Clearly Payments

OCTOBER 31, 2024

Popular Examples : Interac e-Transfer (Canada) , Zelle (U.S.), Usage : RTP systems are growing rapidly; India’s UPI processed 74 billion transactions in 2023, while Zelle in the U.S. Market Growth : BNPL saw a 400% increase in usage globally since 2018 and is expected to grow 17% annually through 2028. Faster Payments (U.K.),

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to peer-to-peer (P2P) payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Zelle Enrollment Boost.

Zelle 58

Zelle Venmo P2P PayPal 58

PYMNTS

OCTOBER 15, 2018

Bank of America, in reporting its latest financials on Monday, also said that Zelle P2P payment transactions increased 138 percent year over year. Bank of America said its provision for credit losses decreased $118 million during the third quarter of 2018, to $716 million. Revenue increased about 4 percent year over year, hitting $22.8

Zelle 53

Zelle Posting Mobile Banking Credit Cards 53

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) Zelle Bank Gains.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

JULY 9, 2018

That was the subject of a recent PYMNTS interview with Drew Edwards, CEO of instant money network Ingo Money , and Lou Anne Alexander, group payments president of the bank-owned Early Warning , which itself owns the digital P2P payments network Zelle. Ingo Money is focused on real-time corporate disbursements. Disbursement Variety.

Zelle 43

Zelle P2P Debit Card Online and Mobile Banking 43

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Zelle Growth. users by year’s end, behind Zelle’s 27.4 About 100 million transactions were handled by Zelle in Q2. Venmo Growth. million U.S.

Zelle 42

Zelle Venmo P2P PayPal 42

PYMNTS

JULY 17, 2018

The Q2 earnings season has just kicked off, and it’s already helping shedding light on recent developments in the peer-to-peer (P2P) world — most notably, the shape of the ongoing competition between Zelle and Venmo. The good news about Zelle came earlier this week when Bank of America (BoA) released its second-quarter financials.

Zelle 40

Zelle Venmo P2P Privacy 40

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to P2P payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Zelle Enrollment Boost. On Tuesday (Oct.

Zelle 43

Zelle Venmo P2P PayPal 43

FICO

DECEMBER 19, 2017

This year, in the spirit of efficiency, I’m combining both predictions and resolutions by forecasting that in 2018, my wallet is going to go on a diet; it will definitely become slimmer as physical (plastic) credit cards are replaced with payment apps on my smart phone. My Predictions for 2018. Follow me on Twitter @FraudBird.

Chip Cards 55

Chip Cards Venmo Payments Credit Cards 55

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. It is also notable that 50 percent of Zelle’s users are ages 45 and older. Driving faster payments forward.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. billion using Zelle. The earnings report also said there have been nine million Erica users since its launch in April 2018. 16), signaling the latest burst of growth for that payment method.

Zelle 46

Zelle Online and Mobile Banking P2P Debit Card 46

The Paypers

JANUARY 25, 2019

(The Paypers) Early Warning Services , the network operator behind Zelle, has announced USD 119 billion in payments on 433 million transactions processed in 2018.

Zelle 28

Zelle Payments Transactions Process 28

PYMNTS

MARCH 10, 2020

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.

P2P 92

P2P Real Time Payments Zelle Credit Union 92

The Paypers

JUNE 15, 2018

(The Paypers) eMarketer has revealed that Zelle will overtake Venmo in peer-to-peer (P2P) mobile payments in the US in 2018.

Zelle 39

Zelle P2P Mobile Payments Venmo 39

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method. Sounds like Zelle had a sizzling Q4.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

MAY 13, 2019

Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ). During Q1 2019, Zelle sent $39 billion through its network via 147 million transactions, the company said in a news release. According to eMarketer , nearly 80 million U.S.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

DECEMBER 19, 2018

At that point, he said, a disbursements foundation is in place at a company, which makes it much easier to offer choices beyond push-to-card to other options, including push-to- PayPal , push-to- Amazon and push-to- Zelle. Edwards noted that choice is just as important on the payout side to consumers as it is on the pay-in side.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

PYMNTS

JANUARY 30, 2019

Earlier this month , Bank of America said that its Zelle P2P payments increased 97 percent in the fourth quarter of 2018, signaling the latest burst of growth for that payment method. During that quarter, consumers made 52 million payments worth $14 billion via Zelle.

Zelle 56

Zelle Online and Mobile Banking P2P Enrollments 56

PYMNTS

MARCH 18, 2019

Now, a decade after its launch, Venmo is sharing the P2P stage with other players, Early Warning Services’ Zelle being the most notable among them. Although only 60 banks and credit unions (CUs) have made Zelle available to their customers, approximately 230 have signed up for the service. There are two sides,” Hsu said.

P2P 59

P2P Zelle Security Venmo 59

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

JANUARY 4, 2018

The early reviews are rolling in: While they are largely positive, there’s also a building consensus that Apple still has much work to do, since the space it’s trying to break into is home to Venmo — PayPal’s well-established and very popular P2P payments service — and Zelle, the bank-backed alternative that rolled out last year.

Push-to-Card 43

Push-to-Card Online and Mobile Banking Mobile Payments Wire Transfer 43

PYMNTS

APRIL 21, 2019

According to a report in The Wall Street Journal citing people familiar with the matter, executives at the company have been having talks with banks since the end of 2018 about issuing a Venmo-branded credit card. Competitor Zelle had payment volume of $35 billion in the fourth quarter.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

PYMNTS

JANUARY 15, 2020

Zelle peer-to-peer (P2P) payments increased 76 percent year-over-year in the fourth quarter of 2019, Bank of America said on Wednesday (Jan. billion using Zelle. According to the bank, total Erica users since its launch in April 2018 stood at 10.3 15), marking the latest growth surge for that payment method.

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

FICO

APRIL 29, 2022

Will Zelle Join Apple Pay, GooglePay and Credit Cards at Point of Sale? For the options available at point of sale (POS), along with credit cards and a host of “-Pay” apps, consumers may soon have another choice on the check-out screen at US retailers: Zelle. Zelle is one of the country’s most widely used money transfer services.

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

PYMNTS

JUNE 7, 2018

billion : The total number of ACH debit and credit transactions in Q1 2018. 25 billion : The value of P2P payments processed on the Zelle network in Q1 2018. . $2 trillion : The estimated worth of the logistics and freight forwarding space. billion : The number of freight invoices generated in 2017.

Process 43

Process Zelle P2P ACH 43

PYMNTS

FEBRUARY 14, 2018

Looking ahead, cross-border transactions should show growth in 2018, said management, while U.S. Overall, though, the company expects stable pricing in 2018. And he noted that zero fee offerings, such as Zelle and Venmo, have been making inroads in this arena.

Cross-Border 78

Cross-Border Blockchain Zelle Venmo 78

PYMNTS

MARCH 11, 2020

116 percent: Increase in consumers’ use of Zelle to send funds between 2018 and 2019. Data: 30K: Number of digital drivers’ licenses downloaded in Colorado to date. 2,013: Number of points the DOW Jones Industrial Average lost on Monday, its largest recorded single-day loss. 17 percent: Share of GDP represented by healthcare costs.

Zelle 52

Zelle Credential Authentication Payment Security 52

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. In addition, Early Warning Services, the network operator behind Zelle, announced that $49 billion was sent through the Zelle network on 196 million transactions during Q3 2019.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

JANUARY 13, 2020

In a 2018 funding round, Plaid had a valuation of about $2.65 The potential for the acquisition is promising, as it could see the creation of a platform that would let people’s money travel between bank accounts using Visa in much the same way that competing services like Venmo and Zelle operate.

Wire Transfer 57

Wire Transfer Cross-Border Acquirers Payment APIs and Integration 57

PYMNTS

AUGUST 10, 2020

trillion in 2018, marking a $10.25 Direct deposit is the most popular among consumers at 47 percent, with PayPal, Venmo and Zelle — all of which take little to no effort from customers to receive payments — collectively accounting for 27 percent. The Federal Reserve recently estimated that there were 174.2 trillion rise from 2015.

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

PYMNTS

AUGUST 20, 2018

The Good: Zelle Eyes SMBs. The peer-to-peer (P2P) payments app, Zelle , is contemplating an expansion beyond enabling payments between family and friends. Zelle currently allows businesses to disburse payments to consumers, having handled 100 million transactions in the second quarter for a total of $28 billion, noted Bloomberg.

FBI 40

FBI Zelle ATM Credit Cards 40

PYMNTS

APRIL 12, 2019

Consumers use Venmo and Zelle to quickly settle shared expenses between friends, and they know the money will arrive in their bank accounts within a few minutes — or even seconds. In the June 2018 Disbursement Satisfaction Index , PYMNTS asked 2,300 consumers to rank their satisfaction with their disbursement solutions on a 100-point scale.

Zelle 43

Zelle P2P Venmo Direct Deposit 43

PYMNTS

FEBRUARY 8, 2019

Overall, DNA performance was strong in 2018, noted Yabuki, with 30 implementations — 16 of those implementations done for institutions with assets greater than $1 billion. He also noted that “we continue to see strong demand around Zelle ,” where transactions there are up 75 percent year over year.

Digital Payments 58

Digital Payments Zelle Online and Mobile Banking Payments 58

PYMNTS

AUGUST 20, 2018

The Good: Zelle Eyes SMBs. The big bank’s P2P payments app – Zelle – is contemplating an expansion beyond enabling payments between family and friends. Zelle currently lets businesses disburse payments to consumers, handling 100 million transactions in the second quarter for a total of $28 billion, noted Bloomberg.

FBI 40

FBI Zelle Credit Cards ATM 40

PYMNTS

JANUARY 27, 2020

IPO Boutique Senior Research Analyst Jeff Zell said, according to the report, “Valuations in the private market are currently under the microscope, especially with unicorns, as they attempt to tap the public markets.”. million in 2018 and $73.4 However, investors have been willing to tolerate losses in light of fast growth.

Zelle 56

Zelle On-Demand Research 56

PYMNTS

JANUARY 31, 2019

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. billion during the final quarter of 2018, slightly below analysts’ estimates of $4.24 Revenue, however, was a slight miss for both the quarter and the year. PayPal posted $4.23

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

JANUARY 14, 2020

And as PYMNTS has reported , P2P services such as Venmo and Zelle continue to grow and expand into new and value-added services. For starters, Zelle ’s Q3 results showed that its year-over-year payment values increased by 58 percent, while transaction volumes rose by 73 percent.

Digital Payments 64

Digital Payments Innovation P2P Credit Cards 64