P2P payments app Zelle saw a 60 percent jump in volume during the 4th quarter, 40 percent of which came...
There is a brewing war in the p2p payments space with Venmo and Zelle battling over who is the leader;...
Banks have clearly jumped in on the p2p payments wave as many have embraced Zelle, which launched with a consortium...
Zelle is hoping to grow their B to C payments by more than 10 percent in 2018; the company already...
A new study by J.D. Power says midsize banks should be using email a lot more when communicating with customers;...
According to new data from the Federal Reserve mobile payments have seen a big growth among consumers but fraud has also risen; the shorter clearing period looks to have opened banks on the Zelle network to more potential for fraudulent transactions; Zelle has been using multi-layer and multi-factor authentication during the enrollment process; as banks look to innovate to suit their customer needs they are also looking at newer ways to protect themselves against threats that are evolving just as quick. Source.
According to TechCrunch, scammers are using Zelle to take advantage of customers; a seller of a product who is attempting to defraud customers will ask a customer to pay using Zelle instead of PayPal; many users are not aware that Zelle does not provide some of the same buyer protections that PayPal has been known for; Zelle is more similar to Venmo for transferring money to those you trust. Source
In Austin last week American Banker hosted their annual Digital Banking Conference where banks of all sizes gathered to discuss...
Zelle, the banking p2p payments app, saw an 84 percent jump in year over year growth with Bank of America; the app saw over 68 million transactions in 2017 through their Bank of America partnership; Zelle recently started a marketing campaign to provide more exposure to the brand as many users might not realize they are using Zelle since it is integrated with their banking app. Source.
Square’s Cash App, PayPal’s Venmo and Zelle have all reached out to the government to lend a hand in getting...