PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. P2P Numbers. PayPal, as a whole, had some 242 customer accounts as of Dec.

Venmo 71

Venmo P2P Zelle PayPal 71

Bank Automation

FEBRUARY 8, 2024

PayPal will invest in a new app to launch in 2024 alongside a new strategy to drive engagement with better consumer experiences like AI-driven shopping.

PayPal 75

PayPal P2P AI Consumer 75

PYMNTS

FEBRUARY 13, 2020

Banco Santander announced that it has hired Trish Burgess, formerly of Apple, to head up its peer-to-peer (P2P) payments department, according to a release. Her co-workers include former employees and executives from Google, Amazon, PayPal, Facebook and Netflix. The team will be spread across Silicon Valley, London and Madrid.

P2P 90

P2P Payments PayPal International Payments 90

Payments Source

AUGUST 13, 2020

Payments platform APEXX Global is working with PayPal to expand payment methods to e-commerce merchants using APEXX, including the addition of the Venmo P2P digital wallet.

Venmo 83

Venmo PayPal P2P Payments 83

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

PYMNTS

JUNE 24, 2020

dollars (USD) through PayPal in addition to other payment methods, the KuCoin cryptocurrency exchange said that USD support has been added to its P2P Fiat Market, according to an announcement. Now, our P2P Fiat Market supports … the 5 mainstream fiat currencies. 1 place at 63.21 percent, per Coinhills data.

P2P 78

P2P Digital Currency PayPal Cryptocurrency 78

PYMNTS

OCTOBER 20, 2017

20), PayPal and Facebook announced news that they are expanding their partnership. Facebook users will now be able to send and receive peer-to-peer money transfers through PayPal from within the social media website’s Messenger app. The communication platform was also available for PayPal users to communicate with one another.

P2P 52

P2P PayPal Bots Payments 52

Payments Source

NOVEMBER 26, 2018

PayPal is using Venmo's fast growth to power several initiatives, but the app suffered a damaging fraud surge early this year, showing it's not immune from enrollment fraud that challenges the entire P2P sector.

Venmo 62

Venmo P2P PayPal Enrollments 62

PYMNTS

MAY 7, 2020

But many firms and all firms are two different things, and while from a humanitarian perspective PayPal clearly wishes COVID-19 never happened, by the numbers it is undeniable that it has boosted its business. April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. PayPal added 7.4 66 non-GAAP EPS.

PayPal 99

PayPal Transactions Process Venmo 99

PYMNTS

NOVEMBER 10, 2016

It has been a good year for P2P transfers on the PayPal platform — which encompasses eponymous PayPal as well as Venmo and Xoom. As of yet, PayPal has done $41 billion in P2P transactions in 2016 — and is expecting that holiday 2016 will bring on another 17 million transactions across its services.

PayPal 70

PayPal P2P Venmo AI 70

PYMNTS

DECEMBER 15, 2016

PayPal’s made it pretty clear that enabling consumer choice means giving consumers the ability to use their preferred method of payment inside of their PayPal wallet anywhere they’d like to shop — in-store, online and in-app. PayPal’s Magats emphasized that bank benefit, too.

PayPal 85

PayPal Online and Mobile Banking Issuers Credit Cards 85

PYMNTS

FEBRUARY 20, 2019

In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will come into that size, noting, “That’s sort of the market — total adjustable market — we’re playing into.” P2P, or peer-to-peer payments, is exploding in the market. There are markets and there are $100 trillion markets.

PayPal 87

PayPal Digital Payments Venmo Zelle 87

PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.

Zelle 89

Zelle P2P Scams Financial Crimes 89

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

PYMNTS

NOVEMBER 16, 2020

American Express is teaming up with PayPal and Venmo to offer a new way for their customers to send money, split purchases and manage their expenses. Cardholders will be able to send money to any PayPal or Venmo customer directly from the American Express App. A cardholder can still earn American Express rewards for split purchases.

Venmo 103

Venmo PayPal Enrollments BNPL 103

Fintech Finance

JULY 9, 2024

Earlier, Sam also served as the VP of Global Product and Design at PayPal, responsible for defining, designing, and commercializing all of PayPal’s P2P, consumer payment, merchant acceptance, and digital products globally.

PayPal 98

PayPal Payments P2P Security 98

PYMNTS

NOVEMBER 21, 2017

This season, PayPal customers can think beyond the typical gift card: The company is co-creating six limited edition holiday digital greeting cards for PayPal’s person-to-person (P2P) gifting experience with PayPal Local Selects host Leandra Medine of “Man Repeller.”.

P2P 43

P2P PayPal Visa Accounts 43

PYMNTS

JULY 15, 2019

Call it remittance on a global scale, or P2P without borders. PayPal said on Monday (July 15) that it is launching Xoom, its international digital money transfer service, in the United Kingdom and 31 markets spanning Europe. The company said “the service will benefit millions,” including more than nine million people living in the U.K.,

PayPal 80

PayPal Cross-Border Transaction Limits P2P 80

FICO

MAY 1, 2020

I’m not big on reading tabloid confessions at the grocery checkout, but as a payments professional, I have a shocking admission to share: I am a late bloomer in adopting mainstream person-to-person (P2P) payment apps like Venmo, Cash App (owned by Square), Snapcash and a slew of others. Why P2P Payments Need Fraud Protection.

P2P 69

P2P Venmo Online and Mobile Banking PayPal 69

PYMNTS

JULY 29, 2020

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to peer-to-peer (P2P) payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. On Tuesday (Oct. million U.S.

Zelle 58

Zelle Venmo P2P PayPal 58

Payments Source

APRIL 25, 2018

PayPal and Barclays have formed a strategic partnership enabling Barclays customers in the U.K. to manage their Barclays and PayPal accounts within each app.

PayPal 63

PayPal P2P Accounts Mobile Banking 63

PYMNTS

OCTOBER 8, 2018

PYMNTS research found that 51 percent of full-time gig workers prefer to be paid via PayPal , which outranked all other forms of payment, including direct deposit. The Ubiquity (And Certainty) Of PayPal. However, the same can’t be said of PayPal. Until that changes, it’s likely that the preference for PayPal will remain.

Direct Deposit 67

Direct Deposit PayPal Wire Transfer Zelle 67

Payments Source

JANUARY 31, 2019

Venmo is not a moneymaker for PayPal yet, but that's not stopping the online and mobile payments giant from dreaming big about where its P2P service is headed.

Venmo 62

Venmo PayPal P2P Mobile Payments 62

PYMNTS

OCTOBER 18, 2016

” Ingo Money processes push payments in minutes to virtually any bank debit card, prepaid card, bank-issued or private-label credit card, PayPal account or cash disbursement location with intelligent, multichannel routing, compliance controls and full-service settlement and servicing. ”

P2P 71

P2P Push-to-Card Payment APIs and Integration Online and Mobile Banking 71

PYMNTS

FEBRUARY 13, 2020

Banco Santander announced that it has hired Trish Burgess, formerly of Apple, to head up its peer-to-peer (P2P) payments department, according to a release. Her co-workers include former employees and executives from Google, Amazon, PayPal, Facebook and Netflix. The team will be spread across Silicon Valley, London and Madrid.

P2P 60

P2P Payments PayPal International Payments 60

PYMNTS

JULY 21, 2020

A need for faster and easier ways to pay during the pandemic has quickly made peer-to-peer (P2P) payment apps popular among U.S. This month’s Deep Dive examines the ways that bad actors try to exploit P2P payment app users via scams and account takeovers (ATOs). Fraudulent Sellers. Account Theft.

P2P 60

P2P Scams Security Account Takeovers 60

PYMNTS

NOVEMBER 25, 2019

PayPal and Discover have joined forces to allow customers to use the credit card’s Cashback Bonus or Miles to buy things through PayPal, according to a Monday (Nov. Our customers loved seeing PayPal added to this year’s categories in the 5% Cashback program. 25) press release. .

PayPal 60

PayPal Zelle Online and Mobile Banking Enrollments 60

PYMNTS

MARCH 1, 2019

Facebook has assigned more than 50 engineers to its project, which is being headed up by former PayPal President David Marcus. “They each have their own advantage in this battle, and it will be insane to watch it go down.”. All the companies are using significant resources to develop their coins.

Digital Currency 85

Digital Currency P2P Cryptocurrency Encryption 85

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

PYMNTS

OCTOBER 5, 2020

And CVS in August became the first major retailer to introduce PayPal QR code technology, which it plans to roll out in its 8,200 U.S. The combination has prompted some businesses to outright ditch physical payment instruments and require customers to pay via a credit card on file and to tip via peer-to-peer (P2P) payment apps.

Contactless Payments 144

Contactless Payments Consumer PayPal Payments 144

PYMNTS

OCTOBER 3, 2016

Citibank Joins The P2P Party. Bancorp, among others, representing the big banks’ best hope of stealing some of PayPal/Venmo’s P2P thunder. If Zelle can actually make its transfers instant, that will give it a slight edge on services that still have a day or two waiting period before P2P funds can be withdrawn.

PayPal 64

PayPal Zelle Venmo P2P 64

PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. Venmo, of course, is not the only major P2P player in the game. Larger P2P World.

P2P 49

P2P Zelle Venmo RTP 49

Payments Source

NOVEMBER 7, 2019

Square Cash generates a lot of revenue – and the road to Square’s success is the Cash P2P app, along with Seller tools, as its two curated ecosystems that are cross-selling their way to profitability.

P2P 67

P2P Payments Venmo PayPal 67

Stax

MARCH 27, 2025

Digital wallets, peer-to-peer (P2P) payments, and debit card payments are great for quick, everyday customer transactions. For example, ACH transfers use the Automated Clearing House network, while debit card transactions rely on either a card network (Visa or Mastercard) or a payment processor (Paypal, Stripe, etc.). per transaction.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

PYMNTS

JUNE 25, 2019

Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains. P2P and Millennials. P2P Growth. Total P2P volume for PayPal — which includes payments made through core PayPal and Venmo services — grew 41 percent to $42 billion.

P2P 46

P2P Venmo Zelle Law Enforcement 46

Payments Dive

FEBRUARY 23, 2016

Customers can transfer funds to almost anyone in multiple ways: email; text; account-to-account; check; or PayPal.

Community Banks 68

Community Banks P2P PayPal Checks 68