NYCE Signs P2P Deal For CashEdges Popmoney
JACKSONVILLE, Fla. – NYCE Payments on Thursday said it will begin offering CashEdge’s Popmoney person-to-person payment solution to its more than 3,000 credit union and bank customers.
Popmoney is an electronic payment solution that enables consumers to submit payments directly to other consumers (or small businesses) from their personal accounts via their online or mobile banking account, simply by using the recipient’s e-mail address, mobile number or bank account information.
NYCE-supported institutions will be able to offer a P2P option that uses their existing payments network. The NYCE Payments Network provides the ability to transmit the funds between the sender’s account and the receiver’s account in real time, resulting in the immediate availability of funds.
Popmoney can be integrated seamlessly to a credit union’s or bank’s online banking and mobile applications making P2P payments available to a wide audience of financial institutions.
NYCE is a unit of Fidelity National Information.