USAlliance Federal Credit Union has launched a new cash deposit feature for its MyLife Checking account that allows members to add cash at participating retail locations nationwide, including Walmart, CVS, Walgreens and select 7-Eleven stores.
The Rye, N.Y.-based credit union said the new Add Cash feature is powered by InComm Payments and is available through the USALLIANCE Digital Banking App. Members can generate a one-time barcode in the app, present it to a cashier and complete a cash deposit at participating retailers.
"Everything we build starts with our members' real needs in mind," Harry Zhu, president/CEO of USAlliance, said. "Add Cash is a direct reflection of that focus, and we are proud to bring this kind of meaningful, everyday convenience to the people we serve."
According to the credit union, members do not need to share their personal account information during the transaction because only the barcode is presented at the register. Funds are available immediately after the deposit and members receive instant confirmation through the app.
"Our members are always on the go, and Add Cash was created to give them greater flexibility," Carlos Fonseca, chief member experience officer and EVP of marketing and experience at USALLIANCE, said. "Even as digital payments continue to grow, many people still use cash in their day to day lives. Add Cash brings that reality into the digital experience by giving members a convenient, secure way to deposit cash at familiar retail locations."
Founded in 1966, USALLIANCE has more than $3 billion in assets and serves more than 180,000 members nationwide.
The Atlanta-based InComm Payments provides payments technology platforms and financial technology services across industries including retail, health care, transit and financial services. The company said it has more than 525,000 retail and online distribution points and operates in more than 40 countries.
Joyce Moed can be reached at joyce.moed@arc-network.com.
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