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.
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