This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Consumer Venmo Zelle 
PYMNTS
DECEMBER 16, 2019
In one example, PNC Bank clients stated that they were unable to connect accounts to Venmo , the payment service owned by PayPal. And according to tweets from PNC, the bank has suggested that those Venmo users switch to Zelle, the payments offering that is run by Early Warning Systems, in turn owned by a consortium of banks — including PNC.
69 
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.
71 
PYMNTS
OCTOBER 23, 2018
The third quarter proved more than kind to peer-to-peer (P2P) payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth.
58 
PYMNTS
APRIL 21, 2019
Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. With digital payments starting to be adopted by consumers in the U.S.,
76 
Tearsheet
APRIL 22, 2024
At the time, Visa+ outlined plans to make the service widely available to Venmo and PayPal users in the US by mid-2024. Expanding on last year’s announcement, the recent development marks the official [consumer] launch of the service with inaugural partners PayPal, Venmo, and DailyPay.
98 
Payments Source
OCTOBER 15, 2018
As Venmo does battle with Zelle and Square for consumers' P2P payments, one thing is clear: Innovation is not cheap.
68 PYMNTS
APRIL 24, 2019
Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the company said in a news release. This past quarter Zelle achieved several milestones toward our goal of nationwide ubiquity,” said Lou Anne Alexander, group president of payments solutions at Early Warning.
61 
PYMNTS
OCTOBER 16, 2020
Fighting these threats requires an equally wide range of defenses, says Jamie Armistead, Zelle vice president. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.
89 
PYMNTS
OCTOBER 25, 2016
The Zelle instant payments network will start appearing as a mobile and digital payments option for consumers in a move that Reuters reported comes as financial firms in the United States make a bid to compete with Venmo and others firms. The newswire said Monday (Oct.
68 
PYMNTS
JULY 17, 2018
The Q2 earnings season has just kicked off, and it’s already helping shedding light on recent developments in the peer-to-peer (P2P) world — most notably, the shape of the ongoing competition between Zelle and Venmo. The good news about Zelle came earlier this week when Bank of America (BoA) released its second-quarter financials.
40 PYMNTS
JULY 26, 2018
Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole.
42 
PYMNTS
OCTOBER 23, 2018
The third quarter proved more than kind to P2P payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Zelle Enrollment Boost.
43 
PYMNTS
OCTOBER 8, 2020
Consumers love the opportunity to get paid instantly when they can. But with innovation comes risk — and anything that consumers use will always attract fraudsters looking to steal a cut of the action. . There is nothing Venmo can do to stop a consumer from willingly sending their money to a crook,” Edwards said. .
122 
Payments Source
NOVEMBER 24, 2020
is launching a person-to-person payment app throughout Europe that it says will give consumers an instant money transfer tool similar to what U.S. residents have in Venmo, Square Cash and Zelle. JoomPay Europe S.A.
85 
PYMNTS
AUGUST 16, 2018
Zelle , the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering to enable customers to pay small businesses. Zelle is backed by Bank of America, JPMorgan Chase and other banks. The firm is projecting that Zelle will reach 27.4 more than Venmo’s 22.9
50 Payments Dive
SEPTEMBER 28, 2017
It was a small sample size, but participants at a consumer panel at last week's Bank Customer Experience Summit in Chicago revealed their preferences for mobile P2P services.
76 
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 ).
79 
PYMNTS
AUGUST 19, 2019
There is lots of motion in the markets, with Apple officially moving into the world of being a card issuer (with mixed reviews), Venmo making moves on the bank account and Google Pay breaking up with Visa Checkout as a payments button. Venmo Steps up Its Game Against Zelle. Apple’s Expensive Card. the company said.
51 
PYMNTS
NOVEMBER 27, 2020
Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. Friction points that once proved to be minor nuisances have become legitimate financial challenges, especially for consumers and smaller businesses.
PYMNTS
JUNE 15, 2018
With Zelle projected to overtake Venmo , eMarketer expects the payment service to grow more than 73 percent this year. The firm is projecting that Zelle will reach 27.4 more than Venmo’s 22.9 The news comes a few months after Zelle said that close to 100,000 customers sign up for the payment app on average each day.
43 
PYMNTS
AUGUST 25, 2016
Can the biggest banks in the United States catch up to the millennial-beloved Venmo with their own P2P payments app? They’re sure hoping so and are putting their product, reportedly called Zelle, out for public consumption in October. Why choose Zelle for a name — other than the obvious Zelle-on-Earth puns?
42 
Fintech Finance
SEPTEMBER 13, 2024
With ClaimsPay, Slide policyholders will now have the flexibility of choice for their inbound claim payment, including traditional direct deposits and popular consumer payment platforms such as PayPal, Venmo, and Zelle.
PYMNTS
APRIL 9, 2019
The rise of fast-acting payment solutions is changing the way businesses and governments issue payments to consumers and citizens. The new solution enables PayPal businesses and consumers to instantly transfer funds from their bank accounts, instead of waiting a day for funds to arrive. Around the World of Disbursements.
75 
Clearly Payments
AUGUST 24, 2024
By 2023, it was estimated that 67% of global consumers had used a digital wallet, with debit cards being the most commonly linked payment method. In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year. World Bank data indicates that global remittances reached $794 billion in 2023.
105 Payments Source
OCTOBER 10, 2017
With Apple’s WWDC, Zelle, PayPal’s Venmo and Square Cash, and competition in the consumer payments space is about to kick into high gear, writes Josh Hawkins, vice president of marketing for the Boston-based digital payments company Circle.
62 
PYMNTS
SEPTEMBER 18, 2017
Venmo launched a debit card powered by Shift Financial, Equifax tried to shift some blame for its horrific breach and Nordstrom decided to transition to a store design without inventory. Venmo’s New Debit Groove. First up was the announcement that Venmo is testing a free debit card linked to users’ accounts.
46 PYMNTS
JANUARY 18, 2019
Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method. Venmo already offers a comparable service and is popular with their user base.
63 
PYMNTS
FEBRUARY 27, 2017
Walmart showed some early results to goose the gas on eCommerce, which is starting to help the company gain some ground back on Amazon; Zelle is now open for business and coming for Venmo; and Alibaba made its latest big brick-and-mortar play. Zelle Is Officially Out There. And Venmo’s base is almost inordinately fond of it.
40 PYMNTS
OCTOBER 5, 2017
In recent years, several FinTechs have gained popularity with consumers by offering the ability to quickly and electronically send money to friends and other contacts. According to recent reports, Venmo users alone transferred approximately $14.8 billion during the first half of 2017. The Standalone Strategy.
40 
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.
40 
PYMNTS
AUGUST 14, 2019
Venmo Trends. In case you missed it, it seems PayPal-owned Venmo has added another option for instant transfer of money to a bank account, according to a blog post by the company earlier this week (Aug. As for Venmo, it keeps growing, according to the latest financials from the second quarter of 2019. Zelle Trends.
49 
PYMNTS
SEPTEMBER 21, 2020
And consumers want to pay with their preferred methods, across cards or digital wallets. That information can include whether consumers are authenticated and where the point of sale is located. Consider the fact that just a few years ago, alternative payment rails Zelle and Venmo didn’t even exist.
124 
PYMNTS
SEPTEMBER 3, 2020
Cash will always have a place among consumers — but its use is dwindling. Only 26 percent of all consumer payments are made in the U.S. with cash — and consumers are even starting to ditch plastic cards. Consumers should have the option to choose how they want their discounts, he said — whether in points or through other means.
104 
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
Payments Source
SEPTEMBER 29, 2020
Processing transactions quickly enough to serve digital commerce comes with arduous upgrades and complicated choices, but that's only the stick. The carrot is people like faster payments, so there's plenty of opportunities to boost payment revenue.
129 
FICO
APRIL 29, 2022
There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Other changes are centered on the challenges of bank and ATM closures limiting consumer access to cash. Scammers Exploit Zelle and Cryptocurrencies.
FICO
DECEMBER 4, 2017
Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. In the 35 or so years since banks were trying to convince consumers to use newfangled automated teller machines, ATMs — and consumer — have gotten a lot more sophisticated. It’s no secret that consumers are moving quickly to embrace mobile payments.
PYMNTS
OCTOBER 4, 2017
When today’s consumers need something, they expect to get it right away. Businesses and consumers can also use the newly launched same-day ACH service to make last-minute bill payments. Seeking P2P Payments Domination, Zelle Seeks to Deliver Instant Gratification. billion during the first half of 2017.
40 
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. So, how will consumers (and some businesses) pay? #1:
83 
PYMNTS
APRIL 13, 2020
The demand for mobile disbursements comes as more consumers rely on their smartphones for their financial needs. Mobile disbursements have obvious appeal among consumers, 71 percent of whom want choice in how they receive their funds. consumers now use mobile payment apps. The Mobile Disbursements Landscape.
93 
PYMNTS
OCTOBER 3, 2016
The new iteration has GPS and is waterproof, appealing more to fitness-conscious consumers. Citibank has officially joined the Zelle (formerly known as clearXchange) partnership — the team of banking rivals that already includes Wells Fargo, JPMorgan Chase, Bank of America, and U.S.
64 
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.
46
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content