Person-to-Person Payments

Zelle, the peer-to-peer payment service, appears on track for a banner year with a record 2 billion transactions processed in the first six months of 2025, a 19% increase from the 2024 first half. The dollar amount of these transactions increased more, reaching nearly $600 billion, up 23% from $481 …

Peer-to-peer payments competition has increased with the debut of PayPal links, a new way for PayPal users to send funds to others. PayPal links enable users to create a personalized link to share that contains the amount and a short description. PayPal says they can be shared in any conversation, …

For years, critics and evangelists alike have obsessed over crypto’s headlines, its volatility, its philosophy, its personalities. But the GENIUS Act, recently passed in the United States, points to a new phase: a regulated, institutionalized, quietly ubiquitous crypto economy, one that doesn’t shout from the rooftops but works silently in …

Money-movement specialist Alacriti wants to make it easier for banks and credit unions to use its service to enable the Zelle peer-to-peer payment service. That’s why it’s added Zelle to its Orbipay Payments Hub, a platform for financial institutions. Zelle, the P2P payment service from Early Warning Services LLC, had …

PayPal and Venmo users will get early access to a new artificial intelligence-based tool that could herald the payment company’s next steps with agentic commerce. Perplexity.AI’s Perplexity Pro, typically a $200 annual subscription, is now available to PayPal and Venmo users in a 12-month free trial. It is part of …

Zelle, the peer-to-peer payments service from Early Warning Services LLC, is preparing to launch a marketing campaign aimed at highlighting its utility in everyday life. Dubbed “When It Counts,” the campaign is intended to show how woven into consumers’ daily lives Zelle has become, with such features as splitting a …

The I-485 express lanes in North Carolina are the first U.S. highway to adopt connected tolling, allowing in-vehicle devices to collect tolling information and make payments, according to system provider Indra Sistemas S.A. Consulting firm Infosys Ltd. said it is working with Mastercard Inc. to offer what the parties say is enhanced access …

In a move to bolster its leading position in an increasingly difficult money-transfer market, The Western Union Co. announced Sunday it has a deal to acquire International Money Express Inc. for $500 million in cash. Better known as Intermex, Miami-based International Money Express has built a retail network of 100,000 …

Block Inc.’s Cash App has launched pools, a peer-to-peer payments capability that enables group payments with what Block calls “a few taps.” Routable, a provider of accounts-payable technology, said it will work with Brale, a stablecoin developer, to enable businesses to pay vendors and contractors in stablecoin through Routable’s platform. The blockchain …

Zelle, the peer-to-peer payments service from Early Warning Services LLC, began a multi-city financial education training roadshow with Consumer Action, a consumer protection and financial awareness organization. Payments-technology provider Alacriti said Citizens Business Bank launched real-time payments services based on Alacriti’s Orbipay Payments Hub. The services involve connections to FedNow and the …