Person-to-Person Payments

The three months ended March 31 were an eventful time for Apple Inc., as they were for most companies, but unlike many the company managed to largely contain the damage wrought by the Covid-19 pandemic. “We’ve seen our products take on renewed interest” in the wake of Covid-19 and the …

Money-transfer specialist and ATM operator Euronet Worldwide Inc. reported 27.4 million money-transfer transactions in the first quarter of 2020, up 3% from 26.6 million a year ago. Euronet said its ATM count of 42,176 at the end of the quarter is up from 42,034 last year. The company just acquired Dolphin Debit, a …

Early Warning Services LLC said enrollments in its Zelle peer-to-peer payments network since early March are increasing at “more than double-digit rates above average” as stay-at-home users deploy the service to reimburse neighbors for groceries and canceled events and send money to friends and relatives who need cash. Some 837 financial institutions have …

Payroc LLC said it acquired Gateway Payments LLC, an independent sales organization with merchants primarily along the Gulf of Mexico coast. Terms were not disclosed.Weave Communications Inc., a provider of payments and other services for small businesses, said its Weave Lite tool set will be offered free for 90 days. Weave …

American Express Co. launched “Stand for Small,” a platform of more than 40 companies who have agreed to lend expertise to small businesses impacted by the effects of the Covid-19 pandemic.The World Bank predicted in a new report that global remittances will fall by about 20% this year because of the economic crisis …

If the first quarter of the year is any indication, person-to-person payments might be getting a big lift as stay-at-home consumers look for safe ways to pay in the face of the Covid-19 outbreak. Bank of America Corp. reported Wednesday transactions on its Zelle platform shot up 76% compared to …

Losses from identity fraud grew 13% in 2019 to $16.9 billion even though instances of ID fraud fell nearly 10%, according to the newly released 2020 Identity Fraud Report from Javelin Strategy & Research. The study also found that person-to-person payments fraud increased 733% from 2016 to 2019. Based on …

In its second major data breach in two years, hotel giant Marriott International Inc. disclosed a “property system incident” affecting personal information on 5.2 million guests. Fraudsters apparently gained access to Marriott’s systems in mid-January using the login credentials of two employees at a franchised property. Marriott, which said it discovered the …

TriNet Group Inc., a human-resources software provider, said a wave of scammers are exploiting the Covid-19 pandemic to gull people into buying so-called cures for the disease (no cure yet exists), as well as fake testing kits and vaccines.The Western Union Co. reported its digital money-transfer business “has continued to experience …

A national survey of 850 small businesses found 69% have seen a “large drop” in demand because of the coronavirus pandemic, while 60% say they believe demand will drop further. The survey was conducted by America’s Small Business Development Centers and Thryv Inc., a software vendor specializing in small businesses.The U.S. Faster Payments …