WEST JORDAN, Utah (8/2/13)--Mountain America CU, West Jordan, Utah, has introduced Send Money--Powered by PayPal, a person-to-person payments solution that allows members to send money by mobile phone or e-mail.
"Financial companies are beginning to realize that simple money transfer capabilities will not fully satisfy their customers," said Rob Cummings, Mountain America CU senior vice president of online and mobile banking.
"Consumers are asking for the ability to pay their friends electronically, including splitting checks at restaurants, paying babysitter wages via digital money, or even sharing in monthly rent. And [members] want this service to be free and instantaneous," he added.
Send Money is offered through Mountain America's online and mobile banking services. To send money to a friend or family member, Send Money users need the recipient's mobile phone number or e-mail address. The funds will be sent instantly to the recipient's PayPal account. Recipients without a PayPal account will be guided to create one and receive the money.