In the push to accommodate technological innovation, the $3.5billion Mountain America Credit Union recently introduced a new person-to-person paymentsystem.
|Mountain America's Send Money — powered by PayPal – is a fast,easy way to send money to anyone, anytime and anywhere, the420,000-member Utah credit union said.
|Send Money is available through Mountain America's onlinebanking and mobile app. All members need to complete a transactionis a mobile number or an email address of the recipient.
|“Financial companies are beginning to realize that simple moneytransfer capabilities will not fully satisfy their customers,” saidRob Cummings, senior vice president of online and mobile bankingfor Mountain America. “Consumers are asking for the ability topay their friends electronically, including splitting checks atrestaurants, paying babysitter wages via digital money, or evensharing in monthly rent. And customers want this service to be freeand instantaneous. Send Money does all this, and more.”
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