Person-to-Person Payments

PayPal Holdings Inc.’s payments juggernaut shows no signs of weakening, but the company has found its latest product integrations bedeviled by slowdowns, forcing it to postpone some expected revenue. One such integration with bill-payment specialist Paymentus Corp. is a crucial one because it will allow PayPal to enter an enormous, …

The Zelle peer-to-peer payments network is starting to click for the smaller, everyday transfers it was designed to handle. Early Warning Services LLC, the Scottsdale, Ariz.-based banking-technology company that runs the 2-year-old network, reported on Tuesday that Zelle handled $44 billion in volume in the second quarter on 171 million …

Juniper Research Ltd. released a report on digital wallets in North America and Europe that says purchase volume with them will increase 40% in 2019.The United States is the country from which the most people are traveling overseas, followed by Mainland China and Germany, according to Mastercard Inc.’s Global Destination Cities Index.MoneyGram International …

Fiserv Inc.’s $22 billion acquisition of First Data Corp. cleared a U.S. Department of Justice review, the company said Thursday. In April, the Justice Department asked for more information and documents related to the deal, but, according to a Fiserv filing with the Securities and Exchange Commission, the DoJ attached no conditions …

Bank of America Corp. says it has 8 million active users of the bank-backed Zelle person-to-person payment service and that it handled 69 million Zelle transactions in the second quarter, nearly double the 35.2 million transactions a year earlier. BofA had 5.4 million Zelle users in the 2019 first quarter. …

PayPal Holdings Inc. says its Xoom remittance service now covers 32 markets in Europe, an expansion that boosts Xoom’s presence to more than 130 international markets. Xoom, which PayPal bought in 2015, had a major expansion in 2018 when it picked up 60 countries in a deal with Euronext Worldwide …

The Litecoin Foundation said the Miami Dolphins National Football League team named Litecoin its official cryptocurrency. The digital currency will be accepted for payment for ticket purchases in the team’s 50/50 raffle. Bitcoin also may be used for these ticket purchases. Citigroup Inc. reported $93.2 billion in second-quarter purchase volume …

PayPal Holdings Inc. added Instant Transfer capability for individuals and small businesses in Canada. The move relies on Visa Direct, a real-time push-payments service. Announced Tuesday, the service can move money from a PayPal account to a bank account via a Visa debit card. All transfers are subject to a …

While most North American payments fraud is related to identity and organized crime, one area—terrorism—stands out in this region compared to other developed markets. Eight percent of the 154 criminals cases reviewed by information-security firm Terbium Labs in its “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational …

EBay Inc. announced new payments application programming interfaces for developers, including a Finances API, an Account API, and a Fulfillment API. The new APIs are designed for the online marketplace’s new managed-payments program, in which the company has taken over payments processing from long-time provider and former subsidiary PayPal Holdings …