CashEdge and Qualcomm unit Firethorn Holdings have entered into a strategic partnership to bring to market an integrated mobile person-to-person (P2P) payments solution using the former’s POPmoney P2P payments service and the latter's Mobile Wallet solution.
The integrated solution will enable financial institutions to offer their customers the ability to send electronic payments using CashEdge’s POPmoney from within their Firethorn mobile banking application, by simply using the email address or mobile phone number of the recipient.
POPmoney promises to give consumers greater control over their finances, enabling them to pay other people whenever and wherever they want.
Firethorn’s Mobile Wallet solution enables bank customers to use their mobile devices to view account balances, check credit card balances, transfer funds between accounts, view and pay bills, and access other services such as loyalty programs and targeted offers.