Massachusetts-based white-label mobile wallet provider Paydiant has announced that it has been selected by CU Wallet, the Los Angeles-based mobile wallet initiative for credit unions, a press release revealed on October 8.
CU Wallet will integrate Paydiant’s complete capabilities into its own application including cardless cash access, e-receipts, mobile payments and offer redemption.
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“[Paydiant] also enables credit unions to deploy these capabilities sooner and with far less expense,” CU Wallet co-founder Paul Fiore said in a October 8 statement. “Just as importantly, their platform will allow us to focus on delivering the credit-union specific business, operation and go-to-market capabilities that CU Wallet is uniquely positioned to bring to the market.”
“That’s a win for everyone involved,” Fiore added.
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