Payments

09:21 AM
Connect Directly
RSS
E-Mail
50%
50%

Fifth Third Bank to Offer P2P Mobile Payments

Cincinnati bank to offer CashEdge's Popmoney email and mobile payments service to customers.

Fifth Third Bank in Cincinnati ($112 billion in assets) has announced plans to offer person-to-person email and mobile payments using the Popmoney service from CashEdge. The service will be offered online through Fifth Third's online banking platform beginning in mid-2011.

Popmoney lets bank customers send money from their online or mobile banking account, using a recipient's email, mobile number or bank account information. Popmoney provides support for text messaging, WAP and downloadable mobile applications.

"CashEdge's Popmoney solution allows us to offer our customers the latest in online money movement functionality," said Larry McClanahan, vice president and director, alternative delivery, Fifth Third Bank. "We are excited to offer our customers a simple and secure way to send funds person to person."

In 2009, CashEdge processed $50 billion in online funds transfers for bank customers.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Dec. 2, 2014
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.