Payments News

On The Web

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Domains

Biden Tax Plan Leans on Banks to Help Find Unreported Income

“Part of the funding for President Biden’s $1.8 trillion American Families Plan hinges on a beefed-up reporting requirement for banks designed to identify unreported income. The proposal would require banks to report annual account inflows and outflows to the Internal Revenue Service. The requirement would also extend to peer-to-peer payment services such as Venmo but […]
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Domains

Eftpos Launches Peer-to-peer Real-time Payment Service on Beem It | ZDNet

“Eftpos has launched a digital payments capability to facilitate peer-to-peer (P2P) real-time transactions. The service is a deposit and withdrawal messaging capability so users can make payments from their accounts using Eftpos between Australian debit cardholders “in seconds”. The payment service has initially been launched on payment app Beem It , which it bought in […]
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Deals

Lydia raises another $86 million to build a European financial super app

“Back in 2014, when I first covered Lydia , I called it the Venmo for France — they had only raised €600,000 back then. It seems like Jhawar agrees with that take. Since then, Lydia has grown quite a lot and has expanded beyond peer-to-peer payments in various ways. With Lydia, you can send money […]
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Domains

Payconiq rolls out cross-border QR mobile payments service in Europe

“Users of Payconiq -supported mobile payment apps in Belgium, the Netherlands and Luxembourg can now make QR-enabled mobile payments and P2P transfers across all three Benelux countries. The expansion of the cross-border payments service follows the integration of the Luxembourg-based Digicash by Payconiq app into “the first interoperable mobile payment platform in Europe” alongside other […]
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On The Wires

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Apiture Partners With Zelle(R) to Empower Banks With Best-In-Class Payments Solution

“Apiture , a leading cloud-native provider of digital banking solutions, today announced a partnership with Zelle®, a peer-to-peer (P2P) payments service, to provide financial institutions with a best-in-class, high-speed payments solution…The partnership between Apiture and Zelle® enables a streamlined and enhanced experience for Apiture customers. Apiture Xpress is an established platform that has been serving […]
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Domains

MoneyGram Expands Real-Time Digital P2P Payments With Visa Direct Through New Checkout.com Partnership

“MoneyGram International, Inc. (NASDAQ: MGI ), a global leader in cross-border P2P payments and money transfers, today announced the expansion of its Visa debit card deposit service across Europe. The expansion has launched in collaboration with Checkout.com, a leading global payment solution provider, utilizing Visa Direct, Visa’s real-time push payments platform. MoneyGram customers can now use the […]
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Domains

U.S. Bank launches eCards available when sending money with Zelle®

“The holidays may look a little different this year, but U.S. Bank is giving customers a way to spread goodwill and festive cheer with eCards, now available to U.S. Bank customers when they send money with Zelle® in the U.S. Bank Mobile App. The eCards, launched in collaboration with Zelle and fintech startup Vouchr, provide […]