PYMNTS

APRIL 26, 2019

Digital payments technology — specifically, peer-to-peer (P2P) and mobile app tools — can help solve those problems. So much of that revolves around a payments and fund-transfer process that has as little friction as possible. How to do that, then, via digital, mobile and — what Diegelman called — “modified P2P ?”.

P2P 46

P2P Payments Funds Transfer Digital Payments 46

Payments Source

FEBRUARY 4, 2019

Singapore’s banks have gained a six-month extension to comply with regulations aimed to protect consumers and businesses using P2P and other electronic funds-transfers within the country.

Funds Transfer 61

Funds Transfer Rules P2P Regulations 61

Payment Savvy

NOVEMBER 9, 2022

An Electronic Funds Transfer (EFT) is the movement of money electronically from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems. These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

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

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

Clearly Payments

OCTOBER 31, 2024

Rise of Real-Time Payments (RTP) : Real-time payment systems are expected to grow by 15% annually , as consumers and businesses alike demand instant fund transfers. This demand has spurred initiatives like FedNow in the U.S. and similar systems in Europe, Asia, and Latin America, making 24/7 payments accessible worldwide.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

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 Use Case 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

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

The Payments Association

APRIL 23, 2025

With fund transfers settled within 10 seconds and available 24/7, the regulation represents more than a technological upgrade. While the deadline to receive euro-denominated instant payments has already passed, banks now have until October to meet the requirement to send these payments. These figures are incredibly low.

Real Time Payments 88

Real Time Payments Innovation Instant Payments Payments 88

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 P2P IBAN 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

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

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

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

PYMNTS

NOVEMBER 22, 2017

Xoom’s mission to make international funds transfer easy and digital – and to do it at scale – is a natural fit with PayPal’s broader vision of democratizing financial services. It’s one of the things that King told Webster drew the Xoom team to PayPal. Absent scale, there’s not a lot to do in this business.”.

Cross-Border 46

Cross-Border PayPal Funds Transfer Caps 46

M2P Fintech

MARCH 28, 2024

Automated Clearing House (ACH) The ACH is a central system for electronic fund transfers, facilitating swift, secure, and cost-effective movement of funds between financial institutions. This streamlines financial transactions, offering efficiency in processing large-scale fund transfers.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Clearly Payments

MARCH 18, 2024

In recognizing the significance of FedNow, we attain a comprehensive understanding of the ongoing enhancements in digital cash transfers across the nation. It facilitates instantaneous fund transfers between bank accounts, operating seamlessly 24/7/365.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

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

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 104

FinTech APACS Payment APIs and Integration Multi-Currency 104

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 Use Case 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

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

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