News Topic: P-to-P payments

Bank of America on where its AI hopes (and worries) lay; Zelle founder Paul Finch announces his leave from the payments network; the one area where banks and fintechs want more regulation; and more from this week's most-read stories. ... Read full article

"It was a difficult decision, but we’re at a good spot to do this,” Finch, 55, said in an interview. ... Read full article

The irony of the explosive growth of mobile P2P is this: As consumers get more comfortable with paying one another through mobile devices, they're thinking of P2P less as a service that one should find within a bank's app. ... Read full article

In addition to changing the name of the Consumer Financial Protection Bureau, the acting director wants to also nix public complaints; the good, bad and ugly in Zelle's ascendance; a case study for digital outage recovery; and more from this ... Read full article

PayPal and Barclays have formed a strategic partnership enabling Barclays customers in the U.K. and U.S. to manage their Barclays and PayPal accounts within each app. ... Read full article

Banks using Zelle share the good, the bad and the indifferent of the person-to-person payment network. ... Read full article

Several states have created their own operations aimed at shoring up what they see as oversight holes created by the CFPB; JPMorgan CEO’s annual letter (47 pages, this one) runs the gamut. ... Read full article

Despite increased bank and investor activity around digital P2P payments, consumers haven't flocked to P2P in expected numbers. ... Read full article

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures. ... Read full article

In Zelle’s national advertising campaign, the bank-run P-to-P network spotlights consumers paying a personal trainer, a babysitter and a neighbor. It sets an expectation that Zelle can be used like a credit card, and scammers have figured out how to ... Read full article

The banks behind the Zelle network had more in mind than P-to-P payments between consumers, and BNY Mellon is beginning the network's evolution by targeting business payments market. ... Read full article

An exclusive look at the Senate's tightly held housing finance plan drew the most interest from readers this week, while TD's foray into AI and the roller coaster at CFPB also dominated attention. ... Read full article

The P-to-P payments service promises to clear transactions in near-real time, but many consumers have complained that they have been unable access their money or even open accounts. Zelle has acknowledged the delays and says they are a result of its ... Read full article

Commercial customers, including small businesses, seem ready to pay up to shift to faster, more sophisticated electronic invoicing and payments, and enterprising banks that provide them the technology to do so could find it lucrative. ... Read full article

Some firms are investing in technology to help insurance clients shift to paperless payment processing. ... Read full article

Zelle seemed like banks' catch-up attempt, but it may prove to be a true innovation. ... Read full article

The customer interface is just the tip of the iceberg in fintech, says Wells Fargo's Secil Watson. Plus, the tech trends in business banking, a power shift on sexual harassment as women support each other, and Michelle Obama's advice on raising ... Read full article

Since Zelle's earliest days as the clearXchange network, the banks behind the P-to-P platform have promised that it could have a role in the business world. U.S. Bank has begun the next chapter by offering Disbursements via Zelle. ... Read full article