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. PayPal, as a whole, had some 242 customer accounts as of Dec. P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

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

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. Venmo Growth.

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

OCTOBER 5, 2017

Notable players in the FinTech P2P space include Square Cash and PayPal-owned Venmo, which has gained popularity for incorporating social media elements to appeal to younger consumers while helping users overcome the “ awkwardness of money ,” as the company likes to say. The Standalone Strategy.

Zelle 40

Zelle P2P Credit Union Venmo 40

PYMNTS

SEPTEMBER 17, 2018

This was not a payment going to a business bank account but to his personal account, which probably does double duty as his business bank account for all I know. Neither he nor his bank could figure out how to connect his account in order to accept my payment. He has a PayPal account, so that’s how I’ll pay him today.

Rules 78

Rules Zelle Payments PayPal 78

PYMNTS

JANUARY 31, 2019

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. PayPal posted $4.23 PayPal posted $4.23 PayPal had a similar revenue miss for the full year — with $15.45 Schulman also reported that 21 million merchants now accept PayPal.

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

MARCH 29, 2019

Around the Faster Payments World. Early Warning Service ’s Zelle appears to be taking off in the U.S. Over the past two years, demand for mobile and digital P2P payments has risen notably (to the point that many FIs now consider such services a must-have), said Fiserv ’s Jeff McCrory, director of product marketing.

Faster Payments 71

Faster Payments Zelle Instant Payments P2P 71

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. There’s also Zelle, debit accounts linked to Venmo or PayPal, and other competitors.

Direct Deposit 52

Direct Deposit Venmo PayPal Zelle 52

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). COVID Has Given a Permanent Boost to Real-Time Payments? How to Fight Real-Time Payments Fraud.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve FedNow 52

PYMNTS

DECEMBER 24, 2018

6: With Person-To-Person Mobile Tech. It’s been a year of P2P payment gains, and all signs point to even more growth in 2019. India-based Paytm, meanwhile, has started working on a facial recognition tool to enable digital payments. #8: 8: Via PayPal. Black Friday mobile payment volume increased 42 percent year over year.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

Payments Source

FEBRUARY 22, 2017

When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.

Venmo 60

Venmo Zelle Payments Faster Payments 60

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

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?

Venmo 42

Venmo Zelle P2P Fraud Prevention 42

Payments Source

JANUARY 12, 2018

Fast growth in use of the bank's instance of the person-to-person payments product indicates it could one day rival Venmo.

Venmo 63

Venmo Zelle Payments Product 63

PYMNTS

JULY 16, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Besides the PayPal story, coverage includes the latest on Zelle and Bank of America ‘s mobile efforts, and a new payments initiative from Citi. PayPal Leads Investment In PPRO.

Zelle 40

Zelle PayPal Correspondent Bank Correspondent 40

Payment Savvy

JULY 12, 2024

Mobile and Digital Wallets Digital wallets like PayPal, Apple Pay, and Google Pay simplify online transactions by securely storing payment information. PayPal PayPal is a well-known name in the free payment processing industry. Cons: Limited features compared to dedicated payment processors.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

PYMNTS

NOVEMBER 4, 2019

Recently released third-quarter financials show how this particular payment method is gaining traction. 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. Our 55-and-older customers are very active in Zelle,” Brandon said.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

JULY 23, 2018

And while one might argue that this is especially true in payments and commerce, there are usually events in any given week that even the most barely trained referees can call as wins, losses or impressive plays. And this week, Prime Day, Google and Zelle were the best candidates for wins, losses and score-equalizers on the week.

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

FICO

DECEMBER 14, 2016

Prediction: There will be no clear winner in the mobile payments wars. A plethora of payment apps emerged in 2016, further upping the already densely populated payments landscape. Consumers will likely not settle on a default payment app, even for person-to-person payments. Source: New York Times.

EMV 80

EMV FinTech Chip Cards Office of the Comptroller of the Currency 80

PYMNTS

MARCH 20, 2018

Last year, Fifth Third partnered with Zelle , a person-to-person mobile payments platform that competes directly PayPal, Square Cash and Venmo. to offer customers the ability to use all five major mobile payment methods to make purchases. So far, Fifth Third is one of only a handful of U.S.

ATM 40

ATM Zelle Venmo Debit Card 40

PYMNTS

DECEMBER 11, 2018

Speaking of cashierless checkout, that’s another building trend from 2018 that will carry over in a big way in 2019, Fodor said in the webinar, which served as an annual review and look ahead for payments and commerce from a First Data point of view. It’s a huge trend being driven by Venmo and Zelle ,” Fodor said.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

PYMNTS

MAY 4, 2017

Among the more popular players in the P2P space is Venmo, a mobile payment platform owned by PayPal. Earlier this year, Bank of America became the first major financial institution to introduce Early Warning’s Zelle into its mobile app as a way to compete with Venmo in the P2P space.

Faster Payments 41

Faster Payments Venmo Zelle P2P 41

FICO

DECEMBER 19, 2017

However, I (and most of my friends) have not yet jumped wholeheartedly onto the mobile payments bandwagon. Payment Apps Proliferate. If we do have to use a mag stripe card at a retailer that doesn’t accept mobile payments or chip cards, an alarm will go off in our heads as we recognize the potential security exposure.

Chip Cards 55

Chip Cards Venmo Payments Credit Cards 55

PYMNTS

APRIL 24, 2020

“We shouldn’t be touching anything,” said Richard Crone, CEO of mobile-payment research company Crone Consulting LLC, in a Bloomberg report. He expects contactless payments to gain an additional 10 percent to 20 percent of transactions at stores and at ATMs as the result of the coronavirus pandemic.

Contactless Payments 53

Contactless Payments Zelle Venmo Procedures 53

PYMNTS

JUNE 26, 2017

You’d have to type in your PayPal username and password, or you’d have to fill out your credit card info in the app.”. PayPal’s kit was far and away the winner on both app stores, with Square close behind on iOS and Cardio coming in second on Google Play. Now, paying is easier than ever before. Suddenly Venmo wasn’t looking so good.

Venmo 46

Venmo PayPal Credit Cards Zelle 46

PYMNTS

SEPTEMBER 3, 2018

Zelle Gains Ground On Venmo. In mid-July eMarketer officially predicted that bank-backed P2P service Zelle was on track to overtake PayPal -owned Venmo by the end of 2018. Zelle is projected to grow 73 percent this year and hit 27.4 PayPal’s Shopping Spree. million users in the U.S. more than Venmo’s 22.9

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

Finance Magnates

MARCH 26, 2023

In 2011, this question was asked on Quora , and I wrote my answer as follows : This is an excellent question and there are many companies who believe they are shaping this answer (predominantly, SWIFT, Visa, Mastercard, WesternUnion, PayPal, and a whole lot of mobile companies).

Cross-Border 52

Cross-Border Suspicious Activity Report (SAR) Money Laundering SARS 52

CB Insights

AUGUST 23, 2018

JPM began betting on payments a decade ago — and it hasn’t slowed down since. JPM is all-in on creating a prominent mobile payment system in the US. These features were the result of JPM’s investments in Zelle and Bill.com. The third component of Chase Mobile is its “stay informed” feature.

Consumer 76

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

PYMNTS

DECEMBER 7, 2017

Until recently, there was a tidal wave of Pays out to conquer digital with the power of mobile payments. That may have something to do with the fact that the vastly expanded payments services providers have almost all found out that it is a lot easier to launch a mobile payments scheme than it is to actually ignite it.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments Push-to-Card P2P 40

PYMNTS

SEPTEMBER 17, 2019

That perspective, along with the evolution of instant payments, shows that the catalyst for instant disbursements was P2P marketplaces, she said, as well as the upsurge of volume on platforms like Venmo and Zelle over the last three to five years.

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70

PYMNTS

APRIL 4, 2018

Meanwhile, freelance marketplaces like Fiverr and GigSalad allow service providers to get paid quickly through PayPal. Other players in the sharing economy are also introducing new tools to improve how payments are paid and split.

Tax Refunds 40

Tax Refunds Blocks Payment APIs and Integration Faster Payments 40

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 Wire 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 Wire 52

Clearly Payments

OCTOBER 31, 2024

Digital Wallets Overview : Digital wallets, or e-wallets, are mobile or online applications that store payment information, allowing users to pay without physical cards. Popular Providers : PayPal, Alipay, and Apple Pay lead the market, with PayPal alone reporting over 430 million active accounts worldwide as of 2023.

Online and Mobile Banking 87

Online and Mobile Banking RTP BNPL Debit Card 87

PYMNTS

SEPTEMBER 12, 2016

PayPal is making deft maneuvers in its efforts to quickly build and scale a global payments platform. We take a look at the recent goings on in PayPal’s ecosystem. PayPal is intent on being accepted as a method of payment at store checkouts throughout Mastercard’s and Visa’s mobile contactless payments systems.

PayPal 64

PayPal Online and Mobile Banking Visa Venmo 64

Clearly Payments

DECEMBER 3, 2023

Apple Pay: Mobile payment and digital wallet service (International). Apriva: Secure mobile payment processing solutions (United States). Authorize.Net: Widely used payment gateway for online merchants (United States). Ayden: Global payment company providing solutions for businesses of all sizes (International).

Payment Gateways 98

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 98