MEMPHIS, Tenn. – uMonitor is the latest vendor with a person-to-person payment solution, offering an application to its popular uTransfer account transfer solution.
All new clients who deploy uTransfer can offer P2P service to members to use via e-mail or mobile phone. The user profile function within the service allows financial institutions to segment users to offer one or both services and add parameters such as daily or weekly limits, standard or express transfers, fees, and transaction level authentications.
uMonitor said its P2P service enables members to send and receive money electronically via email and mobile phone to and from any third party with a U.S. credit union or bank account.
