Insta-pay helps bank customers in bind

Insta-pay helps bank customers in bind

(KAIT) - Banks are starting to use a trend called insta-pay.

It makes it easier if somebody forgets their wallet. One now has the option of opening up their mobile banking app and enter in a person one is with email or cell phone number.

That allows one to transfer money from their bank account to the person email or cell phone number's bank account.

The reason for the new technology is the millennial generation who live on electronic devices.

Banks expect to lower the use of checks even more.

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