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ClearXchange Launches Real-Time Payments Product

Company's new offering allows users to send money using only mobile phone numbers and emails.

By Tina Orem | Updated on June 17, 2015

Another player jumped into the market for speedier payments Monday as San Francisco-based clearXchange launched a product that will allow users to make real-time person-to-person, business-to-consumer and government-to-consumer payments using only mobile phone numbers and email addresses.

Five of the six largest banks in the United States and several regional financial institutions have already provided 100 million online banking consumers with access to the clearXchange network through their online banking platforms, the company said in a release. Anyone with a U.S. bank account can access the company’s services through its website, it said.

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Tina Orem

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