Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
150 CUs choose Fiservs Mobile Money
BROOKFIELD, Wis. (7/23/10)--Credit unions are increasingly adopting solutions to help their members conduct transactions through mobile phones, and Fiserv’s Mobile Money is no exception. About 150 credit unions have chosen Mobile Money, which gives credit union members the ability to use any mobile device to check account balances and history, transfer funds, pay bills and track account activity. Mobile Money is supported through text messaging, mobile browsers and downloadable applications. Roughly 84 credit unions use the service, including Call FCU, Richmond, Va. More than 313 members signed up for the service at Call in the first three months. “Our members love it, find it very easy to use, and like that they can self-enroll from our website,” said Karen Salmons, chief operating officer of the $330-million-asset credit union. “We hope Mobile Money eventually will help to reduce our call center volume.” Mobile Money has industry standard data encryption and risk-management safeguards, Fiserv said. The solution integrates with online banking and online bill payment solutions. Solutions like Mobile Money can strengthen credit unions’ competitive position and appeal to a broad range of consumers, including Gen Y, noted Dave Selina, segment executive for Fiserv Credit Union Solutions. Fiserv, a financial services company, is based in Brookfield, Wis.


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
10 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
12 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
13 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
15 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
15 hours ago