PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. It is also notable that 50 percent of Zelle’s users are ages 45 and older. percent during Q3 2020.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

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

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

DECEMBER 12, 2017

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. Zelle , could be an unexpected focus of corporate payments’ role in payments acceleration.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

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. That’s not to be rude or unfair to such payments recipients.

P2P 61

P2P Zelle Payments Real Time Payments 61

PYMNTS

AUGUST 19, 2019

Venmo Steps up Its Game Against Zelle. But Venmo faces active and aggressive competition in the form of bank-backed P2P payments service Zelle. 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.”.

Venmo 51

Venmo Zelle P2P Underwriting 51

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. billion using Zelle — and that number is expected to grow as we head into the 2020s.

P2P 42

P2P Zelle Venmo Debit Card 42

PYMNTS

JULY 23, 2018

And this week, Prime Day, Google and Zelle were the best candidates for wins, losses and score-equalizers on the week. 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.

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

APRIL 5, 2018

Just over 80 percent — or 82 percent — of surveyed financial institutions (FIs) anticipate SDA debit volume will grow at a rapid or steady rate in next six to nine months. The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months. Previous surveys also found this to be the case.

Economy 43

Economy Zelle Same Day ACH P2P 43

PYMNTS

MARCH 12, 2020

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. As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity.

RTP 85

RTP Real Time Payments Zelle Faster Payments 85

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. “It

P2P 61

P2P Zelle Use Case Faster Payments 61

PYMNTS

OCTOBER 29, 2020

Along with this surge in digital payments’ volume has come a growing demand for seamless payment experiences. It allows providers to pivot quickly to meet varying demands without needing to undergo extensive software refits for each new development. trillion by 2023. How Cloud Innovations Augment Business Payments.

Automation 85

Automation B2B Payments Fraud Detection 85

PYMNTS

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. Demand is there, pent up, for greenfield opportunities to bring speed and digitization to payments across a range of use cases. Separately, Visa Direct debuted in the U.K.

Checks 66

Checks Real Time Payments Faster Payments B2C 66

PYMNTS

OCTOBER 30, 2019

New payment technology, such as Venmo , Zelle and virtual currencies such as bitcoin or other new payment method preferences by consumers, could reduce the general population’s need or demand for cash and negatively impact our transaction volumes in the future,” the company wrote in the filing. million the year before to $351.5

ATM 40

ATM Zelle Venmo Adjustments 40

PYMNTS

MARCH 2, 2018

New payment technology, such as Venmo , Zelle and virtual currencies such as bitcoin or other new payment method preferences by consumers, could reduce the general population’s need or demand for cash and negatively impact our transaction volumes in the future,” the company wrote in the filing.

Risk 44

Risk P2P Zelle Cryptocurrency 44

PYMNTS

OCTOBER 29, 2019

Released last week , Zelle’s Q3 results show that 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 on 196 million transactions. The insurance industry is especially out of touch with consumer demand.

Instant Payments 40

Instant Payments Tax Refunds Debit Card Real Time Payments 40

Payment Savvy

MAY 16, 2023

Instant ACH transfers have gained prominence as they cater to the increasing demand for expedited financial transactions. Instant ACH Transfer Apps Peer-to-peer apps like Zelle and Venmo can be used as alternatives to traditional ACH transfers for instant money transfers.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

Clearly Payments

APRIL 9, 2024

Fintech is driving a mindset shift in the industry in several ways: Customer Focus Takes Center Stage: The success of fintech underscores the growing demand for a customer-centric approach. Another area fintech looks to compete is the removal of “unnecessary” middlemen which would speed up processes and reduce fees.

Finance 90

Finance FinTech Online and Mobile Banking Payment APIs and Integration 90

PYMNTS

MAY 27, 2020

He noted that P2P payment volume moving across Zelle exploded, taking mere weeks to top what had previously been annual volumes. He noted that P2P payment volume moving across Zelle exploded, taking mere weeks to top what had previously been annual volumes. Digital-Only Players Take The Stage.

FinTech 94

FinTech Online and Mobile Banking Innovation FDIC 94

FICO

MARCH 27, 2017

NACHA provides a roundup of interesting statistics : Consumer demands and expectation will continue to drive the speed of payments faster. NACHA provides a roundup of interesting statistics : Consumer demands and expectation will continue to drive the speed of payments faster. And in the best case, they can teach us invaluable lessons.

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40

PYMNTS

MARCH 19, 2019

Each segment of the payments ecosystem must grapple with the fact that money is moving globally, and that, as Massaro put it, “tens of billions of dollars a year scale and volume is Utopia — and it’s what everybody wants.”. As estimated by U.K. Mastercard and Visa’s Defensive Moves. Looking Ahead. What lies ahead? Perhaps more of the same.

Cross-Border 76

Cross-Border Push-to-Card Use Case Payments 76

PYMNTS

MAY 22, 2018

This is without friction, and where consumers, borrowers and businesses receive funding 24/7, in the ways they want and on demand. And there was no volume … until the U.S. That last mile, when it comes to on-demand, is ‘my choice,’” she said, and it moves beyond the vagaries of ACH, where holidays can mean no payments. “I

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

DECEMBER 11, 2018

percent of businesses innovate to meet demand to use new payment methods, with 43.6 While blockchain may not make the biggest payments splash in 2019, P2P transactions will continue to gain users and payments volume, Fodor said. 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

JUNE 29, 2018

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails. “We see really high adoption of virtual cards.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

SEPTEMBER 3, 2018

The CFO said it is “not a demand-generating” tool like Grubhub but is focused instead on POS integration. The CFO said it is “not a demand-generating” tool like Grubhub but is focused instead on POS integration. The Top 10 List retired with David Letterman in May of 2015. Most agree: It won’t be much. percent on the day. A few things.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

JULY 9, 2018

That was the subject of a recent PYMNTS interview with Drew Edwards, CEO of instant money network Ingo Money , and Lou Anne Alexander, group payments president of the bank-owned Early Warning , which itself owns the digital P2P payments network Zelle. Ingo Money is focused on real-time corporate disbursements. Disbursement Variety.

Zelle 43

Zelle P2P Debit Card Online and Mobile Banking 43

PYMNTS

MARCH 18, 2019

The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. The Fed also said NACHA needed to open their decision to public comment, even though NACHA said a third processing window was “overwhelmingly approved” by FIs on Sept. No date has been given for that process.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

NOVEMBER 18, 2020

Edwards added that such demands aren’t coming from a few off places. That steadily rising drumbeat of demand has inspired a new partnership that Ingo and Mastercard announced Wednesday (Nov. That steadily rising drumbeat of demand has inspired a new partnership that Ingo and Mastercard announced Wednesday (Nov. Better Together

Instant Payments 87

Instant Payments Treasury Visa Payments 87

PYMNTS

DECEMBER 24, 2018

The ongoing deployment of real-time payment technology is helping to meet such demands while bringing payment infrastructure further in the digital age. More generally, 36 percent of consumer own six or more devices, and you can bet that percentage will grow in the near term. #2: 2: With Their Voices. 3: Via Automatic Payments.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

JANUARY 13, 2020

With three in the rearview mirror over the past year, demand for loans was likely there, as mortgage rates remained low. With similar growth at Wells , credit and debit card purchase volumes were up mid-single digits in the period. consumer and the sea changes tied to commerce, eCommerce, lending and credit. Looking at Credit.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 13, 2020

With three in the rearview mirror over the past year, demand for loans was likely there, as mortgage rates remained low. With similar growth at Wells , credit and debit card purchase volumes were up mid-single digits in the period. consumer and the sea changes tied to commerce, eCommerce, lending and credit. Looking at Credit.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

Tearsheet

SEPTEMBER 19, 2024

It’s where customers want convenience, autonomy, and trust but many of the players today have not been able to meet their demands. The friction between a customer and a purchase has gone down, but the same cannot be said for when customers want to disengage from services like a subscription.

Posting 52

Posting Issuers Consumer Disputes 52

FICO

NOVEMBER 2, 2018

As volumes of account-to-account consumer payment transactions grow — such as person-to-person (P2P) transfers made via Zelle, which is forecast to take over Venmo in 2018 — so does the opportunity for fraudsters to exploit demand deposit accounts (DDA). Consortium Data Speeds Model Adoption and Efficacy.

Real Time Payments 40

Real Time Payments Demand Deposit Account (DDA) Payments P2P 40

PYMNTS

SEPTEMBER 17, 2019

The concept is both incredibly simple and incredibly intuitive: Offer customers 24/7 access to good funds on demand, however and wherever they want them. But delivering on that concept — and providing instant push payments on demand — is far from simple. Consumers live in a real-time world. Ubiquity, then, becomes a function of choice.

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70

CB Insights

SEPTEMBER 10, 2019

Between retirement savings, house savings, emergency fund savings, and student loan debt — not to mention day-to-day expenses like housing, groceries, and healthcare — millennials have more demands on their financial attention than any previous generation. get the REPORT on next generation investors. more likely than baby boomers and 1.5x

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

PYMNTS

SEPTEMBER 30, 2016

Then Uber Puppies – where pups from local animal shelters were delivered on demand to offices in need of a pup pick-me-up. In a very uncharacteristic move, an Appeals Court Judge overturned an earlier decision that would allow merchants to tender steer away from Amex to other cheaper forms of payments. Platforms On Top Of Platforms.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

PYMNTS

AUGUST 12, 2019

The combination of employee/employer demand for innovations in this area and innovators with the vision to build products on top of those cheap networks will only continue to create solutions that close the paycheck-to-paycheck funds gap for workers – whether they are working full-time or gig-time.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78