Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUs down under exploring mobile payment platform
CANBERRA, Australia (7/17/12)--A group of more than 20 Australian credit unions is meeting, along with mutual banks, to explore providing a mobile payment platform to its members.

Credit Union Services Corporation Australia Limited (CUSCAL), the group's collectively owned electronic banking transaction provider, is facilitating the meetings (The Australian July 17).

The meetings are in the early exploratory stage, a CUSCAL spokeswoman told the newspaper.

Credit unions are looking at the new payment platform to elevate mobile banking services and to prevent younger members from leaving for major commercial lenders, the paper said.

It is believed the group is assessing Google's Android-based mobile platform Google Wallet as one of the potential payment systems, the paper said.


RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
10 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
11 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
11 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
13 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
14 hours ago