PYMNTS

NOVEMBER 4, 2019

P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans to gain customers and keep a tight hold on existing consumers. 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.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. 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 ).

P2P 79

P2P Zelle Venmo Debit Card 79

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

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. During the quarter, consumers made 95 million payments worth $23.8 billion using Zelle. consumer cards. consumer cards. consumer cards. billion for U.S.

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

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. The numbers tell a story of ongoing growth and more consumer acceptance.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

SEPTEMBER 12, 2019

A new PYMNTS interview with McCrory about P2P payments — where they are in 2019 and where they are headed in the 2020s — comes amid a bright, shining time for the payment method. That’s mainly due to the growth experienced by Venmo and its financial institution-centric counterpart Zelle. Zelle P2P payments are increasing.

P2P 61

P2P Zelle Payments Real Time Payments 61

PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. As for Venmo, it keeps growing, according to the latest financials from the second quarter of 2019.

P2P 49

P2P Zelle Venmo RTP 49

PYMNTS

DECEMBER 8, 2020

Knowing the red flags associated with this scam can help consumers avoid heartache and losing their money.”. And the pandemic pop has segued into a holiday hustle, with 337 puppy scam reports being filed in November, versus less than 80 in 2019. Not Just Puppies.

Scams 110

Scams Zelle Law Enforcement On-Demand 110

PYMNTS

AUGUST 19, 2019

The Apple Card rollout began last week through Goldman, and the analysts are already worried that the card and its features will be a bit of a dud with consumers, at least at first, which will lead to some rather underwhelming results for Apple’s tech and bank backers. Venmo Steps up Its Game Against Zelle. Apple’s Expensive Card.

Venmo 51

Venmo Zelle P2P Underwriting 51

PYMNTS

APRIL 13, 2020

and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. consumer, where spending was strong across cards, where auto loans remained resilient. Overall, consumers made 95 million payments worth $23.8 billion using Zelle.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

PYMNTS

FEBRUARY 27, 2019

There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. Millennial consumers probably wouldn’t be so generous. That naturally led, he said, to consumers asking the logical question: “Why can’t I choose how I am paid and when?”. on a scale of 100.

Consumer 53

Consumer Debit Card Push-to-Card On-Demand 53

PYMNTS

NOVEMBER 25, 2020

Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. PYMNTS’ data revealed that many consumers are now seeking real-time access to their funds, with 35.2

Payroll 104

Payroll Real Time Payments P2P Zelle 104

PYMNTS

JULY 16, 2020

BofA added that digital sales accounted for 47 percent of all consumer banking sales for the quarter, while consumers using the Zelle payments network (which BofA partly owns) sent and received 117 million transfers worth $32 billion overall. consumer cards, down from $161.5 billion in 2019’s second period.

Online and Mobile Banking 57

Online and Mobile Banking Zelle Debit Card Mobile Banking 57

PYMNTS

AUGUST 10, 2020

Consumer demand for real-time payments is the most popular, with 77 percent of institutions citing this as a primary factor. One main factor driving banks to develop faster and more convenient payments infrastructure is that greater numbers of consumers are demanding it. Credit and debit card payments accounted for 75.3 Reducing Costs.

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

PYMNTS

JUNE 25, 2019

Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains. For instance, during the first quarter of 2019, Zelle sent $39 billion through its network via 147 million transactions, the company said in a news release.

P2P 46

P2P Venmo Zelle Law Enforcement 46

PYMNTS

DECEMBER 23, 2019

Venmo and PNC’s Spat Over Zelle . Which is why reports emerging in media that banks might be strategically blocking FinTech firms’ access to consumer data quickly caught so much attention. When they complained, text messages show that PNC Bank seems to have suggested thost users switch to bank-backed P2P payments system Zelle.

Venmo 52

Venmo Zelle Direct Deposit Federal Reserve 52

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM is the first consumer bank to give free trades to all retail customers. These features were the result of JPM’s investments in Zelle and Bill.com.

Consumer 76

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

PYMNTS

JANUARY 14, 2020

A fresh sign of that is how much focus is turning toward the emerging consumer group known as Generation Z. Indeed, he told PYMNTS, some 75 percent of Gen Z consumers use P2P products every month. And as PYMNTS has reported , P2P services such as Venmo and Zelle continue to grow and expand into new and value-added services.

Digital Payments 64

Digital Payments Innovation P2P Credit Cards 64

PYMNTS

APRIL 21, 2019

The aim is to announce the launch of the credit card in 2019, reported The Wall Street Journal. With digital payments starting to be adopted by consumers in the U.S., Competitor Zelle had payment volume of $35 billion in the fourth quarter. Venmo is one of the FinTechs that have been able to garner widespread adoption.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

PYMNTS

JANUARY 21, 2021

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In terms of customers going online to bank, BofA added that digital sales accounted for 45 percent of all consumer banking sales for the quarter.

Online and Mobile Banking 101

Online and Mobile Banking Credit Union Mobile Banking CBDC 101

PYMNTS

OCTOBER 29, 2019

During the quarter, $49 billion was sent through the Zelle Network on 196 million transactions. In the 2019 Disbursement Satisfaction Report , PYMNTS surveyed more than 5,000 U.S. This adoption is being driven by consumers’ near-universal understanding of instant payments. Adoption Soars. trillion in annual disbursements.

Instant Payments 40

Instant Payments Tax Refunds Debit Card Real Time Payments 40

PYMNTS

DECEMBER 19, 2018

That’s why, he noted, the 2019 disbursements playbook is about two things: helping companies understand and navigate their options, and giving consumers the same choices for receiving funds from businesses as they have today when reaching into their physical or digital wallets to pay them. A Race For The Rails.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

PYMNTS

JANUARY 23, 2020

More than 42 percent of consumers received at least one instant payment in 2019, but such disbursements have a way to go before they are as common as many would like. Faster payments may not be the most popular disbursement method, but markets are regularly adopting them for consumer payouts. The instant payments education gap.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

DECEMBER 1, 2020

days to settle — a sharp contrast to the real-time payments that have become ubiquitous in everyday life through apps such as Venmo or Zelle,” the CFO’s Guide states. with more than 140 American banks implementing such payments so far this year — an increase of more than 500 percent since September 2019. B2B invoices generally take 37.4

Process 64

Process Payment APIs and Integration Treasury Automation 64

FICO

NOVEMBER 30, 2022

Tue, 07/02/2019 - 02:45. Fraudsters are opportunistic, and lately they are (unfortunately) finding a lot of success by targeting consumers directly. Consumers are not as worried about APP fraud and scams as they are for other types of fraud, but awareness is growing. For consumers, it starts with awareness. FICO Admin.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P industry there could see the number of players decline by as much as 70 percent in 2019. trillion yuan (nearly $180.4 trillion yuan (nearly $180.4 Other Doors.

P2P 53

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

PYMNTS

NOVEMBER 30, 2020

The recent pact between Zelle and The Clearing House (TCH) on real-time payments shows that “such moves will become more common as failing to support faster payments becomes more of a non-starter for consumers and businesses alike,” the Real-Time Payments Report states. Speeding Payments Flows. With over 150 U.S.

Real Time Payments 68

Real Time Payments RTP Payroll P2P 68

PYMNTS

NOVEMBER 6, 2018

The changes, which are to be implemented in 2019 and 2020, would expand the daily time limit for submitting transactions to the network, make funds for some Same Day and next-day ACH transactions available more quickly, and increase the dollar limit on Same Day ACH transactions. USD) per transaction.

Faster Payments 53

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

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on P2P lending in that country — a move that came after a series of multi-billion dollar scams in that space, and resulting protests — the peer-to-peer (P2P) industry there could see the number of players decline by as much as 70 percent in 2019. trillion yuan by the end of 2017, according to Bloomberg.

P2P 46

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

PYMNTS

FEBRUARY 12, 2019

Holmes said that, in 2019, the company will focus on “new capabilities … to return to growth,” and that technology-focused initiatives include moving to the cloud (the firm has said it is becoming fully API-driven) and upgrading POS systems. remains a challenge, said management, and Asia-Pacific a strategic focus.

Point-of-Sale (POS) 73

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

PYMNTS

AUGUST 14, 2019

Consumers are not the only ones looking for quicker service in the QSR industry. Many workers expect to be able to receive pay through the same digital payment channels they use as consumers, like PayPal and Zelle. . Workers want to be paid quickly and employers are exploring options to combat high turnover rates.

Zelle 43

Zelle Point-of-Sale (POS) Payroll On-Demand 43

PYMNTS

FEBRUARY 13, 2020

Checks may be cumbersome and flawed, but they persist as one of the top methods by which businesses, legal firms and universities pass refunds to consumers, clients and students. Such payments are also popular with businesses, as 250 million of these transactions were expected to have been sent by the end of 2019.

Direct Deposit 52

Direct Deposit ACH Checks P2P 52

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. as of January 2019. That’s roughly 95 percent of consumers in the U.S., In the U.S.,

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

MARCH 19, 2019

Behind the billions of dollars — OK, make that tens and tens of billions of dollars — in deal-making that has marked the payments space in the just the first few weeks of 2019, lies, of course … strategy. The fact that the apps leverage the same set of payment services, he said, delivers value to both the payer and receiver. Looking Ahead.

Cross-Border 76

Cross-Border Push-to-Card Use Case Payments 76

PYMNTS

JANUARY 31, 2019

As of the end of 2018, PayPal reported 242 million consumer accounts for those who use their PayPal accounts 37 times per year on average — that is up 9 percent. million new accounts in total (consumer and merchant) in Q4, a 58 percent year-on-year increase, with 2.9 Schulman also reported that 21 million merchants now accept PayPal.

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

JUNE 28, 2019

Merchant partners are also scrambling, with just 40 percent of merchants within the EU currently stating they will be ready by September 2019. Peer-to-peer (P2P) payments continue to gain popularity among consumers , with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains.

P2P 40

P2P Debit Card Law Enforcement Issuers 40