CashEdge, the provider of intelligent money movement services, and Firethorn Holdings, a Qualcomm company, have entered into a strategic relationship to offer an integrated mobile person-to-person (P2P) payments solution integrating CashEdge’s POPmoney P2P payments service and Firethorn’s Mobile Wallet solution.
CashEdge said that the integrated mobile P2P solution will enable financial institutions to offer their customers the ability to send electronic payments using CashEdge’s POPmoney from within their Firethorn mobile banking application, by using the email address or mobile phone number of the recipient. The firm added that this mobile P2P banking solution will give consumers control over their finances, enabling them to pay other people whenever and wherever they want.
Firethorn’s Mobile Wallet solution enables bank customers to use their mobile devices to view account balances, check credit card balances, transfer funds between accounts, view and pay bills, and access other services such as loyalty programs and targeted offers.
Ben Ackerman, vice president of product strategy for Firethorn, said: “Consumers are demanding new payment solutions, particularly the ability to conveniently and securely send payments while on the go. This Firethorn and CashEdge relationship is an excellent fit, both in terms of business and technical capabilities. We already have many common customers and prospects who have been asking for a holistic P2P solution, and now we can put those customers on the path to mobile commerce.”
Neil Platt, senior vice president and general manager of US banking at CashEdge, said: “Firethorn’s Mobile Wallet application is an innovative service that successfully helps meet the demands of today’s consumers for easy and convenient mobile banking solutions. CashEdge is always looking for opportunities to broaden the scope of our services and deliver cutting-edge services to financial institutions, and working with Firethorn further enables us to meet those goals.”
