Arvest Brings payWave Debit Card to Tulsa

Arvest Bank is offering customers of its NEXT program a new debit card with Visa payWave technology, a feature allowing payments without contact.
NEXT is a new division of Arvest focusing on the young up and comers in Tulsa. Arvest reported that it is the first to introduce this technology to the local market.
The Visa payWave technology allows NEXT cardholders to make faster transactions by waving their debit cards a short distance from special payment terminals. Cardholders never need to hand over their cards to a cashier, making the Visa payWave debit card a faster and more convenient alternative to traditional debit cards.
“Today’s young professionals are seeking assistance in making decisions about their present and long-term financial goals,” said Karisha Arnett, Arvest vice president and NEXT director. “Creating our NEXT division was one way for Arvest to meet these needs and the Visa payWave technology fits their busy, on-the-go lifestyles.”
The NEXT card serves as a regular debit card and can be used at ATM terminals and traditional locations that accept Visa debit cards. Locations within the Tulsa area outfitted to accept contactless payments include QuikTrip, Taco Bueno, McDonald’s, Sbarro, Petco, Subway, Walgreens, Best Buy, Arby’s, AMC Theaters, Office Depot and KFC.
Along with the new debit card, NEXT also offers its customers educational seminars, personalized services for mortgage and auto loans, asset management services, retirement planning and assistance with investment strategies.
“By targeting young professionals and offering them the latest in banking technology, we’re reaching out to the next generation of business professionals and hoping to guide them toward a successful and sound financial future,” said Arnett.
Along with the NEXT debit card, the NEXT program also offers its members incentives such as Starbucks gift cards, Arvest reward bonus points and exclusive invitations to financial forums.
The headquarters for Tulsa’s NEXT division is at the Arvest Brookside branch, 3409 S. Peoria Ave.
Tulsa Bankers Complete OBA Commercial Lending School
Mary Burchett, commercial lending relationship specialist at ONB Bank, and Terry Burns, lender at Citizens Security Bank, recently completed the Oklahoma Bankers Association 2009 Commercial Lending School at Oklahoma State University in Stillwater.
The OBA Commercial Lending School is designed to prepare bankers to serve effectively as commercial loan officers. Burchett and Burns were among 26 students who attended the school in Stillwater. Students learn about the steps they should take in evaluating business loan requests, how businesses are structured, how they compete and how to evaluate the management of business borrowers.
They also studied factors that affect loan pricing and approaches to loan structuring and administrations. Students were given an opportunity to apply these analytical techniques in a lending situation case study.
TTCU The Credit Union Launches Mobile Branch
TTCU The Credit Union has launched what it says is the first local wireless banking system provided by a credit union for its members.
TTCU’s Mobile Branch allows members to use their Internet-enabled phones and other wireless devices to securely access their accounts. Members are now able to check balances, pay bills, transfer money, look up interest rates or locate branches and ATMs whenever they want, wherever they are.
TTCU members can use the new Mobile Branch, free from any Internet-enabled device, regardless of carrier. There are no downloads required or registration necessary. If a member already uses TTCU’s online banking application Virtual Branch, he can use Mobile Branch. Members login using their regular account and password information.
TTCU’s new Mobile Branch is encrypted using the Wireless Transport Layer Security (WTLS) protocol, which provides the highest level of security available. In addition, any session is automatically timed out after five minutes of inactivity for extra protection. Passwords and account information are never stored at any stage.
“We do our best to offer our members the latest technology while still ensuring their accounts are secure,” said Dan Bowling, TTCU chief information officer. “Now our members can manage their money on the go. That’s a feature sure to keep our members happy and loyal.”

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