US-based Bank of the West has deployed CashEdge's person-to-person (P2P) payments service Popmoney. CashEdge provides online financial applications for banks, credit unions and wealth management companies.
CashEdge claimed that its Popmoney payments service will allow Bank of the West customers the ability to send money from their bank account, using a recipient’s email address, mobile phone number or bank account information. Popmoney provides support for text messaging, WAP and downloadable mobile applications.
Matt Macomber, head of internet banking at Bank of the West, said: “Today, consumers want and need a fast, easy, and secure way to transfer money to other people and CashEdge’s Popmoney solution enables us to meet this demand. Now with Popmoney, our customers have the comprehensive tools they need on bankofthewest.com to manage their money, and we can meet the increasing demand for online person-to-person payments.”
Neil Platt, senior vice president and general manager for US banking at CashEdge, said: “There is clear and growing consumer demand for email and mobile payment services provided by their financial institutions, and we look forward to working with Bank of the West and our other clients to deliver this capability to their customers.”