Bank of America, JPMorgan, Wells Fargo Launch New P2P Service

By  |  May 24, 2012
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Bank of America, JPMorgan, and Wells Fargo have initiated the national launch of clearXchange, a platform that facilitates mobile and online P2P money transfers using just an email address or phone number.

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    The program was announced in May of last year, Finextra reports, and recently completed a one-month trial run in Arizona. Wells Fargo is the first company to launch the service nationally, Finextra says, and is referring to the service as “Send and Receive Money.”

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