Using MasterCard MoneySend option customers in the US can initiate or request money transfer via their iPhone with participating banks and credit unions, or when they create a virtual prepaid account through Bancorp Bank that is linked to an existing MasterCard payment card or checking account.
Registered MoneySend users have the ability to:
- Accept credit or debit card payments
- Send money to family members
- Pay for informal goods and services
- Request money from people who owe you money
- Simplify business or non-profit collection effort the Request Funds feature
- Manage MoneySend transaction history from an iPhone or iPad.
