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Communication Federal Credit Union implements Tyfone mobile wallet services

US-based Communication Federal Credit Union (CFCU) has deployed Tyfone mobile financial services for its members, to provide a complete range of features to banking customers through App, mobile Web or SMS.

In collaboration with Tyfone, the company has deployed Fiserv XP2 core integrated mobile banking, and a path to enhanced strong ID authentication mobile security and NFC contactless payment technology.

Additional advancement of the mobile banking technology includes features such as Rate Watch, Reg D Counter and alerts for debit and deposit activity.

Commenting on the launch of mobile banking services, CFCU marketing and corporate development VP Stephen Lark said, "Our members will be able to keep a closer watch on their money and configure their accounts to their liking, right from their device."

The technology upgrade will offer standard mobile banking features including checking balance, account history review, fund transfers, branch and ATM location lookup and customizable alerts, claims the credit union.

Established in 1939 and headquarters in Oklahoma City, the credit union serves more than 55,000 members and manages over $850m in assets as well as 19 branches in Oklahoma and Kansas.