FICO

AUGUST 26, 2021

By 2020, TJ was teaching his parents how to Zelle , an adoption curve reflected in an astonishing growth statistic: 13% of consumers used Zelle in 2020 , up from a mere 1% in 2017. . The second most popular app, Venmo, was used by 14% of consumers in 2020. The second most popular app, Venmo, was used by 14% of consumers in 2020.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve FedNow 52

PYMNTS

NOVEMBER 4, 2019

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. Venmo, the P2P service owned by PayPal, has a Q3 processed volume of some $27 billion, while P2P volume stood at $51 billion. and owned 61 percent of bank accounts in 2017.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

JANUARY 29, 2019

The firm also logged double-digit growth in overall transaction volume and payments volume, and high single-digit boosts in the number of payments per active account. billion, a 27 percent gain, with total payments volume clocking in at $143 billion, that quarter. By comparison, in Q4 2017 PayPal put up profit of $0.55

PayPal 49

PayPal Venmo Zelle Volume 49

PYMNTS

SEPTEMBER 19, 2018

” Not only does research show that Square’s Cash App is growing faster than PayPal ‘s Venmo , but the company recently boosted its presence in small business (SMB) lending through Square Capital. Maybe help them with their savings. How can we help them make their money work for them?”

Venmo 69

Venmo P2P PayPal Adjustments 69

PYMNTS

NOVEMBER 13, 2020

Last month, PayPal and Venmo began offering a credit card that features users’ QR codes , which allows the platform’s more than 60 million customers to shop, split purchases and earn cash back wherever Visa cards are accepted. The code can be scanned in the Venmo app by friends to send payments or split purchases.

Contactless Payments 122

Contactless Payments Interoperability PayPal Venmo 122

PYMNTS

JANUARY 18, 2019

As of Q3 , Zelle reported that the P2P network had processed $32 billion worth of payments and 116 million transactions, a 16 percent quarter-over-quarter increase and more than doubling the transaction volume of the same period in 2017. Venmo already offers a comparable service and is popular with their user base.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

JUNE 15, 2018

With Zelle projected to overtake Venmo , eMarketer expects the payment service to grow more than 73 percent this year. more than Venmo’s 22.9 Furthermore, eMarketer forecasts that the transaction volume of P2P payments will increase by 37 percent in 2018 to reach just over $167 billion this year. million users in the U.S.

Zelle 43

Zelle P2P Venmo Volume 43

PYMNTS

NOVEMBER 14, 2018

Etsy is hardly alone: eCommerce is experiencing year-over-year growth of 14 percent, according to the Payments Powering Platforms Tracker , and merchants looking to capitalize on this rise must accept the preferred payment methods of their customers, which include everything from credit cards to PayPal to Venmo and everything outside and in between.

Venmo 52

Venmo Payments PayPal Credit Cards 52

PYMNTS

JANUARY 27, 2017

PayPal met analyst expectations as it reported its Q4 2016 earnings yesterday (Jan 26) — while adding active uses and increasing payments volume. And PayPal, it seems, is all for being warm and welcoming right back — as Q1 2017 more or less kicked off with PayPal and Discover reaching a rewards deal. By The Numbers. billion to $2.95

PayPal 40

PayPal Venmo Volume Adjustments 40

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 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

JULY 23, 2018

It looks like Zelle is living up to its namesake animal, the gazelle, and is running quickly to catch up to P2P segment leader Venmo. In 2017, the bank represented a third of all Zelle transactions. BoA went on to note that Zelle reported $75 billion of volume, growing at 36 percent versus Venmo’s $34.6 Catching Up.

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

FEBRUARY 1, 2018

PayPal’s Q4 2017 earnings report, in many ways, was a continuation of the same 2017 theme: earnings, profits, revenue and TPV are all up — and to a greater degree than predicted by analysts. Volume is important to us, but so is profitability,” Rainey said on the investor call. Total payment volume came in at $131.45

PayPal 40

PayPal Volume Agreements Venmo 40

PYMNTS

DECEMBER 7, 2018

And in 2017, its revenue increased 54 percent year over year, as further explained in a fresh Braintree blog post from Benitez. It was only three years ago that Braintree achieved $50 billion in payments volume — underscoring the company’s rapid growth, he observed.

PayPal 54

PayPal Mobile Payments Venmo Transactions 54

PYMNTS

DECEMBER 24, 2018

In 2018, 49 percent of surveyed consumers expressed interest in making automatic payments at the gas station, up from 41 percent in 2017. In PayPal’s recent Q3 financials , Venmo played a significant part in the positive nature of that report, with Venmo’s total payment volume increasing by 78 percent year over year.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

DECEMBER 28, 2018

Twas December 2017, and all through the global payments space, APMs and traditional banks were in a neck-and-neck race. In 2017, everything had a little bit of blockchain on it. In short, the distractions of 2017 fell away to make way for a year of utility. Record scratch). So, uh, that’s not exactly how 2018 turned out.

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Alternative Payment Methods Reconciliation PayPal Blockchain 46

PYMNTS

DECEMBER 11, 2018

up 30 percent from 2017, according to figures from First Data and a recent year-end webinar conducted by Glenn Fodor, head of First Data insights. While blockchain may not make the biggest payments splash in 2019, P2P transactions will continue to gain users and payments volume, Fodor said. That trend is certainly nothing new.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

FICO

MARCH 27, 2017

On Groundhog Day 2017, I was thinking that the payments industry is a lot like Groundhog Day , the movie. In today’s era of Venmo and SnapCash (and soon Zelle), three-day P2P transfers just don’t cut it. There are an awful lot of repeating themes in the payments world. And in the best case, they can teach us invaluable lessons.

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40

PYMNTS

AUGUST 20, 2018

The move, when and if it does launch, is seen as another challenge to PayPal -owned Venmo , which already offers SMB payments as a standard feature — and card networks more generally. According to projections by eMarketer , Zelle will officially overtake Venmo by size as of this year, growing by 73 percent to 27.4 more than Venmo’s 22.9

FBI 40

FBI Zelle ATM Credit Cards 40

PYMNTS

MARCH 6, 2020

A computer science student reported using an API from peer-to-peer (P2P) mobile payments service Venmo to download — without users’ permission — the details of approximately 7 million transactions over six months in 2018, for example. Many organizations also worry about DDoS attacks leveraged using APIs, with a 2017 survey finding that 39.2

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

APRIL 26, 2019

The volume was up 72 percent. Elsewhere, PayPal released Venmo user data for the first time – at 40 million active monthly users – and has said user growth is accelerating. Growth, funding, the abandonment of the paper check … all dovetail this week to make B2B payments a sizzle.

Cross-Border 49

Cross-Border B2B Payments Bitcoin 49

PYMNTS

JUNE 22, 2018

downloads stood at 37 million at the end of the first quarter, and gross merchandise volume reached 6 billion yen. s largest listed banks are set to receive almost $170 billion in dividends and stock buybacks over the coming year, 25 percent more than in 2017. top Venmo and grow 73 percent in 2018. Mercari’s U.S.

P2P 40

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PYMNTS

AUGUST 20, 2018

The move, when and if it does launch, is seen as another challenge to PayPal-owned Venmo – which already offers SMB payments as a standard feature – and card networks more generally. According to projections by eMarketer – Zelle will officially overtake Venmo by size as of this year – growing by 73 percent to 27.4

FBI 40

FBI Zelle Credit Cards ATM 40

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. For starters, Zelle ’s Q3 results showed that its year-over-year payment values increased by 58 percent, while transaction volumes rose by 73 percent. Venmo also offers an example of P2P expansion.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

JANUARY 25, 2017

The $634 million logged in the latest week shows that the initial low volume of deals marking the start of 2017 may, in fact, yield to investors putting capital to work. Instead of using PayPal or Venmo or Google Wallet each month to pay each other back, BillGO automatically pulls from multiple accounts to pay one biller.”.

FinTech 46

FinTech Payer Venmo Debit Card 46

CB Insights

SEPTEMBER 10, 2019

The average millennial student debt load was $10,600 as of 2017 — about 2X more than what was owed by Gen X in 2004. The site has 8M users and processes $200B in volume. in volume — a 78% bump year over year. According to company reports, Zelle processed $122B in peer-to-peer payments in 2018, almost double Venmo’s $62B.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

PYMNTS

OCTOBER 26, 2018

As of 2017, less than 5 percent of wearables owners reported shopping directly from one. PayPal and Venmo are gaining traction, as Zelle saw 15 percent growth quarter over quarter to 116 million transactions in Q3, worth $32 billion. Venmo’s volume was up 78 percent year on year, and was $17 billion in the period.

Office of the Comptroller of the Currency 53

Office of the Comptroller of the Currency B2C Online and Mobile Banking P2P 53

PYMNTS

SEPTEMBER 3, 2018

In December of 2017, Even went live and online for 1.4 Amazon noted that sales for this year’s Prime Day surpassed Cyber Monday, Black Friday and the Prime Day 2017 in terms of sales, making it the biggest shopping event in Amazon’s history. Zelle Gains Ground On Venmo. more than Venmo’s 22.9 million Walmart employees.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

Clearly Payments

NOVEMBER 4, 2024

It is considered a Launched in 2017 by Early Warning Services (a company owned by major banks), Zelle has become one of the most popular ways to send money between friends, family, and small businesses in the U.S. Zelle Launch Year: 2017 2023 Transaction Value: $629 billion 2023 Transaction Volume: 2.3

Zelle 85

Zelle Real Time Payments Credit Union Payments 85

PYMNTS

MARCH 18, 2019

In its final report, published in January of 2017, the Fed expressed its support of the collectively developed faster payments framework in the U.S., NACHA reported that in Q4 2018, SDA volume hit 51.3 which also included the role of The Clearing House. That’s roughly 95 percent of consumers in the U.S.,

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

SEPTEMBER 6, 2016

Well, it sure feels like next year — 2017 — could be that year. Restaurants get sales lift and a healthier bottom line, since fewer cashiers are needed — a welcome benefit as they face the prospect of higher minimum wages for their workers and the cost of installing pricey new POS terminals to support growing volume.

Online and Mobile Banking 49

Online and Mobile Banking Payments Embedded Payments Push-to-Card 49

PYMNTS

JANUARY 2, 2017

PYMNTS recently reconnected with Britt for the December Tracker cover story to discuss the trends he expects to see in digital banking in 2017. The company saw its transaction volume increase tenfold in 2016, while its member base doubled. We’ll have to wait and see what other unattended alternatives hit the scene in 2017.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

CB Insights

DECEMBER 4, 2019

In 2017, Andreessen Horowitz general partner Alex Rampell said that of all the tech giants that could make a major move in financial services: “Amazon is the most formidable. Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal).

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

SEPTEMBER 12, 2016

billion from a year earlier, and the volume of payments it processes jumped 28 percent to $86.21 PayPal explained that the deals with Mastercard and Visa level the playing field, and the growth in payments volume for PayPal will more than make up for any declines in revenue per transaction. Up to Friday’s (Sept.

PayPal 64

PayPal Online and Mobile Banking Visa Venmo 64