21 February 2018
visit www.ebaday.com

CashEdge signs PNC and First Hawaiian to P2P payments service

18 December 2009  |  3448 views  |  0 Source: CashEdge

CashEdge, the leading provider of Intelligent Money Movement services, announced today that two top U.S. banks are the first in the nation to launch POPmoney, its groundbreaking new email and mobile person-to-person (P2P) payments service offered through banks.

Five additional financial institutions have signed on to launch the service in early 2010, demonstrating strong momentum for the innovative new P2P payments service.

POPmoney is the first email and mobile person-to-person payments service for financial institutions that allows bank customers to send an electronic payment directly from their online or mobile banking service, by simply using the recipient's email address, mobile phone number or bank account information. Likewise, the recipient of the payment can receive the funds directly into his or her account at any bank through online banking, if the bank offers POPmoney, or at www.POPmoney.com. POPmoney includes support for text messaging, WAP and downloadable mobile applications, enabling financial institutions to extend their P2P functionality to mobile phones.

"The launch of POPmoney by the first two banks is a very exciting and important milestone for CashEdge and for the payments industry overall," said Sanjeev Dheer, CEO and President, CashEdge Inc. "Consumers have been demanding online and mobile payment options that are simple and secure, and we strongly believe that banks are the best provider of these services. These two banks are the first of many who will offer POPmoney to their customers in the next year, ushering in a new era in P2P payments."

Consumers can visit POPmoney.com to view the current list of participating banks. Customers of participating banks can access POPmoney through their bank's online banking or at POPmoney.com.

POPmoney leverages the proven reliability, security and robustness of CashEdge's money movement platform, used by most of the nation's largest banks, which in 2008 processed nearly $50 billion in online funds transfers for bank customers. For current CashEdge clients, POPmoney is a simple upgrade of their existing TransferNow service.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comRegister for the webinarvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10068 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9683 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8453 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7112 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6811 views 0 | 7 tweets | 5 linkedin

Featured job

to £100K base, double OTE, benefits
London, UK

Find your next job