Despite its formidable reach, the social-media platform X faces a steep climb to achieve its goal of launching a peer-to-peer payments service, according to payments experts. X, formerly known as Twitter, announced in a blog post earlier this week its plans to add P2P payments to its platform this year …

X, the social network formerly known as Twitter, announced in a Tuesday blog post it will launch peer-to-peer payments this year, “unlocking more user utility and new opportunities for commerce, and showcasing the power of living more of your life in one place.” Payments provider VizyPay announced it processed $1.8 billion in …

Peer to peer payments networks are wrestling with the fallout triggered when users send money to a scammer. Solutions won’t be easy. In the world of digital payments, there’s a scam born every minute. The latest scam is conning consumers to send money via a peer-to-peer payment network to a …

Varo Bank entered the peer-to-peer payments fray with Varo to Anyone, which allows Varo accountholders to send funds to anyone who holds a U.S. debit card. Varo says the service carries no fee. Mitek Systems Inc. announced it has agreed to offer its biometric-based identity verification technology to complement the credit-reporting agency Equifax Inc.’s …

Sending cash with birthday cards in the mail is risky, but now Hallmark Cards Inc.’s service with Venmo makes it easier and presumably safer. The new Hallmark + Venmo line of cards includes a QR code inside the card that recipients scan to receive the funds to their Venmo accounts. …

Paysend Group is embarking on a campaign to make its name known among U.S. Hispanic peer-to-peer payments users with an advertising campaign and an offer of fee-free money transfers to Latin America, at least initially. Having opened a U.S. office in 2022, London-based Paysend hopes its advertising campaign, which debuts …

With the Federal Reserve’s rollout of the FedNow real-time payments service expected by the end of the month, a regional Federal Reserve Bank official on Wednesday outlined a roadmap for the new network that includes network interoperability, the possible addition of peer-to-peer payments, and, overall, the prospect of fewer payment …