PYMNTS

JUNE 15, 2018

With Zelle projected to overtake Venmo , eMarketer expects the payment service to grow more than 73 percent this year. The firm is projecting that Zelle will reach 27.4 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

Zelle 43

Zelle P2P Venmo Volume 43

PYMNTS

OCTOBER 19, 2020

It is no wonder that payment apps like CashApp , Venmo and Zelle are used by more than 70 percent of Americans. Venmo users alone lost more than $40 million in 2018. Securing both of these risk avenues is a difficult undertaking that Zelle does not conduct alone. The Scams And Frauds Facing P2p Payment Apps.

Zelle 68

Zelle Scams AI CashApp 68

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

AUGUST 16, 2018

Zelle , the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering to enable customers to pay small businesses. Zelle is backed by Bank of America, JPMorgan Chase and other banks. The firm is projecting that Zelle will reach 27.4 more than Venmo’s 22.9

Zelle 50

Zelle Small Business Business Payments P2P 50

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. P2P Partnerships. P2P Impacts.

P2P 79

P2P Zelle Venmo Debit Card 79

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. It is also notable that 50 percent of Zelle’s users are ages 45 and older.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

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

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

The Paypers

JUNE 15, 2018

(The Paypers) eMarketer has revealed that Zelle will overtake Venmo in peer-to-peer (P2P) mobile payments in the US in 2018.

Zelle 39

Zelle P2P Mobile Payments Venmo 39

PYMNTS

MARCH 18, 2019

P2P app Venmo was born out of that argument, changing how friends, family members, co-workers and acquaintances split bills and loaned money. Now, a decade after its launch, Venmo is sharing the P2P stage with other players, Early Warning Services’ Zelle being the most notable among them. There are two sides,” Hsu said.

P2P 59

P2P Zelle Security Venmo 59

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

AUGUST 10, 2020

trillion in 2018, marking a $10.25 Direct deposit is the most popular among consumers at 47 percent, with PayPal, Venmo and Zelle — all of which take little to no effort from customers to receive payments — collectively accounting for 27 percent. The Federal Reserve recently estimated that there were 174.2

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

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

JANUARY 13, 2020

In a 2018 funding round, Plaid had a valuation of about $2.65 The potential for the acquisition is promising, as it could see the creation of a platform that would let people’s money travel between bank accounts using Visa in much the same way that competing services like Venmo and Zelle operate.

Wire Transfer 57

Wire Transfer Cross-Border Acquirers Payment APIs and Integration 57

PYMNTS

FEBRUARY 14, 2018

Looking ahead, cross-border transactions should show growth in 2018, said management, while U.S. Overall, though, the company expects stable pricing in 2018. And he noted that zero fee offerings, such as Zelle and Venmo, have been making inroads in this arena.

Cross-Border 78

Cross-Border Blockchain Zelle Venmo 78

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

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. Services like Venmo and Zelle process billions of dollars in payments each year. This resulted in an average score of 56.5,

Zelle 43

Zelle P2P Venmo Direct Deposit 43

PYMNTS

JANUARY 4, 2018

The early reviews are rolling in: While they are largely positive, there’s also a building consensus that Apple still has much work to do, since the space it’s trying to break into is home to Venmo — PayPal’s well-established and very popular P2P payments service — and Zelle, the bank-backed alternative that rolled out last year.

Push-to-Card 43

Push-to-Card Online and Mobile Banking Mobile Payments Wire Transfer 43

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. Venmo – PayPal’s P2P payment services also logged a particularly strong Q3 – Venmo’s total payment volume spiked 78 percent and reached $17 billion.

PayPal 49

PayPal Venmo Zelle Volume 49

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 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

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

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

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 12, 2019

Complaints as a percentage of transactions declined by 64 percent from 2015 to 2018, the company pointed out in supplemental materials. Holmes said that even as domestic activity remains a “challenge,” with MoneyGram contending with the likes of Zelle and Venmo , the U.S. outbound growth is stabilizing.

Point-of-Sale (POS) 73

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

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. More recently, though, Snapchat announced a new eCommerce push. One product that’s part of the effort is called Collection Ads.

Product 49

Product Zelle Push-to-Card Venmo 49

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

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

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

AUGUST 10, 2018

At first glance, 2018 is shaping up to be a year that has brought meaningful consumer, regulatory and legislative backlash against lax online privacy. Venmo , the PayPal-owned P2P payment app engaged in increasing competition with Zelle , is facing privacy troubles of its own.

Privacy 40

Privacy Venmo Laws PayPal 40

PYMNTS

JANUARY 10, 2019

During 2018, the market research firm said the number of P2P lenders declined by 50 percent to 1,021. fueled in large part by Venmo and Zelle , and businesses working to offer such payments throughout retail , including restaurant payments. What’s more, no new companies have entered the market since August.

P2P 53

P2P eWallet Point-of-Sale (POS) Payments 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

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

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).

Cross-Border Payments 42

Cross-Border Payments Cross-Border B2B FedNow 42

PYMNTS

JANUARY 10, 2019

During 2018, the market research firm said the number of P2P lenders declined by 50 percent to 1,021. fueled in large part by Venmo and Zelle , and businesses working to offer such payments throughout retail , including for restaurant payments. What’s more, no new companies have entered the market since August.

P2P 46

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

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

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