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Payveris pitches Zelle alternative to credit unions


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Many credit unions held off on directly offering peer-to-peer payments in recent years because member demand was low, even as transaction volume for services such as Venmo, Zelle and Square’s Cash App steadily grew.
The reluctance also stemmed from the cost for a service that doesn’t typically generate revenue for the financial institution since transfers are usually free or carry a relatively low fee for consumers. There were added
But as the pandemic accelerated use of P2P for urgent funds-transfers for people unable to physically exchange cash or checks, credit union service organization
PayverisCU began to get more requests for real-time P2P, seeing an opportunity for a transfer service aimed specifically at credit unions. ....

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Payveris' MoveMoney Platform Delivers Real Time P2P – Bankless Times


Payveris’ MoveMoney Platform Delivers Real Time P2P
Payveris, a fintech money movement provider in fintech, announced today its MoveMoney Platform now delivers a real-time P2P solution that rivals Zelle, Venmo, PayPal, and Cash App. The new service enables financial institutions’ customers to instantly send money to anyone with a U.S. bank or credit union account using the recipient’s mobile phone number or email address no special app required. The platform offers financial institutions a truly frictionless solution that supports their customers’ journeys to financial freedom. 
P2P adoption is accelerating across consumer demographics, according to Mercator Advisory Group research. The percent of U.S. adults using a P2P service rose from 57 per cent in 2017 to 70 per cent in 2020. As consumers grow more trusting of digital money movement solutions, though, the stakes get higher for financial institutions. Many find themselves struggling to keep pace with payment ....

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