#clearxchange

[stopinternetfraudteam]

ClearXChange More Safer and Secure Than PayPal

ClearXChange More Safer and Secure Than PayPal

ClearXchange (CXC) is the first network in the U.S. created by and for financial institutions that lets customers send person-to-person (P2P) payments easily and securely. With only the recipient’s mobile number or email address, customers can send funds directly from their checking and savings accounts without requiring sensitive account information. Safety and convenience mean customers can…

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[ebayisajoke]

ClearXChange More Safer and Secure Than PayPal

ClearXChange More Safer and Secure Than PayPal

ClearXchange (CXC) is the first network in the U.S. created by and for financial institutions that lets customers send person-to-person (P2P) payments easily and securely. With only the recipient’s mobile number or email address, customers can send funds directly from their checking and savings accounts without requiring sensitive account information. Safety and convenience mean customers can…

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[shortformblog]

clearXchange: The banking system's years-late answer to PayPal?

what Three of the nation's largest consumer banks — Bank of America, JPMorgan Chase and Wells Fargo — have created a system for simple money transfers via phone or e-mail.

why The new service, clearXchange, gets around a banking system that takes a really long time, requires a routing number, and has to go though the Federal Reserve's tubes.

threat This model threatens PayPal, the  solution du jour for this problem — which will likely someday make more money than its corporate parent, eBay. Unless this new thing takes off. source

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