Person-to-Person Payments

With President Obama in the midst of a historic trip to Cuba Monday, payments companies ranging from Stripe to PayPal to Western Union are eyeing new transaction growth as relations thaw between the U.S. and the island nation just 105 miles from Florida. Online payments provider Stripe Inc. announced that …

PayPal Holdings Inc.’s popular Venmo person-to-person payments service posted a review of the company’s anti-money-laundering and related security policies Sunday in the wake of transaction reviews triggered by certain keywords in Venmo messages that have slowed down the payments process. “There has been recent discussion around specific keywords associated with …

• The nation’s movement toward faster payments took a step forward with Early Warning LLC’s announcement that it is now processing real-time peer-to-peer payments for Bank of America Corp. and U.S. Bancorp. Customers of these banks can send payments via mobile or online banking apps to other customers of either …

Some two-and-a-half years after it started, the Federal Reserve’s project to make U.S. payments faster and more secure is laying the groundwork for private industry to come up with something better than the mishmash that U.S. payments are today, but tangible results still could be years away. Fed officials and others …

Cash, it seems, remains king, especially among younger consumers who want to use person-to-person payments. Of the 1,000 18-to-34-year-old U.S. consumers surveyed, 58% prefer cash for their P2P payments, says GoBankingRates.com, a financial-services site that conducted the online survey in January. The popularity of cash, even among Millennials, for P2P …

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 …