P2P

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.

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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 […]

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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.

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Australian Banks Launch Beem It to Take on Their Own Osko

Beem It has been launched in Australia to allow real time peer-to-peer payments. It is owned by three of the big four banks and will compete against the NPP’s Osko. Marlene Awaad In the shadows of the Hayne royal commission, three of the major banks launched Beem It last week.

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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.

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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.

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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.

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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.

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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 […]

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Amazon Could Use Alexa for P2P Payments

More than 1 in 10 American households have an Alexa-enabled smartspeaker, and that number is rapidly growing. Amazon (NASDAQ: AMZN) is the leading player in the burgeoning smartspeaker market , and it intends to use that position to do more than sell music subscriptions and new shoes.

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Chat and Pay: How Social Media is Beating the Banks

Great night last night, how much do I owe you for the dinner? 25? Here you go. It’s a conversation most of us have had in person, but these days it’s happening increasingly on social media.The chat co

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