PYMNTS

AUGUST 31, 2020

The fiasco around distributing individual stimulus payments and Paycheck Protection Program (PPP) loans made it glaringly obvious that despite advances like instant P2P transfers in the consumer world, business disbursements lag. Payors know this but greatly underestimate how much payees value instant payments.”.

Payee

PYMNTS

DECEMBER 3, 2019

Today, we are still seeing instant payments limited to certain demographic sets and market slices — peer-to-peer (P2P) payments among millennial consumers or instant payroll disbursements for gig workers. And availability, he added, isn’t as simple as just having a method by which a payee could theoretically accept an instant payment. “I

Instant Payments

PYMNTS

NOVEMBER 12, 2020

consumers are now using some kind of P2P mobile application, such as Venmo.”. Edwards added that “we see mobile wallets like PayPal as a significant and material component in the future of disbursements and payee choice for all consumers and small businesses, including the unbanked segment. “Eighty-one percent of U.S.

Online and Mobile Banking

PYMNTS

SEPTEMBER 8, 2020

Yet, the way consumers receive disbursements stands in stark contrast to how many of them make payments today, with one-touch simplicity of peer-to-peer (P2P) apps like Venmo and digital wallets like Apple Pay. Our research reveals a perception gap between payers and payees when it comes to payment choice.

Small Business

The Payments Association

APRIL 23, 2025

The verification of payee (VoP) requirement represents another challenge that must be addressed by October, adding further pressure to banks. Systems that verify the IBAN matches with the intended recipients name notably a feature not previously mandatory in SEPA credit transfers are now compulsory.

Real Time Payments

PYMNTS

NOVEMBER 2, 2017

Zelle , the peer-to-peer (P2P) payments platform deployed by more than a dozen financial institutions to take on competing offerings like Venmo and Square Cash, is stepping into the world of corporate payments through a new offering by U.S. The solution supports real-time messaging and real-time or next-day P2P payments.

Zelle

FICO

NOVEMBER 10, 2020

Within these groups there are patterns for device(s) used, merchants shopped at, and bill pay, mobile pay, eCommerce and P2P payees. Leveraging vast quantities of anonymized transaction data delivered by the FICO® Falcon® Intelligence Network , the Falcon Platform can: Understand normal patterns within broad behavioral “archetypes.”

Credit Cards

FICO

JANUARY 31, 2018

These countries already have P2P and e-wallet payment mechanisms, which are often called real-time payments. Are open loop, payer and payee do not need an account at the same provider. This year and next sees many regions adopting real-time payment schemes, adding to existing schemes in countries such as the UK, Switzerland and Japan.

Real Time Payments

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

Payment Savvy

NOVEMBER 9, 2022

This is where peer-to-peer (P2P) payments come in. P2P payments are electronic payments made between two individuals without needing a financial institution. Many different platforms facilitate P2P payments; Paypal and CashApp are two popular examples. Or what if you want to make a payment without using a bank at all?

Online and Mobile Banking

FICO

APRIL 8, 2022

For example, to assess a person to person (P2P) money transfer transaction for potential APP fraud, many pieces of customer data are relevant: Device (known or unknown computer, tablet or smartphone). P2P like Zelle, PayPal, Venmo, CashApp). Transaction type (e.g.

Scams

PYMNTS

JANUARY 24, 2020

If payees had their way, all payments would be instant. From splitting dinner with a peer-to-peer (P2P) app to paying the freelancer who redesigned your website, everything is going instant. Now, Please. That’s a fair (if informal) summary of a half-dozen recent studies about payment preferences. Unstoppable Instant.

Payee

PYMNTS

NOVEMBER 15, 2019

You’ve killed the check — but no one had to call in and sign up, it’s a process very much like onboarding to use a P2P service,” he said. Even if they can capture a large share of potential payees, there is some segment that just isn’t compatible with their system or feasible to manually engage with.

Instant Payments

Finovate

SEPTEMBER 20, 2024

This helped TBC enter the market in 2019 via the acquisition of the leading P2P payments app Payme to quickly achieve profitable growth and access to a huge customer base. Bulgaria-based Paynetics teamed up with tell.money to launch its Confirmation of Payee (CoP) service. Let’s talk a little more specifically about TBC Uzbekistan.

Innovation

M2P Fintech

MARCH 28, 2024

Peer-to-Peer Lending/P2P Lending P2P lending is a financial activity that facilitates direct borrowing and lending between individuals via online platforms. Push Payments Push payments are a type of electronic transaction where the payer actively initiates the transaction and sends funds directly to the payee.

FinTech

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

PYMNTS

FEBRUARY 28, 2019

It aims to instead provide quicker, smoother processes by enabling digital payments to various youth sports stakeholders, online or via mobile app, with funds pulled directly from payers’ bank accounts and sent into payees’ accounts. While digital person-to-person (P2P) payments solutions like Venmo have become popular in the U.S.,

Reconciliation

PYMNTS

NOVEMBER 28, 2016

Naturally, one of the first use cases to come to mind for real-time payments is P2P payments. Corporates often want to make disbursements available to payees faster, Hay explained. But as the technology becomes more widespread and as more banks are able to offer it, faster payments is getting picked up by the corporate world, too.

Faster Payments

PYMNTS

JUNE 9, 2017

Because the cost is unpredictable and wires are expensive to send, marketplaces usually wait until a payee has reached a minimum credit on their account before the company will make the payment. Meanwhile, on the seller’s side of the equation, expectations are continuing to change with the growth in popularity of P2P payment apps.

Cross-Border

PYMNTS

AUGUST 30, 2018

Logos intends to expand the ecosystem for that platform by creating blockchain explorers and apps enabling P2P transfers. In pursuit of developing a new payment system, Logos Network also recently secured $3 million in seed funding, which it plans to spend on establishing a blockchain-based network. Deep Dive: Blockchain and Payment Rails.

Cross-Border

FICO

NOVEMBER 30, 2022

By convincing individuals to send money through apps like Venmo, CashApp, Zelle and others, or adding a payee for traditional ACH transactions, fraudsters are perpetuating what is known in the financial industry as Authorized Push Payment (APP) fraud (in the UK) or authorized user fraud (in the US). Banks can go on the offensive too.

Scams

PYMNTS

AUGUST 15, 2018

Today, their technologies must communicate with existing infrastructures as systems migrate to the cloud, address the points of friction before and after payment, and support the needs of not only the corporate payer, but of the payee, too. But, he told PYMNTS, there are a few areas where the industry should perhaps reexamine its approach.

B2B

PYMNTS

MAY 5, 2016

If the direct bill presentment process through the bank channel is compelling, Waterhouse said, it will create an opportunity for payees and billers to move away from biller-hosted payment sites. That’s what we’re really looking for – how can we change the bill payment experience so it really works for everybody,” Ledford said.

Faster Payments