Everyone might be fighting his/her way to the front of the line for that ticket on the mobile banking train, but one company that is already a few stops ahead of the competition is Tyfone, as evidenced by the company’s most recent news.
Today, the eighth largest credit union in the United States – with more than 875,000 members to boot—announced that out of all the mobile banking technology providers out there it has decided to tap Tyfone to serve its members’ future and current mobile needs. Security Service Federal Credit Union (SSFCU) has joined hands with Tyfone to bring industry leading mobile services such as core integrated mobile banking, layered mobile security, Tyfone’s iCashe mobile wallet and in-store payments within the next few quarters.
“SSFCU is a forward thinking credit union with a deep understanding of how its members’ lives are shifting to become more and more digital, making Tyfone a natural fit as their mobile partner,” said Mark Miyamoto, director of mobile banking at Tyfone. “Adding another top ten credit union to our list of partners reinforces the value of Tyfone’s mobile platform both with mobile banking and iCashe mobile wallet. SSFCU members will be delighted with the robust mobile banking features that are relevant to their on-the-go digital lifestyles. Moreover, Tyfone will be working with SSFCU to mobilize features, such as iCashe, to offer more convenient services to its members.”
Since 2004, Oregon-based Tyfone has been bringing forth mobility innovations including its software security and payment products. According to company officials, Tyfone’s multi-mode next generation mobile banking service is revered for offering an efficient and intuitive user experience.
The mobile banking platform not only brings to users standard mobile banking features such as checking balance, account history review, fund transfers, branch and ATM location lookup, customizable alerts, and bill pay, but it also offers the ability to enroll and customize mobile banking via a mobile device (with no computer or online banking account necessary), send and receive digital gift cards for a broad network of retailers, as well as other mobile wallet capabilities.
When it comes to Tyfone’s u4iamobile platform, the solution will be hosted in the cloud to enable secure Mobile Banking and iCashe Mobile Wallet services. In addition to the iCashe Mobile Wallet possessing the ability to issue contactless payments with near field communications (NFC), the wallet can also provide cloud payments and strong authentication ID management without NFC.
“At Security Service Federal Credit Union, our aim is to provide high value, quality financial products and services that enhance our members’ convenience and security,” said John Worthington, senior vice president of corporate communications for Security Service Federal Credit Union. “Mobile tools are rapidly evolving and becoming increasingly important to our members. After extensive due diligence, we selected Tyfone, one of the world’s top providers in the dynamic mobile financial services sector.”
“Tyfone has a unique perspective on the features and functions that are relevant to consumers as the technology matures and the reality of person-to-person payments, near field communications and a suite of digital wallet services become commonplace,” he added. “We are excited to begin implementation right away and to roll out the first wave of mobile services to our members this year.”
It’s been an exciting few days for Tyfone as just a few weeks ago the mobile banking technology provider announced the issuance of two U.S. Patents supporting a breakthrough design solution, required to miniaturize a NFC antenna for use in mobile environments including, but not limited to: MicroSD cards, such as Tyfone’s next generation SideTap NFC card, according to company officials. Not only does the latest design work seamlessly with any smartcard secure element, but it also works well across multiple mobile devices and on any NFC reader without the hassle of needing an external booster antenna or after-market battery cover.
For more on the patents, click here.
Edited by Amanda Ciccatelli
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