Tyfone’s service is based upon the company’s u4ia mobile financial services platform that enables contactless payments using NFC technology. The mobile banking service is delivered to banking customers via mobile applications, mobile websites or text messaging.
As a result, credit union member are expected to be provided with a mobile banking service that includes an account aggregation option, in order to view and manage multiple accounts in a centralized place, as well as a secure ID management via its Multi Factor Authentication (MFA) technology. In addition, the service is set to provide users with NFC payments and mobile remote deposit capture services.
Star One Credit Union counts over USD 5 billion in assets.
In April 2011 , Tyfone rolled out its mobile banking service.
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