PYMNTS

JULY 28, 2020

That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo. But as usage patterns shifted dramatically, something was equally visible on the Venmo platform.

Venmo 104

Venmo PayPal Direct Deposit Push-to-Card 104

Stax

APRIL 23, 2024

TL;DR Nearly 93% of Americans receive payments through direct deposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. Many small businesses choose ACH operators because they are more convenient than most direct deposits.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

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.

Zelle 42

Zelle Venmo P2P PayPal 42

Stax

SEPTEMBER 17, 2024

ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

MARCH 30, 2020

And the pandemic appears to be accelerating the shift from paper checks and direct deposit to more flexible electronic payments such as PayPal and DailyPay, CNBC reported. And while direct deposit remains the dominant form of payment at 80 percent, nontraditional payment methods have been making inroads.

Direct Deposit 52

Direct Deposit Venmo PayPal Zelle 52

PYMNTS

MAY 13, 2019

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 ). Venmo, meanwhile, stood out as one of the best bits of news from PayPal’s Q1 earnings. According to eMarketer , nearly 80 million U.S. P2P Partnerships.

P2P 79

P2P Zelle Venmo Debit Card 79

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. Eight percent would be even more willing if such deposits came through in minutes.

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

PYMNTS

DECEMBER 23, 2019

Over P2P payments, security at the gas station point of sale (POS) and even over direct deposits, there were a lot of moving parts last week that apparently had some issues moving in tandem. Venmo and PNC’s Spat Over Zelle . Plaid is a data aggregator that connects apps including Venmo to financial institutions.

Venmo 52

Venmo Zelle Direct Deposit Federal Reserve 52

PYMNTS

JUNE 29, 2020

With the Wealthfront mobile app, customers with direct deposit can get paid up to two days early, as well as set up direct deposit for other payments like a tax refund or company expenses.

Accounts 60

Accounts Direct Deposit Tax Refunds FinTech 60

Stax

JULY 9, 2024

P2P payments, such as Venmo, PayPal and the Cash App, are popular among consumers. An ACH credit is commonly used for transactions like receipt of direct deposit payments. Now, they’re increasingly being used by businesses as well, facilitated by apps such as Venmo, PayPal, and the Cash App.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

CB Insights

AUGUST 2, 2018

From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. Below, we breakdown how six non-bank fintechs — Square, Venmo, PayPal, Acorns, SoFi, and Stash — are creating new digital products and their strategies for enticing customers to sign up.

Debit Card 71

Debit Card Checks Accounts FinTech 71

Nanonets

APRIL 8, 2024

Examples include direct ACH payments for utility bills, to a friend as an alternative to wire transfers, and to your credit card company to pay your monthly statement. Other apps: A range of mobile payment processing apps give on-the-go flexibility and ease of use, including Venmo, PayPal , and CashApp.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

PYMNTS

APRIL 12, 2019

Consumers use Venmo and Zelle to quickly settle shared expenses between friends, and they know the money will arrive in their bank accounts within a few minutes — or even seconds. Consumers can receive disbursements in many ways — via direct deposit, debit card, prepaid card and P2P services — but many are not given options.

Zelle 43

Zelle P2P Venmo Direct Deposit 43

PYMNTS

FEBRUARY 13, 2020

Yet, even as they wield mobile devices to conduct all manner of daily activities, there’s room for a bit of human touch as the financial journeys get more complicated — as these younger customers move beyond Venmo, and start considering the finer points of taking out a mortgage. Uber comes to mind, he told Webster, as does PayPal.

Online and Mobile Banking 92

Online and Mobile Banking Venmo Direct Deposit Deposit Account 92

Stax

JUNE 27, 2024

They’re mostly used to process direct deposits and payments. Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. ACH is also the technology behind most peer-to-peer money transfer services in the US, including Paypal, Zelle, Cash App, and Venmo.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

OCTOBER 4, 2017

PayPal-backed platform Xoom, for example, recently launched a new service that quickly processes high-value remittance transactions, a feature that could help Indian citizens living overseas quickly transfer money back home to family and friends. Seeking P2P Payments Domination, Zelle Seeks to Deliver Instant Gratification.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

MAY 22, 2018

According to PYMNTS’ own research, 82 percent of customers make use of direct deposit , while 96 percent of consumers say they are dissatisfied with checks. For the Ingo and Visa Direct relationship, bill pay is on the horizon (allowing for bill payments in real time), and the firms are eyeing cross-border payments as well.

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

Payment Savvy

NOVEMBER 8, 2022

The main types of EFT include banking, mobile banking (such as Venmo, Stripe, and Paypal), digital wire transfers, and transferring between bank accounts. For example, if you are transferring funds through Paypal, the funds will show in the recipient account within seconds of transferring. Direct Deposit.

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

Nanonets

APRIL 29, 2024

While limited in some respects, users can send invoices or payment requests directly to customers and clients and get paid via PayPal, credit/debit card , ACH, Apple Pay, and even Venmo. QuickBooks Payments lets vendors and business owners alike streamline payment processing directly in-app. Beyond that, you’ll pay $0.50

ACH 52

ACH Online and Mobile Banking Returns Void 52

PYMNTS

OCTOBER 16, 2017

Notable players in the space include eBates and Checkout 51, both of which offer to deliver cash back earnings to shoppers by issuing paper checks (or disbursement through a PayPal account, for eBates users). considerably lower than other payment options including instant credit, direct deposit and cash.

Checks 40

Checks Venmo Credit Cards Consumer 40

PYMNTS

JANUARY 2, 2017

Britt said the average Chime direct deposit user logs on to the app on a daily basis to stay on top of their finances. We have seen the rise of PayPal, Venmo, Alipay, and now, in parts of the world, alternative payments are preferred over credit cards,” said Hull.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

APRIL 26, 2018

There was a lot going on during PayPal ’s quarterly earnings report yesterday (April 25), as the original “Pay” player managed to beat analyst expectations nearly across the board and even forecast a better-than-expected result for the rest of the year. PayPal does not want to be a bank. “I

Financial Inclusion 51

Financial Inclusion PayPal Underserved Push-to-Card 51