Under the deal, Fifth Third Bank is expected to offer its clients the Popmoney service via its online banking platform beginning in mid-2011.
Popmoney is set to allow bank customers to send money from their bank accounts using a recipients email address, mobile phone number or bank account information. In addition, the service provides support for text messaging, WAP and downloadable mobile applications.
Fifth Third Bancorp owns USD 112 billion in assets and operates 16 affiliates with 1,309 full-service Banking Centers throughout the US.
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