Birmingham, Ala.-based Regions Bank today announced Regions Personal Pay, a person-to-person electronic payments service for the checking and money market customers enrolled in online banking.
Powered by Fiserv's ZashPay, Regions Personal Pay allows Region customers to send and receive money from anyone with a U.S. bank account.
"Regions Personal Pay is a reliable solution to pay friends, family or others for everything from a lunch, to sending money to a child in college, to fundraisers, gifts and more," said Chris Cox, head of Regions eBusiness. "In addition to being easy-to-use, Personal Pay uses state-of-the-art security and encryption on every transaction, giving customers both the reliability and stability of Regions behind their transactions and the convenience of a new valuable service at their fingertips."
Regions Personal Pay is accessible through the "Payments" section of Regions online banking. Once a payment has been initiated, the recipient is notified via text message or email. The ZashPay network, of which Regions Personal Pay is a part of, includes more than 700 financial institutions.