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Visa’s Caution Toward Libra; Zelle’s Everyday-Payments Inroads; Discover Payment Volume up 8%
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Forget the Rent. Zelle Starts to Claim More Everyday Transactions
The Zelle peer-to-peer payments network is starting to click for the smaller, everyday transfers it was designed to handle. Early Warning Services LLC, the Scottsdale, Ariz.-based banking-technology company that runs the 2-year-old network, reported on Tuesday that Zelle handled $44 billion in volume in the second quarter on 171 million …
Read More »LG Pay Finally Launches; Eye On the Point of Sale; Zelle Blossoms for BofA
Zelle Blossoms for BofA and other Digital Transactions News briefs from 7/17/19
Bank of America Corp. says it has 8 million active users of the bank-backed Zelle person-to-person payment service and that it handled 69 million Zelle transactions in the second quarter, nearly double the 35.2 million transactions a year earlier. BofA had 5.4 million Zelle users in the 2019 first quarter. …
Read More »TSYS Touts Vital POS; $39 Billion in Zelle P2P Payments; KeyBank Issuing Contactless Cards
Zelle Posts $39 billion in P2P Payments on a 72% Transaction Increase
The bank-sponsored Zelle person-to-person payment service continued on its growth trajectory in the first quarter, with transaction volume up more than 70% and payment volume rising more than 50%. Zelle provider Early Warning Services LLC reported Wednesday that first-quarter payment volume hit $39 billion, a 54% increase from just over …
Read More »BofA’s Zelle Volume Doubles; CardFlight Enters the Smart POS Market; Payroc’s Surcharge Program
Bank of America’s Zelle Transaction Volume More Than Doubled in the First Quarter
The Zelle person-to-person payments service continues to boom for one of its biggest participants, Bank of America Corp., where transaction volume more than doubled in the first quarter. BofA reported Tuesday that its customers sent or received 58.1 million Zelle transactions via email addresses or mobile-phone numbers, up 103% from …
Read More »Gift Transactions on Zelle Prompt Chase to Roll Out Gift Cards for Mobile And Digital Users
A surge in gift transactions on the Zelle person-to-person payment network has led JPMorgan Chase & Co. to roll out a feature allowing its mobile users to send digital gift cards. The new service, announced Monday, is available now for both mobile and online customers and enables more than 60 …
Read More »POS Malware Strikes Again; 29% Choose A Check To Pay Taxes; Another Bank Adds Zelle
