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UMonitor introduces mobile version of online account opening
LAS VEGAS (11/10/10)--UMonitor introduced a mobile version of its online account opening and person-to-person (P2P) payment and account-to-account (A2A) money transfer services at the BAI Retail Delivery Conference. The mobile service allows credit union members who use the company’s uOpen, uFund or uTransfer services to use a smart phone to open and fund new accounts and make A2A or P2P transfers. A uMonitor release said multi-channel integration is the first step in deploying next generation banking services. The new mobile service is part of the company’s strategic plan to create a “ubiquitous” banking presence, the release said. There are currently 60 million smart phone users in the U.S., with smart phones expected to outnumber feature phones by year-end 2011, according to predictions from The Nielsen Co., New York. Back in March, uMonitor introduced P2P money transfer service as a part of uTransfer Release 5.0 (News Now March 22). uTransfer, available since 2003, allows users to move money online in a secure environment. The P2P transfer service lets consumers send and receive money electronically via e-mail and mobile phone to and from any third party with a credit union account.


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