CU24 will offer its POCKET2POCKET real time P2P payment serviceon CU Mobile Apps from Member Service Solutions LLC.

The Tallahassee, Fla.-based payments network launched POCKET2POCKET in February, 2014. The partnershipwith Franklin, Tenn. based Member Service Solutions LLC willincrease the number of users.

The originator of the transaction will have to be member of aCU24 participating credit union, according to both companies.

The way it works is the user opens the credit union app, clickson P2P, identifies the person they wish to pay, their cell numberand the dollar amount, and then hits send, said Tom Gray, CU MobileApps partner.

According to CU24, the receiving party would not have to enrollto receive the funds. Instead, depending on what information theoriginator supplied, the receiver will receive an email or textmessage that they received the funds and then enter their debitcard number or account number.

Further, the pin pad where users enter the information willscramble it as they enter the numbers, CU24 said.

POCKET2POCKET is an advanced real-time EFT solution, rather thanthe traditional automated clearing house-based method thatcan delay funds transfer by anywhere from 24 to 72 hours, accordingto CU24.