How Banks Are Looking to Become Serious Players in P2P Payments

(November 6, 2009) Electronic person-to-person payments have been around this entire decade, but they’re still largely the domain of specialists such as PayPal Inc. and a host of tech companies. But leading bank processors are getting into the P2P act, and if they’re successful they could spur greater usage from the consumer mainstream and confirm banks’ Web sites as go-to places for new payment services. 



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Editor's Note:  The simplest P2P Payment system is one that uses existing bank cards, existing PIN's and existing bank rails to do it in real time.  When bank realize that SSL is flawed, that band-aids don't work, and that the best way to authenticate an online banking session is to mimic ATM cash dispersal methodology (Swipe Card/Enter PIN) they will also have armed themselves with the simplest P2P platform in the business.  (click graphic to enlarge) 





Send email, Swipe Card/Enter PIN, recipient receives email, Swipes their Card, Enters their PIN and the money is transferred in "real-time."  ANY bankcard to ANY bankcard ANYwhere in the world.  Only from HomeATM...









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Posted by John B. Frank Friday, November 6, 2009

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