Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
FSCC cuts prices on shared mobile banking
ONTARIO, Calif. (4/29/11)--Shared-branching network Financial Service Centers Cooperative Inc. (FSCC) will reduce the price of MyCUAnywhere text banking transaction pricing beginning Monday. MyCUAnywhere transactions will be reduced to 35 cents per transaction. “The rapid acceptance of the product is what is making this price reduction possible so soon after the product launch,” said Bonnie Kramer, FSCC executive vice president. “We launched just over a month ago and member acceptance has been well beyond our projections.” FSCC credit unions pay no set-up fees, no monthly maintenance fees and no minimum monthly usage fees for MyCUAnywhere. Credit unions only pay per-member transaction. Because there is no FSCC branding on the service, a credit union can adopt the service as its own. MyCUAnywhere uses secure, short message service/text banking technology to access account information, including balances, transaction history, loan status and funds transfer. There are more than 292 million cell phones in use in the U.S., of which 98% have texting capability, according to Cellular Telecommunications Industry Association. Last year, 1.81 trillion texts were sent.


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago