MCU Intro's Account-To-Account Transfers
Municipal Credit Union (MCU) will introduce NYCE's Corp.'s new real-time, account-to-account (A2A) money transfer service to MCU's 300,000 members. MCU is the first financial institution to support NYCE A2A across multiple customer delivery channels-beginning last year with kiosks, now with online banking, and ATMs later this year, according to the company.
To transfer funds using A2A processed on the NYCE network, the sender needs the receiver's ATM/debit card number. A2A requires both the sender and the receiver to hold accounts with financial institutions affiliated with the NYCE Network. For security reasons the receiver's PIN and expiration date are never required.