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28 May 2013

Moven has launched a closed beta test of its services

US mobile-based financial services provider Moven has launched a closed beta test of its services. Moven is advertising itself as a cardless and branchless alternative to traditional lenders, and is working with partners that have charters and FDIC insurance.

Customers will receive a contactless MasterCard sticker which they can attach to their phone and link to the Moven app for physical payments. Users will also be able to pay friends through Facebook, deposit cheques from their handset, and withdraw cash for free from thousands of ATMs across the US.