Original use of online banking by SEFCU. Interesting to have an application access from inside FB. It will be interesting to follow the security considerations there.
Albany, New York-based credit union SEFCU is the latest financial institution looking to tap the Facebook generation by launching a banking application on the social networking site.
The tool, developed by mobile banking specialist MShift, provides SEFCU members with secure, one-click access to online account information. All data is encrypted with a minimum of 128 bits and no user data is stored on the Facebook servers.
Bankwatch 