CashEdge said the new service will be offered online through Fifth Third’s online banking platform www.53.com beginning in mid-2011.
According CashEdge, the Popmoney is an email and mobile person-to-person payments service that allows bank customers to send money from their online or mobile banking, by using a recipient’s email, mobile number or bank account information. Popmoney provides support for text messaging, WAP and downloadable mobile applications.
Fifth Third Bank vice president and director of Alternative Delivery Larry McClanahan said CashEdge’s Popmoney solution allows the bank to offer customers the latest in online money movement functionality.
Fifth Third has $112bn in assets and operates 16 affiliates with 1,309 full-service banking centers in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina.
