Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
TMGs alternative payments platform adds feature
DES MOINES, Iowa (3/11/11)--Dwolla, the online, mobile and social payment platform supported by The Members Group (TMG), has released the nation’s first location-based payment technology. Called Dwolla Spots, the technology allows Dwolla users to pay for goods or services on-site with their mobile devices--for a transaction fee of 25 cents. To pay a merchant, a Dwolla user selects the new Spots tab from Dwolla’s mobile application. The customer finds the business on a location-based map and enters the transaction amount. The funds are sent to the business in real-time. “To remain a part of everyday financial transactions, credit unions and community banks must find ways to partner with emerging payments providers like Dwolla,” said Brian Day, TMG product development architect and author of a newly released white paper, “Maintaining Your Foothold in the Payments Ecosystem.” “TMG is working closely with Dwolla to create the kind of technology that will become indispensable to the contemporary consumer.” Currently, Dwolla Spots is exclusive to the Apple iOS mobile operating system and will be released later this month in the Apple App Store. Updates to the Android and Windows 7 versions will debut later this spring. TMG is a wholly owned subsidiary of the Affiliates Management Company, which is owned by Iowa credit unions and their members.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
9 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
14 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
14 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
16 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
16 hours ago