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

NOVEMBER 27, 2020

Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. P2P app use has surged as expected in 2020, with Zelle recently reporting that it has now processed more than 1 billion transactions, for example.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

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

FICO

APRIL 29, 2022

Will Zelle Join Apple Pay, GooglePay and Credit Cards at Point of Sale? For the options available at point of sale (POS), along with credit cards and a host of “-Pay” apps, consumers may soon have another choice on the check-out screen at US retailers: Zelle. Zelle is one of the country’s most widely used money transfer services.

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

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. billion using Zelle. According to the bank, total Erica users since its launch in April 2018 stood at 10.3 15), marking the latest growth surge for that payment method.

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

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. According to eMarketer , nearly 80 million U.S.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

DECEMBER 19, 2018

At that point, he said, a disbursements foundation is in place at a company, which makes it much easier to offer choices beyond push-to-card to other options, including push-to- PayPal , push-to- Amazon and push-to- Zelle. Edwards noted that choice is just as important on the payout side to consumers as it is on the pay-in side.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

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. In the June 2018 Disbursement Satisfaction Index , PYMNTS asked 2,300 consumers to rank their satisfaction with their disbursement solutions on a 100-point scale.

Zelle 43

Zelle P2P Venmo Direct Deposit 43

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. Competitor Zelle had payment volume of $35 billion in the fourth quarter.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

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

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

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. Looking ahead, cross-border transactions should show growth in 2018, said management, while U.S. Overall, though, the company expects stable pricing in 2018.

Cross-Border 78

Cross-Border Blockchain Zelle Venmo 78

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. Catching Up.

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

JANUARY 14, 2020

And as PYMNTS has reported , P2P services such as Venmo and Zelle continue to grow and expand into new and value-added services. 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.

Digital Payments 64

Digital Payments Innovation P2P Credit Cards 64

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 Revenue, however, was a slight miss for both the quarter and the year. PayPal posted $4.23

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

JUNE 13, 2019

As noted in the May Faster Payments Tracker , the global real-time payments market is expected to grow 30 percent between 2018 and 2025. Elsewhere, and a bit closer to home, the Federal Reserve has been mulling a real-time payments system — and, of course, there’s the aforementioned Zelle, among other offerings already in the field.

Checks 66

Checks Real Time Payments Faster Payments B2C 66

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. Venmo also offers an example of P2P expansion. 4: An Increasing Number Of Devices.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

OCTOBER 25, 2018

Snap, the developer of Snapchat, said it had 186 million daily active users in the third quarter of 2018 , which represents a 5 percent year-over-year increase. I think there’s a lot of opportunity to continue improving [the Discover] product,” CEO Evan Spiegel said in the post-earnings conference call with investors.

Product 49

Product Zelle Push-to-Card Venmo 49

PYMNTS

FEBRUARY 12, 2019

MoneyGram largely missed Wall Street estimates — at least in terms of headline numbers, amid results that showed continued headwinds of compliance efforts. The top line was down 14 percent on a constant currency basis, which continues a trend seen in previous periods, where sales were down mid-teen percentage rates.

Point-of-Sale (POS) 73

Point-of-Sale (POS) Agreements Compliance Transactions 73

PYMNTS

FEBRUARY 8, 2019

The data deluge continues, and the earnings roundup this week has some positives — such as in Fiserv’s gains ahead of a tie-up with First Data — and negatives, as GrubHub failed to impress investors. 120,000 new corporate customers added in 2018. Signed up 100 new Zelle clients in 4Q. Digital sales represented 12.9

Zelle 43

Zelle Transactions Continuity Payments 43

PYMNTS

OCTOBER 24, 2019

Cross-border B2B transactions generated about $125 billion in revenue in 2018, leading more FIs and FinTechs to seek to update their infrastructures and better serve the needs of this sizable and growing sector. That fear has not been realized, however, as TCH reports that FIs continue to join RTP.

Cross-Border Payments 42

Cross-Border Payments Cross-Border B2B Real Time Payments 42

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

OCTOBER 26, 2018

It was a good week for wearables and their future, as the devices continued to show indications of strong promise on the B2C and B2B fronts. Fitness tracker sales are forecast to fall by 43 million units in 2018, and are predicted to fall to 39 million total units sold by 2022. Source: How We Will Pay Report 2018 Edition.

Office of the Comptroller of the Currency 53

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

PYMNTS

JANUARY 23, 2020

Most patient disbursements are made via checks, and 74 percent of consumers received health refunds in this manner in 2018. Mastercard and Visa have developed faster payment rails of their own, and mobile applications like Venmo and Zelle are steadily increasing their hold over person-to-person (P2P) transactions.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

JANUARY 10, 2019

During 2018, the market research firm said the number of P2P lenders declined by 50 percent to 1,021. The decline of the China P2P industry comes as that space continues to grow in the U.S., fueled in large part by Venmo and Zelle , and businesses working to offer such payments throughout retail , including restaurant payments.

P2P 53

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

PYMNTS

JANUARY 20, 2020

Digital deposits were strong across existing and new customers, with the total at $6 billion for the year, versus the $1 billion that was raised in 2018, as detailed by CFO Mark Mason. billion using Zelle. In the U.S., Spending, Done Digitally. Overall, consumers made 95 million payments worth $23.8

Consumer 53

Consumer Online and Mobile Banking Debit Card Credit Cards 53

PYMNTS

JANUARY 10, 2019

During 2018, the market research firm said the number of P2P lenders declined by 50 percent to 1,021. The decline of the China P2P industry comes as that space continues to grow in the U.S., fueled in large part by Venmo and Zelle , and businesses working to offer such payments throughout retail , including for restaurant payments.

P2P 46

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

PYMNTS

DECEMBER 11, 2018

Speaking of cashierless checkout, that’s another building trend from 2018 that will carry over in a big way in 2019, Fodor said in the webinar, which served as an annual review and look ahead for payments and commerce from a First Data point of view. It’s a huge trend being driven by Venmo and Zelle ,” Fodor said.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

PYMNTS

JUNE 22, 2018

Zelle : Is making leaps like a gazelle. top Venmo and grow 73 percent in 2018. The news underscored the security weaknesses that continue to plague cryptocurrencies, and was enough to send bitcoin down several percentage points before recovering — a bit. Holding bank stocks pays dividends : Shareholders in 22 of the U.S.’s

P2P 40

P2P Zelle Phishing Venmo 40

PYMNTS

JANUARY 6, 2020

has dropped from 8,000 in 2004 to about 5,400 in 2018. With the Federal Reserve approving the merger between banks SunTrust and BB&T last month , some analysts believe market consolidation will continue into the new year. According to data from the Conference of State Bank Supervisors, the number of community banks in the U.S.

Community Banks 49

Community Banks Faster Payments Federal Reserve Small Business 49

PYMNTS

MARCH 18, 2019

It’s been reported that TCH had 36 banks on board RTP at the end of 2018, and expects that number to reach 1,000 by the end of Q1 2019 – about two weeks from today. 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

CB Insights

AUGUST 23, 2018

JPM continues to improve its existing apps while also focusing on developing new ones (such as Finn) for future customers. To continue to scale tech hiring, the bank recently announced a revamp of its entry-level program for technologists, which brings in about 1,000 engineers each year globally.

Consumer 76

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

PYMNTS

FEBRUARY 8, 2019

As reported, NYCB is moving to DNA , which Fiserv has billed as its continuously available real-time core platform, built on open architecture and featuring its real-time Dovetail Payments Platform, Corillian Online and Mobiliti digital banking products. The firm signed up nearly 100 new clients for Zelle in Q4, said the executive.

Digital Payments 58

Digital Payments Zelle Online and Mobile Banking Payments 58

PYMNTS

JANUARY 29, 2019

A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. I don’t see any reason to believe that the company won’t continue to deliver,” one market watcher noted in The Motley Fool. per share on revenue of $3.74

PayPal 49

PayPal Venmo Zelle Volume 49

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. As of 2018, the app had 3.7M Launched in 2015, Stash had 1.7M

Finance 77

Finance Online and Mobile Banking Micro-Entry Advisors 77

PYMNTS

DECEMBER 19, 2019

The money transfer feature is flexible and easy, which explains why its users completed over $1 billion USD of in-app transactions in 2018. That figure pales in comparison to the $49 billion that passed through the Zelle P2P app in just Q3 2019 in nearly 200 million separate transactions.

Legal 52

Legal Settlement Checks Laws 52

PYMNTS

JANUARY 13, 2020

The continued investment in digital efforts should also mark results, as supplemental materials from banks show details on active mobile customers and branch counts. The company said back in October that 26 percent of consumer sales were done digitally, and Zelle P2P transactions were up 76 percent year over year in the third quarter.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52