Search Results for: p2p
After an Initial Hit, PNC Bank Cuts Its Zelle P2P Fraud
PNC Bank customers like Zelle, but fraudsters liked the person-to-person payments service a little too much after PNC rolled it out last July, according to a bank executive. Paul Trozzo, senior vice president and product group manager, on Tuesday dubbed Zelle “very successful” for the Pittsburgh-based bank, a unit of The …
Read More »Visa Checkout’s Iffy Future; P2P Services Boost PayPal; AmEx Clears China Hurdle
A Surging Performance From P2P Services Helps Boost Results for PayPal’s First Quarter
The PayPal Holdings Inc. machine just keeps chugging. The company announced on Wednesday added momentum in the first quarter, driven in part by gains in consumer and merchant accounts, results for Venmo, its popular peer-to-peer payments app, and strong performance for One Touch, its streamlined checkout technology. Without offering details, …
Read More »Merchants Prep to Erase Signatures; Is Amazon Mulling a P2P Payment Function? Plus Weekly Recap
Is Amazon Mulling a P2P Payment Function for Its Alexa Voice Commerce Service?
The mere hint that Amazon.com Inc. could add a person-to-person payments function to its Alexa voice-commerce service was enough early Friday to shave value off of the shares of PayPal Holdings Inc. and Square Inc., both of which offer P2P networks. At mid-morning, Square’s shares were down more than 3% …
Read More »Litecoin Targets Payments; Walmart’s New P2P Service; NXT-ID Promises More Products in 2018
Eye on Online Payments: Groupon+ Snags 2.7 Million Cardholders; Western Union’s Online P2P Volume Rises 22%
Online and mobile offers provider Groupon Inc. reported Wednesday that 2.7 million Visa and Mastercard card holders are using its new Groupon+ service to get discounts at restaurants without presenting a voucher. And wire-transfer provider The Western Union Co. says its online consumer-to-consumer payment transactions rose 22% in the fourth …
Read More »Facing Popular P2P Rivals, Bank-Owned Zelle Posts Healthy Growth And Revs up Ads
In the hotly contested person-to-person payment business, financial institutions have felt left behind by technology impresarios like PayPal Holdings Inc. and Square Inc. that have entered the market over the past few years with slick P2P apps. But on Monday, the banks’ Zelle network released fresh numbers indicating healthy growth …
Read More »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 …
Read More »