CashEdge, Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement® services, announced today that it has signed a deal with The Huntington National Bank (Nasdaq:HBAN), one of the largest banks in the Midwest, to provide Popmoney®, CashEdge's person-to-person email and mobile payments service, to its customers.
The service will be offered online through Huntington Online Banking and through Huntington Mobile Banking later in the year.
Popmoney is the leading email and mobile person-to-person payments service to allow bank customers to send money from their online or mobile banking, simply using a recipient's email, mobile number or bank account information. Popmoney provides support for text messaging, WAP and downloadable mobile applications.
Headquartered in Columbus, Ohio, Huntington has $54 billion in assets and more than 11,000 employees. The bank has more than 600 local branches and an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,300 ATMs, throughout its six-state banking franchise: Ohio, Michigan, Indiana, Pennsylvania, West Virginia, and Kentucky.
"At Huntington, our number one priority is creating the best experience for our customers," said Jeff Dennes, Senior Vice President, Director of Online and Mobile Services for Huntington. "Increasingly, our customers are looking for leading-edge online and mobile solutions and more convenience. CashEdge's Popmoney person-to-person transfer network will provide our customers with a fast, simple, and secure way to transfer money to other people."
"There is clear and growing consumer demand for email and mobile payment services provided by their financial institutions," said Neil Platt, Senior Vice President and General Manager, U.S. Banking, CashEdge Inc. "By offering Popmoney to its customers, Huntington is meeting this increased demand, and joining nearly 200 financial institutions, including 6 top 20 U.S. banks, in providing the most secure and reliable email and mobile payments service currently available."
Popmoney is built upon the proven reliability and security of CashEdge's money movement platform, which in 2010 processed over $64 billion in online funds transfers for bank customers. For current CashEdge clients, Popmoney is a is a simple upgrade of their existing TransferNow service.