P2P

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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Ripple Makes Waves With Japanese Money Transfer App

SBI Holdings is not quite done with its foray into blockchain. The Japanese financial giant has announced plans to launch a mobile payment app for iOS and Android that will use Ripples distributed ledger tech. So far, all we know is that the app is expected to arrive this Fall and that it will be […]

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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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Why Apple Pay Is the Highest-Rated Mobile P2P Payment Service

In our first-ever test-based ratings of P2P mobile services, Consumer Reports rated Apple Pay the highest overall, with excellent or very good marks in the key consumer-protection measures of payment authentication and data privacy.

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MoneyGram and Visa Team to Deliver Real-Time Global P2P

MoneyGram and Visa announced that they have partnered to deliver real-time digital disbursements to MoneyGram customers using Visa’s push payments platform, Visa Direct.

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Snapchat Will Shut Down Snapcash, Forfeiting to Venmo

Snapcash ended up as a way to pay adult performers for private content over Snapchat, not just a way to split bills with friends. But Snapchat will abandon the peer-to-peer payment space on August 30th. Code buried in Snapchat’s Android app includes a Snapcash deprecation message that displays Snapcash will no longer be available after […]

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Instant Payment Apps Grow Up – Not Just for Millennials Anymore

Tara Moore | Getty Images You know a platform or tech is successful when it becomes a verb. A payments app owned by PayPal joined the ranks of Google and FedEx (at least in verbal usage) a few years ago when millennials began Venmo-ing each other to settle bar tabs.

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