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). As it happens, there’s a lot more happening in the real-time payments arena than just PayPal, Venmo and Zelle.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve FedNow 52

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

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

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. In addition, Early Warning Services, the network operator behind Zelle, announced that $49 billion was sent through the Zelle network on 196 million transactions during Q3 2019.

P2P 40

P2P Zelle Venmo Consumer 40

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, according to one report from LendEDU , a student loan refinancing company, about 33 percent of millennials had paid for drugs via Venmo — and that was in late 2017.

P2P 46

P2P Venmo Zelle Law Enforcement 46

PYMNTS

APRIL 5, 2018

The most recent PYMNTS’ Gig Economy Index , for example, found that 51 percent of gig workers surveyed in the fourth quarter of 2017 reported being paid within one week of rendering their services. The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months. transfer fee.

Economy 43

Economy Zelle Same Day ACH P2P 43

PYMNTS

MAY 4, 2018

trillion : The total 2017 value of the B2B cross-border payments space. 75 billion: The value of P2P payments processed by Zelle in 2017. 21 percent: The share Mastercard’s cross-border volume increased during Q1. 17 percent: The share of income gig economy workers reported losing to payment mechanism issues.

Cross-Border 49

Cross-Border Cross-Border Payments Zelle P2P 49

PYMNTS

SEPTEMBER 20, 2018

75 billion: Value of transactions processed by Zelle in 2017. 2: The number of years before overall transactions made via in-store contactless payments will account for 15 percent of POS transaction volume, worth $2 trillion. . $75 75 billion: Value of transactions processed by Zelle in 2017.

Digital Payments 47

Digital Payments Contactless Payments Zelle P2P 47

PYMNTS

AUGUST 19, 2019

Venmo Steps up Its Game Against Zelle. But Venmo faces active and aggressive competition in the form of bank-backed P2P payments service Zelle. 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.”.

Venmo 51

Venmo Zelle P2P Underwriting 51

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?

Zelle 85

Zelle Real Time Payments Credit Union Payments 85

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

And this week, Prime Day, Google and Zelle were the best candidates for wins, losses and score-equalizers on the week. 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.

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 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

AUGUST 20, 2018

The Good: Zelle Eyes SMBs. The peer-to-peer (P2P) payments app, Zelle , is contemplating an expansion beyond enabling payments between family and friends. Zelle currently allows businesses to disburse payments to consumers, having handled 100 million transactions in the second quarter for a total of $28 billion, noted Bloomberg.

FBI 40

FBI Zelle ATM Credit Cards 40

PYMNTS

JUNE 13, 2019

Beyond peer-to-peer (P2P) payments, where Zelle has taken root as people send money to family and friends (with $39 billion in volume logged in the first quarter), Diegelman said real estate is a vertical that is seeing increased adoption of P2P, especially with smaller landlords. Separately, Visa Direct debuted in the U.K.

Checks 66

Checks Real Time Payments Faster Payments B2C 66

PYMNTS

AUGUST 20, 2018

The Good: Zelle Eyes SMBs. The big bank’s P2P payments app – Zelle – is contemplating an expansion beyond enabling payments between family and friends. Zelle currently lets businesses disburse payments to consumers, handling 100 million transactions in the second quarter for a total of $28 billion, noted Bloomberg.

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

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. That’s not all.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

OCTOBER 29, 2019

Released last week , Zelle’s Q3 results show that its year-over-year payment values rose by 58 percent, while transaction volume increased by 73 percent. During the quarter, $49 billion was sent through the Zelle Network on 196 million transactions. Instant payments are having a moment.

Instant Payments 40

Instant Payments Tax Refunds Debit Card Real Time Payments 40

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. Zelle : Is making leaps like a gazelle. Mercari’s U.S.

P2P 40

P2P Zelle Phishing Venmo 40

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

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

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. Zelle is projected to grow 73 percent this year and hit 27.4

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

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

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. Conclusion.

Consumer 76

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

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

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., As a point of comparison, Zelle reported that two years after its launch, 60 of the 229 banks that are part of its network were “live and processing transactions” in the U.S.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

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

PYMNTS

AUGUST 12, 2019

Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day. Just ask the folks at Zelle, whose P2P network via their bank accounts is really awesome if the sender’s and receiver’s banks are connected to the network – and not so awesome if they’re not.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78