{"id":438,"date":"2017-01-30T04:25:23","date_gmt":"2017-01-30T04:25:23","guid":{"rendered":"https:\/\/blogs.scu.edu\/finis\/?p=438"},"modified":"2017-01-30T04:31:36","modified_gmt":"2017-01-30T04:31:36","slug":"the-different-p2p-models","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/finis\/2017\/01\/30\/the-different-p2p-models\/","title":{"rendered":"The Different P2P models"},"content":{"rendered":"

1) Bank-owned P2P model<\/strong><\/em>: In this model, the sender’s bank does the transfer of funds. There are a number of banks which operate in this way. The financial institutions have developed their own applications so provided P2P service.<\/p>\n

Example :<\/p>\n

clearXchange<\/strong>: It was founded in 2011, and it was owned by Bank of America, Capital One, JPMorgan Chase, US Bank, and Wells Fargo. Customers of either of the banks could send\/receive payments. The sender only has to enter the recipient’s email or phone number. It was sold to Early Warning in 2016 and rebranded as Zelle.<\/p>\n

2) Processor\/partner P2P model<\/strong><\/em>: In this model, the sender’s bank uses a processor\/partner to transfer the funds.<\/p>\n

Example:<\/p>\n

PopMoney<\/strong> was developed by Cashedge is now a part of Fiserv. Popmoney is slightly different from other P2P payment services in the sense that the transactions execute from sender to receiver directly, eliminating the need for a stored value account. Pop is an acronym for \u201cpay other people\u201d and provides services for several banks and credit unions.<\/p>\n

3) T<\/strong>hird-pparty-ownedP2P<\/strong><\/em>: In this model, the sender interacts with a third party to transfer the funds using ACH or credit\/debit cards. This is the most popular model and there are a number of players in the market such as Google Wallet, Amazon, Dwolla, Venmo, and Square Cash. PayPal is the most widely used service. In 2015, PayPal processed $41 billion in mobile person-to-person payments, up 42% from 2014.<\/p>\n

<\/p>\n

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\"Image<\/p>\n

References<\/strong><\/em>:<\/p>\n

http:\/\/marketintelligence.spglobal.com\/our-thinking\/ideas\/big-banks-take-on-paypal-s-market-share-in-mobile-payments<\/a><\/p>\n

http:\/\/www.paymentsjournal.com\/WorkArea\/DownloadAsset.aspx?id=22928<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

1) Bank-owned P2P model: In this model, the sender’s bank does the transfer of funds. There are a number of banks which operate in this way. The financial institutions have developed their own applications so provided P2P service. Example : clearXchange: It was founded in 2011, and it was owned by Bank of America, Capital … Continue reading The Different P2P models<\/span><\/a><\/p>\n","protected":false},"author":1692,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-438","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"srivaths","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/srivaths\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"1) Bank-owned P2P model: In this model, the sender’s bank does the transfer of funds. There are a number of banks which operate in this way. The financial institutions have developed their own applications so provided P2P service. Example : clearXchange: It was founded in 2011, and it was owned by Bank of America, Capital…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1692"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=438"}],"version-history":[{"count":3,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/438\/revisions"}],"predecessor-version":[{"id":552,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/438\/revisions\/552"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}