The $793 million Financial Partners Credit Union in Downey,Calif., said about 100 transactions totaling $7,000 have beenprocessed through the 50,000-member credit union's new mobileperson-to-person service since its launch earlier this month.
|The Los Angeles-area credit union embedded the offer in itsmobile banking app, originates the transaction and requiresrecipients to have a PayPal account to receive the funds.
|“Financial Partners Credit Union's mobile offering takes aback seat to no one in the market place in serving our growingmembership,” said its president/CEO, Nader Moghaddam.
|“Adding P2P to our robust mobile offering, which alreadyincludes mobile deposit and bill pay, lets our users know we understand the needs of theirbusy, on-the-go lifestyles,” he said.
|Members are finding the “Send Money” P2P feature on theirsmartphones without encouragement from advertising or otherpromotions so far, the credit union said.
|FPCU serves employees and their families in the aviation,aerospace and health care industries in the Los Angeles area andOrange County, with branches in Brea, Downey, Huntington Beach,Orange and Woodland Hills.
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