PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. 6: With Person-To-Person Mobile Tech.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

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

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. billion using Zelle. billion in the third quarter of 2019 for U.S. 16), signaling the latest burst of growth for that payment method. During the quarter, consumers made 80.8 consumer cards.

Zelle 46

Zelle Online and Mobile Banking P2P Debit Card 46

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. users by year’s end, behind Zelle’s 27.4 Zelle Bank Gains. P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

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. Overall, consumers made 95 million payments worth $23.8

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

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

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. billion using Zelle. Average outstanding balances stood at $95 billion in the fourth quarter of 2019 for U.S. 15), marking the latest growth surge for that payment method.

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

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

APRIL 21, 2019

The aim is to announce the launch of the credit card in 2019, reported The Wall Street Journal. Competitor Zelle had payment volume of $35 billion in the fourth quarter. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

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

PYMNTS

MARCH 11, 2020

116 percent: Increase in consumers’ use of Zelle to send funds between 2018 and 2019. 29 percent: Share of 2019 fraud incidents issuing from stolen credentials. Data: 30K: Number of digital drivers’ licenses downloaded in Colorado to date. 17 percent: Share of GDP represented by healthcare costs.

Zelle 52

Zelle Credential Authentication Payment Security 52

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

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.”.

Zelle 61

Zelle Card Issuer Issuers Volume 61

PYMNTS

JANUARY 21, 2021

Consumers using the Zelle payments network (which BofA partly owns) sent and received 157 million transfers worth $43 billion overall. Citibank can now open accounts online in 50 countries and in the year 2020 it opened 14 million accounts digitally — a 200 percent increase over 2019.

Online and Mobile Banking 101

Online and Mobile Banking Credit Union Mobile Banking CBDC 101

PYMNTS

JUNE 26, 2019

That said, we are now at the six-month mark of 2019, and a new decade looms. Call it the sunsetting of the 2010s, an opportune time to preview everything from eCommerce to artificial intelligence (AI), from A to Z — here, we can term it APIs to Zelle.

Innovation 82

Innovation Zelle Ubiquitous Payments 82

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

JANUARY 1, 2021

Cross-border online sales in the United States as a share of total eCommerce surged by 40 percent in May compared to the same month in 2019, and the rate of growth was six times higher than in the previous month. There was another inconspicuous but remarkable dimension to these trends, however. Preventing Financial Crimes. Digital Identity.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

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

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

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 23, 2019

Venmo and PNC’s Spat Over Zelle . When they complained, text messages show that PNC Bank seems to have suggested thost users switch to bank-backed P2P payments system Zelle. PNC is part of the consortium of banks that own Zelle. In the world of modern financial services, those who hold the data have the power.

Venmo 52

Venmo Zelle Direct Deposit Federal Reserve 52

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. billion in 2019’s second period. Active digital-banking users likewise grew 5 percent to 39.3

Online and Mobile Banking 57

Online and Mobile Banking Zelle Debit Card Mobile Banking 57

PYMNTS

JANUARY 27, 2020

The IPO will try the demand of investors for money-losing firms after WeWork’s IPO fiasco in 2019, Reuters reported. IPO Boutique Senior Research Analyst Jeff Zell said, according to the report, “Valuations in the private market are currently under the microscope, especially with unicorns, as they attempt to tap the public markets.”.

Zelle 56

Zelle On-Demand Research 56

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

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.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

PYMNTS

JANUARY 13, 2020

For further evidence of the shift toward ones and zeros in payments rather than dollars and coins, Bank of America will likely show growth in Zelle P2P payments, where 38 million active digital banking users continue to live their financial lives on their devices. The filings show that total wealth management revenues stood at $1.1

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 13, 2020

For further evidence of the shift toward ones and zeros in payments rather than dollars and coins, Bank of America will likely show growth in Zelle P2P payments, where 38 million active digital banking users continue to live their financial lives on their devices. The filings show that total wealth management revenues stood at $1.1

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

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

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

DECEMBER 19, 2019

That’s one big takeaway from the December 2019 PYMNTS Disbursements Tracker, which notes the widening gap between instant money and the old world of paper-based payments. That figure pales in comparison to the $49 billion that passed through the Zelle P2P app in just Q3 2019 in nearly 200 million separate transactions.

Legal 52

Legal Settlement Checks Laws 52

PYMNTS

JULY 21, 2020

Major P2P apps like PayPal and Zelle do not have policies protecting users against losses from sending authorized payments to recipients who turn out to be scammers. This problem is widespread, as 53 percent of respondents in a 2019 survey said they had used P2P apps to send money to unknown sellers on bidding platforms like eBay.

P2P 60

P2P Scams Security Account Takeovers 60

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.

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 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

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

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