First National Bank of Pennsylvania recently announced that it is one of the first banks in the country, and the first bank in Pennsylvania, to introduce Popmoney Instant Payments, a new feature within the Popmoney personal payment service that allows FNB online banking customers with an FNB debit card to transfer money in real time to other people.
Popmoney, a Fiserv product which FNB has offered since 2012, allows FNB customers to quickly and easily request money or send payments using the recipient's email address, mobile phone number or bank account information. Customers will now have the convenience of sending money immediately, without the need for cash or the traditional delays associated with other forms of money movement, such as check or ACH and without the hassle and expense of a wire transfer.
FNB customers enrolled in Popmoney will see a new instant payment option within Online Banking when entering a payment to an eligible recipient. The new instant payment option leverages the customer's debit card to increase the speed of the payment, therefore requiring the sender and recipient of Popmoney Instant Payments to have a debit card in the STAR or Accel network to take advantage of this service. This new feature further reinforces FNB's commitment to investing in technology to add value to customer relationships. In April of this year, First National Bank significantly enhanced both its Mobile and Online Banking services.
"First National Bank will continue to aggressively invest in technology to improve the delivery of our products and services," notes Samuel Kirsch, SVP of Electronic Delivery. "We already match services offered by some of the largest financial institutions in the nation, and we will continue to use leading edge technology to meet the rapidly evolving needs of our current customers and to attract new customers."