Global InformationPopmoney information
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| Type of business | Division of Fiserv |
|---|---|
Type of site | Online payment system |
| Headquarters | New York, New York, United States |
| Founder(s) |
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| URL | www |
Popmoney was a person-to-person payments service (P2P) developed by CashEdge (now part of Fiserv) and launched in December 2010.[1]
The service enabled individuals to send and receive payments electronically in a manner that is designed to displace traditional check payments. In 2018, some banks began to replace Popmoney with Zelle[citation needed]. Fiserv discontinued the service on June 30, 2023, stating that the majority of its customers had already transitioned to Zelle.[2]
The name "Popmoney" is an acronym for "pay other people money".
- ^ CashEdge (December 10, 2010). "First Two Banks Go Live with CashEdge's POPmoney(TM) Person-to-Person Payments Service" (Press release). PRNewswire. Archived from the original on 22 December 2009.
- ^ Stewart, John (May 31, 2023). "As New Services Roil P2P, Fiserv Gets Set to Shut Down Its Popmoney Network".