Credit Union Selects PSCU, mFoundry for Mobile Banking

New England Federal Credit Union Wednesday announced it will offer its 70,000 members mobile-banking services from PSCU Financial Services and mFoundry.

The services enable the Vermont-based credit union's members to transfer funds between bank accounts and to monitor checking and savings balances via cell phone.

In January, St. Petersburg, Fla.-based PSCU signed an agreement to resell Sausalito, Calif.-based mFoundry's Applet service, which enables cell-phone users to download applications onto their phones. In addition, PSCU offers a Wireless Application Protocol, which PSCU developed internally, to credit-union members.

The wireless protocol uses a cell phone's Web browser to access mBanking information, and mFoundry accesses mBanking information through a menu-driven application, PSCU said in January.

The company also announced at the time mFoundry and the Wireless Application Protocol eventually would provide access to prepaid, credit card and bill-payment accounts. PSCU did not respond to inquiries regarding the additional services.

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