New competitors, old products, balky regulators and a whole new generation of disintermediated consumers could spell disaster.
The July 2011 application only came to light on the U.S. Patent and Trademark Office website on Wednesday.
Tracking the mobile banking revolution in credit unions with veteran technology writer Robert McGarvey.
Opportunity to build enduring relationships by leveraging the mobile channel is within reach. But credit unions must act now, before their members direct their payments elsewhere.
Credit union executives are right to be concerned – not only about the future of their business, but also of the potential dilution of their brand as new players enter the market.