Be the on-demand virtual access to their money that today's members are looking for in a primary financial institution. The most inventive suite of future-oriented products in the credit union movement, CO-OP Mobile/Virtual brings together member-centric tools to allow you to be there for your members with just a push, a tap, or a click, from anywhere in the world. In real time, with the flexibility to work with multiple core systems and input/output partners.
Increase member loyalty. Appeal to members seeking greater ability to manage their own finances. Cross-sell products to improve capture and retention rates along with profitability. And compete with other financial institutions by offering the mobile and online experiences your members deserve.
30% of all smartphone users are expected to use mobile remote deposit capture (mRDC) by 2016."
With the popularity of mobile banking and mobile remote deposit capture expected to double to 108 million users in the next five years, credit unions must balance consumer demands for convenience with concern over possible fraud.
This e-book is about real-time payments-as a valued feature, a competitive differentiator and a real, (almost) ready option for credit unions, thanks to a new real-time payments network created by CO-OP Financial Services in partnership with FIS and its PayNet technology.
Who prefers instant payments? The answer is 75% of business payees, and 69% of consumers."
Mobile Payments are the future of payments, yet there are still so many unanswered questions. What can you do today and what should you be planning for?
With an annual U.S. retail POS market of almost $4 trillion up for grabs, the stakes are extremely high. But slow adoption, lack of merchant enthusiasm, fragmented offerings, and blocking by competitors has resulted in stalled growth for mobile wallets."
Consumers are increasingly moving their financial lives into the mobile sphere. Read how strong the mobile trend has become and how CO-OP can help offer mobile tools - such as Mobile ATM and Shared Branching locator apps, Remote Deposit Capture, Sprig® by CO-OP, and Card Controls and Alerts - to keep your members engaged.
Winning the loyalty of your members should be your top priority. Increase engagement with mobile and Be More."
Flexing the collaborative strength of the credit union spirit, Sprig brings together all of a member's accounts-savings, checking, loans, credit, from each credit union where they do business-into one convenient app. The app is free for download at the App Store and Google Play and there's no upfront cost to you. It's as convenient as a laptop or smartphone and accessible anytime, day or night. Members can access their accounts, make remote deposits, transfer between accounts, make person-to-person payments (in and out of participating networks)-from virtually anywhere.