Apple is working to launch a peer-to-peer (P2P) payment service later this year, according to Recode... More
Venmo
US consumers’ use of in-store mobile payments set to soar
The value of mobile payment transactions made in the US is expected to rise 183.3% this year to US$27.67bn, more than doubling next year and reaching US$314.13bn by the year 2020, research released by eMarketer reveals... More
PayPal tops US digital payment preference
More than half of US consumers (60%) are currently using a method of digital payment with the most popular proving to be PayPal, used by 51%, a study conducted by Thales in conjunction with Wakefield Research reveals... More
US consumers trust banks most for payments
More than eight in 10 US consumers (82%) trust banks most to keep their payments safe, research from the American Bankers Association (ABA) reveals... More
US banks unveil money-transfer app
America’s biggest banks have launched a money-transfer app to compete with PayPal, Venmo and Square Cash, Reuters reports... More
PayPal tops mobile payment apps in US, but retailers want Apple Pay
Nearly one in five US smartphone owners (18%) have now used a mobile payment app, research released by Parks Associates reveals, with PayPal proving to be the most popular among all US smartphone users with 12%, followed by retail-branded mobile apps (9%), Apple Pay (4%), Android Pay (3%) and Samsung Pay (2%)... More
Venmo to get NFC mobile payments
The PayPal-owned Venmo mobile payments app may soon allow users to make in-store purchases using NFC... More
Three quarters of US retailers plan to accept Apple Pay before 2018
More than three quarters of US retailers (76%) plan to accept Apple Pay by the end of 2017, research released by the National Retail Federation and Forrester reveals. More
Venmo enables in-app payments
Users of the PayPal-owned Venmo mobile payments app will soon be able to make purchases in third party mobile apps using the service... More
58% of millennials prefer friends to pay cash
Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals... More
US consumers vote for banks to keep payments safe
An “overwhelming majority” of US consumers (75%) say they most trust banks to keep their payments safe, an American Bankers Association survey has found... More
Braintree integrates Android Pay into v.zero SDK
PayPal-owned payment processor Braintree has integrated support for Android Pay into its v.zero SDK to make it easier for merchants to add support for the payment solution as a checkout option inside their Android apps... More
One in three Millennials to use a mobile wallet in 2015
5% of US consumers currently use a mobile wallet and 18% intend to use one in the next year, credit scorer Fico’s “Millennial Banking Insights and Opportunity” survey has found, with the percentage rising to 32% among Millennials — defined as those born between 1980 and 1994... More
Venmo adds TouchID
Users of the Venmo mobile payment app can now sign in with Apple’s TouchID feature on the iPhone 5S, 6 and 6 Plus... More