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. The numbers tell a story of ongoing growth and more consumer acceptance.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

MARCH 10, 2020

The conversation came against a backdrop where, at the end of February, Fiserv said that nearly 600 banks and credit unions (CUs) have joined the turnkey service from Zelle to enable person-to-person (P2P) payment capabilities, and that the number of participants accessing the network via Fiserv has increased ten-fold in 2019 from 2018.

P2P 92

P2P Real Time Payments Zelle Credit Union 92

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 9, 2018

Consumers can be an impatient bunch, and that becomes pretty clear when the conversation turns to insurance checks and other corporate disbursements. 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 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. The aim, according to the company, is to enable consumers who use Venmo to spend their balances in more places. “We Zelle Growth. Venmo Growth. million U.S.

Zelle 42

Zelle Venmo P2P PayPal 42

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. During the quarter, consumers made 80.8 billion using Zelle. The financial institution said 26 percent of all consumer sales were digital and 52 percent of all digital sales came via mobile.

Zelle 46

Zelle Online and Mobile Banking P2P Debit Card 46

FICO

DECEMBER 19, 2017

This year, in the spirit of efficiency, I’m combining both predictions and resolutions by forecasting that in 2018, my wallet is going to go on a diet; it will definitely become slimmer as physical (plastic) credit cards are replaced with payment apps on my smart phone. My Predictions for 2018. Follow me on Twitter @FraudBird.

Chip Cards 55

Chip Cards Venmo Payments Credit Cards 55

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.

Zelle 43

Zelle Venmo P2P PayPal 43

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. 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 ).

P2P 79

P2P Zelle Venmo Debit Card 79

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

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.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

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. By comparison, ownership of smart TVs has increased just 5 percent, and ownership of connected cars has increased 3 percent since 2018. That’s not all — voice is becoming more emotionally attuned to consumers.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

FICO

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Other changes are centered on the challenges of bank and ATM closures limiting consumer access to cash. Scammers Exploit Zelle and Cryptocurrencies.

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

PYMNTS

DECEMBER 19, 2018

That’s why, he noted, the 2019 disbursements playbook is about two things: helping companies understand and navigate their options, and giving consumers the same choices for receiving funds from businesses as they have today when reaching into their physical or digital wallets to pay them. QuickConnect And Cutting Through The Clutter.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

PYMNTS

JANUARY 30, 2019

Aron Levine, the firm’s head of consumer banking and Merrill Edge, said the company wants to give customers more benefits as their business increases. Earlier this month , Bank of America said that its Zelle P2P payments increased 97 percent in the fourth quarter of 2018, signaling the latest burst of growth for that payment method.

Zelle 56

Zelle Online and Mobile Banking P2P Enrollments 56

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

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

JANUARY 13, 2020

consumer and the sea changes tied to commerce, eCommerce, lending and credit. It would not be far-fetched to expect the consumer to chug along as the engine that drives the economy. Goldman’s revamped reporting structure will also shed light, at least in a way, on digital consumer banking. billion seen in December 2018.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 13, 2020

consumer and the sea changes tied to commerce, eCommerce, lending and credit. It would not be far-fetched to expect the consumer to chug along as the engine that drives the economy. Goldman’s revamped reporting structure will also shed light, at least in a way, on digital consumer banking. billion seen in December 2018.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 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. Despite there being some variety of “Pay” for every day of the week, none have garnered even a 10 percent usage rate among consumers. 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

JANUARY 20, 2020

consumer is strong, and the ripple effects of strong U.S. consumer spending is carrying over to other areas where banks get their bread and butter. And, increasingly, digital conduits are gaining a share of consumer and commercial spending. Consumer in ‘Very Strong Shape’. billion using Zelle. billion using Zelle.

Consumer 53

Consumer Online and Mobile Banking Debit Card Credit Cards 53

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. (It) The news peg?

Same Day ACH 43

Same Day ACH Consumer ACH NACHA 43

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. During the quarter, consumers made 95 million payments worth $23.8 billion using Zelle. According to the bank, total Erica users since its launch in April 2018 stood at 10.3

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

PYMNTS

APRIL 21, 2019

According to a report in The Wall Street Journal citing people familiar with the matter, executives at the company have been having talks with banks since the end of 2018 about issuing a Venmo-branded credit card. With digital payments starting to be adopted by consumers in the U.S.,

Venmo 76

Venmo PayPal Credit Cards Zelle 76

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

FEBRUARY 14, 2018

Western Union reported results Tuesday that showed continued momentum in its digital business, as consumer money transfers grew on a cross-border basis. Westernunion.com’s business was up 22 percent, representing 10 percent of consumer-to-consumer revenues. Overall, though, the company expects stable pricing in 2018.

Cross-Border 78

Cross-Border Blockchain Zelle Venmo 78

PYMNTS

AUGUST 10, 2020

trillion in 2018, marking a $10.25 Consumer demand for real-time payments is the most popular, with 77 percent of institutions citing this as a primary factor. One main factor driving banks to develop faster and more convenient payments infrastructure is that greater numbers of consumers are demanding it.

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

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 total number of ACH debit and credit transactions in Q1 2018. 630 million : The number of available consumers in the LatAm region. $25

Process 43

Process Zelle ACH P2P 43

PYMNTS

MARCH 11, 2020

116 percent: Increase in consumers’ use of Zelle to send funds between 2018 and 2019. Data: 30K: Number of digital drivers’ licenses downloaded in Colorado to date. 2,013: Number of points the DOW Jones Industrial Average lost on Monday, its largest recorded single-day loss.

Zelle 52

Zelle Credential Authentication Payment Security 52

PYMNTS

JANUARY 14, 2020

A fresh sign of that is how much focus is turning toward the emerging consumer group known as Generation Z. Indeed, he told PYMNTS, some 75 percent of Gen Z consumers use P2P products every month. And as PYMNTS has reported , P2P services such as Venmo and Zelle continue to grow and expand into new and value-added services.

Digital Payments 64

Digital Payments Innovation P2P Credit Cards 64

PYMNTS

APRIL 12, 2019

Consumers use Venmo and Zelle to quickly settle shared expenses between friends, and they know the money will arrive in their bank accounts within a few minutes — or even seconds. Both consumers and businesses expect immediate access to their funds, but disbursements aren’t hitting the mark. The state of disbursements.

Zelle 43

Zelle P2P Venmo Direct Deposit 43

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. As noted in the May Faster Payments Tracker , the global real-time payments market is expected to grow 30 percent between 2018 and 2025.

Checks 66

Checks Real Time Payments B2C Faster Payments 66

PYMNTS

JANUARY 31, 2019

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. billion during the final quarter of 2018, slightly below analysts’ estimates of $4.24 million new accounts in total (consumer and merchant) in Q4, a 58 percent year-on-year increase, with 2.9

Venmo 58

Venmo PayPal Volume Zelle 58

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.

FBI 40

FBI Zelle ATM Credit Cards 40

PYMNTS

MAY 31, 2019

According to a national study released earlier this year, as of 2018 only 13 percent of Swedes reported using cash in a recent transaction. Swish started out as a P2P payments platform that allowed consumers to send funds amongst themselves, much like Zelle or Venmo. The Rapid Rise of Digital Payment Domination.

Digital Payments 71

Digital Payments Payments Debit Card ATM 71

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

FBI 40

FBI Zelle Credit Cards ATM 40

PYMNTS

OCTOBER 25, 2018

More product improvements — and quick ones at that — seem to be in the mix for Snap as its daily active user base and its Q3 loss disappointed investors late Thursday (October 25), despite a 5 percent increase in average revenue per consumer. The consumer can then make a purchase via the Amazon mobile app or through Amazon.com.

Product 49

Product Zelle Push-to-Card Venmo 49