150 credit unions have implemented Fiserv’s Mobile Money m-banking product, of which 84 are currently live.

Mobile Money enables credit unions to use any mobile phone to check account balances and history, transfer funds, pay bills, and track account activity.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Mobile Money supports all three mobile access modes: SMS mobile browser, and downloadable applications. Mobile Money is available as an in-house solution or hosted by Fiserv through an application service provider (ASP) model.

“Our members love Mobile Money, find it very easy to use, and like that they can self-enrol from our website,” Karen Salmons, chief operating officer, Call Federal Credit Union.

“We hope Mobile Money eventually will help to reduce our call centre volume, as we encourage more members to use this convenient and cost-effective vehicle for self-service.”

According to Fiserv, Mobile Money utilizes security best practices such as industry standard data encryption, along with additional risk management safeguards. According to Fiserv, the solution integrates with multiple online banking and online bill payment solutions. Mobile Money incorporates mobile payment technology from M-Com.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Credit unions are increasingly adopting Mobile Money to strengthen their competitive position through a high-value, low-cost service that appeals to a broad range of consumers, which includes Gen Y and other demographics,” said Dave Selina, segment executive for Fiserv Credit Union Solutions.

“As consumer demand for greater access and convenience continues to rise, Fiserv solutions like Mobile Money will continue to play a vital role in credit unions’ strategic plans.”