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Today In Digital-First Banking: Zelle Exceeds 1B P2P Payments; China’s Digital Yuan Tests Process 4M+ Transactions

PYMNTS

In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Zelle Says P2P Payments Top One Billion Transactions. Everlink, FINTAINIUM Team up to Offer Real-Time B2B, B2C Payments.

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ACI Worldwide, BMO partner for B2C payments with Zelle

The Paypers

(The Paypers) ACI Worldwide has announced that BMO is leveraging its Payment Hub powered by ACI’s UP Real-Time Payments solution to launch new products, such as Zelle’s B2C payments.

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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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Deep Dive: How Customer Behaviors Drive Demand For Mobile Disbursement Innovation

PYMNTS

The following Deep Dive explores the mobile disbursements landscape, the factors influencing increased demand for B2B and business-t0-consumer (B2C) mobile disbursements and the roadblocks standing in the way of widespread adoption. Mobile disbursements are becoming critical for both B2B and B2C companies.

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Diving Into The ‘Check-Replacement Cycle’

PYMNTS

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. Stepping back from the granularities of B2C and B2B payments, though, the executive said the groundswell of faster payments is inexorable. The Larger Picture.

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P2P Payments Set The Stage For B2B RTP

PYMNTS

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. to fully embrace real-time payments for both B2B and B2C activity.”. Where We Stand In The US.

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For Banks, Tech As Threat And Savior

PYMNTS

Such disruption and transformation can transcend use cases, said the executive, across B2B, B2C and P2P transactions. Companies such as Venmo are gaining traction, and Zelle is entering the fray in 2017 — a marked effort by banks to be competitive. Could, Webster asked, P2P be a font of disruption — but also an opportunity for banks?

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