June 25, 2014
On 24th June 2014, leading provider of prepaid mobile money management solutions - Cachet Financial Solutions – announced that it has partnered with Navy Federal Credit Union, in order to implement a money management tool aimed at students. Navy Federal Credit Union is the world’s largest credit union.
'Cachet's intuitive mobile application makes the Navy Federal Buxx program even more convenient for students and parents to responsibly and securely manage money. We are excited to offer a tool that makes our members' lives easier, said Manager, Debit Card Services for Navy Federal Credit Union, Elizabeth Dean, in a press release. In fact, within the first three months, 20 percent of cardholders downloaded the mobile application,' she added.
'Select Mobile Money gives Navy Federal Visa® Buxx cardholders an incredibly convenient tool for banking on the go. Innovative financial institutions like Navy Federal Credit Union are leveraging the power of prepaid and mobile to better serve their members' changing needs,' commented the President and CEO, Cachet Financial Solutions, Jeffrey Mack, in the same release.