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FIS Obopay join in P2P mobile payments
JACKSONVILLE, Fla. and REDWOOD City, Calif. (11/20/08)--Fidelity National Information Services Inc. (FIS) and Obopay announced a person-to-person mobile money transfer service for financial institutions using FIS’ core processing services. Financial institutions, including credit unions, can quickly introduce branded mobile payments to their members, who can send and receive money from friends and family anytime. The service initially will be offered with checking accounts or prepaid cards. To use the service, members link their checking account or payment card to their mobile phone. The service can attract and retain consumers and reach the unbanked, the companies said. FIS is a provider of core processing, card issuance and transaction processing. Obopay is a service provider for payments using mobile phones.


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