Press Release: CU Wallet : CU Wallet Sees PayPal Acquisition of Paydiant as Accelerator for Credit Union Branded Mobile Payments

LOS ANGELES--(BUSINESS WIRE)--In response to today's announcement of PayPal's pending acquisition of Paydiant, CU Wallet has issued a formal response deeming this a clear and public validation of CU Wallet's credit union-driven mobile wallet strategy. CU Wallet, a Credit Union Service Organization (CUSO), provides the industry's first credit union-driven mobile payment solution using the Paydiant white label platform. Officially launched in 2013, CU Wallet currently has 87 credit union members.