City National Bank of New Jersey (CNB) and PayToo Corp., announced today that they have formed a partnership that will launch a mobile wallet for banked and unbanked consumers. Consumers will have the security of FDIC insurance and the convenience of a mobile wallet.
As part of the strategic alliance, CNB will provide PayToo with the ability to market their products and services nationally under the PayToo brand. Customers will be able to perform all of their banking; plus load their paycheck, top-up cell phones with 300 carriers, pay bills and transfer money person to person.
