Patelco Mobile Banking Integrates P2P
Patelco Credit Union has integrated person-to-person (P2P) payments into its mobile banking offering.
The $3.7 billion San Francisco institution is the first to use MShift Inc.'s Mobile Popmoney solution integrated in a way that allows P2P fund transfers to be made via e-mail or text message without using a separate log-in, the company and credit union said.
MShift, a Silicon Valley-based provider of mobile banking solutions, partnered with payments specialist CashEdge to enable the service.
MShift and Patelco first partnered in 2001 in one of the first mobile banking deployments.