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. Customers Demand Faster And More Convenient Payments. Businesses are struggling to meet this demand, however, with nearly half of the $1.9 trillion rise from 2015.

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

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

JULY 23, 2018

And this week, Prime Day, Google and Zelle were the best candidates for wins, losses and score-equalizers on the week. And while one might argue that this is especially true in payments and commerce, there are usually events in any given week that even the most barely trained referees can call as wins, losses or impressive plays.

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

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. Demand is there, pent up, for greenfield opportunities to bring speed and digitization to payments across a range of use cases. Separately, Visa Direct debuted in the U.K.

Checks 66

Checks Real Time Payments Faster Payments B2C 66

PYMNTS

JUNE 25, 2018

“The growth of real-time payments and the demand for contextually relevant data that can be used by consumers, banks and billers means bill payment services now need to focus on changing how payments fundamentally work and how they integrate into the broader experience,” said David Albertazzi, a senior analyst at Aite Group who worked on the report.

Same Day ACH 43

Same Day ACH Consumer ACH NACHA 43

PYMNTS

NOVEMBER 6, 2018

Demand is also heating up for real-time gross settlement (RTGS) systems. Meanwhile, Early Warning Services ’ Zelle network is also getting more robust. The network processed $28 billion in payments during Q2 2018 and can expect that traffic to rise as it adds new participants. But all that effort is slated to bring big results.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

FICO

NOVEMBER 1, 2019

Banks must innovate to meet consumer demands, getting new products and new real-time payment offerings to market quickly on legacy technology foundations while maintaining compliance. In this environment, speed to market is critical, placing banks in a triple bind between innovation, compliance and fraud. Follow me on Twitter @dougoclare.

Real Time Payments 40

Real Time Payments Fraud Detection Payment APIs and Integration Zelle 40

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. Of course, there is no Zelle or Venmo of B2B payments (yet). What About FedNow? .

Cross-Border Payments 42

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

PYMNTS

JANUARY 6, 2020

has dropped from 8,000 in 2004 to about 5,400 in 2018. ” Yet, small businesses are demanding the same level of technological innovation in their bank products and services that consumers and larger corporates want. .” 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

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. percent of businesses innovate to meet demand to use new payment methods, with 43.6

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

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. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. No date has been given for that process.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JULY 9, 2018

That was the subject of a recent PYMNTS interview with Drew Edwards, CEO of instant money network Ingo Money , and Lou Anne Alexander, group payments president of the bank-owned Early Warning , which itself owns the digital P2P payments network Zelle. Ingo Money is focused on real-time corporate disbursements. Disbursement Variety.

Zelle 43

Zelle P2P Debit Card Online and Mobile Banking 43

PYMNTS

FEBRUARY 8, 2019

Overall, DNA performance was strong in 2018, noted Yabuki, with 30 implementations — 16 of those implementations done for institutions with assets greater than $1 billion. He also noted that “we continue to see strong demand around Zelle ,” where transactions there are up 75 percent year over year.

Digital Payments 58

Digital Payments Zelle Online and Mobile Banking Payments 58

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. get the REPORT on next generation investors. Then there’s the mobility aspect.

Finance 77

Finance Online and Mobile Banking Micro-Entry Advisors 77

PYMNTS

JANUARY 13, 2020

With three in the rearview mirror over the past year, demand for loans was likely there, as mortgage rates remained low. 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. Looking at Credit. Interest rate cuts?

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 13, 2020

With three in the rearview mirror over the past year, demand for loans was likely there, as mortgage rates remained low. 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. Looking at Credit. Interest rate cuts?

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

DECEMBER 24, 2018

Moreover, Adobe projects that voice-assisted retail will prove to be a big hit during the 2018 holiday shopping season — and that consumers already devoted to the technology will buy even more gear for themselves and others. #3: 2: With Their Voices. 3: Via Automatic Payments. 5: With Payment Cards. 6: With Person-To-Person Mobile Tech.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

FICO

NOVEMBER 2, 2018

As volumes of account-to-account consumer payment transactions grow — such as person-to-person (P2P) transfers made via Zelle, which is forecast to take over Venmo in 2018 — so does the opportunity for fraudsters to exploit demand deposit accounts (DDA). Consortium Data Speeds Model Adoption and Efficacy.

Real Time Payments 40

Real Time Payments Demand Deposit Account (DDA) Payments P2P 40