P-to-P payments

When Android Pay launched, Google Wallet became a P-to-P service. That market's getting popular, and Google is responding with a web upgrade.

PayPal still has a big lead over banks’ digital payment offerings, despite the many advances banks have made in recent years, a new study suggests.

The race to dominate person-to-person transfers has been a curious one so far, because P-to-P typically isn’t a money-maker for banks or even for PayPal, whose Venmo unit is generating red-hot growth this year in the category.

When Early Warning acquired clearXchange—soon to be renamed Zelle—late last year, the acquisition was applauded by banks that make up the P-to-P payments network because it brought Early Warning's various fraud detection technologies into play.

SimplyTapp is using host card emulation to make its mobile technology more widely available, in a move to improve performance among young people.

The bank-led clearXchange is changing its brand to reasonate more with consumers

The biggest surprise for many who awaited the Consumer Financial Protection Bureau’s final rule for prepaid cards was discovering that its reach extends to some of the payments industry’s highest-profile tech firms, such as PayPal Inc.’s Venmo, Square Inc.’s Square Cash and Dwolla.

Citi will join Early Warning's clearXchange, giving the bank-operated digital transfer network a boost as it takes on apps like PayPal’s Venmo.

San Antonio-based Frost Bank this week became the 11th financial institution to join Early Warning’s real-time payments network, which will continue to operate under the clearXchange brand at least through the end of this year.

Millennials hate banks so much, they’d rather go to the dentist than listen to what banks have to say. And digital payment alternatives are taking advantage.