P-to-P payments

EQ Bank, BankMobile and solarisBank offer insights into how they built their digital-only banks with design thinking, new products and money management tools.

A consortium of 106 Norwegian banks are taking over Vipps, the mobile payments service DNB Group launched that supports person-to-person, mobile, online and in-store payments across Norway.

Most talk around bots is decidedly consumer-focused, enabling ways for people to schedule an Uber or order lunch. But PayPal, in working with the business chat client Slack, is setting a much different tone.

Users can set up organizations specific to money transfers for events or groups, allowing invitations to be sent to up to 50 people through a text message or push notification.

The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.

BMO Harris Bank is providing its customers with a branded P-to-P payment app, continuing a trend of developing mobile payment and banking services.

Fraudsters are licking their chops at the thought of infiltrating person-to-person payment systems and enabling a never-ending flow of small-value transactions — with the potential to strike bigger accounts.

Fraudsters are licking their chops at the thought of infiltrating person-to-person payment systems and enabling a never-ending flow of small-value transactions — with the potential to strike bigger accounts.

Banks have traditionally used consumer products to serve small businesses. The growth of alternative payment options means banks may lose customers, particularly among young business owners.

Miami-based NovoPayment, a payment provider with broad reach in Latin America, has upgraded its platform to support corporate bots enabling consumers to conduct person-to-person payments and other transactions within Facebook Messenger, the company said in a Jan. 9 press release.