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.

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Zelle Venmo P2P Privacy 40

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. On Tuesday (Oct.

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Zelle Venmo P2P PayPal 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. In the second quarter, P2P accounted for about 24 percent of total payment volume, Shulman said, up 21 percent from the same period last year. Zelle Growth.

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Zelle Venmo P2P PayPal 42

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.

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Zelle P2P Debit Card Online and Mobile Banking 43

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. 31, 2018, with a year-end goal of 300 million.) Zelle Bank Gains.

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Venmo P2P Zelle PayPal 71

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. Sounds like Zelle had a sizzling Q4.

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Zelle P2P Online and Mobile Banking Venmo 63

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

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. Driving faster payments forward.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

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.

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P2P Zelle Venmo Debit Card 79

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. 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

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. For its fourth quarter, Venmo posted an 80 percent increase in transaction volume, reaching $19 billion.

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Venmo PayPal Credit Cards Zelle 76

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

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

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Venmo PayPal Volume Zelle 58

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.

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FBI Zelle ATM Credit Cards 40

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.

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Zelle Venmo P2P Online and Mobile Banking 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.

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FBI Zelle Credit Cards ATM 40

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

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 13, 2020

With similar growth at Wells , credit and debit card purchase volumes were up mid-single digits in the period. 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. billion seen in December 2018. Going Mobile.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 13, 2020

With similar growth at Wells , credit and debit card purchase volumes were up mid-single digits in the period. 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. billion seen in December 2018. Going Mobile.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

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. Most companies do not send a lot of checks, as measured in volume. Demand is there, pent up, for greenfield opportunities to bring speed and digitization to payments across a range of use cases.

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Checks Real Time Payments Faster Payments B2C 66

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

JANUARY 20, 2020

With an eye on segment performance, she said JPMorgan Chase card, merchant services and auto revenue were up 9 percent driven by higher card NII on loan growth as well as the impact of higher auto lease volumes. billion using Zelle. Debit card point-of-sale purchases, as measured by volume, were up 6 percent to $95.2

Consumer 53

Consumer Online and Mobile Banking Debit Card Credit Cards 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

PYMNTS

JUNE 22, 2018

downloads stood at 37 million at the end of the first quarter, and gross merchandise volume reached 6 billion yen. Zelle : Is making leaps like a gazelle. top Venmo and grow 73 percent in 2018. Mercari’s U.S. Holding bank stocks pays dividends : Shareholders in 22 of the U.S.’s

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P2P Zelle Phishing Venmo 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.

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

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

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 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.

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Faster Payments Fed RTP Same Day ACH 80

CB Insights

AUGUST 23, 2018

The payments function includes P2P payments through Chase QuickPay with Zelle and bill pay (for rent, mortgage, utilities, credit cards, auto, and other bills) with Chase Online Bill Pay. These features were the result of JPM’s investments in Zelle and Bill.com. In June 2018, JPM introduced three new beta-focused ETFs.

Consumer 76

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

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