TD Bank introduces P2P payments with Popmoney from Fiserv

Source: TD Bank

TD Bank, America's Most Convenient Bank®, recently launched person-to-person payment and external transfer services, providing customers with convenient and secure options to transfer money to accounts at any U.S. bank or to other people.

The services, available via TDBank.com, are available for all eligible personal banking accounts that are enrolled in TD Bank Online Banking and give customers the option to schedule one-time, future-dated or recurring transfers to or from their own non-TD Bank accounts, send money to another person's TD Bank or non-TD Bank account, or request money from another person. Currently, person-to-person payments and transfers are available to and from U.S.-based bank accounts only.

TD Bank partnered with Fiserv to offer Popmoney® to provide customers person-to-person payment options, complementing the bank's convenient online banking tools. With Popmoney, customers can send money to or request money from people they know or owe, using that person's email address or mobile phone number.

"Customers want services that make banking easier for them," said Rizwan Khalfan, Senior Vice President, Digital Channels, TD Bank Group. "Secure ways to manage their money online is increasingly important to people, and these services help meet the needs of their on-the-go lifestyles."

The bank's external transfer service enables customers to use their eligible TD Bank accounts to transfer funds to or from their transaction accounts outside of TD Bank.

"From writing a check to using Bill Pay or Popmoney, we've given our customers choices so they can bank how they want, when they want," said Nandita Bakhshi, Head of Retail Distribution and Product for TD Bank.

Customers must enroll by accepting the Terms and Conditions through TD Bank Online Banking and must have a U.S. address, a unique U.S. phone number, a U.S.-issued social security number, and a unique and valid e-mail address.

Online money movement features are currently only available through TD Bank Online Banking using eligible personal banking accounts. A mobile version of online money movement will be available later this year.

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