CFPB fines Cash App $175M
Peer-to-peer payments app Cash App is being ordered by the Consumer Financial Protection Bureau to pay $175 million in refunds ...
Tag: P2P
P2P market to reach $6.2B by 2028
The peer-to-peer payments market is growing as consumer demand ticks up and new competitors enter the space. P2P payment market ...
PayPal highlights Venmo profit strategy
PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability. In a fourth-quarter earnings report Wednesday, PayPal ...
Mobile-First Checking Account T-Mobile Money Goes Nationwide
T-Mobile Money, a mobile-first checking account, has launched nationwide, the telecom giant announced today. The company touts the app as ...
Gen X and Boomers, Not Millennials, Drive P2P Adoption
Generation X and baby boomers, not millennials, are driving adoption of P2P services like Zelle, according to a survey conducted ...
2019 Looks Promising for Fintech Partnerships, Bank Innovation Poll Finds
There are startups that want to destroy banks and startups that want banks to buy their software, as Bank Innovation has previously ...
Zelle’s Value to Banks Beyond P2P
Bank-backed Zelle is valuable to banks for its P2P service and the market data it gathers from working with multiple ...
Transaction Volume for PayPal’s Venmo Surges
Venmo's payment transaction volume reached an all-time high in 2Q this year, PayPal reported. According to yesterday's earnings call, Venmo processed ...
Venmo Announces It Will Remove Payment Functionality from Website
Social payments platform Venmo is phasing out certain functionality on its website, venmo.com, including allowing people to make payments there. ...
PayPal’s Platform Strategy Brings It Closer to Banking Services
PayPal wants to be the world’s largest open payments platform, according to CEO Dan Schulman. At the heart of this ...
