The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated by the recent introduction of real-time payments in the United States. As this payments landscape continues to evolve rapidly, fraudsters are...
Innovation begets further innovation. And the emergence and adoption of real-time payment rails represent a significant advancement in the U.S. payment infrastructure, transforming the way financial transactions occur and benefiting both financial institutions and end users. With speed, security, and 24/7 availability, the potential for...
Call it peer-to-peer or person-to-person, but P2P is taking on new significance in a troubled economy where splitting the restaurant bill or lending your friend a few dollars is a big deal. Closed-loop P2P platforms like Venmo and Zelle are handy but have limitations, requiring...
Apple is reportedly ending its person-to-person payments made using credit cards. As of Tuesday (March 25), you can no longer send a payment to another person using your credit card (including the upcoming Apple Card) via Apple Pay Cash, the company informed customers via e-mail. Reports...
January 25, 2024
Innovation begets further innovation. And the emergence and adoption of real-time payment rails represent a significant advancement in the U.S. payment infrastructure, transforming the way financial transactions occur and benefiting both financial institutions and end users. With speed, security, and 24/7 availability, the potential for future payment innovations is endless. That’s why PYMNTS sat down […]
October 17, 2024
The Zelle person-to-person (P2P) payments network continued growing in the first half of the year. The number of transactions sent via the network increased 27% year-over-year to reach 1.7 billion, while the value of those transactions rose 28% to $481 billion, the network operator of Zelle, Early Warning Services, said in a Thursday (Oct. 17) […]
March 26, 2019
Apple is reportedly ending its person-to-person payments made using credit cards. As of Tuesday (March 25), you can no longer send a payment to another person using your credit card (including...
