Team One Credit Union, Saginaw, MI and MShift have begun pilot testing MShift’s patented AnyWhereMobile mobile payment network (AnyWhereMobile) with a locally owned restaurant in Saginaw.
AnyWhereMobile’s interchange fees are significantly lower than those of plastic card networks on which Apple Pay and Google Wallet depend, enabling merchants to provide Team One members with loyalty incentives and rewards for using AnyWhereMobile.
AnyWhereMobile’s innovative approach to mobile payments allows Team One to continue earning good interchange income while at the same time provides a convenient mobile payment service that benefits their members and the merchants in their community.
AnyWhereMobile is seamlessly integrated into Team One’s branded mobile banking app. After registering to use AnyWhereMobile through the Team One mobile banking app, Team One members can quickly, easily and securely make purchases at participating merchants and send real-time Person-to-Person (P2P) payments to anyone via their mobile phone number or email address. The roadmap for AnyWhereMobile includes adding the ability to make online and in-App purchases as well as support for NFC and finger print recognition.
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