Payments Source

MARCH 4, 2019

The bank-run Zelle P2P network was designed without the social media-esque touches that made Venmo a hit among millennials. And as one might expect, half of all new P2P users are 45 and older.

Zelle 84

Zelle P2P Venmo Mobile Payments 84

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

Zelle 50

Zelle Small Business Business Payments P2P 50

Payments Source

JANUARY 29, 2018

While Zelle is working hard to become the Venmo for grown-ups, it is also pushing into retail payments, particularly in opportunities for displacement of cash and check and where funds are needed in minutes rather than days or weeks.

Zelle 70

Zelle Venmo Retail Payments Checks 70

The Paypers

JUNE 15, 2018

(The Paypers) eMarketer has revealed that Zelle will overtake Venmo in peer-to-peer (P2P) mobile payments in the US in 2018.

Zelle 39

Zelle P2P Mobile Payments Venmo 39

Payments Source

AUGUST 16, 2018

Zelle is working on ways to ensure that customers can safely pay small businesses as well.

Zelle 63

Zelle Venmo Small Business Mobile Payments 63

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

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 It handled a total of $75 billion in P2P payments in 2017. million users in the U.S.

Zelle 43

Zelle P2P Venmo Volume 43

Payments Source

JUNE 12, 2017

This morning the bank owned P-to-P network, Zelle, is formally going live, enabling direct transfer of funds across thirty U.S. There are a lot of questions around whether it can compete with the current kings of P-to-P — Venmo and its parent company PayPal — but Zelle may not be aiming to take them head-on just yet.

Zelle 60

Zelle Venmo PayPal Mobile Banking 60

FICO

DECEMBER 4, 2017

Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. Mobile Payments Proliferate.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

FEBRUARY 20, 2019

He also said that PayPal’s mobile payment service Venmo — still focused on its partnership model — and digital payment peers are unlikely to be negatively affected by weak holiday sales and a global macro-economic slowdown. In contrast, Zelle transactions occur about once a month and the average transaction is $250.

PayPal 87

PayPal Digital Payments Venmo Zelle 87

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

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.

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P2P Zelle Venmo Consumer 85

Payments Dive

DECEMBER 19, 2017

Mobile Payments Today takes a look at the top blog posts in 2017.

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Zelle Venmo Mobile Payments Posting 68

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. billion during the first half of 2017. The Standalone Strategy.

Zelle 40

Zelle P2P Credit Union Venmo 40

PYMNTS

NOVEMBER 27, 2020

Companies attempting to more transparently view their cash flows can no longer afford to spend time processing paper checks, and their use of digital payment tools has thus inched upward. The hunt for faster payment experiences among all users is generating a spike in interest in real-time payments.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

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. million payments worth $20.8 Instant Payment Innovations.

P2P 42

P2P Zelle Venmo Debit Card 42

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. Venmo was up 64 percent year on year, said management. That’s not all.

P2P 40

P2P Zelle Venmo Consumer 40

Payment Savvy

JULY 12, 2024

Pros: Widely recognized and trusted by customers Easy to set up and use Offers additional features like invoicing and recurring payments Cons: Fees for business transactions Funds can be held for various reasons Venmo Venmo, a subsidiary of PayPal, is popular for peer-to-peer payments. Integrates with Google services.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

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

FICO

APRIL 29, 2022

Will Zelle Join Apple Pay, GooglePay and Credit Cards at Point of Sale? For the options available at point of sale (POS), along with credit cards and a host of “-Pay” apps, consumers may soon have another choice on the check-out screen at US retailers: Zelle. Zelle is one of the country’s most widely used money transfer services.

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

PYMNTS

MARCH 30, 2020

Nearly half of the nation’s employees are willing to accept nontraditional payment methods, such as mobile payments, digital platforms or pay cards, according to research by ADP, the New Jersey provider of human resources management software and services.

Direct Deposit 52

Direct Deposit Venmo PayPal Zelle 52

PYMNTS

MAY 4, 2017

Among the more popular players in the P2P space is Venmo, a mobile payment platform owned by PayPal. While Venmo has become a popular service for friends and family members to quickly exchange money, it soon will be getting more competition from more established financial players. million P2P transactions totaling $1.2

Faster Payments 41

Faster Payments Venmo Zelle P2P 41

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

PYMNTS

MAY 16, 2019

When we start looking at banks as a whole, the products are commoditized – everyone has Zelle , everyone’s got a checking account, everyone’s got credit cards and loans,” he said. What we always forget is, what’s behind that payment? Members of Generation Z] have mobile payments [in] virtually every app they’re using,” Salama said.

Zelle 55

Zelle Venmo Payments Checks 55

PYMNTS

JANUARY 31, 2019

Venmo got a strong shout out as well, with the volume of Venmo transactions hitting $19 billion, growing by 80 percent in Q4. That put PayPal, as a whole, ahead of bank-backed Zelle (which reported payment volume of $35 billion for the December period earlier this week), though that left Venmo notably trailing.

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Venmo PayPal Volume Zelle 58

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

APRIL 13, 2020

Mobile has quickly become the backbone of consumers’ financial lives as well, with a recent survey finding that 79 percent of U.S. consumers now use mobile payment apps. Millennials are among the top financial app users: 94 percent of surveyed millennials use P2P apps like Venmo and Zelle.

Innovation 93

Innovation B2C B2B P2P 93

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 Debit Card Venmo 40

PYMNTS

JUNE 28, 2018

A little more than one third – or 35 percent – of FIs plan to focus on peer-to-peer (P2P) payments over the next three years. With Zelle projected to overtake Venmo , for example, eMarketer expects the payment service to grow more than 73 percent this year. The firm is projecting that Zelle will reach 27.4

Zelle 43

Zelle Online and Mobile Banking Real Time Payments Non-Bank 43

Payments Source

FEBRUARY 2, 2018

To pitch their payments system of the future, U.S. banks hired Daveed Diggs, an actor best known for playing Thomas Jefferson and Marquis de Lafayette in the Broadway musical "Hamilton.".

Venmo 62

Venmo Payments Zelle Mobile Payments 62

Payments Source

FEBRUARY 1, 2018

For financial institutions to match Venmo and Apple Cash's power, they need an embedded, mobile and social payment strategy, write Richard Crone and Heidi Liebenguth of Crone Consulting.

Venmo 71

Venmo Consulting Payments Strategy Payments 71

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

SEPTEMBER 3, 2020

For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control. Payments can have a social component, he said, where divvying up a dinner bill can be done through Venmo or Zelle or other peer-to-peer (P2P) options.

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

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

FICO

JANUARY 31, 2018

There are three categories of payment that see value transferred instantly, or at least very quickly but are NOT real-time payment schemes: Person-to-person payments , such as Venmo and Dwolla. Facilitated payment mechanisms , such as Zelle.

Real Time Payments 59

Real Time Payments Payments Settlement Zelle 59

PYMNTS

DECEMBER 24, 2019

Peer-to-peer (P2P) payment services are stretching their wings, heading into the new decade with mostly robust growth — and even some new plans to gain customers and keep a tight hold on existing consumers. Venmo also offers an example of P2P expansion. 4: An Increasing Number Of Devices. . #7: 7: During Daily Routines. devices.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

JUNE 26, 2017

Or if Venmo required users to enter their credit card number every time they wanted to transfer funds to a friend to cover the dinner bill? These services have changed the way people do business and live their lives, but if they couldn’t take digital payments without a hitch, nobody would want to use them anymore.

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Venmo PayPal Credit Cards Zelle 46