Stax

JULY 9, 2024

The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

NFCW

DECEMBER 14, 2023

The offline P2P trial forms phase two of JCB’s ongoing CBDC pilot — known as JCBDC — and will test a system for making peer-to-peer digital currency transfers either from one physical card to another via an intermediary NFC mobile device or directly between NFC smartphones.

Digital Currency 88

Digital Currency Central Bank CBDC Transactions 88

Global Fintech & Digital Assets

DECEMBER 18, 2023

General use would therefore encompass most forms of person-to-person (P2P) and consumer-merchant fund transfers by or on behalf of a consumer to another US-based person for personal, family, or household purposes. Importantly, the proposal specifically states that the covered person does not actually need to ever hold the funds.

CFPB 75

CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

PYMNTS

SEPTEMBER 27, 2018

“It makes retail fund transfers and payments much quicker and easier. Leading consumer payment conglomerates like WeChat Pay and Alipay are bracing for FPS to enhance their peer-to-peer (P2P) payment capabilities, but the faster payments initiative is also expected to affect corporate payments.

Faster Payments 65

Faster Payments Funds Transfer Payments Payer 65

PYMNTS

OCTOBER 22, 2019

This month’s Deep Dive explores the frictions currently afflicting the B2B cross-border payments and P2P remittances spaces, as well as the solutions being developed to accelerate transactions and reduce pain points. International B2B Payments Pains.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

PYMNTS

APRIL 30, 2020

The combination will achieve that goal through a Contextual Funds Transfer (CFT) payment rail, connected to the businesses’ enterprise resource planning (ERP) and supply chains, which would ultimately create interoperability for business payments and more visibility.

B2B 67

B2B ISO 20022 Interoperability Funds Transfer 67

Payment Savvy

NOVEMBER 8, 2022

Unlike an ACH transfer, there is no fixed definition of an EFT transfer – at least not in the singular sense. EFTs constitute a whole range of digital transfer and payment methods. EFT stands for Electronic Fund Transfer, while ACH stands for Automated Clearing House. What Are Peer-to-Peer Payments?

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

PYMNTS

AUGUST 3, 2016

Insurance payments, healthcare reimbursement, merchant settlements, loan disbursements, and payments to workers participating in the shared economy represent a $9 trillion opportunity filled with friction for both the sender and the receiver, with the remaining $1 trillion represented by the more “traditional” P2P payments use cases.

P2P 50

P2P Debit Card ACH Ubiquitous 50

Faster Payments Council

MAY 17, 2021

RTP technology facilitates payments across all payment categories, including business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B), peer-to-peer (P2P), government-to-citizen (G2C), and account-to-account (A2A) transactions. Why RTP is used?

RTP 88

RTP G2C C2B Real Time Payments 88

Finovate

DECEMBER 13, 2023

These products and services include online billpay, P2P fund transfer, PicturePay , BizPay , PortalPay , A2A fund transfer, and Vault , a digital document storage solution. Allied Payment Network offers a real-time, open-network payments model, and features a broad range of online and mobile solutions.

Credit Union 64

Credit Union Payment Networks Online and Mobile Banking Funds Transfer 64

PYMNTS

NOVEMBER 21, 2018

P2P Opportunity. The fraud opening could also grow as more restaurants adopt mobile payment features that enable peer-to-peer (P2P) funds transfers, an appealing prospect given how groups of people often dine together and then face the headache and friction of dividing up the check. Expect more such deployments.

P2P 69

P2P Push-to-Card Account Takeovers Fraud Prevention 69

PYMNTS

SEPTEMBER 19, 2018

This latest digital offering is set to revolutionize the payment ecosystem in Hong Kong, bringing unprecedented convenience and security to our daily fund transfers among friends and family, as well as the day-to-day operations of businesses.”.

Real Time Payments 60

Real Time Payments Faster Payments P2P Payments 60

Fintech Finance

FEBRUARY 6, 2024

Aani simplifies the payment process by allowing instant fund transfers using only the recipient’s mobile number, email or a QR code, thus eliminating the need to ask for or remember complex IBANs. Aani enables secure real-time account-to-account payments within the UAE, simplifying transactions for both consumers and businesses.

FinTech 52

FinTech Funds Transfer IBAN P2P 52

FICO

NOVEMBER 7, 2022

Senator Elizabeth Warren, (D-MA) pointedly asked him about the number of fraudulent transactions Chase was seeing on the P2P payment platform Zelle. Scams and P2P Payments Are Front and Center. The big question is who should be liable for losses when it comes to P2P scams, and we’re seeing two schools of thought.

Scams 52

Scams Authorization P2P Zelle 52

FICO

NOVEMBER 10, 2020

Many of the world’s leading banks and card issuers trust our Falcon Platform , which protects more than two-thirds of the world’s credit card and debit card transactions from fraud, as well as other forms or real-time payments and consumer banking funds transfers.

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

National Merchants Association

JUNE 16, 2022

You can initiate funds transfers, mobile payments, and investments from a smartphone tap. P2P Lenders P2P or peer-to-peer lending helps individuals and businesses that otherwise can’t access traditional funding get the money they need. The contributions are loans that must be repaid with interest by a set deadline.

FinTech 52

FinTech Online and Mobile Banking Gateways P2P 52

PYMNTS

FEBRUARY 9, 2017

8) said the solution, which has so far focused on the P2P electronic funds transfer space, will soon provide a way for companies to pay each other using its technology. Thailand peer-to-peer payments tool PromptPay, a part of the nation’s efforts to push electronic payments, will soon step into the world of B2B payments.

B2B 40

B2B Central Bank Payments P2P 40

The Fintech Times

SEPTEMBER 22, 2024

Beyond QR payments , other fintech services like e-wallets and peer-to-peer (P2P) money transfers have also expanded, with platforms such as Pi Pay, Wing and TrueMoney becoming increasingly popular. “Over the past decade, fund transfer was carried out mainly through informal channels, leading to a risk of loss or delay.

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

PYMNTS

DECEMBER 11, 2018

If so, that could potentially spark more development of real-time transactions and the construction of infrastructures to support speedier transactions and funds transfers, along with financial inclusion. “FinTech and banks are becoming the best of friends,” he said. It’s a huge trend being driven by Venmo and Zelle ,” Fodor said.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

National Merchants Association

JUNE 16, 2022

You can initiate funds transfers, mobile payments, and investments from a smartphone tap. P2P Lenders P2P or peer-to-peer lending helps individuals and businesses that otherwise can’t access traditional funding get the money they need. The contributions are loans that must be repaid with interest by a set deadline.

FinTech 52

FinTech Online and Mobile Banking Gateways P2P 52

National Merchants Association

JUNE 16, 2022

You can initiate funds transfers, mobile payments, and investments from a smartphone tap. P2P Lenders P2P or peer-to-peer lending helps individuals and businesses that otherwise can’t access traditional funding get the money they need. The contributions are loans that must be repaid with interest by a set deadline.

FinTech 52

FinTech Online and Mobile Banking Gateways P2P 52

Stax

SEPTEMBER 17, 2024

And on that note, two of the most common modes of electronic funds transfer are ACH and wire transfers. In this post, we’re going to review ACH and wire transfers, look at their similarities, and then see how they compare against each other. trillion in 2021 and is expected to grow at a CAGR of 11.08% to hit $15.27

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

MARCH 8, 2018

Taking Transfers Online. WorldRemit is focused on P2P , and its experience has implications for B2B operations, Nazzaro said. Instead, the company uses credit and debit cards, bank transmission and mobile wallets like Apple Pay or Android Pay to fund transfers. Response has been positive in the P2P space.

Compliance 40

Compliance Cross-Border P2P Online and Mobile Banking 40

Finovate

SEPTEMBER 20, 2024

For instance, when a customer of one bank opens an account with another institution, the new bank gains visibility into the customer’s transaction history and account balances from their original bank, while the new bank is also able to initiate fund transfers or debit transactions from the customer’s account at the original institution.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Finovate

JANUARY 5, 2024

offers a payments platform that enables consumers to make payments to merchants and service providers, as well as P2P fund transfers. In other Kazazkstan-based fintech news, Kaspi.kz is on track to become the first company from the Republic of Kazakhstan to list in the U.S. A major Kazakhstani fintech, Kaspi.kz

Financial Literacy 64

Financial Literacy Security Embedded Finance FinTech 64

PYMNTS

MARCH 1, 2017

In fact, according to Laven, more than 90 percent of these costs are attributed to banks’ back office operations, rather than the technologies and networks that handle the fund transfers between banks.

B2B 58

B2B Cross-Border Non-Bank Payments 58

PYMNTS

MAY 14, 2020

The uptake of P2P payments and digital wallets will continue, even if the volume declines, at least temporarily. That interview was focused on the latest class of Visa’s Fast Track innovators, some of whom are focused on digital wallets that can help speed fund transfers.

Cross-Border 60

Cross-Border Online and Mobile Banking Transactions Funds Transfer 60

PYMNTS

DECEMBER 3, 2018

Instant payments, he said, offer a variety of use cases that span emergency fund transfers and, of course, peer-to-peer (P2P) transactions (splitting the bill, for instance). Though transactions must be made in euros, the payment accounts held at PSPs that operate in SEPA do not have to be denominated in euros.

Instant Payments 62

Instant Payments ISO 20022 Online and Mobile Banking Cross-Border 62

PYMNTS

AUGUST 15, 2019

The service was well-received among KBank’s customers, Sarintorn noted, partly because customers have grown accustomed to faster payment speeds from domestic person-to-person (P2P) transfers. . People use digital platforms to transfer funds and trust the platforms already,” she said. “We

FinTech 49

FinTech Cross-Border Cross-Border Payments ISO 20022 49

PYMNTS

DECEMBER 12, 2017

They’re just a few of the latest developments covered in the Faster Payments Tracker, and there are clear implications for peer-to-peer (P2P) and consumer-to-business (C2B) transactions. billion in funds transferred using Same Day ACH, an average of $650 per transaction. Together, they accounted for about $1.5

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

Fintech Labs Insights

SEPTEMBER 4, 2015

P2P invoice & supply chain finance. Tags: Investing, P2P, person-to-person, markeplace. Mobile remittance service. HQ: Seattle, Washington. Latest round: $12 million Debt. Total raised: $35 million ($23 million equity, $12 million debt). Source: GeekWire. QuanTemplate. Data analytics for the insurance industry. Latest round: $8.0

FinTech 29

FinTech P2P Online and Mobile Banking Funds Transfer 29

Fintech News

MARCH 26, 2024

6 CapBay (Malaysia) CapBay is a leading fintech company based in Malaysia, specialising in supply chain finance and peer-to-peer (P2P) financing. 24 Funding Societies | Modalku (Singapore/Indonesia) Funding Societies, also known as Modalku in Indonesia , is a leading peer-to-peer (P2P) lending platform in Southeast Asia.

FinTech 81

FinTech APACS Payment APIs and Integration Multi-Currency 81

The Fintech Times

MARCH 26, 2024

Another key trend is the rise of P2P payments. Alternative payment methods and e-wallets are revolutionising how people transact, providing near real-time fund transfers. This shift is propelling an increase in low-value payment transactions, effectively displacing cash from the equation.

Innovation 59

Innovation Alternative Payment Methods Payments SWIFT 59

Stax

APRIL 23, 2024

ACH payments usually consist of low-value payments and come in various forms, including: Mortgage payments Online bill payments Recurring payments, such as subscriptions Direct deposits Money transfers The ACH network is consistently growing, as more businesses are moving toward recurring billing and direct deposits with their funds.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

Fintech Labs Insights

SEPTEMBER 19, 2016

P2P real estate investment management. P2P lending platform. Tags: Consumer, credit, loans, underwriting, P2P, investing, rental real estate. Source: Crunchbase. Drone insurance. Latest round: $2.7 million Seed. Total raised: $4.86 HQ: New York City. Source: Crunchbase. Latest round: $2.16 million Seed. Total raised: $2.28

Underwriting 27

Underwriting FinTech P2P Advisors 27

Fintech Labs Insights

JULY 12, 2016

P2P real estate marketplace. Funds transfers. Tags: Consumer, remittances, fx, international funds transfer, bitcoin, crypto-currency. Source: Crunchbase. Qingshongchou Network Technology. Equity crowdfunding platform. Latest round: $20 million Series B. Total raised: Unknown. HQ: Bejing, China. HQ: Austin, Texas.

Underwriting 17

Underwriting P2P FinTech Online and Mobile Banking 17

EBizCharge

JULY 2, 2024

Peer-to-peer payment apps: Peer-to-peer (P2P) payment apps, like Venmo or Cash App, allow users to transfer money directly to others. P2P apps are becoming a favored option due to their widespread usage, especially among younger consumers, easy-to-use interfaces, and immediate fund transfers.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52