Welcome!

News Feed Item

Tyfone Enables Real-time P2P Mobile Payment in Boulder Valley Credit Union Mobile Banking Solution

Tyfone (www.tyfone.com), a secure mobile ID and transactions solutions provider, today announced that it has integrated Acculynk’s real-time person-to-person (P2P) money movement service, Payzur, into the Tyfone-based mobile banking iPhone and Android applications adopted by Boulder Valley Credit Union (BVCU). With Payzur, BVCU members can log into the app, enter their PIN and send a real-time P2P payment to any email address or mobile phone number.

With users becoming accustomed to electronic financial services and the acceptance of mobile banking apps, looking up and paying bills on mobile devices will continue growing in popularity. Yet, as technology cybercrime risks impact the financial industry, and society as a whole, the implementation of the most highly recognized security products and technologies for banks and credit unions should simplify the way financial institutions serve customers while benefiting those customers with increasingly convenient features that are secure.

BVCU has successfully been using Tyfone’s mobile financial solutions since early this year and with the addition of Acculynk’s real-time P2P solution, BCVU members can now send payments from their mobile devices to friends, family and others with recipients having immediate access to funds versus days.

“As mobile banking continues to evolve and see more adoption, financial institutions are finding ways to make the mobile banking experience more convenient than ever,” said Jason Bauer, vice president of communications/e-commerce at BVCU. “Moreover, mobile banking levels the playing field enabling small financial institutions to compete head to head with organizations of any size, a key reason for incorporating Tyfone’s next-generation banking technology to expand mobile banking options for our members. Giving members the flexibility to send money to anyone securely is a natural next step in maximizing world-class mobile banking services.”

Acculynk’s Payzur is a 100 percent white-labeled P2P solution that allows a customer to send funds simply by authenticating the mobile- or Web-initiated transaction with his bank-issued PIN via the PaySecure® patented online graphical PIN pad. Since Payzur is not ACH-based, there is no enrollment or waiting period for consumers to begin using the service. Payzur is fully brandable by the financial institution, and Acculynk anticipates that financial institutions will choose to private label the service.

“Acculynk’s debit-based Payzur P2P service provides financial institutions with an inherently ‘sticky’ product that reinforces the financial institution’s brand, encourages PIN Debit card use and provides real-time money movement, which is a ‘must have’ for today’s consumers,” said Sandra Chesnutt, general manager Payzur, Acculynk. “Working with Tyfone on the inaugural in-app mobile deployment is a major milestone for Payzur. Tyfone’s team is very thorough and we look forward to many more deployments with Tyfone in the future.”

P2P at Money2020

Tyfone will highlight the BVCU/Acculynk mobile banking solution at booth 616 at the Money2020 conference held in Las Vegas, October 6-10, at the Aria Resort & Casino.

About Acculynk

Acculynk secures online transactions with a suite of software-only services backed by a patented authentication and encryption framework that provides greater security for issuers, EFT networks, merchants and payment processors. Acculynk’s PaySecure® utilizes a graphical PIN-pad for the secure entry of a consumer’s PIN online and is available to merchants through existing acquirer relationships, enabling speedy implementation. PaySecure is currently enabled on over 6,000 merchant websites. Acculynk has partnerships with 11 EFT networks to process PaySecure transactions and with six leading payment processors, and is certified with PULSE, First Data and Master Card, among other key industry leaders. Additionally, Acculynk solutions include PayLeap, a gateway and acquiring and card processing services, and Payzur, a debit-based P2P solution. Acculynk contracts with financial institutions directly and through channel partners to offer the Payzur p-commerce solution to their customers. Visit http://www.acculynk.com.

About Boulder Valley Credit Union

BVCU was founded in 1959 by a group of Boulder Valley School District employees who were resolute to form a cooperative to promote economic prosperity. BVCU has remained a member-owned, not-for-profit, and eco-conscious financial cooperative. BVCU is committed to helping its members achieve their financial goals by offering better rates on savings and loans, lower fees, and professional, impartial consumer information. BVCU manages over $300 million in assets from over 21,000 members. BVCU’s membership is available to anyone who lives or works in Boulder County, Broomfield County, Estes Park and surrounding towns as well as hundreds of select employer groups in Colorado including Boulder Valley School District, Boulder Community Hospital, and Ball Corporation. BVCU provides services to its members via five local branches and a large national network of over 4,500 CU Service Centers, over 28,000 ATMs, a call center, and an eBranch. For more information visit www.bvcu.org.

About Tyfone

Tyfone is a pioneer in mobile security and transaction services for financial, government, B2B, healthcare, and other enterprises. It has more than 400 issued invention claims and has more than 90 issued and pending patents that enable ID and transaction security on any (mobile) device. Tyfone’s mobile apps, transaction software and Connected Smart Card (CSC) security hardware enable ID and transaction security on any mobile OS or device. The company’s mobile solution has processed over 20 million transactions and has helped transact over $300 million. Tyfone customers include 2 of the top 10 member-owned financial institutions (Credit Unions) in the U.S. and the company recently signed a strategic agreement with In-Q-Tel to bring Tyfone’s mobile security solutions to the U.S. Government. Tyfone has its corporate headquarters in Portland, Oregon and its Asia-Pacific headquarters in Bangalore, the “Silicon Valley of India.”

Tyfone, the Connected Smart Card, CSC, SideSafe, SideTap, SideKey, SideBand and u4ia are trademarks of Tyfone, Inc. All others names are the property of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Pentaho has announced orchestration capabilities that streamline the entire machine learning workflow and enable teams of data scientists, engineers and analysts to train, tune, test and deploy predictive models. Pentaho’s Data Integration and analytics platform ends the ‘gridlock’ associated with machine learning by enabling smooth team collaboration, maximizing limited data science resources and putting predictive models to work on big data faster – regardless of use case, industry, or languag...