PYMNTS

SEPTEMBER 13, 2016

In the latest salvo by payments app Venmo , lobbed towards the big banks, the firm is debuting what Reuters terms a “major promotional campaign,” its first, gunning for a share of millennial wallets and mindshare. The Venmo promo campaign will run for two months, Reuters reported.

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Payments Dive

MARCH 14, 2017

Venmo has staked its claim as a verb, which says something about its ubiquity. Masterpass and Zelle? Not so much.

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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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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. However, an estimate from late last year projected that Venmo would have 22.9

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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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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.

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PYMNTS

APRIL 21, 2019

Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. Venmo is one of the FinTechs that have been able to garner widespread adoption.

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PYMNTS

OCTOBER 19, 2020

It is no wonder that payment apps like CashApp , Venmo and Zelle are used by more than 70 percent of Americans. Venmo users alone lost more than $40 million in 2018. Securing both of these risk avenues is a difficult undertaking that Zelle does not conduct alone. The Scams And Frauds Facing P2p Payment Apps.

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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

APRIL 10, 2018

Bill.com has implemented a strategy to make B2B payments more like Zelle or Venmo, removing the same pain points that those P2P apps do for consumer payments.

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Payments Source

OCTOBER 15, 2018

As Venmo does battle with Zelle and Square for consumers' P2P payments, one thing is clear: Innovation is not cheap.

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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.

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Zelle Venmo Retail Payments Checks 70

Payments Source

AUGUST 16, 2018

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

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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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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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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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Payments Source

DECEMBER 7, 2017

Apple Pay Cash is chasing peer transfer share in a maturing market, going up against long-established services like Venmo, Square Cash and the bank-powered Zelle.

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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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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 95

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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PYMNTS

OCTOBER 25, 2016

The Zelle instant payments network will start appearing as a mobile and digital payments option for consumers in a move that Reuters reported comes as financial firms in the United States make a bid to compete with Venmo and others firms. The firm said at Money20/20 that the Zelle offering will be offered across a single platform.

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Agile Payments

JANUARY 29, 2019

We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.

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Payments Source

DECEMBER 22, 2019

PNC Bank has made it more difficult for its customers to use Venmo, and although competition plays a role, the bigger issue is the expanding risks financial institutions face when sharing data with third parties.

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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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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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Payments Source

NOVEMBER 24, 2020

residents have in Venmo, Square Cash and Zelle. JoomPay Europe S.A. 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.

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PYMNTS

NOVEMBER 2, 2017

Zelle , the peer-to-peer (P2P) payments platform deployed by more than a dozen financial institutions to take on competing offerings like Venmo and Square Cash, is stepping into the world of corporate payments through a new offering by U.S. The bank announced news on Wednesday (Nov. The bank announced news on Wednesday (Nov.

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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 Venmo HIPAA-compliant? Is Venmo HIPAA-compliant?

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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

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

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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Tom Groenfeldt

MARCH 15, 2019

Visa and Mastercard offer real-time payments using debit card rails? Is this a solution staring us in the face?

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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. He said that the average Venmo transaction is about $50, and the average Venmo user transacts five times per week.

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