Payments Source

JANUARY 27, 2019

Zelle has been good for Bank of America’s P2P traffic, with the bank reporting eye-popping numbers every quarter. But the bank and the Zelle network have different ways of counting their volumes.

Zelle 97

Zelle P2P Volume Mobile Payments 97

Payments Source

JULY 26, 2018

Zelle, the bank-owned P2P network operated by Early Warning, saw an 11% increase in payments volume during the second quarter from the previous quarter as it gradually adds financial institutions to its network.

Zelle 63

Zelle Volume P2P Payments 63

Payments Source

JULY 29, 2020

The pandemic’s physical distancing requirements appear to have accelerated transaction volume and overall use of Zelle, the P2P app operated by the bank-owned Early Warning Services LLC.

Zelle 76

Zelle P2P Volume Transactions 76

Tearsheet

JANUARY 28, 2025

In this edition, we focus on Denise Leonhard, GM of Zelle. Half a trillion dollars were transferred over the Zelle network in the first half of 2024, according to Zelles report in October. This came with a 27% increase in transaction volume YOY for the firm, showing how quickly the Zelle network is expanding.

Zelle 52

Zelle Transactions Credit Union P2P 52

Payments Source

OCTOBER 23, 2018

The Zelle network processed 116 million transactions during the July-September 2018 timeframe with a total value of $32 billion in payments.

Zelle 68

Zelle Volume P2P Transactions 68

Payments Source

AUGUST 21, 2019

Bank of America’s P2P transaction volume via Zelle is surging, with millennials driving the bulk of its usage.

Zelle 69

Zelle P2P Volume Transactions 69

The Nilson Report

MARCH 5, 2024

The post Zelle Transaction Volume Up 28% to $806 billion appeared first on Nilson Report.

Zelle 52

Zelle Volume Transactions Posting 52

PYMNTS

APRIL 24, 2019

Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the company said in a news release. Payment values went up 54 percent year over year, and payment volume increased 72 percent. Zelle also had a fortuitous fourth quarter , along with Venmo.

Zelle 61

Zelle Payment Networks Process Venmo 61

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

APRIL 16, 2019

BoA reported the Zelle person-to-person (P2P) payments service doubled year-on-year during Q1. million Zelle transactions via email addresses or mobile phone-numbers, up 103 percent from the 28.6 million active Zelle users, 2.7 On the debit front, BoA reported first-quarter debit purchase volume of $78.5

Zelle 61

Zelle Transactions P2P Mobile Banking 61

PYMNTS

JULY 29, 2020

Early Warning Services , an Arizona FinTech company, announced Wednesday it distributed $133 billion through its Zelle digital payments network for the first half of the year, according to a press release. Small- to medium-sized businesses (SMBs) have also begun using Zelle to accept payments from customers. billion using Zelle.

Zelle 56

Zelle Consumer Payments Enrollments 56

PYMNTS

JULY 29, 2020

Early Warning Services , an Arizona FinTech company, announced Wednesday it distributed $133 billion through its Zelle digital payments network for the first half of the year, according to a press release. Small- to medium-sized businesses (SMBs) have also begun using Zelle to accept payments from customers. billion using Zelle.

Zelle 58

Zelle Consumer Enrollments Payments 58

Payments Source

NOVEMBER 2, 2020

The person-to-person network is being used more often for purchasing, with consumer payments to small businesses up sharply.

Zelle 68

Zelle Volume Small Business Payments 68

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 million users in the U.S.

Zelle 50

Zelle Small Business Business Payments P2P 50

Payments Source

NOVEMBER 26, 2018

A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging.

Credit Union 87

Credit Union Zelle P2P Volume 87

Payments Dive

MARCH 4, 2024

The peer-to-peer payment app provided a performance update, with transactions volume and value both up about 30% from the previous year.

Zelle 79

Zelle Transactions Volume Payments 79

PYMNTS

OCTOBER 23, 2019

In today’s payments news, Zelle ’s third-quarter results show that transaction volume increased by 73 percent. Zelle Transaction Volumes Hit $49B, Spike 73 Pct YOY. Zelle ’s Q3 results show that its year-over-year payment values rose by 58 percent, while transaction volume increased by 73 percent.

Zelle 40

Zelle Volume Transactions Instant Payments 40

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. For the full year 2018, total P2P volume increased 49 percent to about $149 billion.

Venmo 71

Venmo P2P Zelle PayPal 71

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

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

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.

Zelle 47

Zelle Online and Mobile Banking Debit Card Payments 47

PYMNTS

JUNE 15, 2018

With Zelle projected to overtake Venmo , eMarketer expects the payment service to grow more than 73 percent this year. The firm is projecting that Zelle will reach 27.4 But Zelle has leapfrogged the early stages of adoption by having the benefit of being embedded into the already existing apps of participating banks.”.

Zelle 43

Zelle P2P Venmo 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. In the second quarter, P2P accounted for about 24 percent of total payment volume, Shulman said, up 21 percent from the same period last year. Zelle Growth.

Zelle 42

Zelle Venmo P2P PayPal 42

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

Tearsheet

MARCH 21, 2024

Recently Zelle said that it is on track to reach the $1 trillion payment volume mark this year, and now Stripe is stating that it too has crossed the $1 trillion in payment volume benchmark. Stripe’s annual letter also states that its payment volume rose by 25% in 2023. It seems like $1 trillion is the new hot number.

Volume 59

Volume Payments Cross-Border Cross-Border Payments 59

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

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 Impacts.

P2P 79

P2P Zelle Venmo Debit Card 79

Tearsheet

MARCH 21, 2024

Recently Zelle said that it is on track to reach the $1 trillion payment volume mark this year, and now Stripe is stating that it too has crossed the $1 trillion in payment volume benchmark. Stripe’s annual letter also states that its payment volume rose by 25% in 2023. It seems like $1 trillion is the new hot number.

Volume 52

Volume Payments Cross-Border Cross-Border Payments 52

Clearly Payments

AUGUST 24, 2024

The Rise of P2P Platforms P2P money transfer platforms such as PayPal, Venmo, Cash App, and Zelle have seen exponential growth in recent years. Similarly, Cash App reported a 41% year-over-year growth, with total transaction volume reaching $207 billion.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

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

JULY 16, 2018

Credit card purchase volume gained 8.4 percent year over year, while debit card spending, as measured by volume, was up a bit more than 7 percent. Zelle growth was, measured on a transaction basis, up 142 percent, and volume roughly doubled $10 billion. billion, a boost over the $137.4 billion in the previous period.

Zelle 42

Zelle Non-Bank Credit Cards Volume 42

PYMNTS

APRIL 21, 2019

For its fourth quarter, Venmo posted an 80 percent increase in transaction volume, reaching $19 billion. Competitor Zelle had payment volume of $35 billion in the fourth quarter. According to The Wall Street Journal , more than 27 million people are projected to make a Venmo payment this year.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

PYMNTS

APRIL 13, 2020

The company said volume was $2 billion from the credit card lending tied to the launch of the Apple Card. billion using Zelle. Goldman , which has been moving downstream to capture more share of banking wallet in the U.S. and the U.K., has said Marcus deposits were $60 billion at the end of the year. Increasingly Digital.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

PYMNTS

DECEMBER 12, 2017

Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country. Zelle , could be an unexpected focus of corporate payments’ role in payments acceleration.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

SEPTEMBER 12, 2019

That’s mainly due to the growth experienced by Venmo and its financial institution-centric counterpart Zelle. Zelle P2P payments are increasing. While year-over-year payment values increased by 56 percent, transaction volume increased by 71 percent.

P2P 61

P2P Zelle Payments Real Time Payments 61

PYMNTS

AUGUST 14, 2019

PayPal said that in Q2, Venmo’s total payment volume increased 70 percent year over year to 24 billion transactions in the quarter. “We Zelle Trends. Early Warning, the network operator of Zelle, also said that in the second quarter of 2019, “$44 billion was sent through the Zelle network on 171 million transactions.”.

P2P 49

P2P Zelle Venmo RTP 49

FICO

DECEMBER 4, 2017

Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. The meteoric rise of payment volumes alone indicates a significant increase in mobile payments fraud risk. Most notable here is Zelle, a Venmo competitor backed by a coalition of 30 banks. Mobile Payments Are Tied to DDA and Savings Accounts.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64