SIM, Single Wire Protocol (SWP) and NFC handsets, which
together diminish the return on investment from NFC.

"We believe Tyfone is poised to deliver on the promise of mobile contactless
payments several years ahead of the timeline that exists in today`s paradigm,"
said Tom Spitzer, Tyfone CEO and Co-founder. "Our unique approach overcomes two
major barriers - the availability of NFC-enabled handsets and the business case
conflicts between the industry stakeholders. Industry thought leaders like Mobey
Forum, NFC Forum and the SmartCard Alliance recognize the benefits of using a
memory card approach for the Secure Element, and today`s series of milestone
achievements all point to a significant acceleration of worldwide mobile
payments adoption."

Tyfone is currently scheduling market trials around the world with mobile
operators, financial institutions, and closed-loop fare management providers. To
learn more please contact Tyfone at (503) 866-5598 or carol.grunberg@tyfone.com.

About Tyfone

Tyfone`s u4ia SMC enables a neutral secure element without requiring a change to
mobile phone architecture (SIM or non-SIM). Additionally, the Tyfone u4ia
platform, through its software and middleware components, leverages Over-the-Air
(OTA) functionality for access to the secure memory card.

Tyfone connects money and mobility via a highly secure, scalable and flexible
Mobile Financial Services (MFS) infrastructure that is tailored to meet the
evolving needs of mobile network operators, transportation agencies, retailers
and financial institutions. With its complete MFS platform and global alliance
partners, Tyfone is uniquely qualified to deliver issuer-centric turnkey
solutions with fully-integrated contactless payments capabilities. To discover
why Tyfone is becoming the partner of choice for MFS technologies to many of the
world`s leading organizations, please visit www.tyfone.com.

Press & Analyst Inquiries:
Skyya Communications
Susan Donahue, +1-646-454-9378
susan.donahue@skyya.com
or
Tyfone Corporate Contact:
Tyfone, Inc.
Carol Grunberg, +1-503-546-9364
carol.grunberg@tyfone.com

Copyright Business Wire 2009