POPmoney is an email and mobile person-to-person payment service that allows customers to send an electronic payment directly from their online bank, by using the recipient’s email address, mobile phone number or bank account information.
Likewise, the recipient of the payment can receive the funds directly into his or her bank account either at a bank that offers POPmoney, such as FNBO Direct, or at POPmoney.com. POPmoney includes support for text messaging, WAP and downloadable mobile applications, enabling financial institutions to extend their P2P functionality to mobile phones.
Rolland Johannsen, president of FNBO Direct, said: “POPmoney provides our customers a simple, secure and convenient way to send money directly from their FNBO Direct accounts to anyone.”
Neil Platt, senior vice president and general manager of US banking at CashEdge, said: “There is clearly a growing demand among consumers for email and mobile payment services provided by their financial institutions, and we look forward to working with FNBO Direct and our other clients to deliver this capability to their customers.”
