Fiserv rolls out new ZashPay P2P money transfer service

Tuesday 11 May 2010 09:14 CET | News

US financial services technology provider Fiserv has launched ZashPay, a new person-to-person (P2P) payments service designed to allow customers send or receive money via their online banking accounts.

Fiserv’s ZashPay is set to be made available to a network of more than 3,100 financial institutions and 16 million consumers that already use the CheckFree online bill payment service from Fiserv. The service can be used as soon as financial institutions integrate it in to their online banking sites.

The confirmed amount of money will be retrieved from the senders banking account and deposited into the recipients account, utilizing the same processes as in the case of a typical online banking transaction. Confirmation of payment will be sent to the recipients e-mail address or mobile number.

A public website will also allow consumers whose financial institutions are not part of the network to use ZashPay in order to send or receive money. The service will be made available through participating financial institutions and at early in the summer of 2010.


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Keywords: Fiserv, ZashPay, CheckFree, person-to-person payments service, online banking
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech