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.

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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.

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Zelle Venmo P2P PayPal 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. 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.

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PYMNTS

JANUARY 24, 2019

Zelle, traditional banks’ answer to Venmo and Paypal, continues to grow in usage, not only with customers but with banking institutions as well, according to reports. Zelle’s operator, Early Warning Services, reported a Q4 payment volume of $35 billion, which is up 12 percent from Q3 and 61 percent from a year before.

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PYMNTS

APRIL 24, 2019

Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the company said in a news release. This past quarter Zelle achieved several milestones toward our goal of nationwide ubiquity,” said Lou Anne Alexander, group president of payments solutions at Early Warning.

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PYMNTS

FEBRUARY 20, 2019

In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will come into that size, noting, “That’s sort of the market — total adjustable market — we’re playing into.” The interview touched on competition between Zelle and Venmo, and the PayPal CEO said that there are differences in how the platforms are used.

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PayPal Digital Payments Venmo Zelle 87

Fintech Finance

SEPTEMBER 13, 2024

With ClaimsPay, Slide policyholders will now have the flexibility of choice for their inbound claim payment, including traditional direct deposits and popular consumer payment platforms such as PayPal, Venmo, and Zelle.

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Digital Payments Payment Solutions Direct Deposit Zelle 98

PYMNTS

OCTOBER 16, 2020

Fighting these threats requires an equally wide range of defenses, says Jamie Armistead, Zelle vice president. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.

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Zelle P2P Scams Financial Crimes 89

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.

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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

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Payments Source

AUGUST 12, 2019

As the competition mounts to increase adoption rates for person-to-person payment apps, PayPal's Venmo is adding a way for users to quickly move money from the app to their bank account.

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Venmo Accounts PayPal Payments 73

PYMNTS

AUGUST 19, 2019

There is lots of motion in the markets, with Apple officially moving into the world of being a card issuer (with mixed reviews), Venmo making moves on the bank account and Google Pay breaking up with Visa Checkout as a payments button. Venmo Steps up Its Game Against Zelle. Apple’s Expensive Card. the company said.

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ACI Worldwide Blog

OCTOBER 9, 2023

Over the last 50 years, consumer spending habits have surged through the use of credit and debit cards and, more recently, the introduction of real-time payments and other alternative payment forms such as PayPal, Zelle and Venmo.

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Digital Payments Zelle Venmo Debit Card 52

ACI Worldwide Blog

OCTOBER 9, 2023

Over the last 50 years, consumer spending habits have surged through the use of credit and debit cards and, more recently, the introduction of real-time payments and other alternative payment forms such as PayPal, Zelle and Venmo.

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Digital Payments Zelle Venmo Debit Card 52

EBizCharge

MARCH 18, 2024

FAQs regarding HIPAA-compliant payment apps FAQs regarding HIPAA-compliant payment apps Is Venmo HIPAA-compliant? Venmo is not HIPAA-compliant. Is Zelle HIPAA-compliant? Zelle is not HIPAA-compliant. Zelle is not HIPAA-compliant. Is PayPal HIPAA-compliant? PayPal is not HIPAA-compliant.

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Venmo Zelle Identity Theft Privacy 52

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.

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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 ). During Q1 2019, Zelle sent $39 billion through its network via 147 million transactions, the company said in a news release. P2P Partnerships. P2P Marketing.

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PYMNTS

JANUARY 29, 2019

A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. The question going into tomorrow’s earnings report is will PayPal go 4/4? PayPal Q3 results have set expectations high. Payments transactions were 2.5

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PYMNTS

OCTOBER 8, 2018

PYMNTS research found that 51 percent of full-time gig workers prefer to be paid via PayPal , which outranked all other forms of payment, including direct deposit. The Ubiquity (And Certainty) Of PayPal. However, the same can’t be said of PayPal. Until that changes, it’s likely that the preference for PayPal will remain.

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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?

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PYMNTS

AUGUST 14, 2019

Venmo Trends. In case you missed it, it seems PayPal-owned Venmo has added another option for instant transfer of money to a bank account, according to a blog post by the company earlier this week (Aug. As for Venmo, it keeps growing, according to the latest financials from the second quarter of 2019. Zelle Trends.

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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 The news comes a few months after Zelle said that close to 100,000 customers sign up for the payment app on average each day.

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Zelle P2P Venmo Volume 43

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. Zelle Zelle is a digital payment network that works directly with many major US banks.

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Debit Card Online and Mobile Banking Payments Zelle 52

PYMNTS

OCTOBER 3, 2016

Citibank has officially joined the Zelle (formerly known as clearXchange) partnership — the team of banking rivals that already includes Wells Fargo, JPMorgan Chase, Bank of America, and U.S. Bancorp, among others, representing the big banks’ best hope of stealing some of PayPal/Venmo’s P2P thunder.

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PYMNTS

FEBRUARY 27, 2017

Walmart showed some early results to goose the gas on eCommerce, which is starting to help the company gain some ground back on Amazon; Zelle is now open for business and coming for Venmo; and Alibaba made its latest big brick-and-mortar play. Zelle Is Officially Out There. And Venmo’s base is almost inordinately fond of it.

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Zelle Venmo Online and Mobile Banking P2P 40

Clearly Payments

AUGUST 24, 2024

In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year. The Rise of P2P Platforms P2P money transfer platforms such as PayPal, Venmo, Cash App, and Zelle have seen exponential growth in recent years. World Bank data indicates that global remittances reached $794 billion in 2023.

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Debit Card P2P Cross-Border Central Bank 82

The Paypers

OCTOBER 24, 2016

(The Paypers) US biggest banks have announced Zelle at Money20/20 , a money-transfer app backing by them, that will compete against PayPal, Venmo and Square Cash.

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The Fintech Times

MAY 7, 2024

The existence of Zelle , Venmo , Cash App , PayPal and other wallet services has dampened US Banks’ appetite for implementing instant payments, with 50 per cent feeling a lot or significant impact. “Many banks see Zelle as doing a good enough job, but Zelle only solves part of the instant payment puzzle.

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Instant Payments FedNow RTP Zelle 57

Tearsheet

JANUARY 30, 2024

In the run-up to the scheduled release of the final quarter results for 2023, PayPal last week unveiled upgrades to its services, including AI-driven personalizations and checkout experiences for both merchants and consumers. It’s something PayPal has been working on for a while.

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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. About a fifth, by comparison, had used Venmo for gambling. The payment receiver may not be connected with a bank that has integrated with Zelle. P2P Growth.

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Payments Source

OCTOBER 23, 2018

The Zelle network processed 116 million transactions during the July-September 2018 timeframe with a total value of $32 billion in payments.

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PYMNTS

NOVEMBER 4, 2019

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. In addition, Early Warning Services, the network operator behind Zelle, announced that $49 billion was sent through the Zelle network on 196 million transactions during Q3 2019.

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PYMNTS

APRIL 9, 2019

The new Disbursements Tracker highlights recent efforts by businesses, banks and government agencies to improve payment practices by delivering on consumers’ speedy expectations, and how th e rise of peer-to-peer (P2P) services like Venmo and Zelle are raising the disbursements bar. Around the World of Disbursements.

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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.

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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.

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Real Time Payments Zelle Federal Reserve FedNow 52

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.

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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.

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Venmo PayPal Volume Zelle 58