We’ve Partnered with the STAR Network to Make it Even Easier for Banks to offer Mobile Money Services

September 8th, 2010

Today we announced our partnership with the STAR Network. STAR is a First Data company and a leading debit card network. Our partnership with STAR will enable over 4800 banks and credit unions that already use the STAR network to easily bring their own branded mobile money service to market, leveraging their existing connections and back office processes that they already have established with STAR.

This new offering is instant, making it unique in the market. The feedback that we get from users is that instant is  expected in mobile and our work with STAR is designed to deliver on that expectation. It is exciting for us to be the first to offer this. Now, 80 million plus account holders that have a STAR debit card have instant capabilities that are connected.

This new offering enables banks to give their customers the ability to send and transfer money to anyone who can get instant access to the funds, even if they bank at different banks. This is great for families in different parts of the country who may have accounts at different financial institutions. It will also enable customers to get paid for goods or services and receive those payments right into their own bank account with instant access to the funds.