Bank Technology News | February 2010 | Rebecca Sausner
Person-to-person transfers are quickly moving from press release material to deployed applications. New York-based CashEdge is making much of the recent news with its rollouts of the service at PNC Bank, FNBO Direct, and First Hawaiian Bank.
In a recent survey, Javelin Strategy & Research found that monthly usage almost doubled from 2008 to 2009, with 44 percent of consumers saying they've initiated an online P2P transfer in the past 12 months.
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