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