Ally Offers CashEdge's Popmoney

Ally Bank has begun offering person-to-person payments through CashEdge Inc.'s Popmoney service.

The Ally Financial Inc. unit announced Tuesday that customers could use the service to direct payments using a recipient's email address, mobile phone number or bank account number.

If the money is sent using an email address or mobile number, the recipient would have to provide a bank account number at popmoney.com to complete the transaction.

Other banks, including PNC Financial Services Group Inc., also offer CashEdge's Popmoney service.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER