![]() ![]() The peer-to-peer transaction platform is available through the Chase mobile app. ![]() So now users can immediately send and receive money through the mobile service. QuickPay is now available for consumers to send each other payments within real time, when in the past it could take up to three days. “We expect P2P transaction volume within the bank network to climb rapidly.” “ rolling out to other ClearXchange banks in the near future. “Previously, this could take up to three days,” she said. “ can now send money to customers of U.S. “Our customers can now send money to more people real time – just by using a phone number or email address,” said Lauren Francis, spokeswoman at Chase. As consumers now demand real-time convenient services, use of traditional checks has become less common and the rise of mobile peer-to-peer platforms such as PayPal’s Venmo have forced banks like Chase to update their strategy. Payments service QuickPay will be rolling out a slew of new features this summer, including mobile enrollment, the ability to save and view receipts, which join the recent launch of real-time payments for Bank of America and US Bank customers. Chase is boosting the mobile capabilities of its peer-to-peer payment program to gain traction against PayPal and others with new features such as real-time transfers. ![]()
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