Near Field Communications Handsets and Tags, NFC Pilots and Projects

Credit union taps Tyfone to deliver mobile financial services

Monday, September 14, 2009

Tyfone, a Portland, Ore. mobile financial services provider, has been chosen by Oregon’s largest credit union to supply the infrastructure for the financial institution’s mobile banking service.

Tyfone’s technology integrates the secure element , an NFC contactless chip and antenna on standard secure digital memory cards allowing memory card-enabled phones to become instantly capable of secure transactions and contactless payments. OnPoint Community Credit Union, with more than $2.8 billion in assets, will leverage Tyfone’s u4ia platform to first deploy mobile banking services with NFC contactless mobile payment capabilities to follow.

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