PYMNTS

DECEMBER 24, 2019

3: P2P Rises And Could Move Into B2B. Peer-to-peer (P2P) payment services are stretching their wings, heading into the new decade with mostly robust growth — and even some new plans to gain customers and keep a tight hold on existing consumers. Venmo also offers an example of P2P expansion. 18 announcement. #3:

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

NOVEMBER 8, 2019

As real-time payments (RTP) gain traction with consumers via peer-to-peer (P2P), the pump may be primed for business-to-business (B2B) transactions to follow suit. Part of the reason that real-time P2P is popular is that there is a communication component to it,” she told PYMNTS. roughly two years ago.

RTP 40

RTP B2B Real Time Payments P2P 40

PYMNTS

OCTOBER 2, 2019

As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). So, from the beginning, start with the individual consumer. The Low-Hanging Fruit.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

NOVEMBER 12, 2020

That growth is being driven by convenience, noted Sievert, as A2A activity offers yet another opportunity to take some friction out of the payments experience, with both person-to-person (P2P) and business-to-consumer (B2C) payments driving the uptick in A2A activity, he said.

Debit Card 64

Debit Card Point-of-Sale (POS) Issuers Federal Reserve 64

PYMNTS

MAY 4, 2018

Payments are moving toward greater speed, efficiency and choice – and in P2P payments, that’s led to the rise of financial technology giants. Everyone seems to have a different application of PayPal and Venmo.” “P2P payments has not only one, but multiple ten-thousand-pound gorillas,” said Spottiswood.

Same Day ACH 46

Same Day ACH P2P B2B Cross-Border 46

PYMNTS

MARCH 2, 2016

The reason faster payments is so important, Proto said, is because the four major quadrants of the payments industry — P2P, B2B, B2C and C2B — are all beneficially impacted when it comes to the expedited movement of money and data. When it comes to P2P payments, Proto pointed to a shifting consumer mindset and, in turn, adoption.

Faster Payments 41

Faster Payments NACHA C2B P2P 41

PYMNTS

DECEMBER 23, 2019

The solution has already been deployed by other partners in the ecosystem, including PayPal, Venmo, Square, Ingo Money and NovoPayment. ” Unsurprisingly, this distribution model largely focuses on the massive opportunity in real-time peer-to-peer (P2P) transactions. Emerging And Unexpected Use Cases.

Use Case 41

Use Case Cross-Border Cross-Border Payments Push-to-Card 41

PYMNTS

OCTOBER 26, 2018

It was a good week for wearables and their future, as the devices continued to show indications of strong promise on the B2C and B2B fronts. On the B2C front, it looks like customer enthusiasm for wearable devices is both growing and expanding. For the sizzle of the week, wearables wins with solid B2C and B2B scores.

Office of the Comptroller of the Currency 53

Office of the Comptroller of the Currency B2C Online and Mobile Banking P2P 53

PYMNTS

MAY 6, 2019

In a P2P situation, a Venmo user can send money to a friend’s account, while a B2C transaction might involve a restaurant pushing payments to disburse wages to waitstaff, placing the funds directly onto employees’ prepaid debit cards or into their bank accounts. B2C push payments can deliver quick funds to consumers.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

PYMNTS

OCTOBER 2, 2019

The vacuum created by the absence of a ubiquitous real-time or instant payments scheme has been filled in by private sector innovation, perhaps readily evident in offerings like Zelle and Venmo. Kohli said person-to-person (P2P) use cases are among the first to gain ground. The Use Case – and B2B. In the U.S.,

Instant Payments 63

Instant Payments Interoperability Cash Management Cross-Border 63

PYMNTS

JUNE 9, 2017

Meanwhile, on the seller’s side of the equation, expectations are continuing to change with the growth in popularity of P2P payment apps. Sellers are used to apps like Venmo and PayPal for their consumer needs. However, Likar is confident that the industry is headed in that direction.

Cross-Border 46

Cross-Border Cross-Border Payments Wire Transfer Venmo 46

PYMNTS

MARCH 18, 2019

Somewhat ironically, these are some of the same players who now use the card rails to push payments in real time between senders and receivers on their respective platforms – Square Cash App, Venmo and Apple Pay Cash – and pretty cheaply, and very securely, across the debit card rails. NACHA reported that in Q4 2018, SDA volume hit 51.3

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 23, 2020

Business-to-consumer (B2C) industries are just beginning to see use cases for these payments and do not appear to be innovating fast enough, as 93 percent of customers recently surveyed by PYMNTS said that payment speed does not quite meet their standards. The staying power of checks and cash.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

CB Insights

DECEMBER 4, 2019

That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011. Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). It’s likely that Amazon was too early to P2P payments.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

OCTOBER 21, 2019

So were Venmo, Uber, Square, FastPay, Stripe, Flywire , Recurly, Kabbage and many more — and PYMNTS, as it turns out. Today, B2C payments are so much further ahead than B2B when it comes to digitization. For example, trying to forecast the rise of real-time payments in the U.S.

Innovation 52

Innovation Payments Online and Mobile Banking Mobile Payments 52