Popmoney, the peer-to-peer payments service from the financial services technology solutions provider Fiserv, recently took top honors in the Mobile Money Global Awards and the Mobile Excellence Awards.

Both programs recognized the solution's potential to transform personal payment habits as consumers move away from paper-based cash and check payments toward electronic payments via email or text, Fiserv said. Popmoney is delivered through a network of 2,000 U.S. banks and credit unions as well as Popmoney.com.

At the Mobile Money Global Awards presented during the Mobile Money & Digital Payments Summit in Dubai, Popmoney won the Innovation in Mobile Value-Added Services award, which recognizes the company that has been most innovative in developing new services and finding new ways to deliver them via the mobile channel.

And the solution also received the Best Mobile Payment award at the cross-industry Mobile Excellence Awards in Marina del Rey, Calif. These awards recognize industry excellence in all segments of the mobile ecosystem, from mobile business to mobile entertainment, the company said. The Best Mobile Payment award honors a company that has developed an outstanding mobile payment solution.

"With so many third-party providers entering the person-to-person payments market, it's important for financial institutions to offer and promote their own personal payment options," Marc West, senior vice president, electronic payments, Fiserv, said in a news release. "Our research continues to show that the majority of consumers prefer to make these types of payments using their bank account. Popmoney positions our financial institution clients to stay competitive in this new environment, enabling their customers to use their computer or a mobile device to pay each other using their existing bank accounts."

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