In the payments arena, in particular, the impact of the digital age is profound.
Western Union study reveals most young adults prefer electronic account access.
New solution will allow members to open accounts by smartphone.
Last month, the $780 million 3Rivers Federal Credit Union of Fort Wayne, Ind., became the nation’s first credit union to launch Picture Pay.
3Rivers CU in Fort Wayne rolls out service from Malauzai Software and Allied Payment Network.
Celent report finds more than half of big banks offering mobile bill pay, less than 15% person-to-person payments.
Functions such as remote deposit and mobile pay add to the attraction, consultancy ath Power says.
The $449 million Air Academy FCU said it is now offering mobile remote deposit capture to its 44,600 members.
Mobile picture pay running ahead of mobile bill pay at some customers of Texas mobile banking technology provider.
Technology provider says 286 new self-service banking contracts penned in 2012, with mobile payments moving into picture.