Communication Federal Credit Union deploys mobile wallet services to its members


Communication Federal Credit Union (CFCU), serving more than 55,000 members across Oklahoma and Kansas, announced the availability of Tyfone mobile financial services to its members. CFCU partnered with Tyfone to bring mobile financial services to its membership, which include Fiserv XP2 core integrated mobile banking, and a path to enhanced strong ID authentication mobile security and NFC contactless payment technology to its members.

“Mobile banking is a must have in today’s mobile-centric world. We are excited to rollout mobile banking to all of our members and believe they will appreciate the unique features designed to enhance and simplify their banking experience,” says Stephen Lark, CFCU’s VP of marketing and corporate development.

“Our members will be able to keep a closer watch on their money and configure their accounts to their liking, right from their device. Our Rate Watch feature, for example, allows our members to set a rate for a product they have or are interested in and once that “trigger” is met, they will receive an alert directly to their phone so that they can make the necessary adjustments to their accounts. Other account threshold and activity alerts can also be configured so members can set it and forget it, saving them time and the hassle of monitoring their accounts daily.”

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