Visa Direct Is The Engine Behind Zelle and Venmo
#Visa and Mastercard offer real-time payments using debit card rails? Is this a solution staring us in the face?
Financial Technology
Tagged: Zelle Toggle Comment Threads | Keyboard Shortcuts
-
user
-
user
Fiserv Gets Revenue Boost from Zelle
#Zelle made a difference to the bottom line of financial #technology provider #Fiserv, the company reported on its earnings call yesterday. “P2P transactions, including Zelle, grew nearly 30%,” according to Fiserv CFO Robert Hau. It was also noted that several #banks — Fiserv serves some 13,000 financial institutions &8212; saw a #boost in transactions due […]
Bank Innovation -
user
Provident Bank to Join Zelle Network Next Month
#Provident Financial Services will be implementing the #Zelle P2P payment system “later this year,” according to CEO Chris Martin on the #bank’s 2Q18 earnings call yesterday. However, Provident Bank director of marketing Rob Capozzoli told Bank Innovation in June that it plans to roll out Zelle in August. Capozzoli did not provide a specific date for the August […]
Bank Innovation -
user
Zelle Crosses 100-Million Mark in Transactions Processed
Like other P2P apps, bank-backed #Zelle also experienced an increase in its payment volume in the second quarter, but at a relatively less impressive rate than PayPal’s Venmo. Zelle released a report yesterday showing that it had #processed 100 million #transactions totaling $ 28 billion in the second quarter ending on June 30. The average Zelle transaction […]
Bank Innovation -
user
Google Pay Inches Toward Venmo and Zelle with Bill-Splitting, Other New Features
#Google Pay took another step closer to P2P rivals #Venmo, #Zelle, and Square Cash by introducing a bill-sharing and splitting service today. The new feature, one among several, arrived as Google combined its P2P app (Google Pay Send, which is no more) with Google Pay, its general payments app. Google has shuffled its payments apps several […]
Bank Innovation -
user
Zelle and Insurance on the Roadmap for BBVA Compass’s Mobile App
PREMIUM – The #mobile app is at the top of most #banks’ digital strategy. This is especially true for José “Pepe” Olalla, head of business development at #BBVA Compass, the U.S. subsidiary of the Spanish bank BBVA S.A. At BBVA Compass all innovation initiatives fall under Olalla’s business development department. And among the various innovation […]
Bank Innovation -
user
Credit Unions Move (Slowly) Toward Zelle
PREMIUM – Millennials have Venmo, #banks have #Zelle, but what’s the P2P payments preference for #credit #unions? It’s not that credit unions cannot connect to the bank-backed (and bank-owned) payments system that is Zelle. In fact, credit unions like America First Credit Union and Mountain America Federal Credit Union are already connected to Zelle’s platform. […]
Bank Innovation -
user
Zelle Passes on a POS Solution, For Now
#Zelle is not working on a point-of-sale payments #solution right now. “Zelle moved $ 25 billion last quarter,” said Norm Marraccini, vice president of product management and marketing, digital payments at FIS. “When are we going to see Zelle at the point-of-sale?” Marraccini pointed out that Venmo’s payment volume for that quarter was less than half […]
Bank Innovation -
user
Zelle Processes $25B in Payments After Reports of Fraud
P2P payment provider #Zelle processed $ 25 billion in #payments during the first quarter of 2018, the service reported yesterday, a more than 15% increase from last quarter. While this seems to be a good deal higher than the payment volume of its competitor service, Venmo (owned by payments company, PayPal), these statistics come #after several […]
Bank Innovation -
user
SunTrust CIO Talks Zelle, Lending, and Innovation
EXCLUSIVE— The new chief information officer for #SunTrust will focus on expanding partnerships, client experiences, and moving forward with the bank’s digital roadmap, Scott Case, now the bank’s CIO, told Bank #Innovation. In practice, that means focusing more on the bank’s mobile offerings, growing LightStream (the bank’s online #lending platform), and building out its tech …Read More
Bank Innovation
Reply