What is Popmoney?
Use Popmoney to pay anyone you know, or owe – it's the easy way to send and receive money directly from your TS Bank account. Pay your rent or send money to your kids away at college – it's safe and secure and all you need is an email address or mobile phone number.
How secure is Popmoney?
From the moment information is sent to Popmoney to the time it is stored and accessed again, it is encrypted using industry leading software, hardware and algorithms. Security is also utilized at specific points and actions in the product. For example, to help prevent an unauthorized person from fraudulently depositing someone else's payment, one-time passcodes are used. For every initial payment to a new email address or mobile phone number, a one-time passcode is sent to the user. The user must provide that passcode back to Popmoney to verify his "ownership" of that mobile number or email address before he can deposit the payment.
How fast can I send and receive money with Popmoney?
With Popmoney, a recipient can receive money in as little as one business day. However, in some cases it may take longer. For example, if you send an email or mobile payment and the recipient is not yet registered for Popmoney, he/she must sign up for the service so that we have their account information to deposit their payment. Also, if you exceed your next-day payment limits, then we will deliver payments within three business days. Limits can and will vary and can be checked by clicking the Help icon on the Send Money screen.
Will I be paying any fees?
Fees won't be changed at the time of the upgrade. You will receive the upgraded features for the same fee you pay to send money today.