Press
Person-to-Person Payment Service Gets a Reboot
Nathan Schmidt
EVP Marketing
San Diego County Credit Union
6545 Sequence Drive, San Diego, CA 92121
P: (858) 597-2504
nschmidt@sdccu.com
San Diego County Credit Union Customers Become ‘Early Adopters’
SAN DIEGO, Calif., (June 27, 2013)—San Diego County Credit Union® (SDCCU®), San Diego’s largest locally-owned financial institution, is re-launching its person-to-person payment service under a new name, Popmoney® (formally known as ZashPaySM). SDCCU® is now providing its customers with a way to “Pay Other People” (POP) with a greater ability to send and receive funds to and from other financial institutions anywhere in the world.
In addition to using an email address or a mobile phone number, SDCCU® customers can now complete financial transactions using their checking and/or savings account number without the traditional banking requirements for which they have become accustomed. New features also include the ability to send an e-greeting to recipients, add multiple email addresses and mobile phone numbers and utilize a centralized dashboard showing deposited payments and payment requests.
“Our electronic person-to-person payment service, Popmoney, is the easiest way to send money to friends and family. Plus, as with all of our convenient eServices, Popmoney is highly secure which provides peace of mind to our customers,” said Teresa Halleck, San Diego County CrPdit Union® President & CEO.
Popmoney is part of SDCCU’s Bill Payer Plus, a highly secure transaction service with the latest anti-fraud technology, industry leading regulatory and security standards. Popmoney is offered to financial institutions across the U.S. by Fiserv, Inc., a leading provider of information management and electronic commerce systems for the financial services industry and CashEdge, the maker of the Intelligent Money Movement™ platform.
The FREE eService can be accessed through SDCCU’s online bill pay platform, Bill Payer Plus™. Instead of writing a check or going to the ATM, Popmoney users can perform transactions faster, with ease and anywhere via smartphones. Recipients will receive an email or text message with details on how to claim their money and funds will be deposited in their account in as little as one business day.
Although direct personal payments are not new to the global market place, San Diego County Credit Union® was first to market with the product in San Diego, rounding out its mobile banking technology platform. The Popmoney network includes 1,400 U.S. financial institutions.
San Diego County Credit Union® is San Diego’s largest locally-owned financial institution serving San Diego, Riverside and Orange counties. SDCCU® has assets of $5.7 billion, 28 convenient branch locations and 30,000 surcharge-FREE ATMs. >From FREE Checking with eStatements and SDCCU® Mobile Deposit, to home and auto loans, Visa® credit cards, money market accounts and business banking services, including commercial real estate loans; SDCCU® offers more than 20 free services to its nearly 235,000 customers. SDCCU® is federally insured by NCUA and is an equal housing lender. For more information, visit www.sdccu.com.