The size of the U.S. P2P payments market is driving intense competition between financial institutions (FIs) and alternative P2P payment services.

by Eric Foust

 

The COVID-19 pandemic spurred large corporations and small businesses alike to double-down on their plans for adopting real-time payments. It also created a prime opportunity for financial criminals. Indeed, faster payments mean...

New York, NY

 

Utilization of Early Warning's clearXchangeSM network facilitates payments using recipients' mobile numbers or email addresses. BNY Mellon, a global leader in investment management and investment services, today announced that BNY Mellon...

New York & Scottsdale, AZ

Bank of America and PNC Bank first to send Zelle® payments over the RTP® network

Early Warning Services, LLC and The Clearing House (TCH) today announced Zelle® transactions can now be cleared and settled over the RTP®...

Payment fraud detection is difficult to perfect. It’s a slippery form of fraud that shifts its shape as new technologies emerge. Indeed, criminals are relentless in their pursuit to steal funds via unauthorized payments—continuously innovating new...

Seventy-one percent of financial professionals reported that their organizations were impacted by payments fraud in 20211.

 

The good news? That’s the lowest level reported since 2014. After reaching a record high in 2018 and 2019 (with 80 percent of...