P-to-P payments

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.

FirstBank is the first non-founding member of clearXchange, a bank-led network that lets consumers send payments to other customers of clearXchange banks.

Simple, which provides financial services primarily through online and mobile channels, plans to launch two mobile person-to-person payments systems.

Tyfone Inc. has added Acculynk’s Payzur person-to-person payment capability to the mobile banking application it supports at Boulder Valley Credit Union.

PayPal's $800 million deal to buy the payments processor Braintree fuels a fast-paced acquisition streak that has granted PayPal some of most disruptive technology — and people — in the payments industry.

PayPal is nearing a deal to buy Braintree Payment Solutions, which would give the eBay subsidiary access to transaction fees from more than $10 billion in payments Braintree processes annually, according to a report in the Wall Street Journal.

Google made two drastic changes to its mobile wallet when it released an NFC-free version for Android phones and then, two days later, unveiled a version for the iPhone. What does the new Google Wallet look like on each device?

When Google decided to create an iPhone version of its Google Wallet, it turned to Austin-based Mutual Mobile for help — the same app developer that's quietly working on an overhaul of the Isis mobile wallet.

An iOS version of Google Wallet launches today on the Apple App Store, bringing the search giant's recently revamped mobile wallet to iPhone devices.

Google Wallet is getting over its reliance on a small set of Near Field Communication-equipped handsets with a new app that works on any phone running version 2.3 or higher of the Android mobile operating system.

Consumers in the U.K. using Barclays' Pingit mobile app will now have the option to use it for online purchases.