Processor Fidelity National Information Services Inc. (FIS) announced it has integrated IBM Corp.’s Safer Payments tool for its peer-to-peer payments products. Safer Payments relies on artificial intelligence and machine learning to sift through transactions for signs of fraud.Catch Hospitality Group, which operates the Catch NYC and Catch Steak restaurants, said it discovered malware on …
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The P2P Trap
When the news broke a few weeks ago that PayPal is planning to attach a credit card to its Venmo peer-to-peer payment service, it didn’t surprise many in the payments industry. In fact, the only surprise may be why this move took so long. For years, PayPal has been looking …
Read More »Synchrony Looks to Venmo’s Social Network To Help Market the P2P Service’s New Credit Card
PayPal Holdings Inc. and Synchrony Financial have been sparing about the details of a new credit card they plan to issue for PayPal’s Venmo peer-to-peer payment service, but on Monday a top Synchrony executive said the partners are counting on a key characteristic of Venmo to help market the new card. …
Read More »Apple Pay Ascends; Zelle P2P Payments Volume up 58%; Discover’s Payment Volume Increases 7%
A Contactless Boost in Miami; Data Breaches at a Record Pace; Bank App with P2P Payments Debuts
Bank App with P2P Payments Debuts and other Digital Transactions News briefs from 8/22/19
N26 Inc., the U.S. unit of German bank N26 GmbH, launched its mobile-banking app that includes MoneyBeam, a person-to-person payment service between N26 bank customers. Accounts also include a Visa debit card.Merchant processor Net Element Inc. said its Unified Payments subsidiary is providing Internet of Things payment services in the property-management market …
Read More »P2P Sizzles for PayPal, Though a Snarled Integration Delays Its Entry Into Bill Pay
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, …
Read More »TSYS Touts Vital POS; $39 Billion in Zelle P2P Payments; KeyBank Issuing Contactless Cards
Zelle Posts $39 billion in P2P Payments on a 72% Transaction Increase
The bank-sponsored Zelle person-to-person payment service continued on its growth trajectory in the first quarter, with transaction volume up more than 70% and payment volume rising more than 50%. Zelle provider Early Warning Services LLC reported Wednesday that first-quarter payment volume hit $39 billion, a 54% increase from just over …
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