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

PYMNTS

APRIL 13, 2020

and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. consumer, where spending was strong across cards, where auto loans remained resilient. Overall, consumers made 95 million payments worth $23.8 billion using Zelle.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

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. During the quarter, consumers made 80.8 billion using Zelle. The financial institution said 26 percent of all consumer sales were digital and 52 percent of all digital sales came via mobile.

Zelle 46

Zelle Online and Mobile Banking P2P Debit Card 46

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. The numbers tell a story of ongoing growth and more consumer acceptance.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

NOVEMBER 25, 2020

Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. PYMNTS’ data revealed that many consumers are now seeking real-time access to their funds, with 35.2

Payroll 104

Payroll Real Time Payments P2P Zelle 104

PYMNTS

SEPTEMBER 12, 2019

A new PYMNTS interview with McCrory about P2P payments — where they are in 2019 and where they are headed in the 2020s — comes amid a bright, shining time for the payment method. That’s mainly due to the growth experienced by Venmo and its financial institution-centric counterpart Zelle. Zelle P2P payments are increasing.

P2P 61

P2P Zelle Payments Real Time Payments 61

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM is the first consumer bank to give free trades to all retail customers. These features were the result of JPM’s investments in Zelle and Bill.com.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

JANUARY 13, 2020

consumer and the sea changes tied to commerce, eCommerce, lending and credit. It would not be far-fetched to expect the consumer to chug along as the engine that drives the economy. Goldman’s revamped reporting structure will also shed light, at least in a way, on digital consumer banking. Looking at Credit. Interest rate cuts?

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

NOVEMBER 4, 2019

P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans to gain customers and keep a tight hold on existing consumers. 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.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

JANUARY 13, 2020

consumer and the sea changes tied to commerce, eCommerce, lending and credit. It would not be far-fetched to expect the consumer to chug along as the engine that drives the economy. Goldman’s revamped reporting structure will also shed light, at least in a way, on digital consumer banking. Looking at Credit. Interest rate cuts?

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

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. During the quarter, consumers made 95 million payments worth $23.8 billion using Zelle. consumer cards. consumer cards. consumer cards. billion for U.S.

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

PYMNTS

AUGUST 10, 2020

Consumer demand for real-time payments is the most popular, with 77 percent of institutions citing this as a primary factor. One main factor driving banks to develop faster and more convenient payments infrastructure is that greater numbers of consumers are demanding it. Credit and debit card payments accounted for 75.3 Reducing Costs.

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

PYMNTS

JUNE 26, 2019

That said, we are now at the six-month mark of 2019, and a new decade looms. Call it the sunsetting of the 2010s, an opportune time to preview everything from eCommerce to artificial intelligence (AI), from A to Z — here, we can term it APIs to Zelle.

Innovation 82

Innovation Zelle Ubiquitous Payments 82

PYMNTS

JANUARY 1, 2021

Many consumers were still facing pandemic-related financial strains going in to the holidays, making flexible payment options all the more important as they began buying gifts. This loss can be crippling for consumers who live paycheck to paycheck or have little savings. consumers cannot pay for a $400 emergency. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. As for Venmo, it keeps growing, according to the latest financials from the second quarter of 2019.

P2P 49

P2P Venmo Zelle RTP 49

PYMNTS

JANUARY 21, 2021

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In terms of customers going online to bank, BofA added that digital sales accounted for 45 percent of all consumer banking sales for the quarter.

Online and Mobile Banking 101

Online and Mobile Banking Credit Union Mobile Banking Zelle 101

PYMNTS

APRIL 21, 2019

The aim is to announce the launch of the credit card in 2019, reported The Wall Street Journal. With digital payments starting to be adopted by consumers in the U.S., Competitor Zelle had payment volume of $35 billion in the fourth quarter. Venmo is one of the FinTechs that have been able to garner widespread adoption.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

PYMNTS

FEBRUARY 27, 2019

There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. Millennial consumers probably wouldn’t be so generous. That naturally led, he said, to consumers asking the logical question: “Why can’t I choose how I am paid and when?”. on a scale of 100.

Consumer 53

Consumer Debit Card Push-to-Card On-Demand 53

PYMNTS

AUGUST 19, 2019

The Apple Card rollout began last week through Goldman, and the analysts are already worried that the card and its features will be a bit of a dud with consumers, at least at first, which will lead to some rather underwhelming results for Apple’s tech and bank backers. Venmo Steps up Its Game Against Zelle. Apple’s Expensive Card.

Venmo 51

Venmo Zelle P2P Underwriting 51

PYMNTS

MARCH 11, 2020

116 percent: Increase in consumers’ use of Zelle to send funds between 2018 and 2019. 29 percent: Share of 2019 fraud incidents issuing from stolen credentials. Data: 30K: Number of digital drivers’ licenses downloaded in Colorado to date. 17 percent: Share of GDP represented by healthcare costs.

Zelle 52

Zelle Credential Authentication Payment Security 52

FICO

AUGUST 26, 2021

“Do you Zelle?” 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. P2P real-time transactions.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

PYMNTS

JULY 16, 2020

BofA added that digital sales accounted for 47 percent of all consumer banking sales for the quarter, while consumers using the Zelle payments network (which BofA partly owns) sent and received 117 million transfers worth $32 billion overall. consumer cards, down from $161.5 billion in 2019’s second period.

Online and Mobile Banking 57

Online and Mobile Banking Zelle Debit Card Mobile Banking 57

PYMNTS

JANUARY 14, 2020

A fresh sign of that is how much focus is turning toward the emerging consumer group known as Generation Z. Indeed, he told PYMNTS, some 75 percent of Gen Z consumers use P2P products every month. And as PYMNTS has reported , P2P services such as Venmo and Zelle continue to grow and expand into new and value-added services.

Digital Payments 64

Digital Payments Innovation P2P Credit Cards 64

PYMNTS

DECEMBER 19, 2018

That’s why, he noted, the 2019 disbursements playbook is about two things: helping companies understand and navigate their options, and giving consumers the same choices for receiving funds from businesses as they have today when reaching into their physical or digital wallets to pay them. A Race For The Rails.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

PYMNTS

JUNE 25, 2019

Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains. For instance, during the first quarter of 2019, Zelle sent $39 billion through its network via 147 million transactions, the company said in a news release.

P2P 46

P2P Venmo Zelle Law Enforcement 46

PYMNTS

FEBRUARY 12, 2019

Holmes said that, in 2019, the company will focus on “new capabilities … to return to growth,” and that technology-focused initiatives include moving to the cloud (the firm has said it is becoming fully API-driven) and upgrading POS systems. remains a challenge, said management, and Asia-Pacific a strategic focus.

Point-of-Sale (POS) 73

Point-of-Sale (POS) Agreements Compliance Transactions 73

PYMNTS

DECEMBER 23, 2019

Venmo and PNC’s Spat Over Zelle . Which is why reports emerging in media that banks might be strategically blocking FinTech firms’ access to consumer data quickly caught so much attention. When they complained, text messages show that PNC Bank seems to have suggested thost users switch to bank-backed P2P payments system Zelle.

Venmo 52

Venmo Zelle Direct Deposit Federal Reserve 52

PYMNTS

JULY 21, 2020

Consumers of all ages appear to be increasing their adoption of financial institutions (FI)-provided payment apps recently. Payment apps are also frequently used for splitting bills among friends and sending money to family members, but consumers do not limit themselves to only sending funds to trusted contacts. Fraudulent Sellers.

P2P 60

P2P Scams Security Account Takeovers 60

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. as of January 2019. That’s roughly 95 percent of consumers in the U.S., In the U.S.,

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P industry there could see the number of players decline by as much as 70 percent in 2019. trillion yuan (nearly $180.4 trillion yuan (nearly $180.4 Other Doors.

P2P 53

P2P eWallet Point-of-Sale (POS) Payments 53

PYMNTS

JANUARY 23, 2020

More than 42 percent of consumers received at least one instant payment in 2019, but such disbursements have a way to go before they are as common as many would like. Faster payments may not be the most popular disbursement method, but markets are regularly adopting them for consumer payouts. The instant payments education gap.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

DECEMBER 1, 2020

days to settle — a sharp contrast to the real-time payments that have become ubiquitous in everyday life through apps such as Venmo or Zelle,” the CFO’s Guide states. with more than 140 American banks implementing such payments so far this year — an increase of more than 500 percent since September 2019. B2B invoices generally take 37.4

Process 64

Process Payment APIs and Integration Treasury Automation 64

PYMNTS

MARCH 19, 2019

Behind the billions of dollars — OK, make that tens and tens of billions of dollars — in deal-making that has marked the payments space in the just the first few weeks of 2019, lies, of course … strategy. The fact that the apps leverage the same set of payment services, he said, delivers value to both the payer and receiver. Looking Ahead.

Cross-Border 76

Cross-Border Push-to-Card Use Case Payments 76

PYMNTS

NOVEMBER 30, 2020

The recent pact between Zelle and The Clearing House (TCH) on real-time payments shows that “such moves will become more common as failing to support faster payments becomes more of a non-starter for consumers and businesses alike,” the Real-Time Payments Report states. Speeding Payments Flows. With over 150 U.S.

Real Time Payments 68

Real Time Payments RTP Payroll P2P 68

PYMNTS

NOVEMBER 6, 2018

The changes, which are to be implemented in 2019 and 2020, would expand the daily time limit for submitting transactions to the network, make funds for some Same Day and next-day ACH transactions available more quickly, and increase the dollar limit on Same Day ACH transactions. USD) per transaction.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

FICO

NOVEMBER 7, 2022

Tue, 07/02/2019 - 02:45. Also known as scams or authorized user fraud, this multi-billion-dollar global fraud challenge is a real headache for consumers and banks. . Senator Elizabeth Warren, (D-MA) pointedly asked him about the number of fraudulent transactions Chase was seeing on the P2P payment platform Zelle. FICO Admin.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

DECEMBER 19, 2019

That’s one big takeaway from the December 2019 PYMNTS Disbursements Tracker, which notes the widening gap between instant money and the old world of paper-based payments. That figure pales in comparison to the $49 billion that passed through the Zelle P2P app in just Q3 2019 in nearly 200 million separate transactions.

Legal 52

Legal Checks Settlement Laws 52