= Subscriber content; log in or subscribe now to access all American Banker content.

Navy Federal Credit Union Upgrades Student Card Program with Mobile App


Navy Federal Credit Union has implemented a money management mobile app from Cachet Financial Solutions to upgrade its prepaid card program for students.

The credit union's Visa Buxx program will use Cachet's Select Mobile Money mobile application to let customers view balances, request money from parents through SMS, email or in-app notification, and locate the nearest branch or ATM.

Meanwhile, parents can access their child's balances and transfer funds directly from their Navy Federal debit and credit cards or even suspend their card.

Cachet's is a cloud-based SaaS solution available for iOS and Android systems.

"Cachet's mobile application makes the Navy Federal Buxx program even more convenient for students and parents to responsibly and securely manage money," said Elizabeth Dean, manager of debit card services for Navy Federal Credit Union, in the release.



Top 10 Tech Companies to Watch
To identify the fintech startups deserving of special recognition this year, a team of American Banker editors, BAI staff and consultant Jeanne Capachin debated the merits of self-nominees and companies we know. These are the ten that matter for 2015.

Image: Fotolia

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.