P-to-P payments

Credit unions enjoyed a boost to membership as consumers fled the big banks in the wake of the financial crisis. But they can't wait for the next global disaster to drive younger members into their arms.

Shopify is no stranger to social media — it’s had a partnership with Facebook for three years — and it sees Venmo users' social sharing habits as the perfect means to expand its mobile commerce platform.

Zelle processed 116 million transactions during the third quarter as its payment volume jumped to $32 billion, while Venmo's volume increased 78% to nearly $17 billion.

Zelle processed 116 million transactions during the third quarter as its payment volume jumped to $32 billion, while Venmo's volume increased 78% to nearly $17 billion.

The Zelle network processed 116 million transactions during the July-September 2018 timeframe with a total value of $32 billion in payments.

Cryptocurrency companies hope P2P transfers will prove habit-forming enough to convince consumers to try out a new currency.

As Venmo does battle with Zelle and Square for consumers' P2P payments, one thing is clear: Innovation is not cheap.

Financial crisis-era rebel Simple is turning to payments innovation — along with its traditional combativeness on fees and rates — to stay relevant against the many fintechs lurking at the edges of the banking world.

Banks are still in their experimental phase of using virtual and augmented reality to interact with customers, and the key to their success will be embracing the technology's social nature. And sometimes that means making an app designed for non-customers.

Angela Clark will be CEO of Beem It, which launched in May and has the backing of National Australia Bank, Westpac and Commonwealth Bank.