PYMNTS

OCTOBER 4, 2017

When today’s consumers need something, they expect to get it right away. On September 15, 2017, Phase 2 of NACHA’s same-day ACH rule change went into effect, enabling same-day ACH debits. Businesses and consumers can also use the newly launched same-day ACH service to make last-minute bill payments.

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Zelle P2P Same Day ACH NACHA 40

PYMNTS

APRIL 30, 2018

Zelle’s Security Blues. Zelle, according to some reports, has hit a bit of a security speed bump as stories emerged that hackers have used the service to clean out users’ bank accounts. The main problem at hand, according to the NYT report, is that Zelle does not always notify customers when money is transferred.

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Zelle FTC Federal Trade Commission P2P 40

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

The Paypers

AUGUST 26, 2016

(The Paypers) Early Warning , a consortium of banks holding the majority of US consumer accounts, has unveiled plans to launch a person-to-person payments brand called Zelle.

Zelle 28

Zelle Instant Payments Payments Accounts 28

PYMNTS

JULY 16, 2018

Consumer loans were up 7 percent to $281 billion. Drilling down into the numbers, the company said its consumer banking revenue was $9.2 Zelle growth was, measured on a transaction basis, up 142 percent, and volume roughly doubled $10 billion. billion, better than the $22.3 billion that had been expected by the Street.

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Zelle Non-Bank Credit Cards Volume 42

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. in addressable payment volume.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve FedNow 52

PYMNTS

DECEMBER 24, 2019

About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. The rise of voice is the big factor behind the rise of smart homes, where consumers are doing more commerce and payments. That’s not all — voice is becoming more emotionally attuned to consumers.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

FICO

DECEMBER 14, 2016

Let us move on to 2017. Despite consumer confusion and high levels of market fragmentation, the payments landscape is going to get a lot messier–– brand-specific payment apps seem to be the next big wave—before any kind of front runner(s) emerge. Put another way: There’s no way I won’t be swiping my payment card in 2017.

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EMV FinTech Chip Cards Office of the Comptroller of the Currency 80

PYMNTS

APRIL 18, 2017

Early Warning Services, a real-time payment, authentication and risk mitigation company, announced Monday (April 17) that financial institutions in the Zelle Network processed more than 170-million person-to-person (P2P) payments in 2016, totaling $55 billion in aggregate transaction value. With Zelle, we’ll collectively reach more U.S.

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P2P Zelle Transactions Process 40

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. For example, Bank of America reported on Wednesday (Jan.

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Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

JUNE 25, 2018

Are consumers shifting the way they make direct payments to billers? online bill payments made by consumers in 2016 were conducted via biller-direct sites — up from 62 percent in 2010. Another recent report supports the notion that directly billing consumers without relying on banks is gaining ground. The news peg? businesses.

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Same Day ACH Consumer ACH NACHA 43

PYMNTS

AUGUST 14, 2019

Zelle Trends. Zelle P2P payments increased at a slightly faster rate than Venmo in the latest financial reporting period: While year-over-year payment values increased by 56 percent, transaction volume increased by 71 percent, just barely beating the PayPal figure. Venmo, of course, is not the only major P2P player in the game.

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P2P Zelle Venmo RTP 49

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.

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Venmo Zelle P2P Underwriting 51

FICO

DECEMBER 4, 2017

As the proud winner of my local fantasy league’s 2016 trophy (pictured above), I’m keenly focused on gearing up for my 2017 playoff run. Reflecting back on our 2017 draft party in August, I remember “The Commissioner” collecting participants’ money — specifically, cold hard cash. Mobile Payments Proliferate.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. So, how will consumers (and some businesses) pay? #1:

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

Clearly Payments

NOVEMBER 4, 2024

Zelle is a fast, convenient way for people in the United States to send and receive money almost instantly, known as a real-time payment service (a category of payment methods). Zelle Launch Year: 2017 2023 Transaction Value: $629 billion 2023 Transaction Volume: 2.3 How Does Zelle Work?

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Zelle Real Time Payments Credit Union Payments 85

PYMNTS

JUNE 7, 2018

Sometimes it is a symptom of underdevelopment — Latin America has millions of consumers and two mega-economies (Mexico and Brazil), but eCommerce’s ignitino seems to be crawling forward. billion : The number of freight invoices generated in 2017. 630 million : The number of available consumers in the LatAm region. $25

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Process Zelle ACH P2P 43

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.

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P2P Venmo Zelle Law Enforcement 46

Payments Source

FEBRUARY 2, 2017

and most everyone agrees success is inevitable, but how quickly they can make enough progress to satisfy consumers is a point of contention. Several groups are developing real-time payments systems for the U.S.,

Real Time Payments 60

Real Time Payments Payments Consumer Federal Reserve 60

PYMNTS

AUGUST 14, 2017

billion into Snap since it started in 2012, and its IPO in March of 2017 raised $3.4 The Great Innovation Pile-On of 2017 seems to ignore the reality that no one player will emerge as “the winner” — as much as it’s what everyone wants to read about. Investors put $2.65 billion more. Survival of the Fittest. Nothing is forever.

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Innovation P2P Regulations Zelle 43

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

SEPTEMBER 20, 2018

75 billion: Value of transactions processed by Zelle in 2017. billion: The number of listings through which AI-based image recognition can help consumers search. Sure, payments are getting more digital, but the paper check has remained a stunningly persistent player. . $75

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Digital Payments Contactless Payments Zelle P2P 47

PYMNTS

JUNE 18, 2019

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. The Clearing House [TCH] launched its own RTP network at the end of 2017.).

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RTP P2P B2B RFP 78

PYMNTS

JANUARY 11, 2017

Faster payments solutions are gaining traction as more companies roll out solutions to help companies distribute funds faster between businesses, institutions and consumers. As 2017 kicks off, new developments in payments technology are expected to shake up the industry. News from the world of faster payments.

Faster Payments 52

Faster Payments NACHA Zelle Federal Reserve 52

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. Google will be appealing the decision, and has argued (most recently via a blog post by CEO Sundar Pichai) that the firm has actually boosted competition amid smartphone manufacturers and helped to spur consumer choice.

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Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

JULY 26, 2018

Consumer reporting agency Equifax reported weak second-quarter earnings as it fights to regain the trust of customers, following the record 2017 data breach that impacted more than 143 million people. Venmo, Zelle Report P2P Progress During Quarter. Equifax Q2 Earnings Disappoint As Data Breach Impact Hurts Revenue.

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Venmo Zelle Data Breach P2P 40

PYMNTS

MARCH 19, 2019

banks, launched its real-time network in 2017, marking the first upgrade to electronic payments in the U.S. Zelle is one such service that has become appealing to legitimate users. Criminals have found ways to exploit Zelle, however, enabling them to extract money from users’ accounts or trick people into transferring funds.

Faster Payments 56

Faster Payments Real Time Payments Zelle P2P 56

PYMNTS

AUGUST 20, 2018

This week was a big one for trying new things in the payments and commerce sector — some new and exciting, others experimental and their validity still up in the air, and others that are likely to be bad news for consumers. The Good: Zelle Eyes SMBs. So, what was good change, bad change and a toss-up? million users in the U.S.

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FBI Zelle ATM Credit Cards 40

PYMNTS

OCTOBER 3, 2016

The new iteration has GPS and is waterproof, appealing more to fitness-conscious consumers. Citibank has officially joined the Zelle (formerly known as clearXchange) partnership — the team of banking rivals that already includes Wells Fargo, JPMorgan Chase, Bank of America, and U.S. The Popmoney app operated by Fiserv Inc.

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PayPal Zelle Venmo P2P 64

PYMNTS

AUGUST 20, 2018

This week was a big one for trying new things in the payments and commerce sector – with some in new and exciting ways, others experimenting with new ideas whose validity is still up in the air – and yet others contemplating some new ideas that are likely going to shape up to be pretty bad news for consumers. more than Venmo’s 22.9

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FBI Zelle Credit Cards ATM 40

PYMNTS

JUNE 28, 2018

The moves comes as consumers expect excellent product experiences as compelling new business models and product-level innovations come to market. With Zelle projected to overtake Venmo , for example, eMarketer expects the payment service to grow more than 73 percent this year. The firm is projecting that Zelle will reach 27.4

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

PYMNTS

JANUARY 10, 2019

million USD) by the end of 2017, according to Bloomberg. fueled in large part by Venmo and Zelle , and businesses working to offer such payments throughout retail , including restaurant payments. That is assuming, of course, that consumers take to voice-assistant technology. trillion yuan (nearly $180.4 Other Doors.

P2P 53

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

PYMNTS

JUNE 13, 2019

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. The educational outreach varies with demographics, as younger consumers are apt to have their phones in hand nearly all the time. Three percent of, well, anything is not a lot.

Checks 66

Checks Real Time Payments Faster Payments B2C 66

PYMNTS

OCTOBER 29, 2019

During the quarter, $49 billion was sent through the Zelle Network on 196 million transactions. consumers about whether they have received disbursements, the types of institutions from which they received them and how they would like to receive them if they could choose. percent of consumers want instant payments to a bank account, 11.7

Instant Payments 40

Instant Payments Tax Refunds Debit Card Real Time Payments 40

PYMNTS

JANUARY 29, 2019

By comparison, in Q4 2017 PayPal put up profit of $0.55 According to recent reports out of Zelle’s operator , Early Warning Services, the bank-backed rival P2P service is gaining an increased footing with both consumers and financial institutions. By the numbers – analysts are looking for $0.67 per share on revenue of $4.24

PayPal 49

PayPal Venmo Zelle Volume 49

PYMNTS

JANUARY 10, 2019

trillion yuan by the end of 2017, according to Bloomberg. fueled in large part by Venmo and Zelle , and businesses working to offer such payments throughout retail , including for restaurant payments. That assumes, of course, that consumers take to voice-assistant technology. The fall promises to be almost as spectacular.

P2P 46

P2P eWallet Point-of-Sale (POS) Payments 46

PYMNTS

DECEMBER 6, 2016

GF: From the authentication side of it, this stuff is just becoming monetized so quickly, and it gets consumed into the fabric of the platform providers that I don’t think the banks need to worry about that aspect. It really has the potential just to shift the mix of contact with the consumer.

Innovation 76

Innovation Online and Mobile Banking Zelle Venmo 76