Fiserv Unveils ZashPay – P2P Payments via Online Banking
Fiserv has announced ZashPay, a new person-to-person payments service that “will allow consumers to tap into a community where they can quickly send or receive money using their existing online banking accounts. With ZashPay, consumers will be able to send money to anyone they know using only an e-mail address or mobile phone number. The payment will be deducted directly from the sender’s banking account and deposited directly into the recipient’s account in as little as one business day, utilizing the same secure processes as a typical online banking transaction.” Fiserv has also launched a Facebook page for ZashPay.
ZashPay will be available to a network of more than 3,100 financial institutions and 16 million consumers that already use the CheckFree® RXP® online bill payment service from Fiserv. ZashPay will be integrated into the online banking sites of financial institutions that choose to offer the service. A public website will also allow consumers whose financial institutions are not part of the network to use ZashPay to send or receive money the easy way. The service will be available through participating financial institutions and at ZashPay.com early in the summer of 2010.
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