Credit Union Launches First Mobile Banking App for Smartwatches
Credit union customers in Ohio are the first in the country to be able to do mobile banking on their smartwatches, thanks to the new Android Wear app from Wright-Patt Credit Union.
The new app, developed by Digital Insight, is closely related to the current mobile banking application for the credit union. Users must simply download the latest version of the WPCU app, which already has the smartwatch capabilities built in. There is no secondary login or installation process. The app will sync to the Android Wear paired with the phone.
“While we are the first in the country, others will soon follow. We are working on an Apple Watch app that will have similar functionality,” Tracy Fors, Vice President of Marketing and Business Development for WPCU, told the Dayton Daily News.
With the increasing development of smartwear devices on both the Android and iOS platforms, the demand for smartwatch banking apps is only expected to increase in the next few years.
At this time, WPCU’s Android Wear app is only capable of providing a “quick balance” overview. This feature works via Bluetooth, when the phone is in close proximity. Over time, the credit union plans to add additional features to the application, provided the pilot program is a success.
“Within the first week of our launch, users of this feature have checked their balance on average of three times from their Android Wear device,” remarked Marshall Yuan, senior product manager for Digital Insight.