ORLANDO, Fla. (3/22/10)--uMonitor has introduced a person-to-person (P2P) money transfer service as a part of uTransfer Release 5.0. uTransfer allows users to move money online in a secure environment. The solution, which has been available since 2003, is used by credit unions and banks of varying asset sizes. The new P2P service will let consumers send and receive money electronically via e-mail and mobile phone to and from any third party with a credit union account. uTransfer Release 5.0 also has expanded back-office reporting, analytics, support, risk management and operational capabilities, uMonitor said. “Facilitating transactions between credit union members’ and their friends and family not only enhances service for the existing members, but also will provide a point of contact into new relationships,” said Dinesh Sheth, uMonitor CEO. uMonitor’s solutions include New Account Setup and Online Funding with Switch Kit, New Loan Application Processing, Funds Transfer Service, Bill Presentment and Payment Solutions, Premium Account Management Service, and Advisor-Client Relationship Management.