PYMNTS

APRIL 16, 2019

Consumer loans, on the other hand, were up 3 percent, while loans to businesses picked up 4 percent year on year – both of which drove increased revenue through higher U.S. BoA reported the Zelle person-to-person (P2P) payments service doubled year-on-year during Q1. million active Zelle users, 2.7 interest rates.

Zelle 61

Zelle Transactions P2P Mobile Banking 61

Payments Source

NOVEMBER 2, 2020

The person-to-person network is being used more often for purchasing, with consumer payments to small businesses up sharply.

Zelle 68

Zelle Volume Small Business Payments 68

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 million users in the U.S.

Zelle 50

Zelle Small Business Business Payments P2P 50

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.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

OCTOBER 23, 2019

In today’s payments news, Zelle ’s third-quarter results show that transaction volume increased by 73 percent. Zelle Transaction Volumes Hit $49B, Spike 73 Pct YOY. Zelle ’s Q3 results show that its year-over-year payment values rose by 58 percent, while transaction volume increased by 73 percent.

Zelle 40

Zelle Volume Transactions Instant Payments 40

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.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

JULY 17, 2019

Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method. During that quarter, consumers made 69 million payments worth $18 billion via Zelle. consumer cards. consumer cards.

Zelle 47

Zelle Online and Mobile Banking Debit Card Payments 47

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.

Zelle 40

Zelle Venmo P2P Privacy 40

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

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:

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

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. million U.S.

Zelle 43

Zelle Venmo P2P PayPal 43

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 But Zelle has leapfrogged the early stages of adoption by having the benefit of being embedded into the already existing apps of participating banks.”.

Zelle 43

Zelle P2P Venmo Volume 43

PYMNTS

JULY 9, 2018

Consumers can be an impatient bunch, and that becomes pretty clear when the conversation turns to insurance checks and other corporate disbursements. Today, Zelle has a direct connection to 143 banks, using the consumer’s mobile phone number as an alias to route funds to the appropriate bank account.

Zelle 43

Zelle P2P Debit Card Online and Mobile Banking 43

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. In the second quarter, P2P accounted for about 24 percent of total payment volume, Shulman said, up 21 percent from the same period last year. Zelle Growth.

Zelle 42

Zelle Venmo P2P PayPal 42

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. Trends in Debit Payments Debit card payments have long been payment method, offering a straightforward and secure method for consumers to access their funds.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

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.

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

PYMNTS

APRIL 13, 2020

and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. consumer, where spending was strong across cards, where auto loans remained resilient. Overall, consumers made 95 million payments worth $23.8 billion using Zelle.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

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. For example, Bank of America reported on Wednesday (Jan.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

JULY 16, 2018

Consumer loans were up 7 percent to $281 billion. Drilling down into the numbers, the company said its consumer banking revenue was $9.2 Credit card purchase volume gained 8.4 percent year over year, while debit card spending, as measured by volume, was up a bit more than 7 percent. billion, better than the $22.3

Zelle 42

Zelle Non-Bank Credit Cards Volume 42

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.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

APRIL 21, 2019

With digital payments starting to be adopted by consumers in the U.S., 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. Competitor Zelle had payment volume of $35 billion in the fourth quarter.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

PYMNTS

SEPTEMBER 12, 2019

That’s mainly due to the growth experienced by Venmo and its financial institution-centric counterpart Zelle. Zelle P2P payments are increasing. While year-over-year payment values increased by 56 percent, transaction volume increased by 71 percent. Consumer education has to teach you how to interact online.

P2P 61

P2P Zelle Payments Real Time Payments 61

Tearsheet

APRIL 22, 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. The significance of ‘payname’: Visa+ provides privacy to consumers through its paynames.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM is the first consumer bank to give free trades to all retail customers. These features were the result of JPM’s investments in Zelle and Bill.com.

Consumer 76

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

PYMNTS

DECEMBER 12, 2017

Faster and real-time payments are generally considered a benefit for the consumer payments world. Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

DECEMBER 8, 2020

But how consumers will get those payments — hundreds of millions of payments, covering hundreds of billions of dollars — well, that’s open to some discussion. Even in an ideal environment, where Zelle and RTP are on offer, some may default to that option). Stimulus payments are again in the headlines and on the horizon.

Consumer 73

Consumer Treasury Government Governance 73

PYMNTS

JANUARY 13, 2020

consumer and the sea changes tied to commerce, eCommerce, lending and credit. It would not be far-fetched to expect the consumer to chug along as the engine that drives the economy. With similar growth at Wells , credit and debit card purchase volumes were up mid-single digits in the period. Looking at Credit. Going Mobile.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 13, 2020

consumer and the sea changes tied to commerce, eCommerce, lending and credit. It would not be far-fetched to expect the consumer to chug along as the engine that drives the economy. With similar growth at Wells , credit and debit card purchase volumes were up mid-single digits in the period. Looking at Credit. Going Mobile.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

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.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

AUGUST 14, 2019

PayPal said that in Q2, Venmo’s total payment volume increased 70 percent year over year to 24 billion transactions in the quarter. “We Zelle Trends. Early Warning, the network operator of Zelle, also said that in the second quarter of 2019, “$44 billion was sent through the Zelle network on 171 million transactions.”.

P2P 49

P2P Zelle Venmo RTP 49

PYMNTS

MARCH 27, 2019

In a podcast with Karen Webster, Derek Swords, vice president of product management and electronic payments at Fiserv , pointed to the rise of Zelle , the P2P offering that logged $35 billion in payments volume in the fourth quarter of last year, up 61 percent year on year and 12 percent sequentially. The Trust Factor.

P2P 61

P2P Zelle Use Case Faster Payments 61

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. in addressable payment volume.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve FedNow 52

PYMNTS

MARCH 12, 2020

As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity. Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way banks and businesses operate themselves.

RTP 85

RTP Real Time Payments Zelle Faster Payments 85

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

AUGUST 19, 2019

The Apple Card rollout began last week through Goldman, and the analysts are already worried that the card and its features will be a bit of a dud with consumers, at least at first, which will lead to some rather underwhelming results for Apple’s tech and bank backers. Venmo Steps up Its Game Against Zelle. Apple’s Expensive Card.

Venmo 51

Venmo Zelle P2P Underwriting 51

Clearly Payments

DECEMBER 3, 2023

Affirm: Allows consumers to buy now and pay over time (United States). Zelle: Digital payments network (United States). Consider your business needs, target audience, and transaction volume when selecting the gateway that aligns best with your objectives. Adyen: Single platform for accepting payments globally (International).

Payment Gateways 105

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 105

PYMNTS

NOVEMBER 6, 2019

P2P payment network Zelle’s Q3 results show 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 in 196 million transactions. During the quarter, consumers made 80.8 Older Consumers as Growth Drivers.

P2P 42

P2P Zelle Venmo Debit Card 42