A small business version of the Popmoney person-to-person payments solution has been launched by CashEdge Inc.
The service allows users to pay vendors and employees electronically using only an e-mail address or mobile number or with an account number, the company said.
Popmoney for Small Business–which the company calls the first of its kind in the P2P space–also includes invoicing, ACH and credit card capability and payment tracking either through financial institution banking sites or mobile applications on the Popmoney platform.
New York-based CashEdge launched its Popmoney service for consumers at the end of last year and said it is currently offered by 175 financial institutions–including $9 billion BECU in Seattle and $3.7 billion Patelco CU in San Francisco and at eight of the nation's 10 largest banks.
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