Tapping It has launched Memento 1.0 for the iPhone and iPod touch, an e-card creation application that can send the e-cards out as well.

It costs $2.99 and is available for purchase and download from the App Store right now.

The software features 14 built-in card styles, with plans for more in future releases, according to the developer. You can add your own photos and personalized text, then e-mail the resulting e-card to friends and loved ones. You can e-mail multiple recipients, and the resulting e-cards have been tested to be compatible with Mac OS X Mail, Thunderbird, Yahoo! Mail, Gmail and MobileMe mail.