PYMNTS

AUGUST 10, 2020

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. Reducing Costs. Numerous factors can make outdated payments infrastructure costly on the back end, too.

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

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

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. About a fifth, by comparison, had used Venmo for gambling. The payment receiver may not be connected with a bank that has integrated with Zelle. P2P Growth.

P2P 46

P2P Venmo Zelle Law Enforcement 46

PYMNTS

DECEMBER 23, 2019

Venmo and PNC’s Spat Over Zelle . The most notable example, according to reports , are allegations from PNC Bank clients that they were unable to connect accounts to Venmo , the payment service owned by PayPal. PNC is part of the consortium of banks that own Zelle. The Rising Tide of POS Attacks at Gas Stations .

Venmo 52

Venmo Zelle Direct Deposit Federal Reserve 52

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

FICO

AUGUST 26, 2021

“Do you Zelle?” It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). The second most popular app, Venmo, was used by 14% of consumers in 2020. P2P real-time transactions.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

PYMNTS

JANUARY 31, 2019

Schulman noted that the goal for the end of 2019 is to have 300 million active accounts. Venmo got a strong shout out as well, with the volume of Venmo transactions hitting $19 billion, growing by 80 percent in Q4. For the year, nearly $62 billion changed hands on the Venmo platform. In all, the firm added 13.8

Venmo 58

Venmo PayPal Volume Zelle 58

FICO

MAY 1, 2020

I’m not big on reading tabloid confessions at the grocery checkout, but as a payments professional, I have a shocking admission to share: I am a late bloomer in adopting mainstream person-to-person (P2P) payment apps like Venmo, Cash App (owned by Square), Snapcash and a slew of others. Wash your hands. by Darcy Sullivan.

P2P 69

P2P Venmo Online and Mobile Banking PayPal 69

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

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. Notification is now in 65 countries, and MoneyGram is targeting an additional 100 in the current year.

Point-of-Sale (POS) 73

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

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.

Process 64

Process Payment APIs and Integration Treasury Automation 64

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 Other Doors.

P2P 53

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

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. This is partly because companies may not be aware of instant payments: 42 percent of consumers received instant disbursements in 2019, but 51.6

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

FICO

FEBRUARY 18, 2020

In this blog I’ll reprise the product strategy version of the convergence story, which I recently presented at FICO World 2019, introduced as “brought to you by the letter ‘C,’ as in ‘convergence.’” (I could see the Cookie Monster fans smiling in the audience.). Convergence Is Complex. What are the money inflows? What are the outflows?

Financial Crimes 52

Financial Crimes Crime Product Authentication 52

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

FICO

NOVEMBER 7, 2022

Tue, 07/02/2019 - 02:45. Senator Elizabeth Warren, (D-MA) pointedly asked him about the number of fraudulent transactions Chase was seeing on the P2P payment platform Zelle. On one side, there are regulators concerned about the perceived growth of scam losses through popular P2P payments apps like Zelle, Venmo and CashApp.

Scams 52

Scams Authorization P2P Zelle 52

PYMNTS

AUGUST 14, 2019

Many workers expect to be able to receive pay through the same digital payment channels they use as consumers, like PayPal and Zelle. . The QSR industry typically employs a younger crowd, with roughly 63 percent of surveyed 2019 restaurant workers between the ages of 16 and 25. Driving Uptake .

Zelle 43

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

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. as of January 2019. months into 2019.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

CB Insights

SEPTEMBER 10, 2019

It had over 2M users as of July 2019. In June 2019, the company announced that it had raised $110M to introduce complete banking services to its customers. As of March 2019, Betterment is the largest independent online financial advisor in the United States, with $16B under management from 400,000 accounts.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

FICO

JULY 28, 2021

increase in dollar value over 2019. Additionally, ACH internet transactions rose 15% from 2019 to 2020. There are person-to-person payments via Venmo, Zelle, and a host of other services; payments via ApplePay, SamsungPay and more; as well as an increasing number of ACH transactions. increase in volume and a 10.8%

NACHA 52

NACHA ACH Scams Account Validation 52

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

FICO

NOVEMBER 30, 2022

Tue, 07/02/2019 - 02:45. By convincing individuals to send money through apps like Venmo, CashApp, Zelle and others, or adding a payee for traditional ACH transactions, fraudsters are perpetuating what is known in the financial industry as Authorized Push Payment (APP) fraud (in the UK) or authorized user fraud (in the US).

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

PYMNTS

OCTOBER 26, 2018

The pilot will run through the end of the year, with the data being reviewed in the early part of 2019. PayPal and Venmo are gaining traction, as Zelle saw 15 percent growth quarter over quarter to 116 million transactions in Q3, worth $32 billion. and globally, though an official timeline has not been set. percent last year, 1.2

Office of the Comptroller of the Currency 53

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

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. percent innovating to improve business analytics.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

PYMNTS

DECEMBER 24, 2019

For the annual holiday exercise at PYMNTS (describing the 12 main or most exciting ways to pay in 2019), it is clear that what has happened this year will have big implications for the new decade. Here are the 2019 payment trends that made the biggest splash, and promise to make even bigger splashes in the new decade. #1: Take the U.S.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

FEBRUARY 13, 2020

Such payments are also popular with businesses, as 250 million of these transactions were expected to have been sent by the end of 2019. Apps such as Apple Pay, Venmo and Zelle can support instant disbursements, Rossiter said, and their security measures make them intriguing.

Direct Deposit 52

Direct Deposit ACH Checks P2P 52

PYMNTS

OCTOBER 11, 2018

The app that got famous for its disappearing messages is looking like it will either need to raise a some capital by sometime in 2019 or run the risk of going broke, according to a note by MoffettNathanson. Snapchat , according to recent reports , is having cash flow troubles.

Push-to-Card 72

Push-to-Card P2P Zelle Rules 72