Payments Dive

OCTOBER 2, 2024

Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

Payments Tools 163

Payments Tools P2P Consumer Zelle 163

PYMNTS

NOVEMBER 6, 2020

COVID-19 has shifted consumers away from card-based payments experiences, while P2P has accelerated a change enabling merchants to own the payments experience itself, Debbie Guerra , executive vice president of merchant and payments intelligence solutions at ACI , told PYMNTS in a recent interview.

Real Time Payments 109

Real Time Payments P2P Payments Embedded Payments 109

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. Payment frictions and P2P’s impact. Driving faster payments forward.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

Payments Dive

FEBRUARY 12, 2024

“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

P2P 104

P2P Credit Union Addressing Consumer 104

Bank Automation

JANUARY 29, 2024

P2P payment market size is expected to reach $6.4 consumers have P2P accounts, according to a […] The peer-to-peer payments market is growing as consumer demand ticks up and new competitors enter the space. billion by 2028, according to a January report by market research group The Business Research Co.

P2P 80

P2P Research Consumer Accounts 80

Fintech News

MARCH 18, 2024

According to a DealStreetAsia report , the P2P lender has been accused of defaulting on loans, putting the spotlight on its business practices amid the sector’s broader issues. Indonesian peer-to-peer lending platform Modal Rakyat is facing a lawsuit filed in the South Jakarta district court on 20 February.

P2P 103

P2P Disputes Legal Underwriting 103

Agile Payments

JANUARY 29, 2019

We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.

P2P 128

P2P Zelle Venmo Payments 128

PYMNTS

NOVEMBER 16, 2020

Facebook ’s messaging service will soon get a green light to start providing peer-to-peer (P2P) payment services in Brazil, Roberto Campos Neto , head of the country’s central bank, said at a news conference Monday (Nov. WhatsApp will start doing P2P soon,” Campos Neto said, per Reuters. “I 16), Reuters reported.

P2P 105

P2P Central Bank Instant Payments NOV 105

Fintech News

DECEMBER 2, 2024

It’s followed by point-of-sale (POS) terminals with 24 companies and a share of 11%; cryptocurrency and blockchain with 22 companies and a share of 10%; and peer-to-peer (P2P) lending with 21 companies and a share of 9.5%. The payment vertical continues to dominate, with 48 companies and a share of 21.8%. rate in 2023.

Financial Inclusion 111

Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV 111

Payments Dive

JUNE 12, 2024

The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.

P2P 180

P2P 180

PYMNTS

NOVEMBER 3, 2020

Zelle Says P2P Payments Top One Billion Transactions. In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions.

Zelle 122

Zelle ISO 20022 P2P Transactions 122

Payments Source

JUNE 17, 2019

Investment in B2B fintech startups has been ramping up for the past couple of years, and in the next year we’ll start to see businesses reaping the benefits of the fintech wave, says Nvoicepay's Karla Friede.

P2P 126

P2P Innovation B2B FinTech 126

Payments Dive

AUGUST 5, 2024

The bank flagged government inquiries over its handling of P2P disputes in May, and said Friday it would consider litigation if the agency issues an enforcement action.

Zelle 158

Zelle CFPB Disputes P2P 158

Payments Dive

JUNE 2, 2023

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

P2P 104

P2P CFPB Venmo PayPal 104

Payments Source

NOVEMBER 17, 2019

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments.

P2P 119

P2P Venmo FinTech Digital Payments 119

Payments Source

JUNE 9, 2020

If a fraudster gets hold of a consumer's credentials, everything from mobile wallets, to a checking account, savings account or P2P account is in jeopardy of takeover. Identity fraud holds no prisoners when it comes to payments.

Account Takeovers 170

Account Takeovers Accounts Credential P2P 170

Payments Source

SEPTEMBER 15, 2020

Square is entering the earned wage access (EWA) fray, but it’s taking a tailored approach that aims to drive transaction volume within its Cash App.

P2P 126

P2P B2B Volume Transactions 126

Payments Source

DECEMBER 1, 2020

Libra is distancing itself from Facebook not only through a name change, but also by attempting to draw attention toward its digital payment rail instead of the creation of alternative money.

P2P 117

P2P Digital Payments Payments Cryptocurrency 117

EBizCharge

JULY 24, 2024

From the simplicity of splitting a meal cost to scrambling for a wallet-less solution at a flea market, peer-to-peer (P2P) payments offer a modern alternative to traditional cash and check systems. Understanding the mechanics of P2P payments is crucial for businesses looking to stay ahead in the increasingly cashless marketplace.

P2P 52

P2P PCI DSS Encryption Fraud Prevention 52

Finextra

AUGUST 21, 2024

Kem, the fastest-growing P2P payment app in Kuwait, has received a $3 million investment from Tether, the largest company in the digital asset industry.

P2P 59

P2P Payments 59

Finextra

JANUARY 10, 2024

Social media platform X, formerly known as Twitter, says it will introduce peer-to-peer payments this year.

P2P 96

P2P Payments 96

Fintech Finance

AUGUST 15, 2024

FIS® (NYSE: FIS), a global leader in financial technology, today announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of institutions.

Debit Network 59

Debit Network P2P FedNow RTP 59

Payments Dive

OCTOBER 4, 2022

The senator pushed to bolster a key CFPB rule after releasing a report tallying claims of fraud and scams on the P2P platform submitted by Truist, PNC, U.S. Bank and Bank of America.

Zelle 146

Zelle CFPB Scams P2P 146

Payments Source

FEBRUARY 25, 2021

Early Warning's person-to-person payment network predicts that faster settlement through The Clearing House's Real Time Payments will enhance its appeal.

Real Time Payments 128

Real Time Payments Zelle P2P Settlement 128

The Fintech Times

SEPTEMBER 9, 2024

Dubai will welcome global financial leaders, regulators and academics for the 10th P2P Financial Systems International Workshop (P2PFISY) in October. “We look forward to engaging with global leaders, academics, and industry experts to continue driving the evolution of P2P financial systems.”

P2P 59

P2P Federal Reserve Central Bank Financial Inclusion 59

Finextra

DECEMBER 13, 2023

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

CBDC 137

CBDC Card Issuer Digital Currency P2P 137

Payments Source

NOVEMBER 16, 2020

It will take years to fully complete the project, but Mastercard has announced the availability of real-time account-to-account corporate payments for U.S. firms through its Mastercard Track Business Payment Service (BPS), with plans to add cross-border payments next year.

Visa 117

Visa Cross-Border Payments Cross-Border P2P 117

Finezza

SEPTEMBER 29, 2024

Peer-to-peer (P2P) lending became a global phenomenon after the 2008 financial crash, emerging as a reliable alternative to traditional financial institutions including banks.

P2P 52

P2P Origination Service Provider Posting 52

Finezza

SEPTEMBER 29, 2024

Peer-to-peer (P2P) lending became a global phenomenon after the 2008 financial crash, emerging as a reliable alternative to traditional financial institutions including banks.

P2P 52

P2P Origination Service Provider Posting 52

Nanonets

JUNE 14, 2024

Procure-to-Pay (P2P) is the complete process carried out by a business when purchasing goods or services. An example of P2P would be a business needing to purchase office chairs. This entire process, from identifying the need to making the payment, is the P2P process. Let us now go through the steps of the P2P process itself.

P2P 52

P2P Process Automation Checks 52

Payments Source

NOVEMBER 2, 2020

Reflecting the rapid transition to digital payments, PayPal has reported its strongest growth in total payment volume and revenue in its history, coupled with strong growth for Venmo, its P2P app.

Venmo 136

Venmo Volume PayPal Continuity 136

Fintech Finance

DECEMBER 17, 2024

Visa Direct , a real-time push payments platform, facilitates quick, cost-effective transactions domestically and cross-border, including B2B and P2P payments. Personalized Experiences: Gen Z and Millennials seek personalized experiences.

Payments Trends 97

Payments Trends Cross-Border AI Payments 97

Finextra

NOVEMBER 13, 2024

Bank-backed mobile payment operators from Italy, Spain and Portugal have pioneered interoperable money transfers, making it possible for users to conduct instant cross-border P2P transactions.

Interoperability 122

Interoperability Mobile Payments Cross-Border P2P 122

Payments Source

JANUARY 23, 2019

While these consumers may not be the first to use mobile P2P apps, they do represent a sizeable payment opportunity because of their economic purchasing power. Americans aged 50 and older represent a sizeable portion of the U.S. population – 115 million individuals in 2018.

P2P 137

P2P FinTech Consumer Payments 137

Fintech News

NOVEMBER 7, 2024

WeGro (Bangladesh) WeGro is a pioneering Agri-Fintech platform that leverages open banking and peer-to-peer (P2P) lending to offer tailored financial products, including loans, savings accounts and agricultural insurance, specifically designed for smallholder farmers.

Financial Literacy 67

Financial Literacy FinTech Cross-Border Payments P2P 67

Fintech Finance

FEBRUARY 20, 2025

Meanwhile, financial institutions are prioritizing P2P payments (51%), bill pay (38%), and payroll (38%). Use Case Expansion: Businesses are most interested in leveraging faster payments for eCommerce (54%), point-of-sale transactions (51%), and invoicing/supplier payments (41%).

Faster Payments 100

Faster Payments Multifactor Authentication FedNow RTP 100

Fintech News

NOVEMBER 10, 2024

They then direct the refund requests to payment cards or accounts they control, and quickly withdraw the money at ATMs or transfer it to their wallets using peer-to-peer (P2P) payment systems. In a PRA attack, cybercriminals hack into legitimate merchant systems to create fake purchase return requests.

Ransomware 114

Ransomware Data Breach Scams AI 114