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
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
7 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
11 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
11 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
13 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago