P2P

A Path to Victory in the Payments Game

All financial institutions have some skin in the Payments Game, but who’s holding the winning hand? No matter the size or scope, make no mistake—everyone is a player in this game. Why? Because people buy a lot of stuff, and they want their payments to be a no-brainer: convenient, secure and reliable.

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Keeping Track of the Evolving Growth of P2P Payments

Last week, Pay Pal announced earnings and also some growth numbers around its P2P service, Venmo. Yesterday, Early Warning announced numbers for Zelle.

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VIDEO: What Consumer Segment Is Most Likely to Use P2P to Pay Online for Goods and Services?

What Consumer Segment Is Most Likely to Use P2P to Pay Online for Goods and Services? Is it A: Consumers who earn between $75,000 to $99,000B: Consumers who earn $100,000C: Mobile payersD: Young AdultsData for this episode of Truth In Data provided by Mercator Advisory Group’s report –  U.S.

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Zelle, Venmo P2P Payments Race Gains Fresh Fuel in Q3

The third quarter proved more than kind to peer-to-peer (P2P) payments, at least according to financial results for the two main competitors, Zelle and Venmo, which continue to duke it out for market share and consumer loyalty – and doing so as another big digital player prepares to debut a P2P offering. On Tuesday (Oct.

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Amex, PayPal Partner for Pay With Rewards, P2P Transactions

American Express and PayPal have announced a partnership that will improve the digital payments experience for U.S. American Express Card Members paying with PayPal and Venmo.

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PayPal Raises Venmo Fee. Users Rant.

PayPal Holdings Inc. increased a Venmo fee as part of a broader push to make money from the fast-growing mobile payment service, prompting backlash from users on social media.PayPal said it will charge 1 percent when Venmo account holders transfer money quickly to their bank accounts, starting Nov. 6.

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The Zelle Argument

Some credit unions and also community banks are looking askance at some of the newer and faster payment solutions now launching. For person-to-person payments, there has been a vocal debate if Zelle is the right product for customers and members of smaller institutions.

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Google P2P Payments via QR Codes in the Offing?

Google is working on using QR codes to allow its users to send peer-to-peer (P2P) payments. While Google Pay already enables P2P payments, XDA-Developers revealed that the company is adding support for QR codes to make that process a bit easier, at least if a user needs to pay someone they just met and make […]

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Zelle No! Credit Unions Balk at Joining Bank-run P2P Network

Some credit unions won’t join the bank-operated Zelle P2P network – even as their members demand the service. Zelle doesn’t require a bank or credit union to participate in its network to allow it to receive funds; so even Zelle holdouts will see some activity on their accounts.

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Will Square Be the Next P2P Provider to Get Into Banking?

At Recode’s annual Code Commerce conference this week, Square Chief Financial Officer Sarah Friar indicated that the company is considering lots of [banking-related] ideas, including savings products and investment services. According to a pymnts.

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Zelle Wants to Let You Pay Businesses, Too

Zelle, a Venmo-style app that lets consumers send money to friends, roommates and babysitters, is working on ways to ensure that customers can safely pay small businesses as well, according to people familiar with the situation. Zelle, backed by Bank of America Corp., JPMorgan Chase & Co.

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The Allure of Debit Cards for P2P Payment Companies

In the U.S., debit cards are the most popular method of payment, so it’s not surprising that many fintechs are trying to enter the debit card market.

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