Tearsheet

APRIL 22, 2024

At the time, Visa+ outlined plans to make the service widely available to Venmo and PayPal users in the US by mid-2024. Expanding on last year’s announcement, the recent development marks the official [consumer] launch of the service with inaugural partners PayPal, Venmo, and DailyPay. This gap prompted the launch of the Visa+ service.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

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.

Zelle 60

Zelle Venmo PayPal Mobile Payments 60

PYMNTS

APRIL 21, 2019

Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. Competitor Zelle had payment volume of $35 billion in the fourth quarter. The value “of Venmo and the network effects on core PayPal are clearly coming into play.”.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

PYMNTS

NOVEMBER 25, 2019

PayPal and Discover have joined forces to allow customers to use the credit card’s Cashback Bonus or Miles to buy things through PayPal, according to a Monday (Nov. Our customers loved seeing PayPal added to this year’s categories in the 5% Cashback program. 25) press release. .

PayPal 60

PayPal Zelle Online and Mobile Banking Enrollments 60

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

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.

Direct Deposit 67

Direct Deposit PayPal Wire Transfer Zelle 67

PYMNTS

DECEMBER 16, 2019

In one example, PNC Bank clients stated that they were unable to connect accounts to Venmo , the payment service owned by PayPal. And according to tweets from PNC, the bank has suggested that those Venmo users switch to Zelle, the payments offering that is run by Early Warning Systems, in turn owned by a consortium of banks — including PNC.

Venmo 69

Venmo Zelle Blocks End User 69

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.

Zelle 68

Zelle Volume P2P Transactions 68

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.

PayPal 64

PayPal Zelle Venmo P2P 64

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 million users in the U.S.

Zelle 50

Zelle Small Business Business Payments P2P 50

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

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. On Tuesday (Oct.

Zelle 43

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. PayPal hopes to spark more P2P growth, and via Venmo specifically, through various new deals and features. retailers that accept PayPal. Zelle Growth.

Zelle 42

Zelle Venmo P2P PayPal 42

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 Marketing. P2P Impacts.

P2P 79

P2P Zelle Venmo Debit Card 79

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

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

PayPal 49

PayPal Venmo Zelle Volume 49

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

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.

Zelle 37

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. Walmart’s Winning Results. It processed $17.6

Zelle 40

Zelle Venmo Online and Mobile Banking P2P 40

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

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.

Venmo 75

Venmo Zelle P2P Push-to-Card 75

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

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.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

SEPTEMBER 17, 2018

Zelle hadn’t yet reached this small bank, and the instructions for how to enable that deposit weren’t clear enough for he or his bank to navigate. He has a PayPal account, so that’s how I’ll pay him today. Or to buff up PayPal. The outcome, however, using PayPal , is more certain for both the sender and the receiver.

Rules 78

Rules Zelle Payments PayPal 78

PYMNTS

APRIL 30, 2018

Zelle’s Security Blues. Zelle, according to some reports, has hit a bit of a security speed bump as stories emerged that hackers have used the service to clean out users’ bank accounts. The main problem at hand, according to the NYT report, is that Zelle does not always notify customers when money is transferred.

Zelle 40

Zelle FTC Federal Trade Commission P2P 40

PYMNTS

AUGUST 14, 2019

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. PayPal said that in Q2, Venmo’s total payment volume increased 70 percent year over year to 24 billion transactions in the quarter. “We

P2P 49

P2P Zelle Venmo RTP 49

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.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

MARCH 29, 2019

Early Warning Service ’s Zelle appears to be taking off in the U.S. At present, about 5,100 FIs offer Zelle. Around the Faster Payments World. Similarly, in Europe, EBA Clearing ’s RT1 system for real-time consumer and business payments appears to be taking off.

Faster Payments 71

Faster Payments Zelle Instant Payments P2P 71

PYMNTS

AUGUST 19, 2019

Venmo Steps up Its Game Against Zelle. PayPal-owned Venmo hit 40 million active users in Q1 of 2019. But Venmo faces active and aggressive competition in the form of bank-backed P2P payments service Zelle. Venmo added its newest instant money feature this week: instant transfer to a bank account, according to a blog post.

Venmo 51

Venmo Zelle P2P Underwriting 51

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.”. Ranta noted that new payment rails are taking root in the States and abroad, with announcements like The Clearing House ’s RTP system.

Fraud Prevention 124

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.

Digital Payments 52

Digital Payments Zelle Venmo Debit Card 52

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.

Instant Payments 59

Instant Payments FedNow RTP Zelle 59

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

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). As it happens, there’s a lot more happening in the real-time payments arena than just PayPal, Venmo and Zelle.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve FedNow 52

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

EBizCharge

MARCH 18, 2024

Is Zelle HIPAA-compliant? Zelle is not HIPAA-compliant. Is PayPal HIPAA-compliant? PayPal is not HIPAA-compliant. Is Zelle HIPAA-compliant? Zelle is not HIPAA-compliant. Is PayPal HIPAA-compliant? PayPal is not HIPAA-compliant.

Venmo 52

Venmo Zelle Identity Theft Privacy 52