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Canadian CUs Debut Mobile P2P

Central 1 Credit Union has joined credit unions in British Columbia and Ontario to launch what they are calling the first mobile person-to-person payments offering from Canadian financial institutions.

By Marc Rapport | Updated on December 08, 2010

Central 1 Credit Union has joined credit unions in British Columbia and Ontario to launch what they are calling the first mobile person-to-person payments offering from Canadian financial institutions.

Prospera CU in Abbotsford, B.C., and Teachers CU in Hamilton, Ont., worked together to launch the Interac e-Transfer payment system that provides near real-time payments via smartphone or computer, the credit unions said.

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