P-to-P payments

A new survey finds that more than half of respondents planned to do most of their gift shopping through a smartphone.

If the deployment of faster payments came with a guarantee to boost a financial institution's bottom line, more banks and businesses would likely invest in bringing their legacy systems into a new age.

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments.

MoneyGram is partnering with Wing mobile banking service in Cambodia to offer money transfer services that allow users to send and receive funds directly into their mobile wallets.

From its start four years ago as a PayPal service, the Xoom mobile money transfer network has positioned itself as an international P2P app that could rival traditional networks through its speed and ease of use.

Singapore OCBC Bank will use Google Pay to support P2P transactions starting early in 2020, following a similar path as India, where banks have increasingly embraced Google Pay for transfers.

Square Cash generates a lot of revenue – and the road to Square’s success is the Cash P2P app, along with Seller tools, as its two curated ecosystems that are cross-selling their way to profitability.

PayPal is adding rewards to its Venmo credit card in a way that seems to echo Apple's strategy with Apple Card.

One more company has officially jumped on the free stock trading bandwagon. Over the next few weeks, Jack Dorsey’s Square Inc. will start allowing customers to buy and sells stocks for free on its cash payments app.

PayPal announced a record-breaking quarter on multiple fronts including overall growth in total payment volume , yet one issue still dogs PayPal — it loses money on the majority of Venmo users.

The bank-supported Zelle person-to-person payment network is starting to hit numbers its developers envisioned when entering the market more than two years ago.

PayPal’s latest move to jolt Venmo’s revenue is a co-branded credit card developed with Synchrony — something that challenger banks and fintechs may rush to compete against.

Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card.

American Express is adding a new dimension to its year-old partnership with PayPal by giving credit card customers more options for splitting a restaurant check and paying with loyalty points.

South Africa’s payments industry wants to displace cash by enhancing its B2B-focused digital payment system to add instant low-value mobile P2P transactions.

Any entity questioning Libra runs up against the longstanding legal precedent set by private label gift and GPR, and myriad other prepaid account offerings, says payments consultant and researcher Richard Crone.

The key is that FedNow will provide speed, equal access and an infrastructure that enables the private sector to build cross-platform solutions, says BillGo's Kelly Seidl.

The CFPB’s enforcement action against Maxi suggests that the CFPB may more aggressively enforce certain rules going forward, writes Jeffrey Alberts and Dustin Nofziger of Pryor Cashman.

Plaid, the San Francisco-based financial technology infrastructure provider, has received strategic investments from Mastercard and Visa as part of a $250 million round of funding. Plaid did not disclose the two networks' specific investments.

Square is testing out a new Cash App feature that would enable users to make free stock trades, according to a video outlining the product’s features seen by Bloomberg.