Near Field Communications Handsets and Tags, NFC Pilots and Projects

CVCU taps Tyfone for mobile wallet service

Monday, July 11, 2011

Tyfone has announced that it will provide its suite of mobile wallet services to CoVantage Credit Union (CVCU).

CVCU will use Tyfone’s technology to offer customers contactless mobile payments via a memory card through its nine branches in Wisconsin and Michigan. According to Tyfone, the the secure element in the memory card enables CVCU to dictate the financial service without interference from the mobile operator.

Tyfone’s mobile wallet also includes Symitar Episys core integrated mobile banking and strong ID authentication mobile security, in addition to standard features such as balance, history, transfer, and bill pay.

According to Tyfone, its multi-mode mobile banking (SMS, App, Web) will allow CVCU to offer several “industry first” features, including account aggregation, rate watch, Regulation D counter, bill pay and an array of customizable alerts. [end] 

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