Bay States Metropolitan Area FCU Pilots Facebook Banking
BROOKLINE, Mass. – Metropolitan Area FCU is now letting its members bank by Facebook.
The credit union's MyMoney online banking application allows members to view their account balances, transfer money between accounts and review account history without leaving Facebook.
MAFCU says its MyMoney Facebook application uses multiple layers of security. Along with the standard privacy features offered by Facebook, there is a two-way security system using a photo and phrase ID. MyMoney fully encrypts all data, using a 128-bit data encryption over a secure socket layer (SSL).