PenFed Credit Union Introduces Mobile Cash Deposit Service at Retail Locations.

PenFed Credit Union has partnered with InComm Payments to offer members mobile cash deposits at participating retail stores, including Dollar General, Walgreens, and Kroger. Using the PenFed Mobile App, members can generate a one-time use barcode and scan it to complete a cash deposit transaction. This service aims to simplify and streamline cash deposits for PenFed members.

PenFed Credit Union has partnered with InComm Payments to offer members a new mobile cash deposit service at participating retail stores. This innovative feature allows PenFed members to deposit cash directly into their checking accounts using the PenFed Mobile App. The service is available at retail locations such as Dollar General, Walgreens, and Kroger, among others.

Using the PenFed Mobile App, members can generate a one-time use barcode, which they can show to the cashier to scan and complete the deposit transaction. This service aims to simplify and streamline cash deposits for PenFed members, providing a convenient option for those who rely on cash for everyday transactions.

PenFed Chief Marketing Officer and Head of Deposits Gaurav Bhatia stated, "PenFed is excited to offer our 2.9 million members the convenience of banking where they shop in tens of thousands of retail locations in all 50 states, Puerto Rico, and U.S. Virgin Islands. Fewer stops throughout the day means our members will be able to spend more time doing the things they love."

Mark Smith, VP of Sales at InComm Payments, added, "Millions of consumers rely on cash, and they need easy, reliable ways to use paper currency in today's digital payment ecosystems. Our network fulfills that need by providing convenient cash load services in retail locations where many cash users already shop. We are proud to partner with PenFed and deliver their vision of simplifying and streamlining cash deposits for their members."

PenFed Senior Vice President of Consumer Banking Financial Services Brad Patterson noted, "We know our members are busy. We're excited to bring to life a new service that helps make the chore of depositing cash faster and easier. This solution is another important milestone in our longstanding relationship with InComm Payments and our pursuit to provide PenFed members with leading-edge products and services. Mobile cash deposit is an excellent addition to PenFed's self-service options that provides cash-centric members with a new, convenient, and easy-to-use method for depositing cash that support their everyday lives."

For more information, visit PenFed's website at https://www.penfed.org/checking [1].

References:
[1] https://www.prnewswire.com/news-releases/penfed-credit-union-introduces-mobile-cash-deposit-at-participating-retail-stores-302534002.html