Person-to-Person Payments

Money transfer specialist Remitly Inc. says its mobile wallet now reaches 300 million consumers, while MoneyGram International Inc. says its deal with Thunes will add services in Africa, Asia Pacific, and Latin America. Seattle-based Remitly says consumers can now send funds through more than 24 mobile-wallet brands, many of which it …

Kallpod LLC announced its Kontactless Quick Response code-based payment service is now available at select Hyatt, Courtyard Marriott, and Hilton locations. Consumers can place orders for food, beverages, and merchandise to be delivered where the user is sitting. They scan a QR code at a table or seat, which opens a …

The Kroger Co. is testing contactless payments at some of its QFC (Quality Food Center) locations. The test includes acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps, and contactless NFC cards. Kroger already accepts its Kroger Pay app. The QFC division is based in Seattle.ATM operator Cardtronics …

While the Covid-19 pandemic has raised the issue of speeding stimulus payments and other relief to consumers and businesses, The Federal Reserve system is staying with its planned 2023 or 2024 launch date for its FedNow real-time payment service, officials said Thursday in an update that comes almost exactly one …

It’s been an eventful summer so far for Fiserv Inc., which was hammered by the recession caused by the Covid-19 pandemic but in July began to regain its footing, according to top executives who spoke Wednesday afternoon. Revenue for the Brookfield, Wis.-based payments processor dipped 1% in June but began …

The Covid-19 pandemic has driven consumers and businesses to digital alternatives for payments, and money transfers are proving to be no exception. MoneyGram International Inc. reported Friday morning transactions online and through its app grew 106% year-over-year and accounted for 27% of all transactions in the June quarter, up from …

PayPal Holdings Inc. has made big plays for the physical point of sale before, but on Wednesday the San Jose, Calif.-based company unveiled what could be its biggest strategy yet to capture transactions at the cash register. Top executives said an arrangement under way with CVS Pharmacy to run PayPal …

Peer-to-peer payments networks like Zelle were introduced as a means for consumers to pay each other, but business acceptance now appears to be ramping up along with consumer usage in the face of the Covid-19 pandemic.  Seven major financial institutions are now enabling property owners, home-services companies, and other small …

Five banks linked to The Clearing House Payments Co.’s Real Time Payments (RTP) network on a single day. The five—Dogwood State Bank, First Fidelity Bank, National Bank of Texas, Royal Bank, and Signature Bank—joined through Jack Henry & Associates Inc.’s JHA PayCenter. A Jack Henry executive said the company expects to “onboard …

Payment card usage in the U.S. might be taking a hit during the Covid-19 pandemic, but not the Zelle person-to-person payments service among Bank of America Corp.’s customer base. Charlotte, N.C.-based BofA reported Thursday that it had 11.3 million active Zelle users, including small businesses, in the second quarter, up 41% …