P-to-P payments

Payveris and D3 Banking are integrating their technology to allow banks and credit unions to use Payveris' digital payments functions with D3 Banking's multichannel digital banking service.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

Amazon.com is developing a person-to-person payments system that would compete against the likes of PayPal, according to a job listing on the e-commerce company's website.

Ribbon is extending its payments services beyond merchant acceptance to include person-to-person payments.

OnPoint Community Credit Union is using person-to-person payments as the foundation of building consumer comfort with mobile as a channel for money movement.

A pair of companies has launched services on Twitter that allow users to transact in Bitcoin across the microblogging site. And while Twitter has been selective of what companies facilitate payments in the past, the social networking giant hasn't yet touched these Bitcoin services.

Even though nonbanks seem to be taking the lead in the mobile wallet race, U.S. consumers still put more trust in banks to protect their money.

Mozido LLC, a white-label mobile technology provider, is piloting a person-to-person payment method using Bluetooth Low Energy (BLE) technology, allowing users within proximity of each other to transfer funds with their mobile devices.

VoiP provider Rebtel has debuted Sendly, an app that allows users to send money to prepaid mobile subscribers in more than 50 countries.

JPMorgan Chase's recently published patent application for a free online payment system offers some hints about the bank's future payment plans.

CO-OP Financial Services is upgrading its Sprig digital wallet to allow broader person-to-person payments, and is also adding mobile credit and debit card control and alert features.

Ally Bank expanded its use of Fiserv's Popmoney person-to-person payments service, allowing consumers to send and receive funds from the bank's mobile banking app.

Electronic and social media payments provider Ribbon is building a person to person payment service, joining a market that's small yet fiercely competitive, analysts say, adding that Ribbon will be pressured to pair P2P with other products.

If checks, a payment method that’s hundreds of years old, can be updated for the Internet age, why can’t America’s four-decade-old electronic payments system? It’s not for lack of trying.

Banks and payments companies are trying to develop new technology for customers' evolving needs, including person-to-person payments. But many of these new innovations must measure themselves against Square and its success. Daniel Wolfe, Editor-in-Chief of PaymentsSource, reports from SourceMedia's ATM, Debit and Prepaid Forum.

Sixty percent of consumers make at least one payment per month with a laptop or desktop computer, according to a survey commissioned by Fiserv.

There is a surge of activity in person-to-person payments, with the biggest banks going head-to-head with technology giant Google and other significant rivals.

Square's new P2P service, Square Cash, is meant to be so straightforward that you don't need an app to use it — but Square published an app anyway. The Square Cash app joins a growing suite of Square apps for merchants and consumers.

Square has officially launched its person-to-person payment system, Square Cash, which lets debit card users send funds by typing an email.

At $12 billion in deposits, FirstBank narrowly misses being ranked among the top 50 banks. But it's rubbing shoulders with the top three as it becomes first non-founding member of the clearXchange person-to-person payments network.