Finovate

NOVEMBER 14, 2024

Star One Credit Union originally partnered with Payfinia parent company Tyfone to build Instant Payment Xchange (IPX), a payments-as-a-service (PaaS) framework to send and receive instant payments via FedNow. ” The launch comes in partnership with California-based Star One Credit Union, which invested $4.5 million in the organization.

Credit Union 59

Credit Union Same Day ACH Credit Union Service Organization FedNow 59

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

Finextra

JUNE 17, 2025

Now, Unzer joins the likes of Worldline, Nexi and Nuvei in the push to expand Weros reach beyond P2P payments and into e-commerce and point-of-sales transactions. It enables A2A transfers using Sepa Instant Credit Transfer protocols so users can send money within 10 seconds via phone numbers, email addresses, or QR codes.

Payment APIs and Integration 69

Payment APIs and Integration Payments Privacy Enrollments 69

PYMNTS

OCTOBER 21, 2020

Per the Playbook, 21 percent of all fraud attacks “were waged on mobile transactions in the first half of the year and 37 percent of them originated from mobile devices.”. If we’re talking mobile payments, we’re talking peer-to-peer (P2P) instant transfers too. P2P Is A Double-Edged Sword. There were 1.4

P2P 56

P2P Security MFA Financial Crimes 56

PYMNTS

MAY 31, 2018

In the tech world, that’s a long time, but in the banking space, things can move a bit more slowly – which means Mastercard Send is still breaking into new use cases beyond its original intent. From P2P to B2B. Banks were connecting to the network and started offering P2P push payments.

P2P 49

P2P Visa B2B Push-to-Card 49

PYMNTS

APRIL 16, 2019

If you look outside B2B or B2C, or consumer P2P, they are needed just about anywhere,” he said of APIs. Originally, he said, one would have to give the company “your actual bank password … and they had to store my password in plain text, so anyone might be able to access my bank account.”

API 71

API P2P B2B Payment APIs and Integration 71

The Paypers

FEBRUARY 23, 2025

JPMorgan Chase can now decline payments made on P2P payment platform Zelle if they are suspected of originating from social media scams.

Zelle 67

Zelle P2P Scams Risk 67

PYMNTS

JUNE 19, 2020

Universality is, well, universally, desired in business — particularly when it comes to technology and especially when it comes to person-to-person (P2P) payments. The rule governs how beneficiary and originator information is to be shared. Hardly critical mass — and as a replacement for P2P, demonstrating utility is vitally important.

P2P 106

P2P Bank Routing Number Payments ATM 106

PYMNTS

APRIL 17, 2019

Chinese peer-to-peer (P2P) lender Dianrong wants to raise $100 million in an attempt to outlast a regulatory squeeze on the industry in the country, according to a report in the Financial Times. In January, P2P lenders numbered around 1,000, down from 2,350 in the middle of 2007. Investors think this will happen before next year.

P2P 43

P2P Regulations Accreditation Government 43

PYMNTS

JANUARY 4, 2017

Amazon has just launched a test version of a new P2P marketplace in India , which will allow consumers in the country to sell their used items via Amazon’s online retail platform. The online marketplace plans to attract consumers using other P2P online marketplaces by also covering the logistics process.

P2P 43

P2P Origination Consumer Transactions 43

Finextra

JUNE 23, 2025

Zopa launches current account Half a decade after pivoting from P2P lending to become a bank, Zopa has entered the UK current account market. A P2P lending pioneer, Zopa pivoted to become a bank in 2020 and has since amassed 1.5 million customers, lending more than £13 billion and securing two straight years of profitability.

Accounts 64

Accounts Payment APIs and Integration Online and Mobile Banking P2P 64

PYMNTS

FEBRUARY 24, 2016

Mintos, a Latvian P2P lending startup, which provides a platform for investors to finance nonbank lender loans, has raised $2.2 We are doing something that has not been done in P2P lending industry so far, at least in Europe, if not at all. million in a seed funding round led by Riga, Latvia-based VC Skillion Ventures.

P2P 40

P2P FinTech Origination Finance 40

Tearsheet

APRIL 22, 2024

Visa introduced the Visa+ service in April last year to bridge the gap among various apps in the peer-to-peer (P2P) payments space, allowing for real-time payouts to participating digital wallets. This enables users to then utilize various P2P digital payment apps for further transactions.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

PYMNTS

JULY 31, 2018

The P2P lending market is big business in the U.K. Peer-to-Peer Finance Association (P2PFA), a self-regulating P2P industry group that includes most of the biggest names in U.K. marketplace lending, the country’s P2P lending industry had hit £9 billion in loan originations from the group’s members as of Q1 2018.

P2P 40

P2P Regulations Risk Agreements 40

PYMNTS

JULY 15, 2019

Call it remittance on a global scale, or P2P without borders. The Xoom expansion, King said, should be placed amid the larger context of estimates by the World Bank that as much as $700 billion annually will change hands in P2P remittance transactions. All of that volume, he noted, “is ripe for innovation.”.

PayPal 80

PayPal Cross-Border Transaction Limits P2P 80

PYMNTS

DECEMBER 13, 2019

We do a deep dive on PayPal and the tech visions of Sam’s Club, and have new and original research into mobile card apps — along with many other stories. Visa Direct To Power TransferWise Real-Time Global P2P. PayPal’s Schulman: Why Payments’ Biggest Innovations Are Yet To Come.

P2P 52

P2P Consumer Financial Protection Bureau (CFPB) CFPB PayPal 52

Finovate

MARCH 7, 2025

Initially focusing on person-to-person (P2P) payments, Wero will expand to e-commerce in 2025 and in-store payments by 2026, offering various options such as instant payments, installment plans, and subscriptions. Has adoption of Wero been uniform across Europe or have some markets remained more reluctant?

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

PYMNTS

FEBRUARY 26, 2020

The company said that Square Capital saw loan originations topping $671 million across 97,000 originations, representing 42 percent growth year over year. Peer-to-peer (P2P) transfers were a key driver, noted management. The remaining 45 percent came in at volumes below $125,000.

Bitcoin 70

Bitcoin P2P Volume Origination 70

Fintech Labs Insights

JULY 10, 2015

P2P lending granddaddy, Prosper , recently published some facts and stats about its history, performance, and future plans, and we dissected the key pieces: Prosper launched in 2006, and six years later, in 2012, the company had closed $150 million in loans. What’s the most efficient way to understand the growth of a company?

Origination 28

Origination P2P Volume Checks 28

PYMNTS

JANUARY 29, 2020

Palette recently announced the launch of a white-labeled purchase-to-pay platform, SecureCloud P2P, for FIs to offer their own business customers. To be competitive in the P2P space today, especially at the mid- to high-end of the market, the investment would be millions of dollars and a number of years of development,” he said.

P2P 52

P2P Lockbox Value Added Service Payment Reconciliation 52

PYMNTS

MARCH 14, 2017

billion origination threshold. For the month of February , Zopa said it had a strong month with £81 million lent to consumers, marking a 41 percent year-over-year growth rate. Zopa, which is U.K.’s s oldest marketplace lender, announced in late January that it had become the first peer-to-peer lending platform to reach a $2.5

P2P 40

P2P Origination Service Provider Continuity 40

PYMNTS

MAY 18, 2018

Paul Finch, the CEO of Early Warning Services , which launched P2P payment network Zelle last year, announced that he will leave the company in 2019. The reality is the company has been making great progress, it’s well established in the fraud and risk space, and even with Zelle, the P2P business case is doing well.”.

Zelle 51

Zelle P2P Origination Authentication 51

CB Insights

MARCH 21, 2018

The blockchain ledger is being used to reduce transaction costs, pinpoint origins of energy, and increase the efficiency of exchanges. The majority of blockchain energy projects are focused on peer-to-peer (P2P) energy marketplaces. P2P energy sales have a few advantages. First Name. blockchain-enabled energy transactions.

Blockchain 63

Blockchain P2P Cryptocurrency Government 63

PYMNTS

SEPTEMBER 28, 2018

The original range set by the company for the stock was between 420 and 530 pence, according to reports. exposure and doubling down on local investment through new plans with the British Business Bank (BBB), P2P Finance News reported in July. The fund is reportedly turning away from U.S.

P2P 59

P2P Origination Small Business Facilitators 59

PYMNTS

AUGUST 5, 2020

That original market niche was tied to the premise that loose change, if not needed by consumers to make ends meet, could be steered toward charities such as the American Red Cross, the World Wildlife Foundation and a host of others. “If

Bitcoin 135

Bitcoin Payment APIs and Integration Online and Mobile Banking Credit Union 135

Fintech News

AUGUST 12, 2024

The company uses artificial intelligence (AI) and big data technology to provide peer-to-peer (P2P) lending, consumers loans, buy now, pay later (BNPL) arrangements, and more. Fiin Credit: Founded in 2018, Fiin Credit is a digital finance and consumer credit system in Vietnam.

FinTech 117

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 117

PYMNTS

MARCH 17, 2020

Led by the central bank (CBA), Aruba has now entirely moved off of batch payments to real-time settlement and clearing for all interbank payments that originate in Aruba. Like Curacao, Aruba collaborated with equensWorldline to ease the transition to real-time processes, the CBA noted. UAE Taps Ripple For Global Payments.

Instant Payments 98

Instant Payments Payment Networks Cross-Border Payments Cross-Border 98

PYMNTS

AUGUST 28, 2018

Peer-to-peer (P2P) marketplaces seek to make car relocation more accessible as they tackle the challenge of moving vehicles across the country. Car owners can interact with P2P car relocation services by listing their vehicles on the platforms and setting a price for how much they are willing to pay for the process.

Economy 52

Economy P2P Origination Process 52

Fintech Labs Insights

MAY 20, 2015

Since launching to the public in July of 2013, Bitbond has originated more than 600 loans through its platform. The post Bitcoin-Based P2P Lending Platform Bitbond Raises $670,000 appeared first on Finovate.

P2P 26

P2P Bitcoin Underserved Origination 26

Fintech News

JULY 23, 2024

CNBC’s Pick of Top Fintech Firms in Southeast Asia Akseleran (Indonesia) Founded in 2017, Akseleran is an Indonesian peer-to-peer (P2P) lending platform is among the top fintech firms in Southeast included CNBC’s list. CapBay (Malaysia) CapBay is an award-winning supply chain finance and P2P financing platform established in 2016.

FinTech 133

FinTech Online and Mobile Banking Multi-Currency Non-Bank 133

PYMNTS

SEPTEMBER 19, 2016

This marked the first P2P payments system within a communication platform. Facebook has changed its original strategy of taking a percentage of fees charged to companies for hosting games on the platform to one that now uses chatbots and artificial intelligence in the instant messaging service.

Payments 80

Payments P2P Bots PayPal 80

The Fintech Times

JULY 15, 2024

The service, which originally offered money transfers conducted using existing airtime infrastructure without requiring a bank account, has continued to grow following partnerships with banks, MNOs, fintechs, and e-commerce providers. .

Research 59

Research Financial Inclusion P2P Authorization 59

PYMNTS

FEBRUARY 14, 2020

FIs have been busy investing in technology, with an eye on mobile-centric, consumer-focused features and activities that include P2P , online account openings and loan origination. “Today’s consumers no longer compare a brand to its competitors; they compare it to the brands they use and love,” Cornell told PYMNTS.

Consumer 91

Consumer Online and Mobile Banking Small Business Debit Card 91

PYMNTS

DECEMBER 1, 2020

In a form quite a bit different than had originally been envisioned. Morgan’s Onyx, said that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments. As we reported , Libra may see daylight in what is being termed a “limited format.”.

Digital Currency 117

Digital Currency Central Bank Stablecoins Cross-Border Payments 117

PYMNTS

JANUARY 19, 2021

Moreover, the study demonstrated, Venmo as a payment method has already begun to expand its original bounds as a peer-to-peer (P2P) payment service used between friends. Ninety-three percent of Venmo customers have tipped individuals in the past six months, while 83 percent engage in a tipping activity monthly.

Venmo 79

Venmo Wire Wires P2P 79

PYMNTS

MAY 15, 2019

The combination of Visa and Earthport, he said, promotes “the ability to move money globally and efficiently, and at scale, making it simple for originators, [treasury banks and service providers] to do all this through a single connection. That’s B2B Connect,” he said.

Cross-Border 74

Cross-Border Cross-Border Payments Credential Wire Transfer 74

PYMNTS

FEBRUARY 18, 2020

He told PYMNTS that roughly 50 percent of that fraud is originating through mobile channels, which might make sense given the fact that a growing number of consumers are shifting to mobile commerce. The Fraud Itself. It can be as simple as changing your business rules or reallocating investigative staff,” he said of the pivot.

Fraud Prevention 66

Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66