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CashEdge Inc. and Firethorn Holdings LLC have entered into a strategic relationship to market an integrated mobile person-to-person (P2P) payment solution using CashEdge’s POPmoney P2P payments service and Firetorn’s Mobile Wallet solution. According to CashEdge, 77% of its customers would prefer to use a P2P payment service offered through their financial institution compared to an independent service.

With this deal, financial institutions will be able to let their customers send electronic payments using POPmoney from within their Firethorn mobile banking application by simply using the e-mail address or mobile phone number of the recipient. Likewise, recipients can receive the funds directly into their account. Through Mobile Wallet, customers can view account balances, check credit card balances, transfer funds, view and pay bills, and access other services through their mobile devices.