Person-to-Person Payments

Ria Money Transfer said it is now the exclusive money-transfer provider at more than 200 U.S. PLS Check Cashers locations, a move that could expose Ria’s services to more than 3 million monthly PLS customers. Announced Tuesday, the deal enables Chicago-based PLS Financial Services Inc. to offer Ria’s money-transfer service, …

When the Federal Reserve’s FedNow real-time payments service debuted commercially 13 months ago, the story mainly focused on the general concept of immediate money transfers. But since then the payments industry has been busy refining that concept and working on service-ready applications. One of the most talked-about of these applications …

FIS Inc. said it will make a peer-to-peer payment service from Neural Payments available to its banking customers. The white-label product enables bank customers to transfer money from their accounts to anyone, regardless of weather the recipient’s financial institution uses Neural Payments and without the need to download a third-party app …

Block Inc.’s top management late Thursday said the company’s focus for the remainder of the calendar year is on enhancing its go-to-market strategy. That means improving sales, boosting partnerships, sharpening marketing, and product innovation, Block chief executive Jack Dorsey said during the company’s 2024 second-quarter earnings call. Dorsey lost no …

Aurora Payments, a payments-technology developer, said it has worked with payments-hardware firm Sunmi and software developer Proxet to introduce a new line of point-of-sale terminals they say is designed for small businesses. The Western Union Co. reported processing 73.3 consumer-money transactions in the second quarter, up 3.8% year-over-year, while revenue in the segment …

When Alex Chriss took over in September as PayPal’s chief executive, he promised to shake up what he saw as a complacent payments engine. Now, the company is starting to see some tangible results from Chriss’s moves, though the new boss isn’t entirely satisfied. “We know there is much more …

July 20 marks the one-year anniversary of the debut of FedNow, the Federal Reserve’s real-time payment service. It also marks the anniversary of the payments industry letting its breath out in anticipation of the launch. Since then, both FedNow and its fellow faster payments providers have all benefited from the …

Payment-processing software provider Aurus Inc. said it will work with Early Warning Services LLC to integrate EWS’s Paze online checkout technology, with Aurus user Wakefern Food Corp. having already adopted Paze. Cash App will leave the United Kingdom market, having launched there in 2018, it announced in a Web post. The service will shut down …

Since the 2016 launch of same-day automated clearing house payments, the payment type has done nothing but grow. The 2024 second quarter is no exception, with the latest figures showing 292.3 million transactions, a 46.6% increase from 199.4 million in 2023’s second quarter, according to Nacha, which administers the ACH …

J.D. Power announced early Monday the launch of a mobile-banking app certification program. The program is intended to recognize app providers that deliver an exceptional user experience, the company says. The J.D. Power Mobile App Platform Certification-Banking program rates mobile apps using a set of 146 best-practices benchmarks, including app …