Zelle, the person-to-person payments service from bank-owned Early Warning Services LLC, added ACI Worldwide, CGI, D3 Banking Technology, and IBM to its list of processor and technology partners that enable their financial-institution clients to offer Zelle to consumers. Processor Fiserv Inc. said Regions Bank will offer digital money-movement services, including …
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Apple Pay’s Everyday Ambitions; Balancing Fraud and Sales; Zelle Hits 60 Million P2P Payments
Zelle Notes 60 Million P2P Payments in the Third Quarter
Zelle, the bank-backed person-to-person payments network, says a daily average of 65,000 consumers enrolled in the service in the third quarter, helping to push its volume to more than 60 million P2P payments valued at $17.5 billion. Zelle, which is owned by Early Warning Services LLC, says more than 50 …
Read More »Renewing Apple Pay Has a Cost; BofA’s Big Zelle Volume; Plus Weekly Recap
Eye on Banks: BofA Posts $4 Billion in Zelle Volume; Chase’s Merchant Volume Rises 13%
Bank of America Corp. reported Friday that it handled $4 billion in Zelle person-to-person payments in the third quarter, up 67% from $2.4 billion a year ago before the Zelle brand went live this past June. Meanwhile, JPMorgan Chase and Co., the nation’s largest bank, on Thursday reported a 13% …
Read More »Credit Union Activates Zelle P2P Feature and other Digital Transactions News briefs
First Tech Federal Credit Union has activated the Zelle person-to-person payment service in its mobile-banking app, which has 110,000 users. Puerto Rico-based payment processor Evertec Inc. said it will donate $1 million for relief efforts and that it continues to process ATM and point-of-sale transactions on the island, which was devastated by Hurricane Maria. …
Read More »Zelle Notes 100 Million Transactions and other Digital Transactions News briefs
Bank-owned Early Warning Services LLC said its new Zelle person-to-person payment service processed 100 million transactions in 2017’s first half for payments totaling $33.6 billion. More than 50,000 consumers are enrolling daily in a network that could connect 86 million consumers through the mobile-banking apps of participating banks and credit unions, Early Warning …
Read More »Driven by Zelle And Apple, Mobile P2P Will Hit $244 Billion by 2021, Forecast Says
The forecast for person-to-person mobile payments is a heady one. Expect double-digit growth through 2021, says research firm eMarketer Inc. As more consumers adopt the growing number of P2P payments services, the value of their P2P mobile transactions will increase to $244.03 billion, up 103% from the $120.38 predicted for …
Read More »With the Launch of Zelle, Banks Tell Tech-Centric P2P Competitors, ‘It’s Game On’
By Peter Lucas@DTPaymentNews If banks are to gain the upper hand in the hotly contested person-to-person payments market, the Zelle network, which launched earlier this week, must make good on its promise of real-time payments while allowing consumers to complete P2P payments in the most intuitive way possible, payments experts …
Read More »Set on Claiming a Big Piece of the P2P Pie, Zelle Touts Members’ Volume Already in Hand
Financial institutions are determined not to be left behind as mobile person-to-person payments gain popularity and non-bank players invade the market. On Monday, Early Warning Services LLC, a company controlled by some of the nation’s biggest banks, said its Zelle P2P service has grown to include 20 banks and credit …
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