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.
"If you are hanging your hat on interchange, you are in trouble," one credit union exec says.
Even though most consumers have yet to make a point-of-sale mobile payment, a shift is starting to occur.
Fifteen credit unions are betting the time is right for a credit union centric digital wallet. That’s why they threw their weight behind startup CU Wallet, the brainchild of Paul Fiore, founder of Digital Insight, and Kirk Drake, CEO of the Hagerstown, Md.-based CUSO Ongoing Operations.
Fifteen credit unions band together to support startup that plans to offer digital wallet tools beginning early next year.
Paul Parrish, executive vice president and chief financial officer for Nevada Federal Credit Union, has joined the Credit Union Economics Group.
With two Minnesota mergers still underway, Wings Financial Credit Union has its radar set on expanding its field of membership to the Puget Sound area in Washington.
The $3.2 billion Wings Financial Credit Union said today it has received approval to expand its field of membership to the Puget Sound area in Washington.