Credit unions have the advantage in both user experience and security

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The magic of mobile person-to-person (P2P) payment technology is making consumers’ lives easier than ever, allowing them to transfer funds from one account to another using just a smart phone.Consumer behavior is clearly changing due to P2P, with enormous fraud-related concerns for both the member and the financial institution. There is just as clearly a huge opportunity for credit unions in mobile payments technologies. It’s our time to grab that opportunity with both hands.“Technology is virtualizing money,” said Ryan Zilker, business manager, product development for CO-OP Financial Services. “We have quickly gone from cash to cards and now to P2P transfers that allow us to send money instantly to anyone, anywhere. This market is growing fast, and there is a lot of push to get into it from several different directions.” continue reading »last_img read more