Popmoney was acquired by Fiserv in 2011, it is a peer-to-peer payment app and online service which allows the user to send or request money directly from a bank account without any stored value like wallet services. Users send money to receiver's mobile/email id, receivers confirm by providing bank account details for direct payment in the account. Popmoney is part of Cashedge.
PRODUCTS & SERVICES:
P2P payment app
The service enables individuals to send and receive payments electronically in a manner that is designed to displace traditional check payments.
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Online Retail Consumers
Popmoney differs from other person-to-person payment services in the manner that transactions take place. Popmoney transactions execute from the sender's checking account to the receiver's checking account directly, there is no requirement for a stored-value account for either participant.