UNCLE Credit Union created a state-of-the-art mobile channel and added a P2P service.
Payveris partners with a transaction processing information firm to educate financial institutions about P2P.
Learn the latest about mobile P2P and how credit unions can stay ahead of the technology curve.
Credit unions might only need a re-evaluation of existing loan products to compete.
Internet-based or platform lenders are stepping up their efforts to capture consumer loans.
The new service allows individuals and organizations to send money without registering for a full Dwolla account.
In Europe, P2P payments services that include merchants have reduced cash and check use, but not card transactions.
If credit unions can make P2P free, in real time and through mobile channels, it could explode as a payment tool.
Court documents from May revealed the Department of Homeland Security seized nearly $3 million from a business account at the $2.4 billion Veridian Credit Union in Waterloo, Iowa, over what the DHS said was an unlicensed money transmitting business operated by the business member’s client.
Iowa-based payments innovator included in Bitcoin probe, Bloomberg says, while MIT fetes founder.