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. The last time we had earnings season, stretching from mid-January into the end of February, banks pointed to the continued strength of the U.S. billion using Zelle.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

Payments Source

JUNE 15, 2018

As competition from the bank-powered Zelle mounts, the popular social P2P app Venmo is phasing out support for online payments in favor of its mobile app.

Zelle 63

Zelle Venmo P2P Payments 63

Payments Source

MARCH 22, 2019

The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge?

P2P 85

P2P Payments Zelle Venmo 85

PYMNTS

MARCH 18, 2019

P2P app Venmo was born out of that argument, changing how friends, family members, co-workers and acquaintances split bills and loaned money. 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. A P2P Balancing Act.

P2P 59

P2P Zelle Security Venmo 59

PYMNTS

OCTOBER 28, 2019

Discover Bank has announced that customers of its savings and money market accounts can now use the Zelle network for person-to-person (P2P) money transfers, according to a press release on Monday (Oct. Discover customers can enroll in Zelle using the Discover mobile app or the online account center.

Zelle 40

Zelle P2P Debit Card Online and Mobile Banking 40

PYMNTS

JULY 9, 2018

But what would happen if faster disbursements were combined with a (peer-to-peer) P2P service that is striving for more bank partners and customers? Today, Zelle has a direct connection to 143 banks, using the consumer’s mobile phone number as an alias to route funds to the appropriate bank account.

Zelle 43

Zelle P2P Debit Card Online and Mobile Banking 43

PYMNTS

JULY 17, 2019

Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method. During that quarter, consumers made 69 million payments worth $18 billion via Zelle. In all, Bank of America now has 37.3

Zelle 47

Zelle Online and Mobile Banking Debit Card Payments 47

FICO

MAY 1, 2020

I’m not big on reading tabloid confessions at the grocery checkout, but as a payments professional, I have a shocking admission to share: I am a late bloomer in adopting mainstream person-to-person (P2P) payment apps like Venmo, Cash App (owned by Square), Snapcash and a slew of others. And how will banks increase their fraud protections?”.

P2P 69

P2P Venmo Online and Mobile Banking PayPal 69

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. In its Q3 financial release , Bank of America also gave updates on its mobile and digital efforts. million active mobile banking users.

Zelle 46

Zelle Online and Mobile Banking P2P Debit Card 46

PYMNTS

OCTOBER 16, 2020

Customers now anticipate rewards, mobile integration, spend-management offerings — and that transactions that feel immediate and seamless regardless of marketplace or platform. Revolut Likely To Apply For US Bank Charter. Revolut , the European digital bank, is reportedly near applying for a U.S. banking license.

Instant Payments 95

Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

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. For example, Bank of America reported on Wednesday (Jan. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

DECEMBER 6, 2016

The speed at which digital banking is being transformed by new technologies is rapidly increasing. Whether that’s on their mobile device on the go or in their kitchen while they make dinner. KW: Innovation in the banking sector is blossoming. Where do you see this going, and how do you see it being adopted by banks?

Innovation 76

Innovation Online and Mobile Banking Zelle Venmo 76

FICO

DECEMBER 4, 2017

Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. Mobile Payments Proliferate. Mobile Payments Are Tied to DDA and Savings Accounts.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

NOVEMBER 25, 2019

Once the accounts are linked, Discover customers can pay for purchases at millions of online stores using PayPal, and instantly redeem any amount of accumulated rewards. . “We Discover also recently tied up with the Zelle network for person-to-person (P2P) money transfers. bank account without the need to share sensitive data.

PayPal 60

PayPal Zelle Online and Mobile Banking Enrollments 60

PYMNTS

JANUARY 13, 2020

For those watching the payments sphere, the tea leaves are there for the reading, tied to mobile and digital banking adoption, to outstanding balances on cards, and to auto loans and mortgages. 15) will mark releases from Bank of America and Goldman Sachs. Going Mobile. Tuesday (Jan. Looking at Credit.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

FEBRUARY 27, 2017

Walmart showed some early results to goose the gas on eCommerce, which is starting to help the company gain some ground back on Amazon; Zelle is now open for business and coming for Venmo; and Alibaba made its latest big brick-and-mortar play. Zelle Is Officially Out There. Walmart’s Winning Results. We’re the second-largest U.S.

Zelle 40

Zelle Venmo Online and Mobile Banking P2P 40

PYMNTS

JANUARY 30, 2019

Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg. The bank will expand the eligibility for free trades on stocks and exchange-traded funds to the upwards of 5.25 million customers enrolled in the bank’s preferred rewards program. In all, Bank of America now has 36.3

Zelle 56

Zelle Online and Mobile Banking P2P Enrollments 56

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. In its Q4 financial release , Bank of America also gave updates on its mobile and digital efforts. As it stands, Bank of America now has 38.3

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

PYMNTS

MAY 27, 2020

And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed — so long as they harbor a relentless focus on identifying and solving customer problems. The Great Stress Test.

FinTech 94

FinTech Online and Mobile Banking Innovation FDIC 94

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). P2P real-time transactions. COVID Has Given a Permanent Boost to Real-Time Payments?

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

PYMNTS

JANUARY 28, 2020

Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. It’s not that banks don’t want to go more digital and mobile, he said. But such shifts must happen, lest those banks get left behind. Gen Z is growing up.

Online and Mobile Banking 67

Online and Mobile Banking FinTech Credit Union P2P 67

PYMNTS

DECEMBER 7, 2016

InAuth provides mobile device authentication and intelligence solutions for financial institutions, banks, payment networks and merchants — and its reason for being is to figure out fraud at the device level, before the transaction ever gets off the ground. The inclusion of Zelle on the client roster speaks to that, noted Williams.

Acquirers 90

Acquirers Online and Mobile Banking Zelle Push-to-Card 90

PYMNTS

SEPTEMBER 3, 2020

He noted that ordering grocery items online and having them delivered is a practice quickly gaining traction. Payments can have a social component, he said, where divvying up a dinner bill can be done through Venmo or Zelle or other peer-to-peer (P2P) options. Security Is Top Of Mind .

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

PYMNTS

JANUARY 13, 2020

For those watching the payments sphere, the tea leaves are there for the reading, tied to mobile and digital banking adoption, to outstanding balances on cards, and to auto loans and mortgages. 15) will mark releases from Bank of America and Goldman Sachs. Going Mobile. Tuesday (Jan. Looking at Credit.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

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

PYMNTS

APRIL 15, 2020

Banks are adapting to the risk management realities and complexities, while also evolving in real time toward a demanding future. For some consumers, the closure of bank branches may not feel like a terribly big deal, because they’d already converted so much of their activity to mobile. Powering A Fast Pivot.

Online and Mobile Banking 80

Online and Mobile Banking Scams Bots Risk Management 80

PYMNTS

JULY 23, 2018

And this week, Prime Day, Google and Zelle were the best candidates for wins, losses and score-equalizers on the week. Target reported that its one-day sale on July 17 was its biggest online shopping day of the year, in terms of both traffic and sales. Prime Day has turned into a huge opportunity for all online retailers.”

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

FICO

NOVEMBER 7, 2022

US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? Also known as scams or authorized user fraud, this multi-billion-dollar global fraud challenge is a real headache for consumers and banks. . FICO Admin. Tue, 07/02/2019 - 02:45.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

JANUARY 4, 2018

Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. The most-used mobile wallet in the U.S. The most-used mobile wallet in the U.S. Mobile adoption in the U.S. It hasn’t been easy. percent to be exact).

Push-to-Card 43

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

PYMNTS

JULY 7, 2017

The new bank partnerships come as the company recently announced new features coming to Apple Pay during its worldwide developers conference in June. The biggest announcement out of the iOS 11 redesign part of the presentation was the announcement that Apple’s long speculated-upon addition of P2P payments to Apple Pay is finally happening.

Credit Union 41

Credit Union P2P Online and Mobile Banking Zelle 41

PYMNTS

APRIL 19, 2019

As noted in this space this past week, SCA has goals that are laudable by any measure, as the SCA requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. That’s important in a world where commerce is increasingly moving online. Zelle volume doubled year on year, to 58 million transactions.

Zelle 50

Zelle Third Party Vendors Tax Refunds Online and Mobile Banking 50

PYMNTS

DECEMBER 24, 2018

6: With Person-To-Person Mobile Tech. It’s been a year of P2P payment gains, and all signs point to even more growth in 2019. Such growth has led to payment services providers making sure in incorporate P2P in their offerings, including for restaurants. #7: Black Friday mobile payment volume increased 42 percent year over year.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

FEBRUARY 8, 2019

Yabuki spotlighted the news on Thursday that New York Community Bank (NYCB), with more than $51 billion in assets, is converting to a real-time platform, marked by Fiserv’s digital banking and payment solutions. The firm signed up nearly 100 new clients for Zelle in Q4, said the executive.

Digital Payments 58

Digital Payments Zelle Online and Mobile Banking Payments 58

PYMNTS

NOVEMBER 22, 2017

In the November edition of the PYMNTS.com Omni Developer Report , a Vantiv collaboration, PYMNTS explores the latest developments in the software space, including new mobile platforms and tools designed to use the latest technology to give consumers a helping hand. The mobile money tides seem to be changing. and France later this year.

Online and Mobile Banking 47

Online and Mobile Banking P2P Zelle Enrollments 47

PYMNTS

JUNE 28, 2018

As digital banking and payments become mainstream, financial institutions (FIs) are stepping up their efforts to improve customer engagement (CE). That statistic comes as half of all online spending will come from mobile over the next two to three years, according to Jon Rosner, vice president of product strategy, card services at Fiserv.

Zelle 43

Zelle Online and Mobile Banking Real Time Payments Non-Bank 43

PYMNTS

JUNE 22, 2018

Matching buyers and sellers is nothing new, of course, and mobile is proving to be a new conduit. Expansion aside, the business model is one that shows the traction, and attraction, of person-to-person (P2P) networks. Holding bank stocks pays dividends : Shareholders in 22 of the U.S.’s Zelle : Is making leaps like a gazelle.

P2P 40

P2P Zelle Phishing Venmo 40

PYMNTS

DECEMBER 20, 2018

Instead of waiting for their table at a restaurant or for their name to be called by a doctor, consumers can check in to dinner reservations and medical appointments remotely via a mobile device. billion consumer accounts, including credit or debit cards, online wallets and cash-out distribution points. About The Tracker.

Instant Payments 57

Instant Payments Consumer Real Time Payments Interoperability 57