BOULDER, Colo. Boulder Valley CU is one of the first credit unions to offer person-to-person mobile services over iPhone and Andrioid using Tyfone’s new integration with Acculynk.
“Giving members the flexibility to send money to anyone securely is a natural next step in maximizing world-class mobile banking services,” said Jason Bauer, vice president of communications/e-commerce at the $300 million credit union.
Boulder Valley CU has been using Tyfone’s mobile financial banking since early this year and with the addition of Acculynk’s real-time P2P solution, members can now send payments from their mobile devices to friends, family and others with recipients having immediate access to funds versus days.
Acculynk’s Payzur is a white-labeled P2P solution that allows customers to send funds by authenticating the mobile- or Web-initiated transaction with their bank-issued PINs via the PaySecure patented online graphical PIN pad.
Since Payzur is not ACH-based, there is no enrollment or waiting period for consumers to begin using the service. Payzur is fully brandable by the financial institution, and Acculynk anticipates that financial institutions will choose to private label the service.
