P-to-P payments

IND Group, a European online banking technology provider, has partnered with PayPal to allow bank customers to transfer money to family and friends using their email addresses.

Convenience for the receiver will ultimately drive mass adoption of P2P payments and give financial institutions that deploy this service a competitive advantage.

Canadian financial services technology developer Davis and Henderson closed its $1.2 billion acquisition of Lake Mary, Fla.-based Harland Financial Solutions on Friday.

The European Commission says the phone company and banks involved in a mobile commerce joint venture in Spain can move forward because they are not violating anti-competition rules.

Realex Financial Services has launched Realex Fire, an account that enables users to create a circle of people to regularly pay.

Higher One, a provider of services to colleges and universities, has acquired PayDivvy Inc., enabling students to make person-to-person payments for the management of bills.

PayPal is making programming tools available worldwide to allow software developers outside the U.S. to integrate PayPal payments into their applications.

IDT Payment Services, a subsidiary of IDT Corp., launched an international money transfer service to expand its Boss Revolution payment platform.

Fiserv Inc. increased its payments revenue and signed new clients in the second quarter, pushing its overall revenue up 10%, to $1.2 billion, in the second quarter from a year earlier.

Bitcoin, a decentralized virtual currency, has been declared illegal in Thailand. Members of the Foreign Exchange Administration and Policy Department made the determination at a meeting on July 29 in the Southeastern Asian country, according to a Bitcoin exchange operator in attendance.

India's consumers have everything they need to move away from cash—they're just waiting for the right catalyst, according to Visa's Sam Shawki.

Davis and Henderson's planned $1.2 billion acquisition of Harland Financial Solutions marks the Canadian technology developer's biggest push into the U.S. market and its first foray into payments processing.

Online sales of goods between countries will almost triple over the next five years as more people shop on the Web and merchants seek consumers across globe, a study commissioned by eBay Inc.'s PayPal found.

The PayVest event in New York, presented by PaymentsSource, American Banker and NYPAY, brought together many key players in emerging payments and technology. Many of them are taking different paths to the future.

PayPal increased its presence in Australian bars, cafes and restaurants today by securing agreements with hospitality technology companies EatNow, OrderMate and Beat the Q.

Green Dot Corp.'s GoBank account is being featured on Lifetime's Project Runway.

PayPal and its parent eBay each expect $20 billion in mobile commerce and payment volume this year, eBay CEO John Donahoe says.

Space travel and tourism are achievable dreams for the near future, and PayPal aims to reach the final frontier before its rivals do.

Google and Square have entered the notoriously challenging person-to-person payment field, sidestepping one of the major hurdles other companies have faced: signing up new users.

For PayPal, mobile devices aren't just new instruments of payment. They are also a way to attract new active users.