Consumers switch FIs to enjoy better mobile app features; only 24% would pay for an app.
While Apple Pay preserves existing payment systems, CurrentC aims to avoid interchange.
Get ready for mobile banking 2.0, where credit unions will think for the member.
CHICAGO—Approximately 65% of midsize to large credit unions have iPhone apps, compared to 51% of banks.
Offer capabilities in a credit union’s own mobile app provides a common platform between merchants and CUs.
Mobile bill pay popularity now eclipsing remote deposit checking.
Rather than offer operational cost reductions, the cost of digital banking services is rising.
Mobile banking and mobile payments are two different use cases that credit unions will need to integrate in the digital wallet world.
Good apps are key to credit union survival, as the post-PC era dawns.
Digital wallets could compromise a credit union's interchange income.