Wells Fargo

A consortium of US banks launched person-to-person (P2P) payment platform Zelle, a move they said would make digital money transfer easier for 86 million consumers.

Some of the US’ largest remittance companies and payment providers unveiled Facebook Messenger chatbots to coincide with the social media company’s F8 developer conference.

Wells Fargo announced it is the first major US bank to offer smartphone withdrawals at all of its ATMs across the country.

What is it with banks and peer-to-peer payments via mobile phones? At the end of last week leading US financial institution Wells Fargo launched a new P2P service that enables its customers to send money to one another by using their mobile number. The service will be expanded over time says the company so that Wells Fargo customers will be able to exchange funds with the customers of other banks via their mobile phones.

Visa announced the commercial availability of mobile contactless payments enabled by DeviceFidelity’s In2Pay microSD solution.

Computer security firm viaForensics identified security flaws in mobile banking apps from companies including Wells Fargo, Bank of America and USAA.