New P2P solution ZashPay presented by Fiserv to simplify e-banking transactions

Fiserv has introduced a new person-to-person payments service ZashPay. The new solution was worked out in order to let consumers tap into a community where they can quickly send or receive money using their existing online banking accounts.

ZashPay enables consumers to send money to anyone they’d like using only an e-mail address or mobile phone number. The payment will be deducted directly from the sender’s banking account and deposited directly into the recipient’s account in as little as one business day, utilizing the same secure processes as a typical online banking transaction.

Besides, Fiserv has implemented a Facebook page for ZashPay.

ZashPay will be available to a network of more than 3,100 financial institutions and 16 million consumers that already use the CheckFree® RXP® online bill payment service from Fiserv.

ZashPay will be integrated into the online banking sites of financial institutions that choose to offer the service. The new solution will be available through participating financial institutions and at ZashPay.com early in the summer of 2010.