Fintech Finance

FEBRUARY 20, 2025

Meanwhile, financial institutions are prioritizing P2P payments (51%), bill pay (38%), and payroll (38%). Addressing the Future of Faster Payments The 2025 Barometer highlights significant opportunities to address industry concerns, including the availability of value-added services like multifactor authentication and request for payment.

Faster Payments 102

Faster Payments Multifactor Authentication FedNow RTP 102

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. trillion a year.

Zelle 89

Zelle P2P Scams Multifactor Authentication 89

PYMNTS

SEPTEMBER 3, 2020

Payments can have a social component, he said, where divvying up a dinner bill can be done through Venmo or Zelle or other peer-to-peer (P2P) options. For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control.

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

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 Consumer Financial Protection Bureau (CFPB) 52

FICO

JANUARY 22, 2020

There has been a proliferation of real-time payments fraud, as new near-instant payment platforms, including person-to-person (P2P) transfers and mobile payment platforms grow across Asia Pacific. . We recently conducted a survey with banks in the region and found that 4 out of 5 (78 percent) have seen their fraud losses increase.

Real Time Payments 52

Real Time Payments APACS Multifactor Authentication Account Takeovers 52

PYMNTS

DECEMBER 30, 2016

As a result, Mastercard predicted that in 2016, the savviest retailers would expand their digital presence through methods such as implementing buy buttons, facilitating P2P product education and describing products in more conversational language — i.e., less marketing jargon — on social commerce platforms.

EMV 49

EMV Visa Alternative Payment Methods Multifactor Authentication 49