Payments Dive

JANUARY 3, 2020

Many banks have increased overall focus on user experience within their digital ecosystems and have added new functionality like peer to peer payments into their mobile apps to avoid disintermediation. However, the slow evolution puts banks increasingly at risk of disruption by their social media competitors.

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social media User Experience Payments Mobile 236

Bank Innovation

JANUARY 24, 2018

American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal, Vanguard and bitcoin. NetBase examined 55 brands across sectors including banking, credit cards, investment banking, payment services, insurance, online lenders and crypto.

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social media Bitcoin Branding Cards 247

Payments Dive

AUGUST 28, 2023

The social media company, formerly known as Twitter, advanced its payments strategy by collecting two more state money transmitter licenses.

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social media Payments Strategy Company 370

Payments Dive

MARCH 20, 2024

A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

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social media Report Payments Security 435

Perficient

FEBRUARY 2, 2023

Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.

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Industry Trends social media Payments 471

Payments Dive

MARCH 27, 2024

The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.

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New Mexico Illinois social media Security 449

Payments Dive

SEPTEMBER 7, 2023

The new licenses are aimed at advancing Elon Musk's campaign to expand the social media company formerly known as Twitter into the payments business.

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Rhode Island Mississippi social media Payments 434

Bank Innovation

MARCH 8, 2017

Facebook payments revenue stream has been on a steady decline for years now. Last year, the social media giant introduced payments via dozens of bots in its Messenger platform, which (some thought) could in time revive the payments revenue stream for Facebook. […]. SAN JOSE, Calif.

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San Jose social media Payments Company 295

PYMNTS

NOVEMBER 18, 2020

As the holidays grow closer, American Express says research has shown that social media promotions and engagement could be a big boost for this year's Small Business Saturday event, according to a press release.

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social media Study Survey Retail 201

PYMNTS

AUGUST 4, 2020

Burberry has created a “mini program” with Tencent that provides exclusive content and tailored experiences that can be unlocked on WeChat, at a time when China has millions of mini-communities on the social media platform. All this, Today in Data.

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social media Innovation Community Data 160

Bank Innovation

FEBRUARY 1, 2018

EXCLUSIVE – Payments might not be a substantial portion of social media platform Facebook’s revenues, but it is an important one — particularly as non-payment companies increasingly begin to launch payment capabilities for social media platforms such as Messenger. That’s […].

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social media cryptocurrency Payments Report 225

Payments Dive

NOVEMBER 3, 2022

Twitter’s new billionaire owner plans to make the company into a payments player, but industry pros say social media platforms aren’t cut out for that game.

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social media Payments Industry Company 261

SWBC's LenderHub

APRIL 15, 2021

It’s no secret social media has made its way into millions of Americans’ everyday lives. These days, it’s basically essential that businesses have a social media presence—and for good reason. billion active social media users, and that number is only expected to grow.

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social media Branding Marketing Payments 148

Bank Innovation

NOVEMBER 22, 2017

EXCLUSIVE – The latest in PayPal’s busy week: the payments company is now letting users create an invoice through the Facebook Messenger service, expanding on its recent partnership with the social media platform to enable P2P payments through Facebook’s chat service.

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social media Payments Company Online 321

Payments Dive

SEPTEMBER 22, 2016

FIs and payment processors have a major opportunity to collaborate with FinTech pioneers such as Moneymailme to serve the growing market for mobile social media money transfers.

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social media Mobile Fintech Marketing 150

Payments Dive

APRIL 14, 2025

Patrick Collison will join the board of the public social media company as speculation persists about the possibility of his payments company filing for an initial public offering.

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social media Company Payments 259

Bank Innovation

NOVEMBER 7, 2017

Social media mogul company Facebook has launched P2P payments through Facebook Messenger in the U.K. is the next market to have the service, after Facebook first launched the payments feature in the U.S. According to reports, all major banks in the U.K. are taking part in the service. To use […].

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social media Payments Marketing Report 268

Bank Innovation

APRIL 19, 2017

The 100,000 chatbot-strong platform Facebook Messenger gained a few new friends yesterday, during the social media giant’s F8 Developer conference. The Messenger platform has become the prime landing space for all kinds of bots, from restaurants to fintech. The platform currently has about 1.2

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social media Conference Fintech Online 348

PYMNTS

DECEMBER 15, 2020

GoDaddy has agreed to acquire Poynt , which lets businesses sell and accept payments anywhere through its suite of products, according to a press release. GoDaddy was interested in Poynt because of the digital shift in payments due to the pandemic, as well as in-person and online shopping converging more all the time, the release stated.

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Technology Payments social media Software 337

Bank Innovation

OCTOBER 20, 2017

PayPal is continuing to drive forward with mobile and digital payments, announcing an expansion of its partnership with social media service Facebook that will allow users to send and request money with PayPal via Facebook Messenger. Messenger has over 1.2 billion users. PayPal has 218 million.

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social media Payments Mobile Company 240

Bank Innovation

JULY 23, 2018

Social media platform SnapChat will shut down its P2P payment feature, Snapcash, as of August 30, after launching less than four years ago in 2014.

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social media Payments Apple Report 218

Abrigo

JANUARY 31, 2025

Top 10 crypto scams Crypto scams to watch According to the FTC, the top ten crypto fraud trends to watch are: Investment scams: Investment scams come with "get rich quick" and "no risk" promises, often initiated through social media or online dating apps. In these scams, crypto can be the investment offered or the payment method.

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Fraud social media cryptocurrency Software 195

Bank Innovation

OCTOBER 24, 2017

Continuing its development of financial technologies on its platform, social media firm Facebook has joined a Visa program that enables the network to access its Token Service for payments, Visa announced today.

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social media Payments Financial Technology Technology 236

Abrigo

FEBRUARY 28, 2025

one variation, phishing scammers may pose as government officialssuch as IRS agents, Social Security representatives, or law enforcement officersand threaten victims with arrest, deportation, or fines unless they make an immediate payment or provide personal information. These scams often take place on dating apps and social media.

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Fraud social media Training Community 221

Payments Dive

SEPTEMBER 27, 2023

The social media app has taken another step toward providing in-app commerce and payments, but may face regulatory resistance.

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social media Payments 274

PYMNTS

JUNE 24, 2020

Brazil’s Central Bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns, according to Bloomberg on Tuesday (June 23). Mastercard and Visa have been requested to stop payments and money transfer services through the app in Brazil as well, the bank said.

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Payments social media System Regulation 282

Payments Dive

APRIL 26, 2018

adults surveyed, mobile banking app use ranked third (31 percent) behind only social media (55 percent) and weather apps (33 percent), respectively. Of the 2,000 U.S.

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social media Mobile Study Survey 327

Payments Dive

NOVEMBER 30, 2023

South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.

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South Dakota social media Kansas Payments 261

Payments Dive

SEPTEMBER 8, 2023

The digital titans plan to extend a partnership in which the payments company channels charitable giving on the Facebook and Instagram social media sites.

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social media Payments Company 244

Bank Innovation

FEBRUARY 1, 2018

EXCLUSIVE- Payment app Venmo now has a transfer fee. But, thankfully, that fee is only for instant payments. In an update to its terms & conditions yesterday, the social media payments app said it was adding a flat fee of $0.25 for an “Instant Transfer,” which is a duration of 30 minutes or less.

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social media Payments Operations Apple 220

Payments Dive

MARCH 14, 2023

The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.

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social media Payments 222

PYMNTS

JULY 16, 2020

ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlay services that it says will help to speed up real-time payments, according to a press release. And, there will be flexible person-to-person (P2P) services with added layers of security authorizations.

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social media Payments Innovation Software 207

Payments Dive

SEPTEMBER 21, 2023

Lawyers who sued the company on behalf of an imprisoned Saudi activist urged states to apply “heavy scrutiny” in reviewing the social media platform’s license requests.

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social media Company 274

Gonzobanker

NOVEMBER 16, 2023

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. hours per day on social media. Sofi has built strong engagement through its Richer Lives social media strategy and influencer Vivian, “your rich BFF.”

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social media Marketing Millennials Trends 97

PYMNTS

FEBRUARY 10, 2020

In the February Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including digital driver’s license initiatives around the country, biometric solutions for credit cards and the growing danger of fake profiles on social media. Deep Dive: How Fake Profiles Endanger Social Media Networks.

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social media Colorado Louisiana Security 236

Payments Dive

MARCH 17, 2023

As buy now, pay later use rises, consumers are learning about the payment option at checkout, more so than from social media or family and friends.

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social media Payments 222

PYMNTS

FEBRUARY 1, 2021

In today’s top payments news around the world, Grab said it has closed on a loan facility, while Getir announced on social media that it has come to London. Plus, European Union legislators have told four tech companies that they are willing to delay a potential hearing past its initially scheduled date. London, we’ve arrived!

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social media Taxes Payments Apple 236