Payments Source

OCTOBER 30, 2017

The bank-powered P-to-P app Zelle officially launched in June with a mostly consistent brand across all of its bank partners, but it still struggles with awareness over PayPal's Venmo, which doesn't share its advantage of living inside banks' mobile apps.

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Zelle Venmo PayPal Mobile Payments 60

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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Zelle Volume Process Venmo 69

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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Zelle Payment Networks Process Venmo 61

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

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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Zelle Venmo P2P PayPal 42

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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Zelle Venmo P2P Privacy 40

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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Zelle Venmo PayPal Mobile Banking 60

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

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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P2P Zelle Venmo Debit Card 79

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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PayPal Zelle Venmo P2P 64

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

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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Zelle Small Business Business Payments P2P 50

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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Direct Deposit PayPal Wire Transfer Zelle 67

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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Venmo Zelle P2P Underwriting 51

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.

Digital Payments 98

Digital Payments Payment Solutions Direct Deposit Zelle 98

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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Venmo Zelle P2P Push-to-Card 75

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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Zelle Volume P2P Transactions 68

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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Venmo Zelle P2P Fraud Prevention 42

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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PayPal Venmo Zelle Volume 49

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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P2P Zelle Venmo RTP 49

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

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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Zelle Venmo PayPal 37

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

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

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.

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Venmo Zelle Payments Product 63

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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P2P Venmo Zelle Law Enforcement 46

FICO

DECEMBER 4, 2017

Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. For example, during the second quarter of 2017, the dollar value of mobile payments processed by PayPal rose 50% year over year , to about $36 billion. Peer-to-peer payments made with PayPal’s Venmo app more than doubled to $8 billion, year over year.

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Mobile Payments Zelle Online and Mobile Banking ATM 64

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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Zelle P2P Credit Union Venmo 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 87

FICO

MAY 1, 2020

I’m not big on reading tabloid confessions at the grocery checkout, but as a payments professional, I have a shocking admission to share: I am a late bloomer in adopting mainstream person-to-person (P2P) payment apps like Venmo, Cash App (owned by Square), Snapcash and a slew of others. Wash your hands. by Darcy Sullivan.

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P2P Venmo Online and Mobile Banking PayPal 69

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

PYMNTS

SEPTEMBER 21, 2020

Consider the fact that just a few years ago, alternative payment rails Zelle and Venmo didn’t even exist. That world was once dominated by PayPal , and I think we will begin to see it finally expand.”.

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Fraud Prevention AI Payment APIs and Integration Cross-Border 124

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.

Digital Payments 52

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

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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Zelle P2P Same Day ACH NACHA 40

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.

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Direct Deposit Venmo Non-Bank Payments 89