P2P

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.

Read More

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.

Read More

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 […]

Read More

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.

Read More

Google Pay Rolls Out Support for Peer-to-peer Payments and Mobile Ticketing

Google is making several updates to Google Pay, its recently-rebranded service for all its different payments tools. Most of these updates were announced earlier this year, but now, Google says they’re actually going live in the app. One of the additions is peer-to-peer payments.

Read More

Zelle Forecast to Overtake Venmo This Year

Despite some concerns over its adoption by scammers, new payment service Zelle is shaping up to overtake rival Venmo this year, according to a new forecast from eMarketer. The firm expects Zelle to grow more than 73 percent in 2018, to reach 27.4 million users in the U.S., ahead of Venmos 22.9 million. Square Cash […]

Read More

How to Make P2P Payments Pay for Banks

By offering free person-to-person payments, Venmo was able to gain an early edge, and set the customer expectation for free P2P transactions. Since banks have banded together through the Zelle network to take on Venmo in P2P payments, the question of how to monetize P2P transactions has concerned the industry.

Read More

French Banks to Introduce P2P Mobile Payments

Paylib, the mobile wallet developed by a consortium of French banks, is set to introduce person-to-person payments utilising customer phone numbers. BNP Paribas is the first bank to roll out the P2P option, enabling users to send cash to friends by simply keying in a phone number.

Read More

5 Trends Reshaping Payments in 2018

From card issuers and acquirers to ISVs and gateways, payments providers are working to simultaneously embrace new technologies and keep pace with rising customer demands. The result is a dramatic change in how payments products and services are being built, deployed and utilized.

Read More

Zelle’s Bumpy Ride Toward Ubiquity

Zelle, the bank-led person-to-person payment network, is having growing pains. As of Tuesday, 100 financial institutions were enrolled and 19 were up and running. In the first quarter alone, 25 billion passed through the network in 85 million transactions.

Read More

Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud

Last June, Early Warning introduced Zelle. It is built directly into each banks mobile app, making the system easy to use for customers or thieves who gain access to their accounts.The scale of the problem is hard to pinpoint, because Zelle is fairly new and banks do not report much data about it.

Read More

Bank of America: You Don’t Have to Be Cool to Win in P2P Payments

In peer-to-peer payments, there may be room for more than one winner. PayPal Holdings’s Venmo was once synonymous with the act of sending money digitally to a friend, replete with emoji annotations and a news feed of all your friends transfers. Now the big banks are now showing that you don’t have to be young […]

Read More