Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Pulse Obopay to provide real-time money transfers
HOUSTON and REDWOOD CITY, Calif. (2/27/12)--Pulse and Obopay will work together to enable real-time money transfer capabilities for financial institutions that participate in Pulse's debit/ATM network.

The agreement between Pulse and Obopay enables Pulse network issuers to offer person-to-person (P2P) and account-to-account (A2A) transfers using Obopay's Mobile Money for Banks and Credit Unions service. The service employs Pulse's existing connectivity and settlement processes.

Accountholders at participating financial institutions can also instantly receive funds from other financial institutions in their debit accounts.

A joint Pulse and Obopay statement said advantages for financial institutions include real-time authorization for transactions, interchange income from fund transfers, a simplified user experience and expedited deposits for members.

"A growing number of mobility-minded consumers require instant payments and transfers," said Judith McGuire, Pulse's executive vice president of product management.


RSS print
News Now LiveWire
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
10 minutes ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
10 minutes ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
1 hours ago
Worldwide #creditunion growth: Nearly 57K CUs now serve 208M members #NewsNow http://t.co/vrSv3Gvp7X
1 hours ago
July issue of @TheNCUA Report is now available at: http://t.co/UD8EP3vr2E.
3 hours ago