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Fiserv To Launch P2P Service

Fiserv Inc. plans to leverage its CheckFree bill pay network for a new person-to-person (P2P) service that will allow users to send payment to anyone with an e-mail address or mobile phone number.

By Marc Rapport | Updated on June 15, 2010

Fiserv Inc. plans to leverage its CheckFree bill pay network for a new person-to-person (P2P) service that will allow users to send payment to anyone with an e-mail address or mobile phone number.

The company said its ZashPay service will be available to the more than 3,100 financial institutions and 16 million consumers using CheckFree, which last year processed about 1.35 billion payments. It also will be available through a public website to consumers whose financial institutions are not part of the CheckFree network.

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