Payments News

On The Web

nbsp; nbsp;

Companies

Why Millennial Favorite Venmo Is Paypal’s Key to Future Success

“The possibilities are endless for Venmo, as it can be a payment option in any industry that has straightforward exchanges of money. Uber and Abercrombie & Fitch ANF are just two examples of Millennial-loved companies that Venmo has recently partnered with. These moves are part of a larger “Pay with Venmo” initiative, a long-term strategy to monetize Venmo. PayPal’s latest quarterly […]
nbsp;

Domains

Why Apple Pay Is the Highest-Rated Mobile P2P Payment Service

“In light of the quick rise of P2P—and its potential financial and privacy risks—Consumer Reports tested five mobile P2P services to see how they stacked up for user protections. In our first-ever test-based ratings of P2P mobile services, CR rated Apple Pay the highest overall, with excellent or very good marks in the key consumer-protection […]
nbsp; nbsp; nbsp; nbsp;

On The Wires

nbsp;

Domains

Holiday’s Most Wanted: Money

“Early Warning Services, LLC, the network operator behind Zelle, today released the results of its Holiday Survey. Scrooges and humbugs beware: the national survey found that nearly 50% of those surveyed plan to give money this holiday season, while the majority (58%) prefer to receive money as a gift. With Zelle, you can send and receive money with people […]
nbsp;

Companies

Zelle Network® Announces $32 Billion, 116 Million in Payments for Q3 2018

“During Q3 2018 (July – September), 116 million transactions took place on the Zelle Network® for a total of $32 billion in payments. Transaction volume increased 16% quarter-over-quarter (QoQ), and total money moved increased 13%. Financial Institution (FI) participants contributed to an enrollment increase of 10% QoQ, resulting in more than 75 million tokens—mobile numbers or email addresses— across the […]
nbsp;

Domains

More Financial Institutions Join Zelle Network via Fiserv

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that a growing number of financial institutions are enhancing their person-to-person (P2P) payment capabilities by joining the Zelle Network® via Fiserv. Bank of the West, Comerica Bank, Dollar Bank, Navy Federal Credit Union, and Zions Bancorporation, N.A. are among the most recent […]