BROOKFIELD, Wis. (5/2/13)--Fiserv Inc., a provider of financial services technology solutions, announced the availability of Popmoney Instant Payments.
Through Fiserv's Popmoney application, consumers can send money to friends, family and service providers, and have it credited to the recipient's account within seconds, 24 hours a day, 365 days a year.
Popmoney is currently offered at more than 1,800 credit unions and banks.
The Popmoney Instant Payments feature extends the functionality of the Popmoney social person-to-person payments service, allowing credit union members to send money to other consumers and have it credited to the recipient's account within seconds. Uses could include making a last-minute rent payment, sending money to a family member in an emergency or paying a small business or service provider upon completion of a project.
Popmoney Instant Payments facilitates real-time payments via connections with Fiserv solutions such as the Accel payments network, which accelerates funds transfers across retail, biller and social person-to-person payments, and non-Fiserv networks. Initially, the service is available to financial institutions that offer Popmoney and are members of the Accel payments network or the STAR Network--a potential reach of hundreds of financial institutions and tens of millions of consumers.