P-to-P payments

The banks behind the Zelle network had more in mind than P-to-P payments between consumers, and BNY Mellon is beginning the network's evolution by targeting the business payments market.

Parents with children on youth sports teams have a lot to keep track of, not the least of which is payments for the fees associated with competitions.

For financial institutions to match Venmo and Apple Cash's power, they need an embedded, mobile and social payment strategy, write Richard Crone and Heidi Liebenguth of Crone Consulting.

While Zelle is working hard to become the Venmo for grown-ups, it is also pushing into retail payments, particularly in opportunities for displacement of cash and check and where funds are needed in minutes rather than days or weeks.

PayPal has been working to expand Venmo's audience beyond millennials for more than a year, a strategy that it hopes to further with instant transfers.

Apple is not going to sit idly as Facebook transforms its Messenger app into a platform for P-to-P payments and commerce.

An exclusive look at the Senate's tightly held housing finance plan drew the most interest from readers this week, while TD's foray into AI and the roller coaster at CFPB also dominated attention.

The P-to-P payments service promises to clear transactions in near-real time, but many consumers have complained that they have been unable access their money or even open accounts. Zelle has acknowledged the delays and says they are a result of its rigorous enrollment process.

The debit card is growing in popularity in the U.S. for retail transactions, and consequently FIs are making debit a top priority. However, the strength of debit is a double-edged sword.

Fevo partners with ticketing websites such as Ticketmaster, Tickets.com and Axs.com, using its software to power a "go with friends" button to the ticketing sites.

Commercial customers, including small businesses, seem ready to pay up to shift to faster, more sophisticated electronic invoicing and payments, and enterprising banks that provide them the technology to do so could find it lucrative.

Here we take a data-driven journey into 2018 and some of the key trends that we’re likely to witness.

Here we take a data-driven journey into 2018 and some of the key trends that we’re likely to witness.

Interac's e-transfer system has jumped in usage, and has become a gateway for myriad other services including a collaboration with MoneyGram.

The move will impact more than 800 credit unions.

Some firms are investing in technology to help insurance clients shift to paperless payment processing.

Apple Pay Cash is chasing peer transfer share in a maturing market, going up against long-established services like Venmo, Square Cash and the bank-powered Zelle.

Digital payment brands like Venmo are achieving scale quickly by recognizing that no one wakes up thinking they need to make a transaction. They really focus more on what they have to pay for, according to CO-OP Financial Services' Shazia Manus.

Venmo achieved its status by designing its interface like that of a social network. PayPal's version of that comes from Facebook.

PayPal is following up on its P-to-P Facebook Messenger service by adding a chat extension that supports invoicing as part of a broader conversation about a sale.