The pending acquisition of mobile-payment developer Paydiant by PayPal will help empower credit unions, consumers and merchants, CU Wallet said.
CU Wallet, the mobile payments CUSO owned by some 80 credit unions, is on track to go live as early as April.
Internal testing goes off without a hitch as CU Wallet prepares to go live this year.
Read about the five hottest trends and game changers in payments.
Apple debuts a new payments system that has digital wallet supporters cheering.
Supporters of credit union wallet solutions say the Apple announcement is good news for adoption.
No one knows which mobile payment technology will ultimately win or how long it will take for mass adoption among merchants, but we do know for certain that credit unions find themselves at an inflection point in the payments industry, and they are not alone.
CU Wallet Founder Paul Fiore responds to Amanda Smith's Aug. 15 opinion piece that questioned demand for mobile wallet services.
Add Apple to the list of potential new players in the payments market.
One technology executive predicts mobile banking users will soon eclipse online banking users.