P2P Transfers Become a Bank Reality

August 2009
Bank Technology News;Aug2009, Vol. 22 Issue 8, p1
Trade Publication
The article reports on the launch of a Person-to-Person (P-to-P) payment service for banks by CashEdge Inc., a provider of account-to-account transfer services, in 2009 in the U.S. The company plans to provide POPmoney services to existing customers and is testing an earlier version of POPmoney with a regional bank. It is noted that several banks tried to launch P-to-P services, but many of these failed since they were single-bank focused, but the system of CashEdge Inc. could address the issue.


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