Person-to-person payments are made more convenient with S1’s Money Mover. Financial institutions deploying Money Mover are able to offer an e-mail and SMS-based money transfer service, helping attract additional transactional volume and generating customer loyalty. Account holders can make easy, fast, and secure payments directly from their existing bank accounts, credit cards, or other sources of funds, to almost anyone worldwide with an e-mail address or mobile phone number. Recipients need not be existing PayPal users.
Money Mover, with PayPal, is designed to integrate with existing online or mobile banking systems, and does not require a platform migration or these to be S1 solutions. This S1 offering can also benefit small businesses looking for greater choice and convenience.
- The opportunity to improve profitability and reduce costs
- Ease of integration and fast time to market
- A pre-certified transaction and settlement service
- An easier way for consumers to initiate transactions
- International money transfers
We serve the needs of:
US community banks
International and regional banks
"S1 is an innovator, offering its financial institutions and customers the ability to use the PayPal network to deliver personal payments from existing accounts with nothing more than a phone number and email address. P2P creates tremendous opportunities for financial institutions to offer valuable differentiated services to their customers."
— Dan Schatt, GM of Financial Innovations, PayPal