Through this integration, Tyfone is offering deposit functionalities, allowing funds to be directly deposited into member accounts. Credit unions are set to be able to offer members a mobile application, including mobile deposit and bill payments. In order to make a deposit through the application, members need to snap pictures of their endorsed cheques and submit them for processing.
In recent news, Tyfone has entered an agreement with Protege Sistemas of Brazil to bring the suite of Tyfone mobility services, including mobile banking, mobile wallet and mobile ticketing for mass transit with NFC to Brazil and Latin America.
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