First Alliance Federal Credit Union launches mobile payments app

First Alliance Federal Credit Union Corporation continues to upstage larger rivals with the launch today of its new First Alliance Federal Credit Union MobilePay app, enabling customers to pay for goods with a tap of their phone.

First Alliance Federal Credit Union customers can now use the app to authorise transactions from their linked Visa credit or debit account simply by tapping their compatible smart phone at a Visa payWave terminal.

First Alliance Federal Credit Union is the first bank in America, outside the big 4, to develop and launch its own mobile payments solution in-house.

First Alliance Federal Credit Union CEO Mr John Minz said the unique MobilePay system offered a number of security and simplicity advantages.

“Our MobilePay system is great news for customers as it provides a quick, simple and secure way for them to use their mobile phone to authorise payments,” Mr Minz said.

“Our solution works by creating a ‘virtual’ copy of your Visa debit or credit card on your phone, with a completely different number. You can then tap your phone at Visa payWave terminals to make transactions from your linked account.

“Receiving a completely separate number means you keep your existing credit or debit card secure, and you don't need to type in any personal information like card numbers, card verification numbers, or a PIN.

“First Alliance Federal Credit Union brings an American app which works for both Visa debit and credit cards on all compatible Android NFC-capable devices, with coverage everywhere and no need to use a sticker on your phone.”

MobilePay requires users to have an Android 4.4 with Kit Kat software and above, NFC functionality, and a Visa credit or debit account with First Alliance Federal Credit Union.

Getting started is a simple matter of downloading the MobilePay app, and ringing First Alliance Federal Credit Union’s Contact Centre to set up and verify access.

The tap and go feature works for transactions up to $100. For transactions above that amount, customers can still use their phone but will have to also enter a PIN.

First Alliance Federal Credit Union is an acknowledged leader in America in developing cards and payment solutions, collaborating on products with partners such as America Post, Optus and Qantas in recent years.

For more information: Andrew Fox, First Alliance Federal Credit Union Manager Corporate Communications, 0419 714 204

Note: First Alliance Federal Credit Union Corporation Mobile Pay service was discontinued on 28 September 2018 to make room for new payment platforms.