What You Need to Know:
What will a Financial Institution’s consumers experience following the decommission of Popmoney?
The following summarizes the consumer experience following decommission:
- Immediate payments created on June 30, 2023, until 6:00 PM ET, will be processed. No new transactions will be processed after 6:00 PM ET on June 30, 2023.
- No new Popmoney enrollments will be allowed after 6:00 PM ET on June 30, 2023
- We recommend canceling recurring or future-dated payments that are scheduled for delivery after June 30, 2023. No recurring or future-dated payments will be processed after June 30, 2023.
- Transactions initiated before 6:00 PM ET on June 30, 2023, will be processed. Recipients who are registered Popmoney users will receive payment automatically. If the recipient is not a registered Popmoney user, they will get a notification through email or text messages with instructions on how to accept the payment. If the payment is not accepted after 10 days, funds will be returned to the Sender.
What will a Financial Institution’s consumers experience following the decommission of Popmoney?
The following summarizes the consumer experience following decommission:
- Consumers will no longer be able to send or receive Popmoney payments through your Financial Institution
- Popmoney access will no longer be available within your Financial Institution’s site
- Consumers will no longer be able to view or manage their Popmoney payment history
