Person-to-Person Payments

HalCash North America is making its cardless-cash ATM service available in four U.S. cities prior to eventual national expansion later this year. Under the Pin4 moniker, the HalCash North America service enables consumers to securely send cash that recipients can retrieve at participating ATMs without having to insert a card …

Dallas-based MoneyGram International Inc. posted a mixed set of financial results for all of 2015 and for the fourth quarter as it looks to continued growth in its online business. The money-transfer specialist also said Thursday it has settled for $13 million a legal inquiry into its fraud-prevention measures. For …

Fiserv Inc., a Brookfield, Wis.-based bank core processor, says its Popmoney peer-to-peer money-transfer service will get a tweak later this year to enable recipients to go directly to an ATM to retrieve funds. Currently, funds sent via Popmoney must be deposited into an eligible account. The new service, dubbed Popmoney …

With PayPal Holdings Inc. promoting its fast-growing Venmo peer-to-peer payments service and rumors that Apple Inc. is eyeing the business, P2P transfers are starting to take center stage in the consumer-payments business. And now a new survey indicates the service is growing in appeal to consumers for a variety of …

Consumers using mobile-banking sites or apps make only sporadic use of their ability to pay bills, send money to other individuals, or load a prepaid card, finds new research from Javelin LLC, a Pleasanton, Calif.-based payments-research firm. In the “2015 Mobile Banking, Smartphone, and Tablet Forecast” released Tuesday, Javelin found …

The low cost and convenience of peer-to-peer payments may be ready to cannibalize a portion of the traditional wire-transfer market, according to a new report from Javelin Strategy & Research. The report also finds that mobile P2P is important to all consumers, not just Millennials, often considered the most likely …

By John Stewart It operates so much in the background that many payments professionals may not have noticed, but the automated clearing house network is on a hot streak. The 41-year-old system notched a 5.9% year-over-year increase in transactions in the quarter ended Sept. 30, reaching a total of 4.83 …

Is Apple Inc. laying the groundwork for an application that would let individuals pay each other electronically? Citing “people familiar with the matter,” The Wall Street Journal reported Thursday that the tech kingpin is doing just that, and has already started talking to a handful of major banks. If the …

When it comes to payments between individuals, cash and checks are still wildly popular, even among Millennials, despite years of penetration by online and mobile methods. Indeed, 71% of consumers made at least one person-to-person payment with cash last year, and 56% did so with a check, according to a …

The Federal Reserve may be shepherding a nationwide effort to bring real-time payments to the United States, but that doesn’t mean payments companies are marking time while that process unfolds. The latest development is Tuesday’s announcement that bank processor Fiserv Inc. will work with risk manager Early Warning Services LLC …