By BankFoxStaff -- posted February 3, 2010
Over the past few weeks, three large banks announced that they launched a new service called PopMoney, a technology that allows consumers to send funds to the mobile phones or email accounts of friends. The service is now available to PNC Bank, FNBO Direct, and First Hawaiian Bank customers, and is similar to a service that Paypal has offered for a while.
The way PopMoney works is that customers login to either their bank web site or mobile phone application, and select the PopMoney option. Next, they enter the email address or phone number of the person to which they wish to send the funds. Finally, they enter the amount of money to be sent.
The recipient of the money then receives an email or text message that provides a code for them to retrieve the funds. From there, they login to the PopMoney.com website via their computer or phone, and enter the code and their own bank’s information. The money is transferred to their bank account within a few days.
This process is essentially identical to PayPal’s “Send Money” feature, but the advantage of using PopMoney instead of PayPal is that it allows customers to send money directly from their own bank account without transferring money first through Paypal as a middle party. ww.youtube.com/watch?v=IL1RTK-wYvk&feature=channel_video_title
rest of story LINK
No comments:
Post a Comment