Having 60,000 members and over $1bn in assets, ELFCU, an Indianapolis based credit union said that its newly introduced service will assist its members to carry out their banking work online.
The new solution is equipped with standard mobile banking features, including applications and remote deposit and can be improved and integrated with other platforms as per the needs, said the credit union.
Commenting on the launch of e-banking application, eCommerce avp Tim Greene said, "mFoundry provided a direct integration to our core system, allowing all members to enroll in mobile banking. mFoundry’s hosted solution also gave us comfort with scaling the solution and adding new features with little to no disruption of our members’ banking activity."
The mFoundry is a cloud-based mobile banking solution, which is being implemented by more than 675 financial institutions, including 1/3 of the top 50 US banks and credit unions, said the firm.
mFoundry co-founder and CEO Drew Sievers said it serves banks and credit unions of all sizes.
"ELFCU can now provide members with a wide range of banking services, such as account management, mobile deposit or two-way text alerts, to manage their banking relationship from virtually any device," Sievers added.
ELFCUmobile has native mobile banking applications for Apple iOS, Google Android and RIM BlackBerry devices.
It also supports HTML5 mobile Web and SMS/text banking, including two-way alerts enabling members to customize their mobile banking experience based on their preferred method of connectivity.
Users can access admired features of ELFCUmobile such as account balance monitoring, transfers between credit union accounts, and branch and ATM searches using built-in maps or GPS.
