FIS and Obopay Launch P2P Mobile Payment System 4 FIs

By Contributor Wireless and Mobile News on November 20, 2008 12:05 PM

Obopay, a provider of mobile payment solutions and Fidelity National Information Services, have launched a person-to-person mobile money transfer service for financial institutions using FIS core processing services.

With the Fidelity National Information Services (FIS) mobile person-to-person (P2P) service, financial institutions can introduce branded mobile payments to their customers, who can immediately send and receive money from friends and family, anytime, anywhere - safely and securely, said FIS."

"The FIS mobile P2P service will initially be offered with checking accounts or prepaid cards linked to the mobile phone, enabling users to send and receive payments. To use the FIS mobile P2P service, consumers simply link their checking account or payment card to their mobile phone, added FIS.

Gregory Holmes, president of US-based operations for Obopay, said: "This alliance with FIS is further evidence of the importance and value of mobile payments to banks and their customers. As our mobile payment service continues to evolve in concert with established financial services firms, we remain committed to delivering solutions that enable banks to drive new revenue and connect with America's more than 260 million mobile consumers.