Remove 2018 Remove C2B Remove Zelle
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Fiserv On Why 2020 Is ‘The Year Of P2P’

PYMNTS

The conversation came against a backdrop where, at the end of February, Fiserv said that nearly 600 banks and credit unions (CUs) have joined the turnkey service from Zelle to enable person-to-person (P2P) payment capabilities, and that the number of participants accessing the network via Fiserv has increased ten-fold in 2019 from 2018.

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TRENDING: Inside Hong Kong’s New Faster Payment System

PYMNTS

Meanwhile, Early Warning Services ’ Zelle network is also getting more robust. The network processed $28 billion in payments during Q2 2018 and can expect that traffic to rise as it adds new participants. Fiserv recently announced that it had helped onboard five more financial institutions (FIs) onto the network.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

It’s been reported that TCH had 36 banks on board RTP at the end of 2018, and expects that number to reach 1,000 by the end of Q1 2019 – about two weeks from today. As a point of comparison, Zelle reported that two years after its launch, 60 of the 229 banks that are part of its network were “live and processing transactions” in the U.S.