Payments Dive

OCTOBER 31, 2022

The company is bringing the peer-to-peer payments tool to community and regional bank clients, after big banks made P2P popular through Zelle.

Payments Tools 114

Payments Tools P2P Zelle Payments 114

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

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

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

Payments Source

OCTOBER 27, 2020

Bank of America has seen a 33% increase in cash gifts flowing through the Zelle P2P app since the start of the pandemic, with total gifting volume reaching $1 billion.

Zelle 168

Zelle P2P Volume Payments 168

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.

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P2P Process Automation Checks 52

PYMNTS

OCTOBER 9, 2020

Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Staying Home And An Aversion To Cash.

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P2P Visa Economy Near Real-Time 135

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 102

P2P Disputes Legal Underwriting 102

PYMNTS

AUGUST 14, 2020

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. At one time, the P2P industry issued more than $150 billion of loans from 50 million investors. 14), per the report.

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P2P Law Enforcement Audit Non-Bank 126

Finextra

DECEMBER 28, 2023

The Emergence of P2P Apps In our tech-driven world, convenience reigns supreme. Peer-to-peer (P2P) p.

P2P 64

P2P Payments 64

PYMNTS

JANUARY 22, 2021

"Our strategic partnerships have enabled MoneyGram to create the world's leading network, and this expansion is another milestone on our journey to lead the evolution of digital P2P payments," Alex Holmes, MoneyGram chairman and CEO, said in a press release on Friday (Jan. using Visa Direct.

P2P 107

P2P Cross-Border Real Time Payments Cross-Border Payments 107

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

PYMNTS

MARCH 10, 2020

Will this be the year that real-time payments — and, especially, peer-to-peer (P2P) — reach critical mass in the United States? He noted that P2P is the first application of real-time payments to gain traction, and said the arrival of that payments functionality is “long overdue.”. Streamlining the Onboarding Process. Building Trust .

P2P 92

P2P Real Time Payments Zelle Credit Union 92

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

Payments Source

JANUARY 7, 2019

The market for cross-border person-to-person (P2P) remittances is massive. It experienced double-digit growth in 2018 as consumers migrated from one country to another in search of better economic opportunities, as well as to escape political and financial upheaval in their home countries.

Cross-Border 120

Cross-Border P2P Consumer Cross-Border Payments 120

Payments Source

FEBRUARY 27, 2019

P2P transfer apps aren't just for splitting the rent — they can also be portals to a wider array of financial services, as Canada’s national Interac debit network plans to prove.

P2P 103

P2P Debit Network B2B Payments 103

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. In her role, Burgess will “focus on delivering improved customer experiences and increasing P2P usage across Santander’s expansive footprint to foster an international payment network.”

P2P 90

P2P Payments PayPal International Payments 90

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. However, P2P’s future growth will depend on solving problems related to data privacy and other issues — at least, according to some observers. P2P Partnerships.

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P2P Zelle Venmo Debit Card 79

Payments Source

FEBRUARY 20, 2019

Digital P2P payments are quickly beginning to displace other payment forms such as cash and checks due to their convenience and growing ubiquity. Consumers are expressing an ever-increasing interest in making digital Person-to-Person payments to friends, families and even businesses for bills, shared expenses or temporary loans.

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P2P Checks Consumer Payments 91

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. A look at the recent Q4 financial figures for P2P tells a mostly positive story.

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Venmo P2P Zelle PayPal 71

PYMNTS

JUNE 12, 2020

millennials were early adopters of person-to-person (P2P) payment apps, while Baby Boomers sought out financial institution-based P2P options and older consumers were slow to join in

P2P 65

P2P Payments Consumer Contactless Payments 65

The Nilson Report

JANUARY 15, 2024

The post RevoluPay introduces Visa Direct for Instant P2P Payments Through RevoluSend appeared first on Nilson Report.

P2P 40

P2P Payments Posting 40

Payments Source

MARCH 5, 2019

Pan-European payments and transaction services provider equensWorldline has launched its domestic interoperable P2P mobile payment scheme across the continent.

P2P 99

P2P Interoperability Mobile Payments Payments 99

PYMNTS

SEPTEMBER 24, 2019

Person-to-person (P2P) payments providers are also trying to accelerate their services. PayPal recently announced that it would enable users of its Venmo P2P app to instantly transfer funds to bank accounts over The Clearing House’s Real-Time Payments rail. Meeting Older Generations’ Rising Demands for Mobile P2P.

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P2P Faster Payments Push-to-Card Real Time Payments 98

Payments Source

SEPTEMBER 9, 2019

MoneyGram has partnered with Visa to leverage debit push payments for P2P transfers in the U.S., with plans to eventually expand the service internationally.

P2P 76

P2P Payments Debit Card Process 76

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.

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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.

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P2P Digital Currency PayPal Cryptocurrency 78

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.

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Zelle P2P Scams Financial Crimes 89

Payments Source

FEBRUARY 4, 2021

JoomPay has launched a new P2P service for money transfers across Europe, operating as a socially-focused spinoff of the Joom e-commerce marketplace.

P2P 67

P2P Payments 67

PYMNTS

DECEMBER 16, 2019

Peer-to-peer (P2P) lending platforms have shuttered in China’s Hebei province as regulators aim to get rid of deception and inefficiency in the sector, South China Morning Post (SCMP) reported on Friday (Dec. Hebei has become the second province in China to outlaw the P2P business after Hunan, which imposed the ban in October.

P2P 52

P2P Regulations Checks Government 52

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 Source

APRIL 9, 2019

A Cleveland startup’s play in the crowded and noisy P2P market is to nudge the transaction as close to digital version of paper money as possible — without Venmo’s social tools or Zelle’s email model.

P2P 79

P2P Transactions Data Security Privacy 79

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.

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P2P 180

Payments Source

MARCH 22, 2019

The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge?

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P2P Payments Zelle Venmo 85

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.

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P2P Central Bank Instant Payments NOV 105

Payments Source

JUNE 15, 2020

Square has added fuel to its growing Cash transfer service by agreeing to buy Verse, a Spanish P2P app.

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P2P Acquirers Payments 89

PYMNTS

DECEMBER 23, 2019

The Reserve Bank of India (RBI), in a move to protect the interests of consumers, has passed a regulation that says the allowable exposure of a lender to all of its borrowers should not go over Rs 50 lakh ($70,000) at any time on a peer-to-peer (P2P) platform, according to a report by Business Insider. “On

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P2P Caps Laws Interoperability 52