CoVantage Credit Union has launched a multimode mobile-banking service from Tyfone Inc. that offers a variety of nonstandard services such as account aggregation, remote deposit capture, bill pay and Near Field Communication contactless payments, the Antigo, Wis.-based financial institution announced Feb. 7.
The so-called mobile wallet offers standard features, including checking account balances, account-history review, funds transfers, branch and ATM location lookup, customizable alerts, and access to mobile banking for nononline banking members.
Members may enroll and manage their accounts directly from their mobile phone without being enrolled in the credit union’s online banking service.
Tyfone Mobile Banking is built on top of the company's u4ia mobile financial-services platform that also supports NFC contactless paymentss.
The account-aggregation feature allows members of the $950 million credit union to view and manage multiple accounts with just a single login.
Portland, Ore.-based Tyfone’s system includes Jack Henry & Associates’ Symitar Episys core integrated mobile-banking service and is integrated with Online Resource’s electronic bill-payment service.
"CoVantage chose Tyfone because of its unique and innovative vision of the mobile channel, which is echoed in its current features as well as its future roadmap of features, including enhanced security and NFC contactless payments,” said Robert Van Abel, CoVantage chief information officer.
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