The $6.2 billion San Diego County Credit Union said it is among the first financial institutions in the country to allow its members to use their smartphones to transfer balances from outside credit card accounts.
The 245,300-member SDCCU is offering the apps through iTunes or Google Play and they work similarly to the existing remote deposit check capture apps the credit union has been using from Mitek Systems Inc.
Called Easy Balance Transfer, the app is used to take a photo of the bottom payment stub of a credit card bill and then submit the captured company name, address and payment amount to be transferred to a Visa card account from SDCCU.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
