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TSYS Touts Vital POS; $39 Billion in Zelle P2P Payments; KeyBank Issuing Contactless Cards
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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
Another Bank Adds Zelle and other Digital Transactions News briefs from 4/1/19
Huntington Bank launched the Zelle peer-to-peer payments service on its mobile and online banking service. Payment Data Systems Inc. said its FiCentive subsidiary will provide its Akimbo commercial prepaid Mastercard-branded cards to the Bowen Center, a behavioral-health company. Zapt, an on-demand platform that lets customers schedule household moves, said it …
Read More »Say Goodbye to Microsoft Wallet; Zelle Transactions Jump 75% in 2018; TNS Buys R2G Services
Zelle’s 2018 Transactions Jump 75%, While It Moved $119 Billion in P2P Payments
Zelle, the peer-to-peer payments service, had a banner 2018 with $119 billion in payments on 433 million transactions processed via its network of banks. That is a 58.7% increase in payments from 2017’s total of $75 billion and a 75.3% increase in transaction volume from 247 million. The increases were …
Read More »Fiserv To Acquire First Data; New PCI Software Standards; BofA’s Zelle Volume Booms
