As you asking I am telling Popmoney is a person-to-person payments service (P2P) developed by CashEdge and launched in December 2010.

Popmoney service enables individuals to send and receive payments electronically in a manner that is designed to displace traditional check payments.

Popmoney competes with a number of other person-to-person payments services provider like ClearXchange (a partnership of Bank of America, FirstBank, and Wells Fargo), PayPal, Google Wallet, Chase QuickPay, Dwolla, Venmo,

Fees and limits

Send moneyPay from your Fee
(Free to receive) Limit per day Limit per 30 days
Debit card* $0.95 $500 $1,000
Bank account $0.95 $2,000 $5,000

Request money
Fee Limit per day Limit per 30 days
Send a request $0.95 $1,000 $2,500
Pay a request Free $2,500 $4,000