PYMNTS

NOVEMBER 25, 2020

Peer-to-peer (P2P) payment apps have become particularly appealing to consumers during the COVID-19 pandemic, with P2P app Zelle reporting rises in the number of transactions and transactions’ values in recent months. 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

MARCH 18, 2019

Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. TCH is the association of the 25 largest banks in the U.S., On its website, TCH also says RTP is the system that “all federally insured U.S. In the U.S.,

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

AUGUST 19, 2019

Venmo Steps up Its Game Against Zelle. Venmo is using the JPMorgan connection to the TCH RTP rails to enable the instant account-to-account transfer option. PayPal-owned Venmo hit 40 million active users in Q1 of 2019. But Venmo faces active and aggressive competition in the form of bank-backed P2P payments service Zelle.

Venmo 51

Venmo Zelle P2P Underwriting 51

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. With over 150 U.S.

Real Time Payments 68

Real Time Payments RTP Payroll P2P 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. The Clearing House (TCH) has its Real-Time Payments (RTP) network, and the Federal Reserve is promoting its FedNow platform, which has yet to be released.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56