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.
MADISON, Wis. (5/14/10)--The Credit Union National Association (CUNA) has partnered with Celent, a Boston-based financial services research and consulting firm, to provide CUNA-affiliated credit unions with access to Celent research reports at reduced rates. “There’s demand for high-quality business strategy and technology information,” Doug Benzine, CUNA’s vice president of business publishing. “CUNA looked at a number of providers in the financial services research space and found that Celent stood out above the rest, in terms of the combination of its industry presence, credibility and expertise; the applicability of its information; and its willingness to work with us on a pricing model that would greatly benefit our affiliated credit unions.” Celent research reports provide trends analysis, best practices, and market analysis on banking technology and business strategy. The partnership will provide credit unions with valuable information, enabling them to create and sustain a competitive advantage, CUNA said. For more information, use the link.