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
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
1 hour ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
3 hours ago
#creditunions, members share #databreach stories with media http://t.co/hGsnpkov8R
3 hours ago
.@CUCB #Creditunion #CherryBlossom Run registration transfer period is 2/1 - 2/28. Read more here: http://t.co/wup6XPWtcC 2of2
4 hours ago
.@CUCB CU Cherry Blossom Run organizers say accepted runners who can't race can transfer registratrion to runners who didn't get in. 1of2
4 hours ago