Consumers can send money P2P through existing online accounts.

• Position: NEW PRODUCTS - Fiserv Inc - Brief article

A NEW PERSON-TO-PERSON (P2P) payment service called ZashPay has been introduced by Fiserv Inc., Brook-field, Wise. The service will allow consumers to tap into a community where they can quickly send or receive money using their existing online banking accounts.

Consumers will be able to send money to anyone they know using only an e-mail address or mobile phone number. The payment will be deducted directly from the sender's banking account and deposited directly into the recipient's account in as little as one business day, utilizing the same secure processes as a typical online banking transaction.

ZashPay will be integrated into the online banking sites of financial institutions that choose to offer the service. A public Web site will also allow consumers whose financial institutions are not part of the network to use ZashPay to send or receive money the easy way.

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