Tyfone Mobile Banking Selected by Top Ten Credit Union

May 31, 2011 07:01 AM Eastern Daylight Time 

Tyfone to enrich Star One members’ banking experience through flexible, multi-mode mobile banking technology and mobile payment capabilities

SUNNYVALE, Calif. & PORTLAND, Ore.--(BUSINESS WIRE)--Star One Credit Union, the ninth-largest credit union in the US, with more than $5 billion in assets, has signed an agreement with mobile financial solutions provider Tyfone (www.tyfone.com) to deliver next-generation mobile banking services to it members.

“Our strategy has been to bring comprehensive mobile financial services to the market, and we are happy to see innovative credit unions like Star One select Tyfone”

“As the Silicon Valley's largest, member-owned financial institution, Star One prides itself in offering valuable, progressive financial solutions, and a consistent user experience to its members,” said Margarete Mucker, vice president of remote services at Star One. “After careful evaluation, we determined that Tyfone not only meets the mobile banking requirements we were looking for, but also has the technology, vision and culture to provide our members comprehensive mobile financial services well into the future. Tyfone’s platform is of great value to Star One and our members. We chose Tyfone not only because of their robust banking solution but also due to their NFC contactless payment, corporate banking and secure identification capabilities.”

Tyfone’s direct integration to Star One’s Fiserv XP2 core has additional benefits. Mobile bankers will experience rapid responses, and the direct access to core data offers flexibility for additional features. With this agreement, Tyfone brings the latest in progressive mobile banking services to Star One members, allowing Star One to offer standard mobile banking features as well as several industry-first features -- account aggregation, rate watch, Regulation D counter, mobile remote deposit capture (mRDC), bill pay, and an array of customizable alerts.

“Star One is the ninth-largest credit union out of more than 7,500 in the US, making it also one of the top 100 financial institutions in the country,” said Mark Miyamoto, director of sales at Tyfone. “Star One’s success is a credit to its mission of delivering valuable financial services to its members, and Tyfone looks forward to helping Star One carry forth this commitment in the mobile environment."

Mobile banking is nearing an inflection point where basic mobile banking functions alone are insufficient. Tyfone multi-mode mobile banking for any device (SMS, App, Web) is based on its u4ia® mobile financial services platform that, in addition, enables NFC contactless payments and strong ID authentication, providing comprehensive digital wallet and payment services for Credit Unions.

"Our strategy has been to bring comprehensive mobile financial services to the market, and we are happy to see innovative credit unions like Star One select Tyfone,” added Miyamoto.

ABOUT TYFONE:

Founded in 2004, Tyfone’s corporate headquarters are in Portland, Oregon, and its Asia-Pacific headquarters are in Bangalore, India. Tyfone connects money and mobility via a highly secure, scalable and flexible mobile financial services solution tailored to meet the evolving needs of consumers, financial institutions, mobile network operators, transportation companies, and retailers. Operating in any standard memory card slot, Tyfone’s u4ia® platform and its companion SideTap™ memory card comprise the world’s first patented, neutral, and comprehensive memory card-based payments solution for mobile contactless payments. Tyfone and its partners enable a suite of services, including Mobile Banking, Mobile Identity Management, Mobile Remote Payments, Mobile Retail Services, and Mobile Contactless Payments. For more information, visit www.tyfone.com.

Some names and brands mentioned may be claimed as the property of others. u4ia, Tyfone, and SideTap are trademarks of Tyfone, Inc.

Contacts

Mobility Public Relations
Holly Woolard, 503-343-4144
tyfone@mobilitypr.com
Tyfone Press Kit: http://tyfone.mobilitypr.com
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