Chase, Bank of America, and Wells Fargo customers will soon be able to send money to anyone with an e-mail address or mobile number using a new Voltron of a service called ClearXChange. Chase already has something similar to that called QuickPay, which Derek and his roommate (a Wells Fargo customer) used to transfer their rent money while Derek was out of town. Let’s see how that worked out for them.
Three of the nation’s biggest banks have teamed up to offer a new payment service that lets you transfer money from your bank account using only a cell phone number or email address. It’s called clearXchange and it’s being offered to Chase, Bank of America and Wells Fargo customers. An inkling of how it will work is revealed on the initiative’s placeholder web page.