PYMNTS

APRIL 24, 2019

Payment values went up 54 percent year over year, and payment volume increased 72 percent. Zelle also had a fortuitous fourth quarter , along with Venmo. In Q4, Venmo posted an 80 percent spike in transaction volume, hitting $19 billion in the fourth quarter of 2018, according to PayPal’s most recent financial earnings release.

Zelle 61

Zelle Payment Networks Process Venmo 61

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. Venmo Growth. On Tuesday (Oct. million U.S.

Zelle 43

Zelle Venmo P2P PayPal 43

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. Last year, Zelle reported $75 billion of volume growing at 36 percent versus Venmo’s $34.6 Will Zelle Pass Venmo?

Zelle 40

Zelle Venmo P2P Privacy 40

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 ). Payment values went up 54 percent year over year, and payment volume increased 72 percent. Venmo, meanwhile, stood out as one of the best bits of news from PayPal’s Q1 earnings.

P2P 79

P2P Zelle Venmo Debit Card 79

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 For the year, nearly $62 billion changed hands on the Venmo platform. PayPal posted $4.23

Venmo 58

Venmo PayPal Volume Zelle 58

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 Overall, eMarketer says that users of peer-to-peer (P2P) mobile payment products will rise 30 percent in 2018 to encompass 82.5 The firm is projecting that Zelle will reach 27.4

Zelle 43

Zelle P2P Venmo Volume 43

Payments Source

OCTOBER 23, 2018

The Zelle network processed 116 million transactions during the July-September 2018 timeframe with a total value of $32 billion in payments.

Zelle 68

Zelle Volume P2P Transactions 68

PYMNTS

DECEMBER 28, 2018

Bruce Parker, founder and CEO of Modo , contributed the following piece as part of PYMNTS’ 2018 year-end eBook. So, uh, that’s not exactly how 2018 turned out. The year 2018 turned out to be less about dreaming and more about doing what needed to be done, glamorous or not. Here’s where the innovation really happened in 2018.

Alternative Payment Methods 46

Alternative Payment Methods Reconciliation PayPal Blockchain 46

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. Venmo already offers a comparable service and is popular with their user base.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. The hunt for faster payment experiences among all users is generating a spike in interest in real-time payments.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

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. 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.

PayPal 49

PayPal Venmo Zelle Volume 49

PYMNTS

AUGUST 16, 2018

However, the move is seen as a way to take on Venmo, which is owned by PayPal and already offers the capability. 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 Zelle is backed by Bank of America, JPMorgan Chase and other banks.

Zelle 50

Zelle Small Business Business Payments P2P 50

PYMNTS

AUGUST 12, 2020

Separately, in 2018, well before the pandemic, PYMNTS’ Financial Invisibles report found that 12 percent of a sample of consumers used payday loans and did not have credit cards. Cash App, which competes head-to-head with PayPal’s Venmo, was the key factor that drove Square’s profitability in Q2. Last week, Square reported $1.92

CashApp 70

CashApp Venmo Debit Card Adjustments 70

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: The 2018 holiday shopping season has been more than kind so far to PayPal. 3: Via Automatic Payments.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

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 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. Other Signs of Popularity. That’s not all.

P2P 40

P2P Zelle Venmo Consumer 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

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

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. BoA went on to note that Zelle reported $75 billion of volume, growing at 36 percent versus Venmo’s $34.6 more than Venmo’s 22.9 Catching Up. million users in the U.S., million users.

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

CB Insights

DECEMBER 4, 2019

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). The company announced it would pass on the special card savings Amazon gets from card networks (because of the volume of purchases they can guarantee) to retailers that adopt Amazon Pay.

Online and Mobile Banking 101

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

PYMNTS

SEPTEMBER 3, 2019

In 2013, PayPal acquired payments gateway company Braintree for $800 million — and picks up P2P payments company Venmo on the deal. Q2 2019 earnings were upbeat, but growth was 2 percent while gross merchandise volume (GMV) was down, as are estimates of Q3 sales. EBay spun out PayPal in 2015.

PayPal 81

PayPal Venmo Payment Gateways Gateways 81

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 Advisors Micro-Entry 77

PYMNTS

MARCH 6, 2020

The technology’s significance cannot be ignored, as a 2018 survey found that each company manages an average of 363 APIs. These attacks involve bad actors overwhelming systems with high request volumes, often sent from many users. Many of today’s firms depend on APIs they offer, consume or rely on to power services they use. .

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

FEBRUARY 1, 2018

Both our 2018 and our medium-term guidance already includes the anticipated economic impact of the eBay transition, which is quite manageable over a multi-year period. 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

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

FICO

DECEMBER 7, 2021

Unlike most weight loss gimmicks, I’m pleased to report that my billfold has only been getting slimmer and sleeker since I first talked about the wallet diet in my 2018 predictions blog. CNBC reports: Shift4 outlined that it will begin converting Starlink “domestic payment volume” to its services over the next 120 days.

Account Takeovers 52

Account Takeovers Scams P2P Federal Reserve 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. The company says it is now available to about 70 percent of households in the country, which is a leap from the 26 percent seen as recently as the middle of 2018.

Cross-Border 49

Cross-Border B2B Payments Bitcoin 49

PYMNTS

MARCH 18, 2019

Somewhat ironically, these are some of the same players who now use the card rails to push payments in real time between senders and receivers on their respective platforms – Square Cash App, Venmo and Apple Pay Cash – and pretty cheaply, and very securely, across the debit card rails. NACHA reported that in Q4 2018, SDA volume hit 51.3

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

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

JANUARY 23, 2020

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. Most patient disbursements are made via checks, and 74 percent of consumers received health refunds in this manner in 2018. Only 3 percent received them via direct deposit that same year.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

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.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

OCTOBER 26, 2018

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. CCS further notes that much of the growth in 2018 has been driven by Apple and its smartwatch product. Source: How We Will Pay Report 2018 Edition. 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

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).

Real Time Payments 40

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

FICO

APRIL 29, 2022

Last year, people sent $490 billion through Zelle , compared with $230 billion through Venmo, its closest competitor. ACH volumes in the United States increased 8.7% I blogged about this tragic phenomenon in 2018 and my advice rings as true as ever. Zelle is one of the country’s most widely used money transfer services.

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

PYMNTS

JUNE 22, 2018

downloads stood at 37 million at the end of the first quarter, and gross merchandise volume reached 6 billion yen. top Venmo and grow 73 percent in 2018. That Mercari has gained a following of 71 million downloads proves there is room for marketplaces beyond marquee names like eBay and Craigslist. Mercari’s U.S.

P2P 40

P2P Zelle Phishing Venmo 40