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Fiserv has struck a deal to purchase person-to-person payments provider CashEdge for $465 million.
Previously the two companies have been competing in the P2P payments market and have signed multiple financial institutions for their payment products: Fiserv's ZashPay and CashEdge's Popmoney.
Fiserv says the acquisition of CashEdge - which employs around 300 people in New York, Silicon Valley, Chennai and Mumbai - should help it provide new capabilities such as P2P money request, and small business electronic invoicing and remittance to its customers.
The transaction will close by ... more →

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A provider of electronic money services CashEdge Inc announced the results of its 2011 Small Business Payables and Receivables Survey. The survey found that small businesses have a strong desire to accelerate and simplify current payable/receivable processes and a willingness to adopt new electronic payment solutions. Moreover, these businesses expressed a strong desire to get such services from their banks.
Conducted by CashEdge, the study examined the behavior and preferences of 405 small businesses as they relate to their overall payables and receivables processes. Small businesses were ... more →

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MoneyGram International has announced its partnership with CashEdge Inc., owner of Popmoney, to integrate their respective money transfer and payment services platforms to expand choice, flexibility and convenience of the MoneyGram and Popmoney services.
Owing to this partnership the customers of Popmoney service will be able receive their transfers in any of MoneyGram's 200,000 retail agent locations in more than 190 countries. This option is very convenient for those clients who have no bank account or who want to get the transfer in hard cash.
MoneyGram customers will also ... more →

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