Post Tagged with: "P2P payments"

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

by January 19, 2017 at 11:14 am 0 comments

Zelle, the peer-to-peer payments platform formerly known as clearXchange, will put customers back in banks’ hands, PNC CEO Bill Demchak said Friday. P2P has been a notable success of nonbank players such as PayPal, which offers a host of consumer-facing payments products, perhaps most notably Venmo. In October, PayPal CEORead More

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

by January 18, 2017 at 3:23 pm 1 comment

When it comes to banks, only 26% of Americans strongly agreed with the statement that banks had their best interests in mind, according to a recent report conducted by Salesforce—and, unfortunately, the survey respondents do not seem to be distinguishing between banking and fintech. According to the report, fewer thanRead More

Dwolla to Exit Consumer Space, Focus on API Offerings

Dwolla to Exit Consumer Space, Focus on API Offerings

by November 11, 2016 at 1:50 pm 1 comment

Dwolla, one of the elder statesmen of the fintech startup world, announced today it will leave the consumer space and focus on its offerings for businesses. The change will take place soon — Dec. 7. As the Des Moines, Iowa-based company put it in a blogpost: Dwolla is no longerRead More

PayPal Adds Ability to Pay with Siri — But Not iMessage [VIDEO]

PayPal Adds Ability to Pay with Siri — But Not iMessage [VIDEO]

by November 10, 2016 at 5:05 pm 1 comment

PayPal is joining the platform party on iOS. In September, Venmo — along with Circle, neobank Monzo, and Square Cash — took advantage of the platformization of Siri and iMessage and tied their services into the voice and text-based mediums. Today, PayPal added the ability to send and receive moneyRead More

Facebook Launches Craigslist-like MarketPlace (But with Less Fraud?)

Facebook Launches Craigslist-like MarketPlace (But with Less Fraud?)

by October 3, 2016 at 12:10 pm 1 comment

As you might have seen, the second your eyes opened this morning (I’m assuming like the rest of the population that your phone is already in your hands when this happens, if for no other reason than shutting off your alarm), Facebook has just today launched its own peer-to-peer, ecommerceRead More

Top Fintech Raises: InstaMed, Kyriba, Lydia, BigchainDB, Remitly

Top Fintech Raises: InstaMed, Kyriba, Lydia, BigchainDB, Remitly

by October 3, 2016 at 10:35 am 1 comment

While there weren’t any mega rounds this past week, the funding for fintech is still trickling in—also Beyoncé became a tech investor, so maybe she needs a payment company; keep hope alive—and investors are still putting their money into the different areas of the industry, like specialized payment platforms, blockchain,Read More

Why Do People Use Venmo? Check the Emojis.

Why Do People Use Venmo? Check the Emojis.

by September 28, 2016 at 3:46 pm 0 comments

The classic use case for peer-to-peer payments is splitting a check — it’s straightforward, easy to understand, and the people doing it are young and having fun (probably). But the problem is that the average P2P payment, according to JPMorgan Chase, anyway, is $300, rather expensive for a dinner bill.Read More

Wells Fargo Mobile App Still In Google Play’s Top 10, Despite $185M Fine

Wells Fargo Mobile App Still In Google Play’s Top 10, Despite $185M Fine

by September 14, 2016 at 10:18 am 0 comments

It shouldn’t be a surprise to see Credit Karma’s mobile app in this week’s top slot for finance apps on Google Play—finance-wise, that seems like the app to beat—but what is a little surprising is the continued reign of Venmo on the iOS side. PayPal’s P2P service app is on aRead More

Venmo Will Soon Be Larger Than Any Bank P2P Service

Venmo Will Soon Be Larger Than Any Bank P2P Service

by August 1, 2016 at 12:38 pm 9 comments

July’s PayPal earnings call talked quite a bit more about Visa than Venmo, but while the consequences of the Visa deal are still unknown, Venmo’s numbers are already known, and they look great. Specifically, Venmo processed $4 billion in transactions in Q2, compared with $3.2 billion the quarter previous. This isRead More

Citi Appears to Be Pursuing Deal with Square Cash

Citi Appears to Be Pursuing Deal with Square Cash

by June 29, 2016 at 10:51 am 6 comments

Is Citigroup going to partner with Square to offer the startup’s peer-to-peer payments service to Citi customers? That’s the implication from a recently published article in Fortune. Square Cash was launched by Square in 2013 for P2P payments. The service is available in the U.S., and for both personal orRead More