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Fiserv unveils P2P payments service
BROOKFIELD, Wis. (5/14/10)--Fiserv has introduced ZashPay, a person-to-person payments service that will allow consumers to send or receive money with existing online bank accounts. “Consumers are looking for faster and easier ways to send and receive money among their friends, family, neighbors and colleagues, yet current electronic payment options are often a hassle and too slow,” said Erich Litch, senior vice president and general manager of Consumer Services at Fiserv. “ZashPay will be accessible through the online banking sites of participating banks and credit unions.” With ZashPay, consumers can send money to anyone they know using only an e-mail address or mobile phone number. The payment is taken from a sender’s account and deposited into a recipient’s account in one business day (Wireless News May 13). ZashPay will be available to more than 3,100 financial institutions and 16 million consumers who use Fiserv’s CheckFree RXP online bill pay service. Consumers can visit ZashPay.com for a preview of the service or to request that their financial institutions offer it.


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