The $1.5 billion Technology Credit Union in San Jose, Calif.,has announced it will be the nation's first financial institutionto enable real-time, person-to-person payments from its ATMs toalmost anyone in the world with a mobile phone or e-mail address(more than 60 countries worldwide), using a new payments servicefrom NCR and PayPal.

In a statement, Dan Schatt, general manager of financialinnovations for PayPal, said, “We're thrilled that TechnologyCredit Union is extending our peer-to-peer payment expertise to theATM machine. With just a mobile phone number and a few taps on aTech CU NCR SelfServ ATM, Tech CU customers will be able to makeP2P money transfers quickly, easily and securely to anyone's PayPalaccount.”

“ATMs, mobile phones and online banking are increasinglybecoming the main channels our members use for their banking,” saidTech CU President/CEO Barbara Kamm in that same statement. “Webelieve this innovative payment solution will spur more financialinteractions through those channels. We plan to have thiscapability on all of our electronic platforms by early next year sothat our members can choose the payment or transfer option that'smost convenient for them.”