Wescom Resources Group (WRG), a provider of technology solutions for credit unions, announced today that it has formed a partnership agreement with PayPal to offer Person-2-Person (P2P) payment services to credit unions.
For the initial offer, WRG has integrated the PayPal Send Money for Financial Institutions service into its MemberEdge Mobile Banking solution, which is available to credit unions nationwide.
With PayPal Send Money integrated into MemberEdge Mobile, end users can pay anyone, anywhere, with an email address or mobile number directly from their mobile banking application. "We are very proud to be working with PayPal onP2P," said Tim Dolan, President of WRG. "They have a well-known, trusted brand in the P2P payments industry, and their adaptive API enabled us to leverage that into our product, for an end solution that is safe, simple, and ubiquitous. Credit unions that deploy this will delight their members and set themselves apart from competitors."
"We are very excited to work with WRG and their member credit unions to enable P2P and universal money movement," said Dan Schatt, General Manager, Financial Innovations for PayPal. "WRG credit unions will be able to offer their users a truly valuable service - the ability to pay any consumer or business instantly in more than 60 countries where PayPal is accepted."
MemberEdge Mobile Banking is used by a rapidly growing list of credit unions, including some of the largest in the country. These include WRG's Mobile Advisory Group partners, which will be the first credit unions to deploy the WRG / PayPal solution in the coming months. Future WRG P2P offers will include PayPal Send Money incorporated into Online Banking and Bill Pay.