If credit unions can make P2P free, in real time and through mobile channels, it could explode as a payment tool.
Many credit union members around the country have been enjoying the ease of mobile banking for the past year or so, but until recently, some entrepreneurs still had to schlep to the branch to make a deposit.
BECU’s member account lockouts once caused frustrations and numerous dial-ins to the credit union’s call center.
The ZashPay person-to-person payment network launched by Fiserv Inc. in 2009 will be absorbed by the Popmoney network that Fiserv bought last year with its acquisition of CashEdge.
Fiserv Inc. is combining the ZashPay P2P network it launched in 2009 with the Popmoney network that came with its acquisition of CashEdge last year.
Vendor switch forces move to mobile browser Web banking while new apps built; iPhone app already in place.
"Switch kits" get a workout as disaffected bank customers move on in, many from Bank of America.
SAN FRANCISCO — The biggest players in financial services technology right now might be Google and Facebook. That’s what it felt like at times at the Finovate Spring 2011 showcase last week at the San Francisco Design Center Concourse.
BECU went live on March 20 with person-to-person payments and since then has moved approximately $700,000 for about 5,000 newly enrolled users.