We want to share with you a letter that we have posted to the American Banker site in response to their article on our new offering Mobile Money for Banks which we announced yesterday. We also welcome your comments on this.Daniel,I read your American Banker article yesterday concerning our mobile money announcement with some surprise, and I thought it might be helpful to clarify a few important points.Naturally, analysts differ in their opinion about the maturity of the mobile money market.  We received very positive feedback from many analysts and bankers as we discussed our plans, and the extensive speculation in the article about Obopay’s timing misses the point of how transformative and different mobile money is from many existing categories.The title of your article incorrectly says that Obopay is in the “bank transfer segment”.  When I think of the “bank transfer segment”, I think of legacy ACH and billpay vendors which are already used by thousands of banks across the U.S.  In contrast, “Mobile Money” is focused on helping banks solve a separate set of issues:-          Providing the millions of mobile, cash-based merchants in the U.S. with a solution for accepting card and ACH payments directly into their DDA.-          Enabling consumers to send money to anyone – instantly.-          Rapidly deploying services in a way which reinforces the bank’s brand – to include brandable services via web, SMS, and WAP, as well as smartphones like the Blackberry and iPhone.

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