Payments News

On The Web

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Complaints Against Mobile Payment Apps Like Zelle, Venmo Surge 300% As Consumers Fall Victim to More Money Scams

“Complaints against some digital payment services and apps like Venmo , Cash App or Zelle are skyrocketing, according to a troubling new report.   Nonprofit U.S. Public Interest Research Group [PIRG] says top issues include scams, trouble using accounts and poor customer service. The group analyzed more than 9,200 complaints filed with the Consumer Financial […]
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Domains

Can Facebook’s New Payment Method Compete With Venmo and Zelle?

“The rollout of Facebook’s QR code-based payment service turns its Messenger platform into an open payment network, but may struggle to pull users away from popular alternatives like Venmo and Zelle. Unlike previous iterations of Messenger payments, the new system does not require users to be connected on its social network. Instead, it creates a […]
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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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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 […]

On The Wires

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Payveris’ New Real-Time Money Movement Solution Optimizes P2P Services to Meet Growing Consumer Demand

“Payveris, the fastest-growing money movement provider in fintech, announced today that its MoveMoney Platform now delivers a real-time P2P solution that rivals Zelle, Venmo, PayPal, and Cash App.  The new service enables financial institutions’ customers to instantly send money to anyone with a U.S. bank or credit union account using the recipient’s mobile phone number […]
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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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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 […]