Merced School Employees Federal Credit Union (MSEFCU) has begun providing its members access to mobile financial services with Mobile Money from Fiserv. Mobile Money enables users to transfer funds between accounts, check balances, pay bills and receive alerts, such as payment notifications and account balance transfer alerts on any mobile device.
Mobile Money, a mobile banking and payments solution that incorporates technology from Atlanta-based M-Com, supports consumers on all three mobile access modes, offering online and offline enrollment capabilities and integrating with core banking, online banking and electronic payments systems.
MSEFCU members can access Mobile Money by using SMS or through a mobile browser, by downloading application in the Apple iPhone.
Nancy Deavours, CEO of MSEFCU, said: “Increasingly, people want to bank on the run, and that means being able to access their accounts from a mobile device. We decided to offer Mobile Money to better serve the needs of our Gen Y members, and have been pleasantly surprised with other member segments expressing interest in the service as well.”
Dave Selina, segment executive for credit union solutions at Fiserv, said: “In many cases, credit unions have pockets of high demand for mobile financial services within their member base, and that is certainly true for MSEFCU. Their member base includes students and employees of a research university, as well as local high school students, groups that tend to have a keen interest in using new technologies. That makes mobile financial services a good fit for the credit union.”
California-based Merced School Employees Federal Credit Union offers a wide range of financial services, including free checking, ATM and ATM debit cards, VISA credit cards, loans and financial counseling.
