Star One Credit Union turns to Tyfone for mobile banking

Source: Tyfone

Star One Credit Union, the ninth largest credit union in the U.S. with more than $6.0 billion in assets, today announced the availability of its Tyfone powered mobile services to its more than 89,000 members worldwide.

Star One partnered with Tyfone to bring industry leading mobile banking services to its members, including Fiserv XP2 core integrated mobile banking, enhanced strong ID authentication mobile security and a seamless path to NFC contactless payment technology.

Tyfone's multimode mobile banking solution offers a complete range of features delivered to Star One members via mobile application, a mobile website and/or text messaging. In addition to standard mobile banking features such as balances, account history review, funds transfers, GPS enabled Branch and ATM location lookup and custom SMS alerts, Tyfone's next gen mobile banking also offers:

-- Mobile Remote Deposit Capture: The mobile remote deposit capture (mRDC) feature allows Star One members to use a mobile phone's onboard camera to photograph a check and remotely deposit the funds in real-time.

-- Rate Watch Alerts: Tyfone's mobile banking solution for Star One allows members to monitor loan, certificate, and savings rates and be alerted via text messaging, based upon thresholds the end user selects.

-- Fraud Monitoring and Analytics: Integration with Star One's Guardian Analytics system means that the Tyfone solution has heightened protection for members from fraud threats. This system detects anomalies, and Star One member service representatives are immediately alerted to any suspicious or fraudulent activity.

-- Star One Account Aggregation: Another key feature unique to Tyfone's mobile banking solution is the ability to aggregate accounts. This account aggregation feature allows Star One members to see and manage multiple Star One accounts (i.e., personal and jointly held accounts) in a single mobile banking session.

"Star One selected Tyfone because their innovative vision of the mobile channel aligns with Star One's long-term strategy for delivering mobile services to members," says Margarete Mucker, Star One VP of Remote Services. "Tyfone's mobile financial services platform allows Star One to securely offer members the latest innovations in mobile banking that are truly relevant to their digital lifestyles."

"Star One has built a national reputation as being one of the most technology savvy credit unions in the country," said Mark Miyamoto, director of mobile banking at Tyfone. "Tyfone is collaborating with Star One on how to deliver the most advanced mobile banking features to enhance Star One members' digital banking experience."

Tyfone Mobile Banking is built on top of the company's u4ia(R) mobile financial services platform that also enables contactless payments using near field communications (NFC) and strong authentication ID management, providing financial institutions with a multi-faceted roadmap for offering comprehensive digital wallet and payment services.

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