Star One Credit Union, the ninth largest credit union in the US with more than $5 billion in assets, has signed an agreement with mobile financial solutions provider, Tyfone, to deliver next generation mobile banking services to it members.
"As the Silicon Valley's largest, member-owned financial institution, Star One prides itself in offering valuable, progressive financial solutions, and a consistent user experience to its members," said Margarete Mucker, vice president of remote services at Star One. "After careful evaluation, we determined that Tyfone not only meets the mobile banking requirements we were looking for, but also has the technology, vision and culture to provide our members comprehensive mobile financial services well into the future. Tyfone's platform is of great value to Star One and our members. We chose Tyfone not only because of their robust banking solution but also due to their NFC contactless payment, corporate banking and secure identification capabilities."
Tyfone's direct integration to Star One's Fiserv XP2 core has additional benefits. Mobile bankers will experience rapid responses, and the direct access to core data offers flexibility for additional features. With this agreement, Tyfone brings the latest in progressive mobile banking services to Star One members, allowing Star One to offer standard mobile banking features as well as several industry first features -- account aggregation, rate watch, Regulation D counter, mobile remote deposit capture (mRDC), bill pay, and an array of customizable alerts.
"Star One is the ninth largest credit union out of more than 7,500 in the US, making it also one of the top 100 financial institutions in the country," said Mark Miyamoto, director of sales at Tyfone. "Star One's success is a credit to its mission of delivering valuable financial services to its members and Tyfone looks forward to helping Star One carry forth this commitment in the mobile environment."
Mobile banking is nearing an inflection point where basic mobile banking functions alone are insufficient. Tyfone multi-mode mobile banking for any device (SMS, App, Web) is based on its u4ia mobile financial services platform that in additioon enables NFC contactless payments and strong ID authentication, providing comprehensive digital wallet and payment services for Credit Unions.
"Our strategy has been to bring comprehensive mobile financial services to the market and we are happy to see innovative credit unions like Star One select Tyfone." added Miyamoto.