CU Mobile Apps to Expand Financial Services Offerings for Credit Unions

By CIOReview | Wednesday, September 16, 2015
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FREMONT, CA: Cachet Financial Solutions, a provider of mobile money technologies, will be offering its mobile banking services to CU Mobile Apps (CUMA). The latest offering will enable credit unions to have a competitive edge.

CUMA is an organization that provides high quality, customizable and affordable mobile applications for credit unions to stay competitive. It will integrate with on-the-go mobile banking solutions from Cachet Financial Solutions, Select Mobile Deposit, elevating two way communications between credit unions and their members. CUMA encapsulates the credit union’s current banking solution and includes mobile deposit, integrated locator searches, P2P solutions, social media, and alert messaging to transform credit union from an online banking tool to a full service mobile branch experience. The solution also includes features such as loan request information, special offers and a mobile chat.

ICUL Service Corporation (LSC) and CUNA Strategic Services (CSS) enrich their strategic alliance with CUMA’s latest product offering. LSC provided payment solutions to more than 2,300 credit unions across the states in the country.

“Credit unions of all sizes are challenged today to keep up with the ever-changing and evolving mobile channel,” says Jeffrey Mack, President and CEO, Cachet Financial Solutions. “We’re pleased to work with industry innovators like LSC and CUMA to help their credit union members to realize the value of the mobile delivery channel and our mobile deposit solution, to strengthen their position in the marketplace and capture new members.”