Monitise partners with Card Services for Credit Unions

Mobile payments provider, Monitise has announced a partnership with Card Services for Credit Unions (CSCU), a card-processing association.

The partnership will allow CSCU to offer Monitise mobile banking service – Bank Anywhere – to its 2,600 member credit unions.

Robert Hackney, president of CSCU, said: "The Monitise solution will empower our credit unions to benefit from high levels of engagement in order to maintain member loyalty, acquire new members, grow revenue and combat the growing threat of disintermediation."

Lisa Stanton, president of Americas at Monitise, said: "We are thrilled to be collaborating with CSCU on delivering the most advanced array of mobile banking capabilities to its extensive network of member credit unions."

CSCU is a not-for-profit cooperative founded in 1989 as a card-processing, electronic-payments association exclusively serving credit unions.

Monitise technology platforms are used banks, payment companies, retailers and mobile networks. Over 23m consumers use its suite of products.

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