Fiserv Inc. said today it is launching a new person-to-person service that will allow users to send payment to anyone with an e-mail address or mobile phone number.

The ZashPay service will be available to the more than 3,100 financial institutions and 16 million consumers using the CheckFree online bill pay service, Fiserv said. It also will be available through a public website to consumers whose financial institutions are not part of the CheckFree network.

Instead of using a third party, payments will be deposited directly into the recipient's account or the money can be claimed at the ZashPay website and funds will be delivered in as little as one business day, Fiserv said.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.