Tuesday , January 16, 2018

Person-to-Person Payments

Zelle Rolls Out the First National TV Commercials for Its P2P Service

Zelle on Saturday was set to run the first spots in its initial national mass-media marketing campaign, which is centered on the Tony and Grammy Award-winning actor and rapper Daveed Diggs in an effort to appeal to what the bank-controlled person-to-person payments service calls the “mobile majority” of consumers. The …

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LG Is Poised To Enter the U.S. Mobile-Payments Fray

South Korea-based consumer-electronics giant LG Electronics plans to bring its LG Pay mobile-payments service to the U.S. in a few months. But with its smart phones in the hands of only 10% of American consumers, how much market share LG Pay can capture and how it can distinguish itself from …

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Alphabet Sweeps Android Pay And Other Services Under a Single Name: Google Pay

Say goodbye to Android Pay and Google Wallet, and say hello to Google Pay. Alphabet Inc.’s Google unit on Monday announced a rebranding of its disparate online payments services under the single moniker Google Pay. The new branding’s scope is so broad that even the function within Chrome Web browsers …

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Discover Could Be a Big Winner If Users And Merchants Embrace Apple Pay Cash for Purchases

Discover Financial Services could find itself in the catbird’s seat if Apple Inc.’s new Apple Pay Cash person-to-person payment service gains popularity as a way to pay merchants. In addition to its main P2P function, Apple Pay Cash is accepted at any merchant location that accepts Apple’s 3-year-old Apple Pay …

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With the Launch of Apple Pay Cash, Apple Stakes Its Claim in a Crowded P2P Business

Apple Inc. on Monday officially entered an increasingly crowded arena of players looking to carve out a share of the market for person-to-person payments. Apple Pay Cash, which the Cupertino, Calif.-based tech giant first announced six months ago, went live following the release of iOS 11.2, Apple’s latest operating-system update …

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Bitcoin Jumps Past $11,000, But That’s Making Some Square Analysts Nervous

Much as cryptocurrency skeptics would like to set aside Bitcoin, the currency keeps intruding into the payments world. On Wednesday, Bitcoin began trading above $11,000, only a day after it sailed past the $10,000 mark and just three days after pushing past $9,000. But Bitcoin bullishness isn’t helping Square Inc. …

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Buoyed by a Strong Quarter, Green Dot Prepares Launches of Apple Pay Cash And Intuit Programs

Prepaid program manager Green Dot Corp. logged a strong quarter and now looks forward to big results from fresh deals with Apple Inc. and Intuit Inc., chief executive Steven W. Streit told stock analysts on Tuesday. Speaking on the same day Apple released a so-called public beta version of its …

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Canada’s Interac Eases P2P Payments And Teams With Samsung Pay for Mobile Debit

Interac, Canada’s debit network, has made it easier to digitally send money direct to another bank account through its e-Transfer service by eliminating the need for recipients to answer a security question each time a transfer is made. Answering a security question validates the recipient to whom the money is …

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VocaLink, PayPal, And P2P Will Help Propel Mastercard, the Network’s Boss Says

Mastercard Inc. enjoyed a strong third quarter, and Tuesday morning its top executive was not shy about celebrating some of the trends that he expects will further lift results for the world’s second-largest payment card network. These include recent acquisitions, a global partnership with PayPal Holdings Inc., and budding developments …

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Western Union and Mastercard Bring a New Twist to Money Transfers

The Western Union Co. this week positioned itself to fend off competition from peer-to-peer payment services by partnering with Mastercard Inc. to integrate Mastercard Send into its money-transfer service. The service, which is expected to be available in only the United States starting in early 2018, will allow consumers to …

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