P-to-P payments

Singapore-based OCBC Bank and Rapyd have formed a partnership that will leverage Singapore’s local P2P service plus Rapyd’s Checkout solution to power instant payments for local e-commerce purchases.

Following its own economic downturn that required bailouts by Saudi Arabia, Kuwait and the United Arab Emirates, Bahrain’s governors hit on an economic recovery plan that includes turning the tiny nation into a global payments hub.

In 2016, a big-bank consortium said that it would charge the same prices to all institutions, regardless of their size. But now the group has added a large caveat to that pledge.

The largest U.S. banks got a head start in launching Zelle through their mobile apps about 18 months ago, working closely with Zelle’s owner Early Warning Services LLC. It’s taking longer for smaller institutions to get up and running, due to some technical complexity.

A Cleveland startup’s play in the crowded and noisy P2P market is to nudge the transaction as close to digital version of paper money as possible — without Venmo’s social tools or Zelle’s email model.

Payment processor and financial messaging integrator Volante Technologies is partnering with the Banco Base financial group to provide end-to-end payments software for domestic and international payments.

As the consumer payments technology market is becoming saturated, B2B payments have captured the attention of the investment community, writes Karla Friede, CEO of Nvoicepay.

The gig economy presents many challenges in its reliance on a freelance workforce. Among those is the task of managing corporate spending for workers that don't use a corporate card or expense platform.

Visa and Remitly have formed a partnership enabling U.S. consumers to send cross-border remittances in real time via Visa Direct, the card network’s debit push-payments service.

As PayPal seeks to turn Venmo into a profit engine, the service has also taken steps to collect consumer debts, moves that are sure to spark controversy as some of the targeted users claim they have been fraud victims.