PYMNTS

APRIL 21, 2019

Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. With digital payments starting to be adopted by consumers in the U.S.,

Venmo

Fintech Review

MAY 21, 2024

Digital payments are at the forefront of transformation. From tapping a phone at a checkout to transferring money across borders without hefty fees, the convenience and efficiency of digital payments are unmatched. Apps like PayPal, Venmo, and Zelle allow users to send money instantly using just an email or phone number.

Digital Payments

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. On Tuesday (Oct.

Zelle

Tearsheet

APRIL 22, 2024

Visa introduced the Visa+ service in April last year to bridge the gap among various apps in the peer-to-peer (P2P) payments space, allowing for real-time payouts to participating digital wallets. At the time, Visa+ outlined plans to make the service widely available to Venmo and PayPal users in the US by mid-2024.

Venmo

PYMNTS

AUGUST 16, 2018

Zelle , the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering to enable customers to pay small businesses. Zelle is backed by Bank of America, JPMorgan Chase and other banks. The firm is projecting that Zelle will reach 27.4 more than Venmo’s 22.9

Zelle

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. PayPal, as a whole, had some 242 customer accounts as of Dec. P2P Numbers.

Venmo

ACI Worldwide Blog

OCTOBER 9, 2023

merchants of all kinds – money will be easier to spend than ever before through different means to digitize payments. market projections (see chart below) indicate that consumers will continue to adopt and expand usage of all non-check and non-cash payment types over the next five years. The post Long Live Digital Payments!

Digital Payments

ACI Worldwide Blog

OCTOBER 9, 2023

merchants of all kinds – money will be easier to spend than ever before through different means to digitize payments. market projections (see chart below) indicate that consumers will continue to adopt and expand usage of all non-check and non-cash payment types over the next five years. The post Long Live Digital Payments!

Digital Payments

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. P2P Marketing. P2P Impacts.

P2P

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.

Zelle

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. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole.

Zelle

PYMNTS

JANUARY 29, 2019

A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. The question going into tomorrow’s earnings report is will PayPal go 4/4? PayPal Q3 results have set expectations high. million added during Q3.

PayPal

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. The freshest news from this part of the global payments world demonstrates those points.

P2P

PYMNTS

AUGUST 19, 2019

We believe the Apple Card is best understood as yet another tool in Apple’s digital wallet toolkit, alongside the current services Apple Wallet, Apple Pay and Apple Cash. Venmo Steps up Its Game Against Zelle. PayPal-owned Venmo hit 40 million active users in Q1 of 2019. the company said. More than 64 percent of U.S.

Venmo

PYMNTS

JULY 27, 2020

Banks missed out on the first big wave of digital payments, but they don’t have to miss out on the next, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation. The entire [digital payments] industry ends up being created outside the banks on products that should have been developed by them,” Edwards said.

On-Demand

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. PayPal posted $4.23 PayPal posted $4.23 PayPal had a similar revenue miss for the full year — with $15.45 Schulman also reported that 21 million merchants now accept PayPal.

Venmo

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. But amid that growth is a fresh trend that could present challenges for law enforcement — the use of such payment methods for illicit transactions, including drug deals.

P2P

FICO

NOVEMBER 24, 2020

Payment card fraud, identity theft , account takeover and digital payment fraud have all increased significantly since March 2020. It’s also important is to use a unique password for each of your accounts, particularly important ones—not just bank and brokerage accounts, but PayPal, Venmo, Gmail and Amazon, everything!

Identity Theft

PYMNTS

DECEMBER 24, 2018

It’s been a year of P2P payment gains, and all signs point to even more growth in 2019. India-based Paytm, meanwhile, has started working on a facial recognition tool to enable digital payments. #8: 8: Via PayPal. The 2018 holiday shopping season has been more than kind so far to PayPal. 23) and Cyber Monday (Nov.

Consumer

PYMNTS

AUGUST 10, 2020

This is evident in the ways bank customers prefer to receive their salaries, payments from businesses or funds from other transactions. Just 20 percent of consumers prefer paper checks, which require them to wait for their funds to arrive in the mail before depositing them.

Direct Deposit

PYMNTS

NOVEMBER 4, 2019

Recently released third-quarter financials show how this particular payment method is gaining traction. 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. Our 55-and-older customers are very active in Zelle,” Brandon said.

P2P

Payments Source

AUGUST 12, 2019

As the competition mounts to increase adoption rates for person-to-person payment apps, PayPal's Venmo is adding a way for users to quickly move money from the app to their bank account.

Venmo

FICO

MAY 1, 2020

Nevertheless, as I recently showed my parents how to use Zelle — a method I do use, through my bank’s mobile app — I wondered, “How can my parents, and all consumers, protect themselves from fraudulent P2P activity on their checking accounts? The Wall Street Journal reports , “Neither Square nor Venmo parent PayPal Holdings Inc.

P2P

Payment Savvy

JULY 12, 2024

Mobile and Digital Wallets Digital wallets like PayPal, Apple Pay, and Google Pay simplify online transactions by securely storing payment information. PayPal PayPal is a well-known name in the free payment processing industry. Cons: Limited features compared to dedicated payment processors.

Debit Card

Clearly Payments

DECEMBER 3, 2023

BlueRush: Personalized customer experience platform with payment options (International). BlueSnap: E-commerce payment services provider (International). Bolt (formerly Checkout.com): Payment platform simplifying online checkout (International). Cash App (Square): Mobile payment service by Square (United States).

Payment Gateways

PYMNTS

JULY 7, 2017

Apple’s payment service Apple Pay is gaining in popularity, with 21 new financial institutions joining the growing list that accepts the digital payment method. With mobile pay, Apple is now directly competing with PayPal, PayPal-owned Venmo, Square Cash and popular bank services like Chase QuickPay and Zelle.

Credit Union

PYMNTS

DECEMBER 4, 2018

That comes as digital payments are entering the mainstream, driven by technology and demographics. With the plethora of alternative payment methods (APMs) out there, from Zelle to Venmo and beyond, what remains top of wallet and top of mind becomes the payment method of choice. There’s a wrinkle here, though.

Issuers

EBizCharge

JULY 24, 2024

P2P payment security and safety P2P payment platforms prioritize the security and safety of financial transactions between users. Ensuring that money transfers are secure is a top concern for P2P services, given the rise in digital payments and the sensitivity of banking data.

P2P

PYMNTS

JUNE 26, 2017

These services have changed the way people do business and live their lives, but if they couldn’t take digital payments without a hitch, nobody would want to use them anymore. You’d have to type in your PayPal username and password, or you’d have to fill out your credit card info in the app.”. They work because they’re seamless.

Venmo

PYMNTS

MAY 4, 2017

Among the more popular players in the P2P space is Venmo, a mobile payment platform owned by PayPal. Earlier this year, Bank of America became the first major financial institution to introduce Early Warning’s Zelle into its mobile app as a way to compete with Venmo in the P2P space.

Faster Payments

PYMNTS

AUGUST 14, 2019

“[We think] there is an opportunity to close the gap here and really match expectations — because the reality is these gig workers are also consumers,” said Silvana Hernandez, Mastercard senior vice president of digital payments, in an interview with PYMNTS.

Faster Payments

FICO

DECEMBER 19, 2017

One of my colleagues on the FICO fraud team reported that he has eight payment apps on his smartphone, with functionality ranging from broad (ApplePay), to person-to-person (Venmo) to card-specific (ChasePay). His wallet was a few cards lighter as a result. Her wallet, she demonstrated, was already sleek and slim.

Chip Cards

PYMNTS

AUGUST 14, 2019

Many workers expect to be able to receive pay through the same digital payment channels they use as consumers, like PayPal and Zelle. . Instant Financial is also exploring other channels through which QSR workers prefer to be paid and is looking to establish connections to other rails. Driving Uptake .

Zelle

PYMNTS

DECEMBER 5, 2017

The digital economy is here and, for many consumers, it has become a way of life. Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. But, with this progress comes friction in the form of a payments patchwork.

Consumer

Stax

SEPTEMBER 17, 2024

ACH transfer is used for various purposes, such as payroll, paycheck direct deposits, recurring and one-time bill payments, Business-to-business (B2B) payments, direct deposit of tax refunds or government payments, Buy now pay later (BPNL), and person-to-person (P2P) payments such as PayPal , Cash App, Zelle, and Venmo.

Wire Transfer

CB Insights

AUGUST 23, 2018

The payments function includes P2P payments through Chase QuickPay with Zelle and bill pay (for rent, mortgage, utilities, credit cards, auto, and other bills) with Chase Online Bill Pay. These features were the result of JPM’s investments in Zelle and Bill.com. To date, the app has had little traction.

Consumer

PYMNTS

APRIL 4, 2018

Meanwhile, freelance marketplaces like Fiverr and GigSalad allow service providers to get paid quickly through PayPal. Other players in the sharing economy are also introducing new tools to improve how payments are paid and split.

Tax Refunds