Mobile banking real-time P2P mobile payment

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Tyfone has integrated Acculynk’s real time P2P mobile payment service, Payzur, into its mobile banking iPhone and Android applications adopted by Boulder Valley Credit Union (BVCU).  With Payzur, BVCU members can log into the app, enter their PIN and send a real-time P2P payment to any email address or mobile phone number.

With users becoming accustomed to electronic financial services and the acceptance of mobile banking apps, looking up and paying bills on mobile devices will continue growing in popularity.  Yet, as technology cybercrime risks impact the financial industry, and society as a whole, the implementation of the most highly recognized security products and technologies for banks and credit unions should simplify the way financial institutions serve customers while benefiting those customers with increasingly convenient features that are secure.

BVCU has successfully been using Tyfone’s mobile financial solutions since early this year and with the addition of Acculynk’s real-time P2P solution BCVU members can now send payments from their mobile devices to friends, family and others with recipients having immediate access to funds versus days.

“As mobile banking continues to evolve and see more adoption, financial institutions are finding ways to make the mobile banking experience more convenient than ever,” says Jason Bauer, VP communications/e-commerce at BVCU. “Moreover, mobile banking levels the playing field enabling small financial institutions to compete head to head with organizations of any size, a key reason for incorporating Tyfone’s next-generation banking technology to expand mobile banking options for our members.  Giving members the flexibility to send money to anyone securely is a natural next step in maximizing world-class mobile banking services.”

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