View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Dashboards
  2. Deals
April 19, 2013updated 04 Apr 2017 4:12pm

Fiserv launches real time P2P payments

Global financial services provider, Fiserv, has launched Popmoney Instant Payments which allows consumers to send and receive money instantly.

By Sandra Kilhof

Fiserv has rolled out Popmoney Instant Payments, a service designed to enable consumers to send and receive money instantly.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

The P2P payments service is available for US financial institutions that offer Popmoney and will help consumers in need of immediate money transfers. i.e. when making a last-minute rent payment or sending money to family or friends in an emergency.

According to Rahul Gupta, group president of Fiserv Digital Payment Solutions, real-time payments are increasingly important to consumers:

"Expanding our real-time money movement options to include social person-to-person payments positions our financial institution clients to meet consumer expectations and demand, and is part of an ongoing Fiserv initiative to make faster payment options available to consumers," he said.

The Popmoney Instant Payments system facilitates real-time payments via the Accel or STAR payments networks, which allow for funds transfers across retail, biller and social person-to-person payments, and non-Fiserv networks. The firm aims to expand Popmoney to other networks and connection points, making the service available to growing numbers of financial institutions and consumers over time.

Top 10 US retail lender PNC, will be one of the first financial institutions to offer Popmoney Instant Payments.

Thomas Kunz, director of e-Business and payments at PNC Bank said:

"This feature responds to the demands of our technology-savvy customers to transfer funds any time, any day with immediate access by the recipient. We anticipate great interest in this improved technology".

Popmoney is currently offered at more than 1,800 banks and credit unions and at Popmoney.com as a service to consumers.

Related Articles

Fiserv integrates Popmoney and Mobiliti

Fiserv integrates Zashpay & Popmoney for new P2P service

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International