PYMNTS

NOVEMBER 4, 2019

For starters, Zelle ’s Q3 results show that its year-over-year payment values increased by 58 percent, while transaction volumes rose by 73 percent. Venmo, the P2P service owned by PayPal, has a Q3 processed volume of some $27 billion, while P2P volume stood at $51 billion. Other Signs of Popularity. That’s not all.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

JUNE 15, 2018

With Zelle projected to overtake Venmo , eMarketer expects the payment service to grow more than 73 percent this year. more than Venmo’s 22.9 Furthermore, eMarketer forecasts that the transaction volume of P2P payments will increase by 37 percent in 2018 to reach just over $167 billion this year. million users in the U.S.

Zelle 43

Zelle P2P Venmo Mobile Banking 43

PYMNTS

NOVEMBER 6, 2019

P2P payment network Zelle’s Q3 results show its year-over-year payment values rose by 58 percent, while transaction volume increased by 73 percent. Zelle competitor Venmo is also on the rise. By Q3 measures, Venmo was up 64 percent year over year. Peer-to-peer ( P2P ) payments are exploding. Today, one in two adults with a U.S.

P2P 42

P2P Zelle Venmo Debit Card 42

FICO

AUGUST 26, 2021

It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). The second most popular app, Venmo, was used by 14% of consumers in 2020. in addressable payment volume. “Do you Zelle?”

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

Fintech Labs Insights

FEBRUARY 17, 2016

If there was ever a question if Venmo has achieved mainstream status, today’s news has the answer. The startup, which is owned by online payments processing company Braintree (which PayPal purchased for $800 million in 2013 ) just exceeded $1 billion in payments processed in the month of January; the highest volume in a single month.

Venmo 18

Venmo Process PayPal Debit Card 18

FICO

JULY 22, 2016

It’s kind of like built-in Venmo and a calculator, combined. That represents approximately 4% of the total volume of payments Starbucks recorded in Q2 2016––a pretty incredible adoption rate for a technology still in its infancy. Payment apps boost operational efficiencies. It’s hard to say.

Mobile Payments 72

Mobile Payments Push-to-Card Payments Checks 72

PYMNTS

FEBRUARY 1, 2018

eBay, even two years after its split from PayPal, remains the largest individual contributor to PayPal’s revenue and total payments volume — though that share is declining on both counts. Analysts report that eBay accounted for 22 percent of PayPal’s 2016 revenue, down from 26 percent in 2015 and 29 percent in 2014.

PayPal 40

PayPal Volume Agreements Venmo 40

FICO

MARCH 27, 2017

Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. In today’s era of Venmo and SnapCash (and soon Zelle), three-day P2P transfers just don’t cut it. Today could be that day. Are banks truly ready for same-day ACH?

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40

PYMNTS

SEPTEMBER 21, 2016

Perhaps similar to Venmo, but the digital currency, which is now known as “Cash ETH,” would only be used for smaller everyday transactions, such as a morning coffee or filling up at the pump. 2015, JPMorgan revealed it would invest $9 billion in blockchain and robotics technology through the end of 2016. How, you ask? Back in Dec.

Blockchain 74

Blockchain ISOs Blocks Message Standards 74

PYMNTS

SEPTEMBER 9, 2016

Still, the fee to get instant access to cash flies in the face of what many people see as a benefit to using Square over competitor Venmo: free same-day deposits. However, payment volumes were strong in Q2, and losses were reined in. The existing business model in which it charges small businesses 2.75

Online and Mobile Banking 40

Online and Mobile Banking Payments Venmo Mobile Payments 40

PYMNTS

JULY 22, 2016

But PayPal managed it pretty handily – because by all reasonable measures the second quarter of Q2 2016 was a very good time to be PayPal. Total payment volume last quarter was $86.2 payment volume grew 27 percent and international volume was up 31 percent. Most of that was driven by PayPal, followed by Venmo.

PayPal 40

PayPal Issuers Online and Mobile Banking Volume 40

PYMNTS

OCTOBER 14, 2016

Last year, parent company FedEx experienced 15 percent growth in peak season volume and delivered more than 325 million packages, which exceeded previous holiday season records, Hull said. The 2016 holiday season post-game report is just a couple of months away. …………….

Cross-Border 68

Cross-Border Cross-Border Payments PayPal B2B 68

CB Insights

SEPTEMBER 10, 2019

Millennials were almost four times as likely as other generations to find themselves unemployed during the recession, and households headed by millennials born in the 1980s actually lost net worth between 2010 and 2016. The site has 8M users and processes $200B in volume. in volume — a 78% bump year over year.

Finance 77

Finance Online and Mobile Banking Micro-Entry Advisors 77

PYMNTS

JULY 6, 2020

consumers’ POS transactions were contactless in 2016, and only 3.5 One Boston-based hair salon implemented policies limiting customers to digital tips via Venmo and paying for on-site visits via card details stored on file, for example. This technology has witnessed slow adoption in the U.S., but new realities stand to change that.

Transactions 52

Transactions Card Issuer Push-to-Card Contactless Payments 52

PYMNTS

MAY 5, 2016

In addition to these NFC-enabled platforms, there is also the lot of P2P payments options — PayPal, Venmo and Square Cash among them — that allow for money to be sent to individuals, as well as retailers and other merchants. However, it’s the NFC players who have stolen the show. All three approaches have their benefits and their drawbacks.

Mobile Payments 45

Mobile Payments Payments Venmo Consumer 45

PYMNTS

SEPTEMBER 9, 2016

Braintree volume is growing explosively, and Venmo seems to have this miraculous ability to make the act of paying a social event that adds up to billions every quarter amongst those beloved millennials. The core product’s user base is up to 188 million active users, who use it an increasing number of times each year.

PayPal 42

PayPal Issuers Online and Mobile Banking ACH 42

PYMNTS

APRIL 22, 2016

PayPal has had a pretty busy 2016. Particularly favored as a potential marriage that makes sense is a pairing of Acorns with Venmo, since they share a target audience of millennials with a mobile-friendly outlook. For instance… The Big Buy-In On Acorn. Last quarter, we did 15 million transactions a day.”.

PayPal 41

PayPal Push-to-Card Venmo Consumer 41

PYMNTS

JANUARY 2, 2017

In 2016, the PYMNTS.com Tracker series kept tabs on practically everything within the payments and commerce ecosystem, from A to Z (that’s ACH transfers to Ziosk). From using virtual reality to overhauling the retail industry to shifting trends in cross-border payments, here are some of the highlights from our 2016 Trackers.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

CB Insights

DECEMBER 4, 2019

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). The company announced it would pass on the special card savings Amazon gets from card networks (because of the volume of purchases they can guarantee) to retailers that adopt Amazon Pay. Amazon Lending.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Fintech Labs Insights

SEPTEMBER 6, 2016

Venmo users can withdraw their Venmo balance using Masterard Send. Also similar to the Visa deal, PayPal will receive volume incentives and will not be charged a digital wallet operator fee for using Masterpass. The company’s Braintree Developer Evangelist, Justin Woo, presented at FinDEVr New York 2016.

PayPal 17

PayPal Visa Point-of-Sale (POS) Venmo 17

Fintech Labs Insights

MAY 4, 2016

The latest from FinDEVr New York 2016 presenters: PayPal’s Venmo processed $3.2 billion in total payments volume in Q1 2016, an increase of 154% year-over-year. On FinDEVr.com: What’s in a Name? Plaid Earns “Cool Vendor” Status from Gartner. Chain Launches Open Source Blockchain Protocol.

Payment APIs and Integration 14

Payment APIs and Integration Venmo Payroll Advisors 14

PYMNTS

APRIL 4, 2016

In January of this year, I wrote a piece in which I said there were six things that would shape the direction of payments and commerce in 2016. UberEats , which launched last month (March 2016) as a stand-alone app, was Uber’s first shot across the contextual commerce bow. The higher the volume, the more people pound them down.

Credential 49

Credential Consumer Use Case Accounts 49

PYMNTS

JUNE 20, 2016

At the start of the year, I wrote a piece that outlined six trends that I suggested would set the agenda for payments innovation and commerce reinvention in 2016. Venmo has added payment inside of the app to enable purchases, and with its social features, probably inspire others to follow suit – not just pitch in to pay their fair share.

Online and Mobile Banking 47

Online and Mobile Banking Payments Credential Faster Payments 47

PYMNTS

OCTOBER 21, 2019

So were Venmo, Uber, Square, FastPay, Stripe, Flywire , Recurly, Kabbage and many more — and PYMNTS, as it turns out. The next year — whichever year it was between 2009 and 2016 — was always forecast to be the year that real mobile payments ignition took off in the U.S. Thus far, there have been no further updates.

Innovation 52

Innovation Online and Mobile Banking Payments Mobile Payments 52