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From the March-05, 2008 issue of Credit Union Times Magazine • Subscribe!

Six CUs Tab PM Systems For Mobile Banking

CHAPIN, S.C. -- PM Systems Corp. said it has signed six more users of its WebFederal 3 mobile banking solution.

They are $587 million First Community CU of Houston; $275 million Guardian CU of West Milwaukee, Wis.; $416 million SB1 FCU of Philadelphia; $255 million Resource One CU of Dallas' $160 million MemberSource CU of Houston; and $23 million ILWU-FSC FCU of Oakland, Calif.

The mobile solution integrates with the institution's main online banking site and can be enabled by either the member or CU staff, and has been deployed by credit unions running on core systems from XP Systems and Symitar.

The mobile solution includes bill pay, broad transfer capabilities, including institution-to-institution, and FFIEC-compliant multi-factor authentication, according to Robert Broadwell, PM Systems Corp.'s executive vice president.

More than 50 credit unions now run the full WebFederal 3 online banking solution, while others use such elements as bill pay and lending solutions separately, the company said.

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