Why Fifth Third is Launching P2P Mobile Payments - Mobile World Live

Why Fifth Third is Launching P2P Mobile Payments

12 JAN 2011

While many banks have jumped into mobile banking over the past couple ofyears, few have rushed to offer P2P mobile payments. Fifth Third becamean early adopter yesterday when it announced it’s working with CashEdgeto offer mobile payments to its customers."We’re trying to find services that make life convenient for customers, and mobile payments are a big piece of that convenience factor," says Larry McClanahan, vice president and director, alternative delivery, Fifth Third Bank, who spoke to Bank Systems & Technology in an interview. "This person-to-person solution will complement our existing payment suite."In the Popmoney service that the Cincinnati bank will begin using in June, the payor will need to be a Fifth Third customer, the recipient will not.

Read more: http://mobile-financial.com/node/13348

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