CU Wallet launched its credit union driven mobile wallet in September. CU Wallet is integrating DoubleBeams mobile payments software development kit (SDK), enabling credit unions to onboard members by taking a picture of a blank cheque and photo ID, and CheckAlts mobile payment processing service, providing credit unions end-to-end mobile payment processing.
CU Wallet is a credit union centric mobile payments service. Co-founded in 2013 by financial services entrepreneurs Paul Fiore and Kirk Drake, CU Wallet combines technology with direct credit union ownership. CU Wallet’s mobile payments platform is designed by credit unions to assist credit unions.
DoubleBeam provides white-labeled mobile retailing solutions for retailers, including payment, data capture and targeted marketing services.
CheckAlt is a Check 21 application company providing Remote Deposit Capture, eCheck services and mobile payments. CheckAlt’s clients include banks, credit unions, cheque cashers and money service businesses (MSBs), insurance companies, municipalities, utilities and small and medium-sized enterprises (SMEs).
In recent news, DoubleBeam and Homeland Stores, a store regional supermarket chain, have jointly completed a mobile payments pilot program.
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