Fiserv has announced that it will combine the Popmoney and ZashPay person-to-person (P2P) payment networks, and market the enhanced service as Popmoney.
“The combination of Popmoney and ZashPay will accelerate the momentum underway in bank-focused person-to-person payments,” said Sanjeev Dheer, division president, Fiserv. “Consumers strongly prefer the convenience of their banking relationship for conducting these types of transactions. The expanded network enhances the usability of the service and accelerates adoption among consumers and small businesses.”
All clients will be upgraded to the enhanced Popmoney product and network by mid-2012.