Zelle

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Who Wins the Battle of Venmo vs. Zelle vs. Cash?

When it comes time to pitching in on a restaurant tab or sending 20 bucks to a friend, cash is no longer king, at least with millennials. Mobile payments are everything now. But if you are deciding which app to download — which service is best, and which is safer? It turns out it depends […]

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Zelle, Venmo P2P Payments Race Gains Fresh Fuel in Q3

The third quarter proved more than kind to peer-to-peer (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. On Tuesday (Oct.

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The Zelle Argument

Some credit unions and also community banks are looking askance at some of the newer and faster payment solutions now launching. For person-to-person payments, there has been a vocal debate if Zelle is the right product for customers and members of smaller institutions.

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What’s the Best Mobile Payment Platform: Zelle, Venmo, Square or Apple Pay?

Digital wallets and P2P payments are fast becoming table stakes for banking providers that want to remain relevant with today’s digital consumers.

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Zelle No! Credit Unions Balk at Joining Bank-run P2P Network

Some credit unions won’t join the bank-operated Zelle P2P network – even as their members demand the service. Zelle doesn’t require a bank or credit union to participate in its network to allow it to receive funds; so even Zelle holdouts will see some activity on their accounts.

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Zelle Wants to Let You Pay Businesses, Too

Zelle, a Venmo-style app that lets consumers send money to friends, roommates and babysitters, is working on ways to ensure that customers can safely pay small businesses as well, according to people familiar with the situation. Zelle, backed by Bank of America Corp., JPMorgan Chase & Co.

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Zelle Wants to Let You Pay Businesses, Too

Zelle, a Venmo-style app that lets consumers send money to friends, roommates and babysitters, is working on ways to ensure that customers can safely pay small businesses as well, according to people familiar with the situation. Zelle, backed by Bank of America Corp., JPMorgan Chase Co.

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Snapchat Will Shut Down Snapcash, Forfeiting to Venmo

Snapcash ended up as a way to pay adult performers for private content over Snapchat, not just a way to split bills with friends. But Snapchat will abandon the peer-to-peer payment space on August 30th. Code buried in Snapchat’s Android app includes a Snapcash deprecation message that displays Snapcash will no longer be available after […]

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Zelle Forecast to Overtake Venmo This Year

Despite some concerns over its adoption by scammers, new payment service Zelle is shaping up to overtake rival Venmo this year, according to a new forecast from eMarketer. The firm expects Zelle to grow more than 73 percent in 2018, to reach 27.4 million users in the U.S., ahead of Venmos 22.9 million. Square Cash […]

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Zelle’s Bumpy Ride Toward Ubiquity

Zelle, the bank-led person-to-person payment network, is having growing pains. As of Tuesday, 100 financial institutions were enrolled and 19 were up and running. In the first quarter alone, 25 billion passed through the network in 85 million transactions.

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Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud

Last June, Early Warning introduced Zelle. It is built directly into each banks mobile app, making the system easy to use for customers or thieves who gain access to their accounts.The scale of the problem is hard to pinpoint, because Zelle is fairly new and banks do not report much data about it.

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