PYMNTS-MonitorEdge-May-2024

P2P

Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes.

Source: en.wikipedia.org

Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
August 07, 2024  |  Fraud Prevention

The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. JPMorgan...

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Cash App Exiting UK to Increase Focus on US
Cash App Exiting UK to Increase Focus on US
July 18, 2024  |  Payment Methods

Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it...

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P2P Payments Bring Convenience and Flexibility to Retail
P2P Payments Bring Convenience and Flexibility to Retail
June 03, 2024  |  Retail

Peer-to-peer (P2P) payments are revolutionizing the retail landscape, with major players ranging from Starbucks to eBay embracing the capability to offer consumers more convenient and...

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X Heralds P2P Payments With @XPayments Account
X Heralds P2P Payments With @XPayments Account
January 21, 2024  |  Payments Innovation

Is X getting closer to adding peer-to-peer (P2P) payments to its platform? Elon Musk’s social media company announced plans to launch such an offering earlier this month....

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Apple Faces Lawsuit Over Apple Cash From Venmo, CashApp Users
Apple Faces Lawsuit Over Apple Cash From Venmo, CashApp Users
November 20, 2023  |  Apple

Apple is reportedly facing a lawsuit filed by four users of Venmo and Cash App.  The lawsuit alleges that Apple has abused its market power in the...

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Venmo Debuts Feature for Managing Group Expenses
Venmo Debuts Feature for Managing Group Expenses
November 14, 2023  |  Payment Methods

Venmo has unveiled a new in-app feature that aims to streamline splitting and managing expenses among groups. The new Venmo Groups provide users with a convenient...

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Block Wants to Win With AI, Merchant Verticals and Banking 
Block Wants to Win With AI, Merchant Verticals and Banking 
November 02, 2023  |  Earnings

The return of Jack Dorsey to Square has been good news for its parent, Block. As PYMNTS reported, former Square CEO Alyssa Henry departed the company last month on Oct. 2,...

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Right-Now Use Cases Can Turn Instant Payments Into an Instant Success
Right-Now Use Cases Can Turn Instant Payments Into an Instant Success
October 18, 2023  |  Faster Payments

Businesses and individuals are always going to need to get paid. That’s why the context around that payment, whether it’s speed, experience, convenience, personalization, cost,...

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Bank of America Says Zelle Transactions Climb 27% Year Over Year
Bank of America Says Zelle Transactions Climb 27% Year Over Year
October 17, 2023  |  Banking

Bank of America’s earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year. As noted in presentation materials...

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