Boeing Credit Union Launches Person-to-Person Payments

Boeing Employees' Credit Union, the largest credit union in Washington, has launched CashEdge's person-to-person payments service, Popmoney, to its members. BECU, which has over 600,000 members, began offering Popmoney on March 20 through its website.

Popmoney is an email and mobile person-to-person payments service that allows credit union members and bank customers to send money directly from their online or mobile banking service, using the recipient's email, mobile number or bank account information. Popmoney provides support for text messaging, WAP and downloadable mobile applications, enabling financial institutions to extend their P2P functionality to mobile phones.