Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Pulse Obopay to provide real-time money transfers
HOUSTON and REDWOOD CITY, Calif. (2/27/12)--Pulse and Obopay will work together to enable real-time money transfer capabilities for financial institutions that participate in Pulse's debit/ATM network.

The agreement between Pulse and Obopay enables Pulse network issuers to offer person-to-person (P2P) and account-to-account (A2A) transfers using Obopay's Mobile Money for Banks and Credit Unions service. The service employs Pulse's existing connectivity and settlement processes.

Accountholders at participating financial institutions can also instantly receive funds from other financial institutions in their debit accounts.

A joint Pulse and Obopay statement said advantages for financial institutions include real-time authorization for transactions, interchange income from fund transfers, a simplified user experience and expedited deposits for members.

"A growing number of mobility-minded consumers require instant payments and transfers," said Judith McGuire, Pulse's executive vice president of product management.


RSS print
News Now LiveWire
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
12 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
12 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
13 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
15 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
16 hours ago