A new money transfer service in Des Moines, Iowa, has drawn a $1 million investment from two Iowa CUSOs.
A pair of Iowa CUSOs has made a million-dollar investment in a home-grown money transfer platform and plan to help the peer-to-peer service grow.
Connect Financial Software Solutions of Salt Lake City said it has signed a multi-year agreement to provide Internet banking and bill pay solutions to the $100 million Achieve Financial Credit Union in Berlin, Conn.
Person-to-person payments online or by mobile channels sparked the interest of about half of the consumers interviewed in a recent national study.
The end of 2009 saw PSCU Financial Services reaching a number of financial milestones.
PSCU Financial Services reported a strong 2009 despite the year's ongoing economic turmoil.