News about P2P.
December 1st, 2016
Banking and payments technology provider FIS is to offer Early Warning’s Zelle P2P payment service to its financial institutions. “The partnership with Early Warning will enable FIS financial institutions to join the Zelle network quickly and with minimal effort,” FIS says. Zelle was unveiled at Money20/20 in October 2016, and was built on top of the existing ClearXChange network.
November 29th, 2016
P2P mobile payments app Twyp is to be closed down in the Netherlands from 15 December 2016 after customers there said they “don’t need or want a separate app to make payments to friends”. Launched…
November 28th, 2016
South Africans can now use Mastercard’s Masterpass digital wallet to pay for goods and services at more than 30,000 merchants accepting SnapScan in South Africa, using their mobile phones by scanning a QR code at…
November 21st, 2016
Apple is investigating the possibility of adding the functionality of its Siri virtual assistant to its iMessage service that would enable iPhone users to perform P2P payment transactions, a recent patent published by the US…
November 16th, 2016
Finnish consumers will be able to make P2P mobile payments using a mobile phone number from March 2017 through Siirto, a new platform unveiled by ATM operator Automatia — a company owned by three of…
November 15th, 2016
Swedish mobile payments specialist Seamless’ Seqr mobile payment platform has launched a P2P money transfer service that enables users to instantly transfer money to each other “regardless of where they are in the world”, the company says. The service is being rolled out to 14 countries across Europe: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Spain, Sweden and the UK.
November 10th, 2016
The value of mobile payment transactions made in the US is expected to rise 183.3% this year to US$27.67bn, more than doubling next year and reaching US$314.13bn by the year 2020, research released by eMarketer…
October 31st, 2016
ING wants to enable Spanish consumers “to collect cash with their mobile” in 3,500 retail locations using Twyp, the bank’s P2P mobile payments app launched in December 2015. “We’re a mobile platform that 35m people carry in their pockets,” says the bank’s Julia Vilar. “This means we have 2bn potential contacts with them every year. The traffic is there and customers trust us.” Twyp lets users transfer money to contacts via a chat function and a personal code confirmation.
October 25th, 2016
In-store mobile payments have experienced a “long and difficult road” but the functionality is now starting to resonate with consumers, PayPal’s EVP and chief operating officer Bill Ready has told attendees during a keynote at Money20/20….
October 4th, 2016
Money transfer network Western Union has launched a mobile payment app in Canada to enable domestic and cross-border money transfers. “The new app allows users instant, anytime, anywhere access to Western Union’s sophisticated physical and digital money transfer infrastructure, allowing them to send money to nearly every corner of the world in just a few clicks,” the company says. Consumers will also be able to view past and pending transactions and track money transfers from their mobile device.
October 3rd, 2016
US bank Citi has become the latest to join Early Warning’s bank-led digital payments network ClearXChange. The move will enable its customers to send or receive real-time P2P payments to or from users of participating financial institutions. The service was made available to all member financial institutions in June 2015 and is reportedly in the process of rebranding as Zelle. Citi will introduce the P2P functionality in early 2017.
September 20th, 2016
US financial institution Frost Bank has joined Early Warning’s bank-led digital payments network ClearXChange. “Through the network, Frost Bank is now able to offer P2P payments directly through its online and mobile banking platforms,” Early Warning says. “In the first quarter of 2016, customers at banks in the ClearXChange network completed more than 46m P2P transfers, accounting for over US$16bn in combined transaction volume.” The service was made available to all member financial institutions in June 2015. ClearXChange is reportedly in the process of rebranding as Zelle.
September 9th, 2016
Customers of the Commonwealth Bank of Australia (CBA) and UK bank Barclays will soon be able to send money to each other using a mobile phone number through CBA’s CommBank app and Barclays’ Pingit P2P payment service. The option will…
August 30th, 2016
An update to Google Wallet is adding support for automatic transfers to bank accounts. “Users will now be able to select a bank account or debit card for automatic transfers within the app or via the web,” TechCrunch reports. “Once enabled, you won’t have to manually cash out money from your Wallet balance — it will just automatically become available.” The update will begin rolling out gradually this week. Google relaunched Google Wallet as a P2P payment solution in September 2015.
August 10th, 2016
Mastercard and Visa have joined Early Warning’s peer-to-peer network ClearXChange, allowing US consumers to send money to others using their Mastercard or Visa credit and debit cards. The payment networks join Capital One, Bank of America, US Bank, JP Morgan Chase and Wells Fargo in supporting the service, made available to all member financial institutions in June 2015.
July 26th, 2016
Mobile network operator Telefónica Deutschland has launched a mobile-only bank in partnership with Fidor Bank in Germany. The service will allow peer-to-peer (P2P) transactions to be made using mobile phone numbers and will come with a Mastercard debit card for in-store and ATM transactions.
July 12th, 2016
Customers of Capital One in the US can now make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange. The bank joins Bank of America, US Bank, JP Morgan Chase and Wells Fargo in supporting the service which was made available to all member financial institutions in June 2015.
July 1st, 2016
More than 350,000 Italians have now registered to use Jiffy, the P2P payment service launched by payment processor SIA in October 2014. “The average value of an individual transaction is around €52 (US$58), while transfers under €25 represent 44% of the total,” SIA says. “23 bank groups have joined the SIA P2P payments service since it was launched.” The service added support for in-store payments via QR code last month.
June 28th, 2016
Customers of Wells Fargo in the US will soon be able to make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange. “Beginning August 1, Wells Fargo’s service will allow its customers to send funds in real-time at no cost to any customer of a bank that participates in the real-time service,” the bank says. ClearXChange was made available to all member financial institutions in June 2015. JPMorgan Chase also signed up to the service earlier this month.
June 21st, 2016
Canadians can now use the MintChip virtual currency to send and receive money through a P2P mobile app and make payments at participating merchants in Toronto’s Liberty Village neighbourhood by scanning a barcode. A partnership with…