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. For the full year 2018, total P2P volume increased 49 percent to about $149 billion.

Venmo 71

Venmo P2P Zelle PayPal 71

Tearsheet

MARCH 21, 2024

Recently Zelle said that it is on track to reach the $1 trillion payment volume mark this year, and now Stripe is stating that it too has crossed the $1 trillion in payment volume benchmark. Stripe’s annual letter also states that its payment volume rose by 25% in 2023. It seems like $1 trillion is the new hot number.

Volume 59

Volume Payments Cross-Border Cross-Border Payments 59

PYMNTS

APRIL 13, 2020

As reported by the Financial Times over the weekend, joint estimates by Oliver Wyman and Morgan Stanley predict that even with rapid economic recovery seen within six months, profits would decline by 100 percent in 2020 as compared to 2019. billion using Zelle. and the U.K., Increasingly Digital.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

Tearsheet

MARCH 21, 2024

Recently Zelle said that it is on track to reach the $1 trillion payment volume mark this year, and now Stripe is stating that it too has crossed the $1 trillion in payment volume benchmark. Stripe’s annual letter also states that its payment volume rose by 25% in 2023. It seems like $1 trillion is the new hot number.

Volume 52

Volume Payments Cross-Border Cross-Border Payments 52

PYMNTS

APRIL 21, 2019

The aim is to announce the launch of the credit card in 2019, reported The Wall Street Journal. For its fourth quarter, Venmo posted an 80 percent increase in transaction volume, reaching $19 billion. Competitor Zelle had payment volume of $35 billion in the fourth quarter.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

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

AUGUST 6, 2020

billion for its second quarter 2020 — a jump of 129 percent from Q2 2019 — Fiserv President and CEO Frank Bisignano said Wednesday (Aug. billion in the comparable 2019 period. Reporting revenues of $3.47 5), “We demonstrated the strength and resilience of our business model during the quarter.”. billion and 231 percent to $1.92

Zelle 61

Zelle Card Issuer Issuers Volume 61

PYMNTS

AUGUST 19, 2019

Venmo Steps up Its Game Against Zelle. 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. Who will come out ahead in the rapidly intensifying digital P2P foot race between Zelle and Venmo? the company said.

Venmo 51

Venmo Zelle P2P Underwriting 51

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). As it happens, there’s a lot more happening in the real-time payments arena than just PayPal, Venmo and Zelle.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

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

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 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 31, 2019

billion for the quarter, up 28 percent, and that total payment volume (TPV) was up 26 percent year on year to $164 billion. Schulman noted that the goal for the end of 2019 is to have 300 million active accounts. He then moved on to other metrics. For example, payment transactions totaled 2.9 In all, the firm added 13.8

Venmo 58

Venmo PayPal Volume Zelle 58

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. Going Mobile. billion for the quarter that ended Sept.

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. Going Mobile. billion for the quarter that ended Sept.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

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. Mastercard and Visa’s Defensive Moves. Looking Ahead. What lies ahead? Perhaps more of the same.

Cross-Border 76

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

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

FICO

MAY 1, 2020

Nevertheless, as I recently showed my parents how to use Zelle — a method I do use, through my bank’s mobile app — I wondered, “How can my parents, and all consumers, protect themselves from fraudulent P2P activity on their checking accounts? The Wall Street Journal reports , “Neither Square nor Venmo parent PayPal Holdings Inc.

P2P 69

P2P Venmo Online and Mobile Banking PayPal 69

PYMNTS

OCTOBER 29, 2019

Released last week , Zelle’s Q3 results show that its year-over-year payment values rose by 58 percent, while transaction volume increased by 73 percent. During the quarter, $49 billion was sent through the Zelle Network on 196 million transactions. percent say they would prefer to be paid this way. Specifically, 38.2

Instant Payments 40

Instant Payments Tax Refunds Debit Card Real Time Payments 40

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.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

OCTOBER 13, 2017

Spend across credit and debit cards was roughly flat in terms of transaction count, though purchase volume values increased at mid-single-digit percentages. Company-wide, Wells Fargo said it was targeting $4 billion in annual expense reductions by 2019. Active card accounts were flat year-over-year at 7.8

Credit Cards 40

Credit Cards ATM Zelle Debit Card 40

FICO

JULY 28, 2021

increase in volume and a 10.8% 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.

NACHA 52

NACHA ACH Scams Account Validation 52

CB Insights

AUGUST 23, 2018

JPM has established a new focus on retail investing with the introduction of its app, Just Invest, and reported launch of its own robo-advisor in 2019. 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.

Consumer 76

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

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

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. Venmo’s volume was up 78 percent year on year, and was $17 billion in the period.

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